Pizza Hut sells off restaurants

By Becky Paskin

- Last updated on GMT

Related tags: Pizza hut, Districts of london

Pizza Hut sells off restaurants
The restaurant chain has announced it is selling off 20 of its sites with a view to relocating and in most cases disposing of them

Pizza Hut​ is disposing of 12 of its 700 restaurants in the UK, with a further eight earmarked for relocation to more profitable sites.

After buying 25 new sites in 2008, the restaurant chain has decided to ‘realise value’ from the sites currently occupying prime retail locations.

The twelve sites for disposal are located in Beckenham, Bromley, Cwbran, Hornchurch, Hounslow, Ruislip, Southport, Streatham, Sutton, Wembley, Wolverhampton and Woolwich, and will not be sold for trading under the Pizza Hut brand.

Having instructed chartered surveyors Fleurets to oversee the sales, Pizza Hut will continue to ‘seek out new opportunities’ and progress with its rolling five-year refurbishment project.

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