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Monthly Archives: July 2014

The reported acquisition of Pizza Express for £900m by Hony Capital is one of those deals that makes perfect sense. The restaurant chain is widely considered to have introduced pizza to the UK – now as much a part of the national diet as fish and chips. It is a well established retail brand and delivers a consistently good food and leisure experience. That’s why it has 436 outlets with a great business model that appears to largely recession proof. China currently has just 22 outlets. However, to put that into context, KFC now has 4,563 outlets across the…