LEGAL | Staff Reporter, UK

Pizza Hut Restaurants to shutter 29 outlets

About 450 people will lose their jobs as a result.

Pizza Hut Restaurants has confirmed plans to close about 29 of its 244 sites across Britain.

The closures will happen through a company voluntary arrangement (CVA), an insolvency process that enables businesses to shed uneconomic outlets and cut rents.

The chain is understood to have opted for a CVA in a bid to reduce its annual rent obligations of more than £20 million.

Pizza Hut Restaurants is the main franchisee of the Pizza Hut brand in the UK, and is a separate company to the Pizza Hut UK business, which is more focused on food delivery from a further 380 sites.

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