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Re: Changes on the High Street
Quote:
Quote from The Sun: Pizza Express has today announced plans to permanently close 73 of its restaurants, impacting 1,100 members of staff, as part of a major restructuring plan to shore up its finances.
The chain has formally launched a proposal to reduce its restaurant estate and rental cost base through a Company Voluntary Arrangement (CVA).
UK & Ireland managing director Zoe Bowley said the impact of the coronavirus pandemic had led to some "incredibly tough decisions to safeguard Pizza Express for the long term".
She added: "Today we have confirmed that 73 of our pizzerias are proposed to close permanently.
"In most cases, there is another Pizza Express nearby, either already open or reopening soon, to welcome our customers. Our focus is on our people whose jobs are impacted and we will be doing everything we can either to redeploy them or to support them in finding roles elsewhere.
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If they've got two outlets near to each other then it makes sense to close the more expensive to run one. Probably means they'll move off the high street.
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History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
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