Now Italian chain Prezzo is in trouble
Italian restaurant chain Prezzo which runs 17 eateries across the North West is planning to close about 100 of its 300 restaurants.
The chain is owned by private equity company TPG Capital – for which it paid £300m in 2014- and employs 4,500 staff.
Prezzo’s Chimichanga TexMex chain, which has 33 restaurants in the UK is also to close completely.
According to the BBC News, the closures would form part of a deal to renegotiate debts owed by Prezzo to its landlords.
Restructuring company AlixPartners is said to be drawin... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
