The writing's on the wall 15 November 2019 The time for making your business sustainable is now. Find out how hospitality’s leaders, including Sue Williams and Chantelle 
Nicholson, are going green in The Caterer ’s Sustainability Special
In this week's issue... The writing's on the wall The time for making your business sustainable is now. Find out how hospitality’s leaders, including Sue Williams and Chantelle Nicholson, are going green in The [...]
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Chinese investor throws PizzaExpress £80m lifeline

06 November 2019 by
Chinese investor throws PizzaExpress £80m lifeline

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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