Prezzo to close 100 restaurants putting hundreds of jobs at risk

PREZZO has announced that it will close 100 restaurants, putting hundreds of jobs at risk.

The Italian-themed restaurant chain, which is owned by TPG Capital, is preparing to launch a Company Voluntary Arrangement, according to Sky News.

1

Also reportedly in the arrangement in the plan to close the Tex-Mex chain Chimichanga, also owned by the company.

The plan is set to be unveiled in the next few days.

It comes after Toys R Us UK and Maplin were both reported to be going into administration.

Jamie Oliver is also said to be closing 12 of his restaurants, which would see the loss of 450 jobs.

MOST READ IN NEWS

'STAY VIGILANT'

Fears over 'copycat' attack in UK after car ploughs into German Xmas market

SARA SECRECY

Fury as judge prevents Press from naming colleague who put Sara in dad's care

'ATTACKER' HELD

Moment 'doctor from Saudi Arabia' arrested as BMW drives into Xmas Market

COLIN ROBERTSON

Gisele Pelicot case has disturbing link to Lily Phillips' sex with 100 men

We pay for your stories! Do you have a story for The Sun Online news team? Email us at [email protected] or call 0207 782 4368. We pay for videos too. Click here to upload yours.