In the UK, Pizza Express is in survival mode, shutting down restaurants, laying off staff and cutting deals with creditors to reduce its mountain of debt. Its Irish subsidiary, which trades under the Milano brand, has largely been unaffected, with all of its 15 restaurants remaining open. Now, however, the Irish wing is facing legal action by some of the country’s best-known property developers. Prior to the last crash, Paddy Kelly was among the most ambitious property developers in Ireland, linking up with partners to borrow €2 billion for projects all over the world. Now out of Nama, he recently…

Want to continue reading?

Join today with an Annual membership and get full access to The Currency for just €200 (68c per day) or try monthly membership for just €5 for your first month.

Subscribe

Cancel at any time.

Are you already a member? .