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Retail & Consumer

º£½ÇÊÓÆµ restaurant chains to go into administration, close branches and cut jobs in 2020

Eateries across the country are struggling to recover from the impact of the pandemic and º£½ÇÊÓÆµ lockdown

(Image: Getty Images/iStockphoto)

Britain’s hospitality sector is fighting to recover from the impact of the Covid-19 pandemic and º£½ÇÊÓÆµ lockdown.

Chancellor Rishi Sunak is hoping to boost the industry with his new Eat Out to Help Out Scheme , but the future of the sector remains shrouded by uncertainty.

The initiative gives diners 50 per cent off at participating restaurants on Mondays, Tuesdays and Wednesdays during August, with discounts capped at £10.

It is costing the government £500million, but the Chancellor is hoping the move will revive businesses, many of which are struggling to stay afloat.

Restaurants, pubs, cafes and other eateries across the country are being forced to close sites and cut jobs after months of being shut under lockdown restrictions. And some will never recover.

But which chains have fallen into administration, closed branches or launched company voluntary agreements (CVAs) - an insolvency process - this year?

BusinessLive takes a look at the major chains that have had a difficult 2020.

Pizza Express

Pizza Express is preparing for a CVA(Image: Aldershot News and Mail)

Up to 1,100 jobs are at risk at restaurant chain Pizza Express after the firm announced proposals to close around 67 of its sites this week.