All PizzaExpress articles – Page 5
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NewsPizza Express to be taken over by bondholders in debt for equity swap
Pizza Express is set to be taken over by its bondholders after a sale process seeking potential buyers failed to find a competitive offer.
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OpinionDominic Walsh: Casual dining one of ‘big losers’ of pandemic
It used to be so simple. Come up with a restaurant concept and a brand, open one restaurant, then a second, then aim for five outlets then ten and 20, and if it’s still working, press the button on a nationwide rollout. Well, something like that, anyway.
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NewsPizza Express to close 15% of estate in restructuring
Pizza Express has today announced that it is to undergo a financial and operational restructuring, which could see the permanent closure of 15% of its estate.
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NewsPizza Express to reopen a further 150 sites
Pizza Express is set to open a further 150 restaurants by the beginning of August.
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NewsPotential restructure at Pizza Express
Hony Capital, which owns Pizza Express, could be “all but wiped out in a restructuring” according to a report in the Times. It said Hony Capital, which bought the 627 strong chain for £873m in 2014, had “looked at the possibility of injecting more equity into the business but is now thought to be resigned to ceding control to its bondholders.” It went on to say that “none of the parties involved would comment” but there “were suggestions last night that a financial restructuring, possibly including some restaurant closures, could come as early as next week.”
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NewsPizza Express announces opening plan
Pizza Express is reopening of 46 of its restaurants for dine-in customers from Thursday, 9 July.
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NewsPizza Express launches virtual brand
Pizza Express has announced the launch its first virtual delivery brand, Mac & Wings.
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NewsPizza Express adds option to click and collect
Pizza Express has taken another tentative step towards reopening by adding an option to click and collect pizzas from the 13 sites in London that are already open for delivery. Click and collect will only be available via the Pizza Express website. Safety measures have already been introduced at restaurants including social distancing, protective screens and additional cleaning.
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NewsPizza Express opens select sites for delivery
Pizza Express has opened 13 sites across London for delivery only.
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InterviewsPizza Express MD Zoe Bowley: Shared rent burden a ‘sensible short-term solution’
A three-way shared rent payment would be a “sensible route in the short term”, Pizza Express managing director Zoe Bowley has said.
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NewsPizza Express to relaunch delivery
Pizza Express is set to relaunch certain sites for delivery in the next two weeks, MCA’s The Conversation has heard.
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NewsUKH and Industry CEOs call on Government for immediate support
In a joint letter with UK Hospitality, over 200 CEOs from across the hospitality industry have appealed to the Prime Minister to ’act without delay’ in implementing immediate government support for the sector.
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Analysis & InsightBangkok bounce back?
Once the darling of the Thai restaurant scene, Busaba has had a tough few years, with falling profits and site closures. Now with a simplified offer and a fresh focus on the capital, it’s looking to bounce back
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NewsKitopi raises $60m in new funding
Kitopi, the smart kitchen operator, has raised $60m in new funding led by Lumia Capital.
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NewsReview of the Year part One
Amid a backdrop of casual dining carnage and CVAs around every corner, the industry had plenty of news in 2019. But Pizza Express delivered drama. With 490 sites in the UK, Pizza Express is a national institution. So when it announced a net debt pile of £1.1bn earlier this year, and premature rumours of its demise hit the airwaves, the country rallied itself in the way it does best these days – by keyboard.
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NewsThe Dom Walsh Awards
Our monthly columnist from The Times hands out his annual awards to brands and operators who have made the past 12 months newsworthy – for better or for worse…
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NewsJo Fleet named ‘unsung hero’
Flat Iron, Wagamama, Caravan and Lina Stores were among winners at Restaurant magazine’s R200 Awards held in London last night (4 December).
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NewsPizza Express bondholders’ warning over brand’s future
Pizza Express bondholders have urged the restaurant chain’s senior management and Chinese owners to move quickly to restructure the group’s debt-laden balance sheet or risk its future, the Financial Times reports.
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NewsPizza Express has reasons to be cheerful - and remain vigilant
Back of house, the management of Pizza Express clearly still has much on their plate as they seek to stabilise the finances. But, to their credit, the front of house execution is not being undermined. In fact, MCA’s latest quarterly consumer research finds the business has several reasons to be cheerful.
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NewsPizza Express receives tender offer for £80m worth of bonds
An affiliate of Pizza Express’ owner Hony Capital is understood to have launched a tender offer to acquire up to £80m of the group’s senior notes, due in 2022.