Private Equity

Winter is coming: Can private equity help keep restaurants warm?

Covid-19 has upended the restaurant business, but out of crisis will come dramatic changes

Tuesday 15 September 2020 at 13:20

Winter is coming: Can private equity help keep restaurants warm?
Photo: Getty Images

In Britain, you either live near a Pizza Hut or a Pizza Express. But the pandemic may change that forever as the two casual dining rivals are shutting outlets and slashing jobs to survive the crisis.

They are not alone.