Franco Manca, the pizza restaurant chain, confirms it will close 16 of its sites following approval of a company restructuring. Multiple reports say the plan is carried out through a company voluntary arrangement (CVA) led by the company’s parent, The Fulham Shore. The closures are part of a creditor-approved restructuring intended to reduce the business’s footprint and costs. The outlets report that the decision follows earlier announcements by The Fulham Shore, which said last month that site closures would be implemented under the CVA process. One report also states the restructuring will result in the loss of around 200 jobs, although exact figures beyond the headline number are not detailed in the excerpts provided. Another report indicates that creditors have approved the restructuring and that this approval triggers the closure programme. Several outlets refer to a list of the affected locations, but the specific addresses are not included in the information provided. Overall, the reporting is consistent that the closures are confirmed, number 16 sites, and come after restructuring approval via a CVA by the parent company.