Prezzo

The restaurant chain fell short of going into administration by entering into a company voluntary arrangement to enable the business to survive. The closures will allow the chain to exit unprofitable branches and save on rent, as well as paying off creditors over a fixed period.

• Administrators: N/A. Entered into CVA
• Year Founded: 2000
• Total Number of Employees: 4,500
• Total Number of Jobs Lost: 500
• Number of Retail Shops: 94 close | 200 remain open
• Managing Director/CEO: Jon Hendry Pickup

1. 2018