An attempt by donors to Pizza Express Co. Ltd. failed to persuade the Chinese company owner to sit at the negotiating table to start talks on ways to support the faltering restaurant chain.
Investors, who own 70 percent of most of the pizza´s premium shares, sent a letter a week ago pledging new financial support for the company, Bloomberg news agency quoted informed sources as saying.
According to Bloomberg, Honey Capital, which acquired Pizza Express for $ 1.2 million, met the message silently.
A spokesman for Pizza Express and a representative of Honey Capital declined to comment on the report.
