Sloppy machete: Pizza Express runs out of dough

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By Silas Brown
05 Aug 2020

Pizza Express’s plans to restructure its debt, shut restaurants and sell its UK business have hammered home the latest nail in the coffin of the UK casual dining sector. As appetite for eating out dwindles following lockdown, coupled with a heavy oversupply of mid-market restaurant chains, the coronavirus pandemic has hastened the decline of a sector which has dominated UK dining over the past few decades.

The UK restaurant chain famous for its garlic dough balls announced on Tuesday the implementation of a company voluntary arrangement (CVA), a legal process that acts as an alternative to a company entering full administration. 

CVAs, which have been in use for over a decade, allow companies the to ...

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