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Prezzo set to put 100 restaurants on the chopping board this week

Mar 01, 2018 - City A.M.

PREZZO has become the latest restaurant chain to fall victim to the casual dining crunch, as it prepares to close 100 sites.

The company is understood to have enacted the closure plan as it prepares for a company voluntary arrangement (CVA). Some 100 restaurants will be shuttered, including the entirety of the group's Mexican brand Chimichanga, while rent reductions will be tabled as part of the CVA. Sky News yesterday reported that the chain will enter the CVA within the next few days. Th...