Italian food chain Prezzo to close 46 restaurants with 810 jobs at risk
Prezzo has announced plans to close down 46 of its restaurants in the UK as part of a business overhaul - leaving 810 jobs at risk of being axed. The Italian food chain said the decision was made due to rising costs and changes in diners' habits.
As reported by the Mirror, the chain says the cost of spaghetti has gone up 40 per cent, pizza sauce by 28 per cent and its dough balls by 15 per cent. It comes as Prezzo has admitted its "post-Covid recovery has proved harder than we had hoped”.Sites that will be shutting its doors to the public include areas where footfall is still below pre-pandemic levels. While ones that will stay open, are mostly located in much busier shopping areas, including retail parks or tourist hot spots.
In a statement, Dean Challenger, chief executive of Prezzo, said: “The last three years have been some of the hardest times I have ever seen for the high street and I’m extremely proud of the way our colleagues have retained Prezzo’s position as an appealing, trusted, great value food and drink experience.
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