Franco Manca to Close 16 UK Restaurants Amid Financial Pressures
UK-based pizza chain Franco Manca is closing 16 of its 70 UK locations, impacting 225 employees, due to financial pressures including high taxes and lack of business rates relief. The company is preparing a CVA and exploring restructuring options, including a potential sale. The move highlights ongoing challenges in the UK hospitality sector.
Topics: company restructuring CVA job losses restaurant closures UK hospitality industry