Hony Capital, the Chinese investment firm that owns PizzaExpress, has injected £80m into the business to ease its debt woes.
The news came just weeks after it emerged that the casual dining brand had called in financial advisor Houlihan Lokey and legal advisor Ellis International to help tackle its £1.1bn debt pile.
Hony Capital acquired PizzaExpress in 2014 and has lent the brand around £500m, with another £607.7m owed to external creditors, according to its 2018 annual report.
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