Pizza Hut to close 68 venues after restaurant firm enters administration, 1,700 jobs at risk
Pizza Hut’s UK restaurant business has entered administration, putting 68 dine-in branches and hundreds of jobs in jeopardy.
DC London Pie Limited, the company that owns Pizza Hut’s UK restaurants, appointed FTI Consulting as administrators on Monday. Soon after, Pizza Hut’s global parent company, Yum! Brands, struck a deal to rescue 64 dine-in locations.
Despite this, 68 restaurants — and 1,723 jobs — remain at risk, as they were not included in the rescue agreement.
Pizza Hut’s takeaway and delivery outlets continue to operate as normal and are unaffected by the administration.
A company spokesperson said: “Today we announce the acquisition of the Pizza Hut dine-in operations through a pre-packaged administration, following the appointment of FTI as administrators of DC London Pie Limited, a franchisee of Pizza Hut dine-in restaurants. We are pleased to secure the continuation of 64 sites to safeguard our guest experience and protect the associated jobs. Approximately 2,259 team members will transfer to the new Yum! equity business, including above-restaurant leaders and support teams.”
Directional Capital took control of Pizza Hut’s UK restaurants in January 2025 through a pre-pack administration deal, establishing DC London Pie Limited to oversee the operation.
The chain’s previous owner, Heart with Smart Limited, had gone into collapse, leaving nearly £40 million in debt to investor Pricoa Capital.