On Air Now
Heart's Feel Good Weekend with Mark Wright 12pm - 4pm
7 September 2020, 11:32 | Updated: 7 September 2020, 11:33
Which Pizza Express restaurants are closing in the UK? See the full list of branches shutting down...
Pizza Express has now announced it will close 73 restaurants and cut 1,100 jobs following the coronavirus pandemic.
The company currently has around 454 restaurants across the UK, but has finalised a proposal to cut this down dramatically.
This is due to a loss in revenue after all its branches were forced to close for three months during lockdown, meaning its rental costs are no longer sustainable.
While most of its restaurants were making money before the pandemic, profits have been falling for the last three years.
The chain - which is majority owned by Chinese firm Hony Capital - has said 89% of its creditors voted in favour of its Company Voluntary Arrangement (CVA) restructuring deal.
The deal will also see a de-leveraging on the group's external debt, and around £144 million will be pumped into the business.
In a statement, Pizza Express said: "The successful vote unlocks the company's ability to actively address the challenges brought by Covid-19, securing over 9,000 jobs in the UK.
"The directors of Pizza Express thank its creditors for their support during this period and look forward to ongoing partnership as the hospitality industry recovers to growth."
Here is the full list:
Aberdeen - Belmont Street
Barnstaple - Three Tuns
Birmingham - Corporation Street
Birmingham - Mailbox
Bournemouth - Post Office Road
Bristol - Berkeley Square
Bristol - Regent Street
Dudley - Merry Hill
Earls Court - Earls Court Road
Edinburgh - Holyrood
Fulham Palace Road
Glasgow – Princes Square
Ipswich - Lloyds Avenue
Leeds - Crown Street
Leeds - Horsforth
Newport - Isle of Wight
Newport - South Wales
Nottingham - Goosegate
Oxford - Oxford Castle
Reading - St Mary's Butts
Sheffield - Devonshire Street
Sheffield The Moor
Southport - Old Bank