PizzaExpress warns its future is ‘in doubt’ if lockdown continues in UK

In October 2020, Pizza Express announced cutting 1,300 jobs in the UK as the country is badly hit by the coronavirus pandemic.
  • Nusra Deputy Features Editor
PizzaExpress

Casual dining chain Pizza Express is facing a £350million black hole as covid-19 pandemic continue to restrictions continue to cut the restaurant and hotel sector.

The pizza chain warned its "future is in doubt" as mandatory covid closures continue across the high street.

According to Pizza Express the measures have had a "significant impact" on sales but added it was "very challenging" to say exactly how badly trading has been hit.

However, the impact has been enough to cast "significant doubt" over its future.

Also Read: Pizza Express to cut 1,300 more jobs in the UK

The pizza chain said it has enough liquidity to get through 18 months of lockdown, but it warned another month-long national shut down could trigger further restructuring talks.

Latest measures are expected to be in place until at least mid-February, although the government has warned it could go on until the end of March.

In October 2020, Pizza Express announced cutting 1,300 jobs in the UK as the country is badly hit by the coronavirus pandemic.

Earlier in August, the pizza chain announced 1,100 layoffs alongside the closure of tens of restaurants.

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