High-street fast food chain franchisee collapses into administration putting thousands of jobs at risk
Takeaway and delivery branches will be saved in the deal
Pizza Hut has collapsed into administration just a year after it was hoped to be saved in a 'rescue deal'.
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The pizza chain has entered administration, putting 68 dine-in branches and 1723 jobs at risk.
Pizza Hut's owners scored a deal to keep takeaway and delivery branches amid the company collapse.
A spokesperson for the pizza chain said: "Today we announce the acquisition of the Pizza Hut dine-in operations through a pre-packaged administration, after FTI was announced today as administrators of DC London Pie Limited, a franchisee of Pizza Hut dine-in restaurants."
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"We are pleased to secure the continuation of 64 sites to safeguard our guest experience and protect the associated jobs," they told The Sun.
"Approximately 2,259 team members will transfer to the new Yum! equity business, including above-restaurant leaders and support teams."
Pizza Hut first arrived in the UK in 1973 and quickly became a high-street favourite.
The pizza chain, at its height, ran over 260 restaurants nationwide, employing 10,000 staff and feeding three million customers each month.