PizzaExpress to close 73 outlets in UK as Amazon steps up grocery link

The company said rental costs have become unsustainable and launched a company voluntary arrangement (CVA) to improve its finances by cutting rental agreements and temporarily moving from quarterly to monthly rents.
PizzaExpress to close 73 outlets in UK as Amazon steps up grocery link
A Pizza Express restaurant in Nottingham after the company announced that all of their restaurant locations in the UK have now closed to help limit the spread of coronavirus.

PizzaExpress has decided to close 73 of its 449 UK restaurants due to coronavirus lockdowns and higher costs, a move that the restaurant chain said would impact 1,100 jobs.

The company said rental costs have become unsustainable and launched a company voluntary arrangement (CVA) to improve its finances by cutting rental agreements and temporarily moving from quarterly to monthly rents.

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