Hony Capital, the Beijing-based buyout shop renowned for successful investments in state-owned enterprises has run into trouble with its 2014 acquisition of PizzaExpress and other overseas deals. Straying too far can be difficult. AlecMac11
Buyout shop Hony cleaned up by acquiring state-backed companies before paying $1.6 bln for PizzaExpress in 2014, the same year it invested in Silicon Valley and Hollywood. The UK chain is in trouble as are other deals abroad, including WeWork. It can be hard straying from home.
Bondholders in PizzaExpress, the UK restaurant chain owned by Chinese private equity firm Hony Capital, are pressing the company to engage in restructuring talks, the Financial Times reported on Oct. 8., citing unnamed sources.
A restructuring could involve a debt-for-equity swap, with some investors and analysts advocating splitting the UK business from its underperforming international operations, the newspaper added.Read more: ReutersBreakingviews
Pumpkin Cobbler Is Like Pumpkin Pie, Only 10x EasierHoppin' on the fast track to better pumpkin pie.
How to Make a Salad That Gets Better the Longer It SitsThese salads get better the longer they sit there...we're jealous of the lives they lead Great!👍 Kale for 1.
We tried Pizza Hut's new plant-based sausage pizza, and we have some thoughtsThe pizza chain is testing the new pizza topping this week for one day only, along with a new compostable, round box.
Pizza Hut is testing a new round pizza box that looks like a spaceship and is meant to keep pizza fresherPizza Hut has partnered with Zume to test a new round pizza box that is supposed to keep pizza fresher and crispier. It's also compostable. Why? Surely it’s simpler to have veggies look like veggies than make them look like meat. If a vegan wants plant based food why would they want it to look like meat? Looks like a trashcan lid. The pizza box industry has definitely stagnated. It was primed for disruption.
Box Office: Quentin Tarantino’s ‘Once Upon A Time In Hollywood’ Doesn’t Need China To Be A HitThe Chinese release of 'Once Upon A Time... in Hollywood' has been canceled and will not be opening in the biggest overseas marketplace in the world this Friday He’s so handsome 😍😍😍
Pizza Hut is testing out an Incogmeato pizza in a round boxFor a limited time, Pizza Hut will serve a new vegetable pizza topped with Incogmeato's meatless Italian sausage at one location in Phoenix, Arizona This offends obese Americans Headline news right there. Thanks for being on top of it. Can't be any worse than this god awful shit...pizza hut shouldn't be allowed to make pizza after this one