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.
-
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
Dec- 2020 -3 DecemberBusiness
Cain International snaps up Prezzo
Italian restaurant chain Prezzo has been acquired by the privately held investment firm, Cain International, for an undisclosed fee. A self-proclaimed “long-term investor”, Cain’s existing portfolio in the hospitality industry includes Swingers, Maslow’s Group, and The AllBright. While the sector is currently enduring a difficult period, the investment firm said…
Read More » -
Apr- 2020 -27 AprilCoronavirus
Prezzo enables early access to furlough pay
Prezzo is now offering income streaming to its 3,000 employees to enable early access to furlough pay amid the ongoing pandemic. The income streaming will allow workers early access to accrued pay, and provider Wagestream has also extended its service to cover furlough pay from the government during the crisis. …
Read More » -
Mar- 2020 -20 MarchRestaurants
TGI Friday’s announces temporary closure amid Covid-19 virus outbreak
American-style diner TGI Friday’s has announced it is to temporarily close all its UK restaurants from 9pm tomorrow (21 March) amid the recent outbreak of the Covid-19 virus outbreak. The news follows the government warning the public to practice social distancing to prevent the virus spreading. TGI released a statement…
Read More » -
Oct- 2019 -24 OctoberComment
Pizza Express: how to keep pizza on the menu and on the High Street
Recent news that Pizza Express, is engaging in ‘debt talks’ has sparked fears that it could be the next company to disappear from the high street. Will it be possible to turn the company’s fortunes around? In a sector as fast-moving as the UK restaurant industry, even small changes can…
Read More » -
8 OctoberRestaurants
Fears over Pizza Express restaurants as debt talks emerge
Pizza Express has reportedly hired advisors to help its debt situation, sparking fears that it could be the next chain to collapse. According to Pizza Express’ latest annual report, the 470-store pizza chain restaurant finished last year with a £1.12bn debt after a pre-tax loss of £55m. The pizza chain’s…
Read More » -
1 OctoberAdvice
Understanding restaurant CVAs and closures
As recently reported by Catering Today, the number of restaurant insolvencies has risen by 25% in the past 12 months. This news came within weeks of 23-site restaurant chain Abokado announcing it was entering into a Company Voluntary Arrangement (CVA) and follows a general trend of high-profile closures throughout the…
Read More »
