A certain amusement here.
Pizza Express is under mounting pressure from debts, rising costs and fierce competition, credit ratings agency Moody’s warned as it downgraded the restaurant chain.
Fears are growing for the business as Moody’s said its rising leverage ratios “may cause the company difficulties in effecting a timely and cost effective refinancing in due course”.
This is mere coincidence:
Peter Boizot, who has died aged 89, opened the first Pizza Express in Soho in 1965 and built the company into a national institution; he became a major philanthropist, supporting causes ranging from Venice, jazz, football, hockey and his native Peterborough, to the Liberal Party, for whom he stood twice as a parliamentary candidate in the elections of 1974.
But we are all mortal, even those legal beings called companies. This one’s just got a bit of a col but the Grim Reaper will come for it eventually as well. As Jeff Bezos has been saying, Amazon will go bankrupt. The only question is when.