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Nervous wait for Pizza Express in Crawley as firm prepares for debt talks with creditors

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Another major restaurant could be the latest victim of changing conditions on the high street.

The chain has reportedly hired in financial advisers ahead of talks with creditors over huge mounted debts.

The company reported a 11% fall in pre-tax profit in the second quarter of the year.

The Chinese owned company is reported to have huge debts that have amounted as the chain has struggled to cope with the changing habits of shoppers.

There are also rumours that the debt could be as much as £1.6m per restaurant.

Pizza Express is currently refusing to comment on what they call ‘speculation’ around their appointing of creditors.

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Crawley’s Frankie & Benny’s to change to Wagamama next year

The current restaurant is set to close early next year to allow for a complete refit.

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Fans of Frankie & Benny’s in Crawley will have to look elsewhere for their favourite dish as the owners have announced that the current restaurant is to close after Christmas.

Instead the restaurant will change into a Wagamama.

Rumours were arife that changes were coming after engineers were spotted measuring up the store last week leading some staff to worry about their jobs.

But owners TRG have confirmed that all the current staff are guaranteed jobs at the new Wagamama and that infact new jobs will be created allowing additional people to work at the site.

There is no official date for the new restaurant to open but sources close to the chain say that they expect a quick change in January to take place.

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