Pizza Express 'Hires Financial Advisers' Ahead Of Debt Talks

7 October 2019, 13:53

Pizza Express 'Hires Financial Advisers' Ahead Of Debt Talks
Pizza Express 'Hires Financial Advisers' Ahead Of Debt Talks. Picture: PA

The pizza chain is reportedly seeking financial advice as it prepares for crisis talks over a large amount of debt.

The group's most recent accounts show the chain's total debt was £1.1bn at the end of last year - working out at around £1.8m a restaurant.

About half of the debt is due to be repaid by August 2022.

Financial consultants, Langton Capital, wrote on Twitter: "Pizza Express reportedly about to engage in talks with creditors."

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