Prezzo to open first new restaurant in three years
The restaurant will also be the first opening under Prezzo’s new ownership following the purchase of the group out of pre-pack administration by Cain International at the end of last year.
It will be located at Cain’s Islington Square development, in the South Arcade and is due to open this summer.
The 4,319sq ft restaurant will be the first to feature Prezzo’s new energy-efficient kitchen plan that the company says will increase the energy efficiency of its cooking by 47% and reduce CO2 emissions by up to 75%, making it the most environmentally-friendly Prezzo yet.
"It is truly exciting to be opening a new Prezzo restaurant. The new Prezzo Islington will be the greenest Prezzo to date and will serve as a test bed for sustainability initiatives that we can roll out across all our restaurants,” says Prezzo executive chair Karen Jones.
“The location of the restaurant in Cain’s Islington Square development demonstrates the ambition of Prezzo’s partnership with Cain and the confidence both companies share in the resilience of the British High Street.”
Prezzo, which was acquired by Cain International in December 2020, will also be moving its Restaurant Support Centre to the development.
“As we emerge from the restrictions of lockdown and enjoy increasing freedom to socialise, we are confident that Prezzo will benefit from the pent-up demand for hospitality-driven experiences,” says Jonathan Goldstein, chief executive at Cain International.
“Islington is an iconic destination for retail, culture and dining in London, making it the perfect location for Prezzo’s headquarters and a new restaurant location. There is an exciting pipeline of opportunities ahead for the team and we look forward to introducing the Prezzo brand to a new market, as well as continuing to work closely with Karen and her team as we re-open sites across the UK.”
Prezzo closed 22 of is restaurants at the start of the year as a result of the pre-pack administration.
