Fear of Pizza Express closures as chain faces takeover by bondholders

Group of investors in bonds worth £465m reportedly in advanced talks over dealPizza Express is set to be taken over by its bondholders, with the possibility of restaurant closures as the high street chain struggles with the loss of revenues during the coronavirus pandemic.The chain’s Chinese owner, Hony Capital, could lose control of the company as part of a debt-for-equity swap. Continue reading...