Andrew Matthews - PA Images/Getty
The pizza chain also plans to transfer majority ownership from its current owner, Chinese private equity firm Hony Capital, to debtholders so it can secure funding for future growth. The company also plans to transfer majority ownership to debtholders to secure financing for future growth, it said. Its current owner, Chinese private equity firm Hony Capital, intends to retain ownership of the group's mainland China business, a Pizza Express spokesperson told Business Insider.
"It is with a heavy heart that we expect to permanently close a proportion of our restaurants, losing valued team members in the process," Zoe Bowley, UK and Ireland managing director, said in a statement.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Now why would Federal Reserve jump in? Only bankers deserve relief.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Top business news: Big Tech, Exxon job cuts, Young Living Empire - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. money. FacebookApoiaCensura When were tech companies ever genuinely interested in tech lol. Tech is just a means to make the most money.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider webinar: How influencers earn money in pandemic - Business InsiderSIGN UP NOW: Next week we're talking to YouTube and Instagram influencers with millions of followers about how they're adapting their businesses during the pandemic and earning 6-figure incomes
Source: BusinessInsider - 🏆 729. / 51 Read more »
Searchable database of Business Insider pitch decks - Business Insider[Thread] Startups convince investors to fund their ideas using pitch decks. Business Insider regularly seeks out and publishes these decks to give readers an inside look at how successful companies persuaded investors to fund them. For the first time, these decks—presentations that combine slideshows with storytelling—have been combined into a single, searchable library that you can explore. 👇
Source: BusinessInsider - 🏆 729. / 51 Read more »
Lord & Taylor closing stores and liquidating: list - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Another victory for lockdowns! Congrats!
Source: BusinessInsider - 🏆 729. / 51 Read more »
China calls Trump's proposed Microsoft-TikTok cut state-sanctioned robbery - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Sounds like a dangerous precedent that could later go on to affect American companies. I agree with China, it's a shakedown. Trump threatened to kill TikTok, now that they will be spared he wants his protection money He needs to worry about the economy and the unemployed. That should be his number one concern during this pandemic....... not TikTok....... unreal.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How to get a job during the pandemic: expert strategies and advice - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »