Pizza Express finally admits things aren’t going so well
Beloved pizza chain Pizza Express will receive £80 million from its owner, Hony Capital, to prop up a balance sheet that reads like 50 Shades of Red. While the chain moved to quell reports it would fold in October, this new funding — and the need to renegotiate a £20 million overdraft, according to the Telegraph — is clearest admission to date that the restaurant group is in more than a spot of bother. Taking debt inspiration from its line of Leggera pizzas by cutting out a small bit in the middle and filling it with money? It’s a start.
And in other news...
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- Boris Johnson is rumoured to be standing for General Election 2019 in Melton Mowbray, home of porky pork pies. There could not be a more assiduous food pairing.
- London’s most exciting new restaurant teases a dessert made of potato.
- Pret a Manger discontinued the jambon beurre sandwich because it wasn’t happy with the bread on 25 October. Pret a Manger reintroduced the jambon beurre sandwich to the menu on 5 November. 11 days of pain are over.
- Squirrels side-eye the general public as eating acorns for food creeps towards being ~cool~.
- Popular wine bar group Vagabond will open its seventh site in the City. [Propel]
- Two bodybuilders who hid used steroid syringes in supermarket food for ... Kicks ... ? have been jailed. [Metro]
- Good tweet: