Confirmed: Richmond restaurant saved as full list of closures is released
By The Editor
19th Aug 2020 | Local News
Richmond's Pizza Express restaurant will remain open.
A full list of the 73 branches it plans to close has been released as the company aims to move onto a more stable financial footing.
The closures involve 1,100 lost jobs and come as Pizza Express launched a company voluntary arrangement in a bid to restructure the group and keep it afloat.
In a statement the company said most of its restaurants had traded profitably before lockdown, but their earnings had been declining over the past three years.
A collapse in earnings due to lockdown, coupled with the cost of reopening restaurants and uncertainty over the economy, meant that the rents paid on premises were too much for Pizza Express to bear.
It will keep 381 of its UK restaurants open.
Pizza Express UK and Ireland managing director Zoe Bowley said: "The announcement of the CVA proposal today (Tuesday) follows a period of constructive dialogue with the British Property Federation and a broad range of our landlords.
"We have taken onboard their feedback and accommodated their requests as far as possible.
"Unfortunately, the impact of the global pandemic has meant that we have had to make some incredibly tough decisions to safeguard PizzaExpress for the long term. "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. "Hard as this process is, it will protect the jobs of over 9,000 of our colleagues and provide a strong footing for Pizza Express to meet future challenges and opportunities." Pizza Express indicated earlier this month that the future of restaurants already open were secure.List of branches to close
Aberdeen - Belmont StreetAylesbury
Barnstaple - Three TunsBiggleswade
BillericayBirmingham - Corporation Street
Birmingham - MailboxBournemouth - Post Office Road
BramhallBristol - Berkeley Square
Bristol - Regent StreetBromsgrove
Bruton PlaceCharlotte Street
ChippenhamDalton Park
DarlingtonDudley - Merry Hill
Earls Court - Earls Court RoadEdinburgh - Holyrood
FormbyFulham Palace Road
Glasgow – Princes SquareGlossop
GosforthGrantham
HalifaxHampstead
Hatch EndHereford
HeswallIpswich - Lloyds Avenue
Leeds - Crown StreetLeeds - Horsforth
LudlowLymington
Melton MowbrayMidhurst
Milton KeynesMoseley
New BrightonNewcastle
Newport - Isle of WightNewport - South Wales
NorthallertonNottingham - Goosegate
O2 FinchleyOrpington
Oxford - Oxford CastlePoole
Port SolentRamsgate
Reading - St Mary's ButtsScarborough
Sheffield - Devonshire StreetSheffield The Moor
ShirleySouthport - Old Bank
StaffordStaines
StokeStourbridge
SudburyTorquay
UxbridgeWakefield
WalsallWapping
Wardour StreetWeston-super-Mare
Whiteley VillageWhitstable
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