
Vulture hedge funds eat up debt bonds of PizzaExpress: report
Trading in Pizza Express's bonds has surged recently.
Vulture hedge funds have reportedly swooped on Pizza Express in an attempt to grab control of the restaurant chain.
A source by This Is Money said: “It looks very much like somebody is trying to take control, buying it on the cheap via controlling the debt then flipping it on to someone who is willing to invest.”
PizzaExpress currently has 476 restaurants in the UK.