Pizza Hut: Two Scottish locations among long list of pizza restaurant closures

Pizza Hut has announced it will be closing 29 sites across the UK, including two in Scotland, putting 450 jobs at risk.

Pizza Hut chain restaurant

Two Scottish restaurants are among a list of 29 site closures announced by the chain Pizza Hut in a deal agreed with their landlords to prevent the company from going bust.

The closures put 450 jobs at risk and include the Great Western Retail Park in Glasgow and the Cumbernauld restaurants in Scotland.

215 restaurants will continue trading, maintaining 5,000 jobs and their takeaway restaurants are currently not affected by the change.

The landlords and creditors voted in favour of a Company Voluntary Arrangement, which sees them take a cut on future bills. Had this process not been successful, the chain says it could have collapsed without extra funding.

A Pizza Hut spokesperson said: "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 over 5000 jobs and

over 200 restaurants.

They added: "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 go through the CVA process following in the footsteps of Pizza Express, Wahaca, Wasabi, Byron and Yo! Sushi.

The chain said earlier this month that they put forward the CVA proposals because sales were not expected to improve and bounce back until later in 2021, despite the precautions they were taking amid reopening their restaurants.

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