Pizza Hut to close 29 restaurants putting 450 jobs at risk

Pizza Hut has confirmed a list of 29 sites up for closure as part of a rescue deal that could lead to the loss of 450 jobs.

Sites in Cambridge, Leicester, Sheffield and Stratford, east London, are all at risk as the group considers cutting about 10% of its 244 outlets.

The main UK franchisee of the US-owned business is also seeking to cut rents, asking landlords to base payment demands on turnover at each outlet, under a restructuring deal called a company voluntary arrangement (CVA).

The CVA,…

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