A number of our favourite foodie spots are closing stores this year.
A number of popular chains are making changes to their locations. The end of 2023 saw the number of restaurants closing in the UK hit a quarterly high, as 514 eateries shut their doors for good. And it’s not just independent businesses that have been hit hard by inflation, rising interest rates, no-show customers, and the cost of living crisis — some of the big name brands have also been experiencing tough times.
‘We believe the tough decisions we are making today will ensure Prezzo can continue serving communities with high-quality, accessible Italian-inspired meals for many more years to come.’ However, another Prezzo restaurant has since closed in London in February 2024. The Islington branch, which was located below the company’s HQ, opened in 2021 and had acted as a training centre, event space and development kitchen, as well as a restaurant.
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