Glasgow branch still set to shut as chain strikes deal

PIZZA Hut is set to close 29 of its branches in an attempt to avoid collapse, putting 450 jobs at risk. The chain has secured a deal with landlords to reduce rents on restaurant branches in an attempt to save the business.

But a Glasgow branch in Great Western Retail Park is still set to close.

Landlords and creditors voted in favour of an insolvency process known as a Company Voluntary Arrangement ( CVA).

While 5000 jobs will be saved by the move as 215 branches are able to continue trading, 450 may still be at risk.

If a vote had not passed, the chain could have collapsed without extra funding.

A Pizza Hut Restaurants spokesperson said: “The Company Voluntary Arrangement ( CVA) for Pizza Hut Restaurants ( PHR – the UK dine- in franchise business of the global Pizza Hut brand) is now approved.

“We are delighted to have reached such a constructive position in partnership with our landlords and creditors.

“We appreciate the support of everyone involved and this outcome provides us with a strong platform to secure the long- term future of the business including more than 5000 jobs and more than 200 restaurants.

“Our focus is now ‘ business as usual’ supporting all of our team members and continuing to provide a Covid- safe restaurant experience for our guests.”

Pizza Hut is the latest restaurant chain to attempt to push through site closures, with Pizza Express, Wahaca, Wasabi, Byron and Yo! Sushi all using the CVA process.