Prezzo
Coverage tracks the trading performance, estate strategy, and brand repositioning of one of the UK’s longest-standing Italian casual dining chains. Reporting includes restaurant closures, CVA processes, delivery and takeaway development, new menu formats, pricing strategy, and brand updates under current ownership. Insight is tailored for operators and suppliers monitoring mid-market high street dining, turnaround plans, and consumer appetite for affordable, family-friendly Italian concepts.
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Apr- 2023 -24 AprilNews
Prezzo to shut down 46 restaurants
Italian restaurant chain Prezzo has announced a strategic review of its business that will see the closure of 46 of its sites. The move will affect more than 800 workers who will risk redundancy, although the company said that it will try to “redeploy as many staff internally as possible…
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5 AprilNews
Prezzo returns to profit in FY results
Nationwide Italian restaurant group Prezzo saw a return to profitability following the removal of all covid restrictions, according to the group’s FY report for the period from 21 January 2021 to 2 January 2022. Through the first half of 2021, Prezzo, along with the whole of the hospitality sector, traded…
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Feb- 2022 -9 FebruaryCatering Companies
Big Table Group names new HR director
The Big Table Group, operator of Las Iguanas, Bella Italia and Cafe Rouge, has appointed Debbie Moore as the company’s new HR director. Moore, who will start on February 15, has more than 25 years’ experience in senior HR positions in retail and hospitality, having worked as head of HR…
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Jan- 2022 -10 JanuaryBusiness
UK restaurant groups see losses increase 174% to £673m
Losses at the the top 100 UK restaurant groups increased by 174% last year to £673m, up from a loss of £246m in September 2020, revealed UHY Hacker Young. Lost sales reportedly cost the hospitality sector around £200m a day during lockdown, with restaurants continuing to incur “substantial” costs such…
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Oct- 2021 -1 OctoberRestaurants
Government assembles Hospitality Sector Council
The UK Government has assembled a team of hospitality professionals to “help England’s pubs, restaurants and cafes to thrive”, business minister Paul Scully has announced. The Hospitality Sector Council will identify and oversee actions related to the 22 commitments in the strategy, aiming to “create sensible solutions using their expert knowledge and assess the strength of the sector”. The council…
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Aug- 2021 -27 AugustPeople
Prezzo announces raft of senior appointments
Prezzo has announced the appointment of Matt Prior as its new chief financial officer (CFO) and Deborah Moore as people director. The group said the latest appointments reflect Prezzo’s “general strengthening of capability, the energy generated by plans for the future, our current trading and the support of Cain International,…
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Apr- 2021 -28 AprilPeople
Prezzo chair to join Deliveroo’s board
Deliveroo has appointed Prezzo executive chair Karen Jones and former Coca-Cola Europe chief executive Dominique Reiniche to its board as non-executive directors. Jones will join the delivery apps board as the chair of the remuneration committee and as a member of the audit committee. Alongside her executive role at Italian…
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26 AprilRestaurants
Prezzo joins UberEats
UberEats has announced that Prezzo is now available to order via its delivery app. Prezzo will be available on the app from today, across 80 locations nationwide including London, Scotland and Manchester. The partnership also plans to roll out to more locations by the end of April. Prezzo has 152…
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Feb- 2021 -12 FebruaryComment
Helping employers create a recipe for resilience
According to statistics from the HSE, stress, depression or anxiety accounted for 55% of all working days lost due to work-related ill health in 2019/20; some 17.9 million lost working days. Worryingly this report was published in November 2020 featuring pre-pandemic data. We’re all now navigating a whole new set…
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Jan- 2021 -19 JanuaryRestaurants
Prezzo’s chair joins Build Back Better Council
Karen Jones, the executive chair of Prezzo, will represent the hospitality industry on the government’s new Build Back Better Council. The new business council will be co-chaired by the prime minister and chancellor, with the business secretary as a standing member and other cabinet ministers attending as required. Jones is…
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