Recapitalisation for Pizza Express is finished with the total debt reduced from £735m to £319m and an injection of new capital for £40m. The company has also raised £90m fund from new owners.
Allan Leighton and David Campbell have been appointed as Chairman and Group Chief Executive. Leighton has served as non-exec director of the Restaurants Group and has stepped down to become chairman at Pizza Express. Campbell was chief executive of Wagamama and the Ivy Collection. Also, Bowley, managing director of PizzaExpress UK & Ireland, will be joining the main board, together with group chief financial officer Andy Pellington.
Pizza Express is a restaurant group based in the United Kingdom originally founded in 1965 by Peter Boizot. Today the business has 460+ restaurants across the United Kingdom and internationally. For more information, visit: https://www.pizzaexpress.com/about-us
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