Pizza Hut’s UK franchise operator has entered administration, leading to the closure of 68 restaurants across the country — from Finchley Lido in London to Carlisle and Rhyl in north Wales.
The move also affects 11 delivery-only sites, putting about 1,210 jobs at risk. The restructuring follows financial difficulties faced by DC London Pie, the company that runs Pizza Hut’s UK restaurants under a franchise agreement.
Corporate finance firm FTI Consulting has been appointed as administrator, while Yum! Brands — Pizza Hut’s US-based parent company, which also owns KFC and Taco Bell — has stepped in to buy part of the business through a pre-pack administration deal.
The deal secures 64 restaurants and 1,276 jobs, with those locations now coming under Yum!’s direct ownership.
Matt Callaghan of FTI said the agreement “provides a stable platform for one of the UK’s best-known dine-in brands” and ensures “continued operations and job preservation,” while promising support for staff affected by redundancies.
