Chinese firm buys UK's Pizza Express chain - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

Chinese firm buys UK's Pizza Express chain

Posted: Updated:
  • NationalMore>>

  • Arizona execution: Lawyer said inmate not in pain

    Arizona execution: Lawyer said inmate not in pain

    Thursday, July 24 2014 3:24 PM EDT2014-07-24 19:24:42 GMT
    A condemned murderer took nearly two hours to die and gasped for about 90 minutes during an execution in Arizona that quickly rekindled the national debate on capital punishment in the U.S.
    State officials assured a judge during the nearly two-hour execution of an Arizona inmate that he was comatose and not feeling pain at any point.
  • Ohio State marching band director fired

    Ohio State marching band director fired

    Thursday, July 24 2014 3:21 PM EDT2014-07-24 19:21:42 GMT
    Ohio State University has fired the director of its celebrated marching band amid allegations he knew about and ignored "serious cultural issues" including sexual harassment.
    Ohio State University has fired the director of its celebrated marching band amid allegations he knew about and ignored "serious cultural issues" including sexual harassment.
  • Mont. gov: Sen. in plagiarism row deserves respect

    Mont. gov: Sen. in plagiarism row deserves respect

    Thursday, July 24 2014 3:17 PM EDT2014-07-24 19:17:31 GMT
    Sen. John Walsh said his unattributed use of others' work in his master's thesis was not plagiarism but "a few citations that were unintentionally left out of a term paper" that he blamed in part on...
    Montana Gov. Steve Bullock said Thursday he had no knowledge that Sen. John Walsh had plagiarized his master's thesis when he appointed the former lieutenant governor to the Senate in February, and that he continues to...

LONDON (AP) - Pizza Express, one of Britain's best-known chain restaurants, has been sold to a Chinese private equity firm for about 900 million pounds ($1.5 billion.)

Gondola Group, which also owns other British restaurant chains, said it agreed to the sale with Hony Capital on Saturday in the latest example of Chinese investment in European companies.

Pizza Express has 436 restaurants in the U.K. along with 68 internationally, including 22 in China.

The chain's chief executive, Richard Hodgson, said Asia is a key part of the chain's growth strategy and Hony's expertise in the region will be valuable.

Hony said it aimed to capitalize on its local expertise to help the chain grow in the Chinese market.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • InternationalMore>>

  • Iraq elects new president as attacks kill dozens

    Iraq elects new president as attacks kill dozens

    Thursday, July 24 2014 3:24 PM EDT2014-07-24 19:24:57 GMT
    Iraqi officials say militants have attacked a prisoner convoy north of Baghdad, killing 52 prisoners and eight soldiers.
    Iraqi lawmakers elected a veteran Kurdish politician on Thursday to replace long-serving Jalal Talabani as the country's new president in the latest step toward forming a new government. But a series of attacks killed...
  • Planes with Ukraine bodies arrive in Netherlands

    Planes with Ukraine bodies arrive in Netherlands

    Thursday, July 24 2014 3:24 PM EDT2014-07-24 19:24:30 GMT
    Ukraine's government says 51 containers holding bodies and body parts of victims of the Malaysia Airlines crash are ready to depart for the Netherlands aboard two military transport planes.
    Two more military aircraft carrying remains of victims from the Malaysian plane disaster arrived in the Netherlands on Thursday, while Australian and Dutch diplomats joined to promote a plan for a U.N. team to secure the...
  • Israel swears in new president amid Gaza war

    Israel swears in new president amid Gaza war

    Thursday, July 24 2014 3:23 PM EDT2014-07-24 19:23:46 GMT
    Israel's parliament has sworn in Reuven Rivlin as the country's new president, replacing Nobel Peace laureate Shimon Peres whose term ends as Israel is fighting a war against Hamas in Gaza.
    Nobel Peace Prize laureate Shimon Peres ended his term as president of Israel on Thursday - a man who symbolizes hopes for peace capping a seven-decade public career amid the brutal reality of war. Peres handed the...