PizzaExpress - Wikipedia

The 25-Second Trick For Pizza Express Paso Robles - Pizza Restaurant in CA

The chain had actually been experiencing financial troubles emerging from a slump in consumer demand for eating in restaurants. In March 2020, all UK restaurants were required to close forever due to nationwide lockdown rules presented by the federal government to restrict the spread of COVID-19. On 28 May 2020, choose London restaurants reopened for delivery services as the government started to lift lockdown restrictions.

The restaurant group was reported to have a debt pile of 1. 1 billion. The next month, it was announced that the company was set to surround 67 restaurants throughout the UK and also cut 1,100 tasks. In July 2020, the organization was taken over by its bondholders under a debt-for-equity swap with previous owner Hony Capital.

In November 2020, the group restructure finished and helped cut the casual dining chain's debt by more than 400 million. A more 23 branches were allocated for closure in January 2021. Ownership [modify] Pizza, Express was drifted on the London Stock Exchange in 1993 with franchises opening across the UK. UK franchises were then redeemed en masse in 1996.

The 6-Minute Rule for Pizza Express - Netcong - Menu & Hours - Order Delivery (10

In 2005, Pizza, Express drifted on the London Stock Exchange, as part of Gondola Holdings. It was then bought by private equity group Cinven as the Gondola Group in 2007. On 12 July 2014 it was announced that Chinese group Hony Capital had bought Pizza, Express for 900 million. In July 2020, business was taken control of by its shareholders under a debt-for-equity swap with previous owner Hony Capital.

Pizza Express LIVE - Harrison - Archello

Because its structure, Pizza, Express has actually specialised primarily in handcrafted pizza in the conventional Italian design. Pizza, Express presented the lighter pizza Leggera, the very first pizza range on the high street that contains around 500 calories. In 2008, Pizza, Express started a Visitor Chef Series with chef Theo Randall, of Theo Randall at Inter, Continental London, creating exclusive meals for its menu.

The star chef series continued in 2012 with the introduction of two pizzas made by television cook Valentine Warner. Check Here For More presented the fennel and salami pizza and the puttanesca pizza. Pizza, Express has supported the jazz neighborhood from its early days when it opened its very first jazz club in 1969 in Dean Street, London.