PUBLISHED: 09:35, Tue, Aug 4, 2020 | UPDATED: 14:48, Tue, Aug 4, 2020
Pizza Express has announced the possible closures as part of a restructuring plan. This would put a large number of jobs at risk.
The popular restaurant chain has more than 470 restaurants in the UK.
There are a further 150 outlet restaurants branches across the world.
A statement today confirmed 67 stores could be affected as part of a restructuring plan.Which branches will close?
The company will look to close around 15 percent of branches in the UK.
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Pizza Express closing: The well loved pizza chain has said 67 restaurants are at risk of closure (Image: GETTY)
Pizza Express closing: Around 67 restaurants could close (Image: GETTY)
Further information on which locations will be affected has not yet been released.
Bosses have confirmed that an agreement has been reached with its secured creditors and majority shareholder Hony Capital.
This will lead to a restructuring which will aim to cut costs by £144million.
A company voluntary arrangement has also been put into place where each UK branch will be individually assessed.
As a result, the most underperforming locations will permanently shut down.sonos sonos One (Gen 2) - Voice Controlled Smart Speaker with Amazon Alexa Built-in - Black read more