Prezzo to 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
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.
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.
We pay for your stories! Do you have a story for The Sun Online news team? Email us at tips@the-sun.co.uk or call 0207 782 4368. We pay for videos too. Click here to upload yours.