Pizza Express, Stockton Heath
PIZZA Express is reportedly in talks with creditors today, Monday, amid worsening financial problems.
The Italian restaurant chain is said to have accumulated £1.6 million of debt per restaurant.
In 2018, Pizza Express – which has a restaurant in Grappenhall Road, Stockton Heath – reported net debt of more than £1bn, and made a pre-tax loss of £55m.
Founded in 1965, the Chinese-owned restaurant group has more than 470 restaurants across the UK and 100 overseas.
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