Pizza Hut sells off restaurants
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.
