Top Stories
​

Struggling restaurant chain Prezzo has listed the branches that will close for good as part of a rescue deal triggered by the Covid pandemic.
The company said 216 jobs are at risk, with 22 restaurants to permanently shut their doors – with no plans to reopen once lockdown restrictions are relaxed.
It becomes the latest Covid high street casualty, with hospitality rivals Carluccio’s, Byron and Gourmet Burger Kitchen also closing stores and reducing headcounts to account for losses since last March.
Almost 10,000 licensed premises – including pubs, clubs and restaurants – closed permanently last year as the coronavirus crisis hammered the hospitality sector, according to figures from business advisory firm AlixPartners.
UKHospitality – which regulates the industry – previously said 640,000 jobs were lost during the same period, despite government support, including furlough and business grants, to ease lockdown pain.
The company said 22 restaurants will not reopen once lockdown restrictions are relaxed (Image: Surrey Advertiser)
Almost 10,000 licensed premises – including pubs, clubs and restaurants – closed permanently last year (Image: Empics Entertainment)
Read More
Related Articles
Read More
Related Articles
Cain International, which rescued Prezzo in December, said a pre-pack deal will help secure its long-term future amid “heightened economic uncertainty”.
The owner said the move will protect the vast majority of Prezzo’s 2,900 workforce.
Jonathan Goldstein, chief executive of Cain, said: “We firmly believe that strong hospitality businesses, such as Prezzo, have a bright future and will play an essential role in reviving the UK economy.
“However, to do so, we must get through this current crisis of mounting liabilities and no revenues.
“The lack of visibility on when and how the sector will reopen has heightened economic uncertainty to the point where decisive action had to be taken to secure the future of the business and the majority of jobs for Prezzo’s people.
“We are deeply sorry for all those affected by the permanent closure of the 22 non-viable restaurants.
“It was a difficult, but essential, decision to take but doing so will allow us to save thousands of jobs and create more in the future.”
Full list of Prezzo closures
All of the chain’s 178 restaurants are currently closed to customers in the face of the latest national coronavirus lockdown – but these are the branches that will not reopen
Preston
Swindon
Aberdeen Marishal Sq
Weston Super Mare
Milton Keynes Kingston Centre
Edinburgh
London Marble Arch
Isle of Wight
London Wembley
London Mayfair
Ruislip
Norwich
Birmingham Harbourne
Saffron Waldon
East Dareham
Welwyn
London Chislehurst
London South Woodford
Marlborough
Bridge North

On By marabye

You may also like

Simon Bridges' book might not be an insider’s tell-all, but it reveals what is inside the mind of a politician.

Lets just get the obvious question out of the way. Nationals support has collapsed. The partys leader Judith Collins is...

One Hospital Command personnel's services cover medical concerns that are not only related to COVID-19.

One Hospital Command personnel’s services cover medical concerns that are not only related to COVID-19. At the Laging Handa briefing...

Federal health officials have said about 3 percent of U.S. adults are immunocompromised.

Making such patients eligible for an extra shot, doctors say, is preferable to having worried patients seek out additional inoculations...

Unbeatable Football is what they’re calling it at SuperSport and it’s easy to see why with the new season laced with rivalries, tension, tradition and more storylines than your favourite Hollywood thriller.

{“slug”:”football”,”name”:”Football”,”menu”:[],”topics”:[{“group_name”:”South Africa”,”topics”:[{“name”:”MTN8″,”slug”:”mtn8″,”parent_slug”:”mtn8″,”uri”:null,”hidden_tabs”:[“logs”]},{“name”:”DStv Premiership”,”slug”:”dstv-premiership”,”parent_slug”:”dstv-premiership”,”uri”:null,”hidden_tabs”:[]},{“name”:”GladAfrica Championship”,”slug”:”national-first-division”,”parent_slug”:”national-first-division”,”uri”:null,”hidden_tabs”:[“scorers”]},{“name”:”Bafana”,”slug”:”bafana”,”parent_slug”:”bafana”,”uri”:null,”hidden_tabs”:[“logs”,”top-scorers”]},{“name”:”DStv Diski Challenge Rewired”,”slug”:”dstv-diski-challenge”,”parent_slug”:”dstv-diski-challenge”,”uri”:null,”hidden_tabs”:[“top-scorers”]},{“name”:”Nedbank Cup”,”slug”:”nedbank-cup”,”parent_slug”:”nedbank-cup”,”uri”:null,”hidden_tabs”:[“logs”]},{“name”:”Carling Black Label Cup”,”slug”:”carling-black-label-cup”,”parent_slug”:”carling-black-label-cup”,”uri”:null,”hidden_tabs”:[“logs”,”top-scorers”]}]},{“group_name”:”Europe”,”topics”:[{“name”:”English Community Shield”,”slug”:”community-shield”,”parent_slug”:”community-shield”,”uri”:null,”hidden_tabs”:[“logs”,”top-scorers”]},{“name”:”UEFA Super Cup”,”slug”:”uefa-super-cup”,”parent_slug”:”uefa-super-cup”,”uri”:null,”hidden_tabs”:[“top-scorers”,”logs”]},{“name”:”English Championship”,”slug”:”english-championship”,”parent_slug”:”english-championship”,”uri”:null,”hidden_tabs”:[“top-scorers”]},{“name”:”Premier League”,”slug”:”premier-league”,”parent_slug”:”premier-league”,”uri”:null,”hidden_tabs”:[]},{“name”:”French Ligue 1″,”slug”:”france”,”parent_slug”:”france”,”uri”:null,”hidden_tabs”:[]},{“name”:”Italy Serie...