Pizza Hut has entered administration, putting 68 dine-in restaurants and hundreds of jobs in jeopardy. The announcement comes just a year after the chain was saved from collapse in a rescue deal. The UK owner, DC London Pie Limited, appointed FTI Consulting as administrators on Monday, following significant financial difficulties. The administration process was triggered after HMRC issued a winding-up petition against the company due to unpaid tax liabilities. This legal action typically occurs when a business owes more than £750 and fails to settle its debts. In a swift response, Pizza Hut's global parent company, Yum! Brands, intervened with a last-minute deal to secure 64 dine-in locations, ensuring the jobs of approximately 2,259 team members will transfer to a new Yum! equity business. A spokesperson for Pizza Hut stated, "We are pleased to secure the continuation of 64 sites to safeguard our guest experience and protect the associated jobs." However, the remaining 68 locations, which are not part of the rescue deal, now face an uncertain future. The takeaway branches of Pizza Hut remain unaffected by the administration and will continue to operate as normal. The situation highlights the ongoing challenges faced by the restaurant industry, particularly in the wake of financial strain exacerbated by the pandemic. The administration process allows the appointed administrators to manage the company's assets and business in an effort to repay creditors. As the situation develops, the fate of the affected restaurants and their employees remains unclear, with many now anxiously awaiting further updates.