UK casual dining crisis: PizzaExpress suffers £55m loss

UK casual dining crisis: PizzaExpress suffers £55m loss

PizzaExpress saw pre-tax losses almost double to reach £55m in 2018 as it was hit by tough trading in the UK and overseas.

Speculation has been growing about the future of the 54-year-old chain following a raft of closures by other high street brands across the UK casual dining sector last year.

Accounts for the 52 weeks to 30 December 2018 show EBITDA for the group, which operates over 600 restaurants worldwide, dropped 15% to £80.2m… (click link below for full story)

Source: Big Hospitality

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