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…
Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators. Members of The Currency get full access to over 4,000 exclusive interviews, investigations, and analysis, plus over 460 podcasts. Annual membership is just €200 for the first year, a saving of €100. Or try The Currency for the first month for a special introductory rate of €5, a saving of €20. Cancel at any time. To become a member today click here.
Join The Currency
INTRODUCTORY OFFER: Full annual membership for just €200.