By John Baron
Pizza Hut’s restaurant at Cardigan Fields is among 68 restaurants to be closed permanently, it’s been revealed today.
Administrators were yesterday appointed to DC London Pie Limited, which operates Pizza Hut’s UK restaurants, while the global brand owner Yum! Brands stepped in to save the remaining 64 pizza restaurants and 1,276 jobs.
Some 1,210 people will be made redundant at 68 restaurants across the UK, along with 11 delivery outlets.
Administrators FTI Consulting told the BBC that DC London Pie had been hit by the combination of “challenging trading conditions and increased costs”. Cashflow had come under pressure “as a result of tax-related obligations”.
“The joint administrators will continue to work with employees who have unfortunately been made redundant, to ensure they get the support needed,” joint administrator Matt Callaghan said in a statement today (Tuesday).
DC London Pie had bought Pizza Hut UK’s restaurants from insolvency in January this year.
Other Pizza Hut restaurants at Colton Mill and the White Rose Centre in Leeds have also closed.