Prezzo

Prezzo returns to profitability following restructure

18-Mar-2024 By James McAllister

Prezzo has returned to profitability following a restructure of its business that saw it close nearly a third of its estate last year.

Prezzo plots move into QSR with takeaway pasta concept

15-Jan-2024 By James McAllister

Prezzo is plotting a move in the QSR market with the development of a takeaway pasta concept that will have branches in UK train stations.

Prezzo restructuring approved by High Court

05-Jul-2023 By James McAllister

Prezzo’s restructuring plan, which saw it close nearly a third of its estate earlier this year, has been approved by High Court, marking the end of the group’s ‘strategic reshaping’.

Prezzo appoints new CFO in ‘final chapter’ of strategic review

15-Jun-2023 By James McAllister

Prezzo has appointed Jo Harrison as its chief financial officer, marking ‘the final chapter’ of a strategic review that recently saw the group shutter nearly a third of its estate.

Prezzo warns creditors it would ‘likely enter administration’ without restructuring plan

10-May-2023 By James McAllister

Prezzo has warned creditors that it would ‘likely enter into administration’ should its recently announced restructuring plan, which will see nearly a third of its estate closed, not be implemented.

Prezzo set to shutter nearly a third of its estate with 810 jobs at risk

24-Apr-2023 By James McAllister

Prezzo has announced the closure of 46 loss-making sites across the country following a strategic review of the business, putting more than 800 staff at risk.

Prezzo posts significant loss despite strong H2 performance

04-Apr-2023 By Georgi Gyton

Prezzo reports that it returned to profitability during the second half of its FY21/22 financial year, with revenues for the full year to 2 January 2022 of £94.9m.

Dame Karen Jones to step down as Prezzo executive chair

21-Sep-2022 By James McAllister

Dame Karen Jones is to step down as executive chair of Italian casual dining chain Prezzo after four years in the role.

Prezzo chair Karen Jones named Retailers’ Retailer of the Year.

24-Mar-2022 By Restaurant

Nando’s, Dishoom and Leon were among the winners at this year's Retailers’ Retailer Awards 2022 with Prezzo chair Karen Jones taking home the top accolade of Retailers’ Retailer of the Year.

Friday five: the week's top news stories

24-Sep-2021 By Restaurant

This week's main hospitality news stories include Prezzo giving its staff a pay rise, new tipping legislation, and Italian delicatessen and restaurant brand Lina Stores' expansion in London.

Prezzo ups wages amid recruitment struggle

20-Sep-2021 By James McAllister

Casual dining brand Prezzo is the latest hospitality operator to announce a pay increase for staff, as businesses continue to struggle with recruitment.

Prezzo to open first new restaurant in three years

07-Jun-2021 By Restaurant

Italian restaurant chain Prezzo will open its first restaurant since 2018, in Islington.

Prezzo to close 22 restaurants with 216 jobs lost in pre-pack deal

10-Feb-2021 By James McAllister

Italian casual dining chain Prezzo is to permanently close 22 restaurants after being bought out of pre-pack administration by private investment firm Cain International.

Prezzo owner mulls insolvency options for Italian chain amid landlord discussions over rent arrears

08-Feb-2021 By James McAllister

The owner of Prezzo is exploring whether to put the Italian casual dining chain through an insolvency process amid continued uncertainty about the industry’s reopening timetable.

Prezzo's Karen Jones to represent hospitality on Government’s Build Back Better Council

19-Jan-2021 By Restaurant

Prezzo executive chair Karen Jones has been appointed to represent hospitality on the Government’s new Build Back Better Council.

Prezzo bought by real estate investment firm Cain International

02-Dec-2020 By Restaurant

Casual dining chain Prezzo has been acquired by private investment firm Cain International in a bid to create the ‘UK’s favourite Italian restaurant group’.