Pizza Express is considering closing 15% of its UK restaurants, which would mean the loss of 1,100 jobs. The chain is the latest High Street outlet to undertake a restructuring of its business after trading was halted by the coronavirus pandemic.
Read the full article on the BBC website
NAM Implications:
- Holding the closure rate at 15% will be an achievement…
- …as soon as the extent of the downturn becomes clearer post-lockdown.
- Stakeholders should run a ‘what-if’ based on socially spaced 50% capacity’…
- Before someone (like the banks) does it on their behalf.
