The two sides have plenty of familiarity since Flynn already serves as the second-largest Taco Bell franchisee. Yum! CEO David Gibbs referred to Flynn as a well-capitalized company that brings a strong track record of operational excellence. Those stores have now been sold to new operator Flynn Restaurant Group. More closures are expected in 2021.įeeding into those 2020 shutterings was bankrupted NPC International, which decreased its footprint from 1,200 to 950. Pizza Hut ended 2020 with 17,639 stores, representing a unit decline of 6 percent-it’s the lowest global number since Q3 2018.Īlthough the numbers are significant, it’s in line with expectations as the brand continues its shift toward a more off-premises-friendly asset base, or as Yum! Brands CFO Chris Turner described it, “transition to a healthier and more modern estate.” Closures were largely underperforming stores with lower average-unit volumes. The closures were partially offset by the opening of 682 locations. In 2020, Pizza Hut shed 1,745 restaurants, or 9 percent of the year-ago figure, including 573 closures in Q1 and Q2 combined, and 1,172 total in Q3 and Q4.
The chain closed 2019 with 18,703 stores globally. Customers can continue to enjoy our pizza from the Pizza Hut Restaurant at the Meridian Leisure Park, Leicester.Pizza Hut’s mission to right-size its footprint may have begun years before the pandemic arrived, but COVID-19 undoubtedly quickened the initiative. We are saddened by the closure of our Willowbrook Retail Park Restaurant in Loughborough, however this was beyond our control. The Pizza Hut delivery in Loughborough is unaffected by the closure.Ī spokesperson for Pizza Hut Restaurants said: “Like many hospitality businesses, Pizza Hut Restaurants has faced disruption following the pandemic. It is one of many restaurant chains which struggled because of the coronavirus pandemic, which impacted other high street names such as Pizza Express, Zizzi, Byron Burger, and Café Rouge - all four of which closed branches in Leicester. This was due to a Company Voluntary Arrangement (CVA) restructuring deal which was completed to ensure the company avoided administration and liquidation. Pizza Hut has closed a number of restaurants across the UK in recent years, including in 2020 where they announced that 29 locations were likely to close - including one by the Haymarket Shopping Centre in Leicester. READ MORE: Melton woman last person to see the Queen lying in state The closure comes less than a year after the restaurant at Fosse Park closed its doors for good, which is being transformed into a Tim Hortons drive-thru coffee shop. This leaves only two Pizza Hut restaurants in Leicestershire, one at Meridian Leisure Park and another at Thurmaston Shopping Centre. Your nearest restaurant is Meridian Leisure Park." Upon calling the store, a voicemail left by a Pizza Hut spokesperson confirmed the restaurant's closure, saying: "Pizza Hut Loughborough is now closed. The Pizza Hut restaurant in Willowbrook Retail Park in Loughborough closed its doors over the weekend according to reports on social media.
A second Pizza Hut restaurant has closed down in Leicestershire in less than a year - leaving only two left in the entire county.
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