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9 Oct 2:52pm

Pizza Express hires advisers over £1bn debt

The Guardian
Rumours abound over fate of 54-year-old business as consumer tastes change Pizza Express has a mountain of debt: a towering £1.12bn is owed to various lenders, a cash sum equal to 77m of its famous Sloppy Giuseppe beef and pepper pizzas. In recent days rumours have swirled that the 54-year-old business, one of the UK’s biggest casual dining chains, might be about to go the same way as Jamie’s Italian.
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