Pizza 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.
Read the full article on The Guardian website
NAM Implications:
- i.e. if you don’t face up to reality, others will do so on your behalf.
- In foodservice particularly, it is key to operate via outlet profitability…
- …with cut-backs as drastic as demand requires.
- The Pizza Express bondholders just happen to be in charge.
