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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Jan- 2024 -29 JanuaryFeatures
Franchises in and mid-market out: The year ahead for the restaurant industry
The last year has been a difficult one for the restaurant industry. While the pandemic was tough for a lot of businesses, many managed to hold on to dear life only to go out of business in the years after. This has meant that the market for buying restaurants and…
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Oct- 2023 -31 OctoberFeatures
The evolution of a brand – A fine line to follow
When you think about the world of hospitality in the UK, cast your mind back over the last 20 or so years and remember the brands which have dominated our high streets. Frankie & Benny’s, Pizza Express, Café Rouge, Chiquito, Prezzo, Cote – all names which once would have been…
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Jul- 2023 -17 JulyComment
Loans repayment, inflation, staff shortages: what else we can expect from hospitality insolvencies?
What are the potential reasons for the continued increase in the number of hospitality insolvencies we’ve seen recently? Glyn: I think it goes back to the pandemic. Covid was a big thing for the sector and rightly, both the government and HMRC stepped in to help companies with furlough and…
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May- 2023 -3 MayFeatures
The ‘Market Place’ of Ideas: Reinventing the dining experience
“I think the way the industry is going and where people see casual dining, is completely changing. The fact is now you can go out with a group of friends, and all have the same experience of being somewhere but all have a completely different food and drink experience. I…
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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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