Debate Magazine

Best of Luck with That, You Insufferable Twats.

Posted on the 29 April 2020 by Markwadsworth @Mark_Wadsworth

From The Telegraph:
A landlord is taking legal action to shut down Pizza Express over unpaid debts, sparking new fears for the future of the ailing chain.
Grainrent has filed a winding-up petition against the business in the courts as high street tensions grow amid a collapse in business during the lockdown.
Unless Pizza Express pays back what it owes, this process would normally lead to a hearing on whether to liquidate the company - putting as many as 14,000 jobs at risk in 627 restaurants.
Gainrent's parent firm London and Cambridge Properties said it remains open to compromise with the chain.
The legal action began on Friday ahead of new rules that came into effect on Monday banning the use of winding-up petitions if a company cannot pay rent bills due to coronavirus.


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