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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Aug- 2019 -21 AugustAdvice
Five ways restaurateurs can use digital marketing to survive the high street turbulence
Looking at the high street restaurant scene at the moment, it is easy to feel pessimistic. Jamie’s Italian became the latest popular British restaurant chain forced to shut its doors for good when it announced the closure of 23 of its 25 restaurants. Since 2018, Carluccio’s has closed nearly a…
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13 AugustAnalysis
Spotlight: Restaurant chains defying the high street downturn
Pizza Express Pizza Express has been a mainstay on the UK highstreet since it was founded in 1965. In spite of a fairly saturated Italian dining scene the brand has maintained its presence where a majority of its competitors have struggled, including Jamie’s Italian, Prezzo and Carluccio’s. One of the…
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Jul- 2019 -29 JulyAdvice
How to keep ahead of the competition with flexible funding
Our most recent data tells us that there has been a 100% increase in the use of merchant cash advances by independent restaurants so far in 2019. This is purely due to restaurants and pubs striving to keep ahead of the competition and grow their businesses while many chain restaurants…
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Jun- 2019 -10 JuneBusiness
15 of the top 20 UK restaurant companies ‘cannot cover debts’
According to research by accountancy group UHY Hacker Young, 15 of the top 20 UK restaurant companies do not have enough cash to cover their debts falling due in the next year. An analysis of the short term liabilities and assets of the UK’s top 20 restaurant companies reveals that,…
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May- 2019 -3 MayRestaurants
Ping Pong to sell off last shopping centre sites
Dim sum restaurant chain Ping Pong is to sell its two outlets at Westfield London and Wembley Designer Outlet Village, the remaining of its shopping centre located restaurants. Leisure property specialists Davis Coffer Lyons has been instructed to dispose of the leasehold interest in the sites. The Westfield unit is…
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Feb- 2019 -12 FebruaryPubs and Bars
Historic 700-year-old pub The Turks Head to reopen
A historic 700-year-old Exeter pub is to be reopened by Clive Watson’s City Pub Group. The Grade II-listed Turks Head is well-known for being frequented by Charles Dickens, however locals were worried its purpose as a pub had gone for good, when in 2005 Prezzo opened a restaurant on the…
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Jan- 2019 -2 JanuaryRestaurants
10,000 restaurant jobs lost in 2018 with more expected
The casual dining crunch saw 30 people a day lose their jobs during 2018 through administrations, CVAs and rationalisation a study by the Centre for Retail Research (CRR) has revealed. Gourmet Burger Kitchen, Carluccios, Prezzo, Chimichanga, Byron and Jamie’s Italian were amongst the big name restaurant chains that closed outlets…
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Nov- 2018 -13 NovemberBusiness
EU rules could ‘thwart’ Hammond’s business rates promise
Hammond’s plan to help high streets through a near £1bn, two year business rates cut, is set to be thwarted by European Union state aid rules, real estate agents Altus Group have claimed. The chancellor will slash business rates next April by discounting bills by a third for those retail…
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Oct- 2018 -29 OctoberBusiness
Profits at top 100 UK restaurant groups plunge 80% to £37m in a year
The total pre-tax profits at the UK’s top 100 restaurants have plummeted by 80% in the last year to £37m, down from £194m 12 months ago according to accounting firm UHY Hacker Young. The drop means that pre-tax profits at the UK’s top 100 restaurant groups have fallen 89% from…
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1 OctoberGovernment
Restaurants and bars to be banned from taking employees’ tips
New legislation banning restaurant bosses from deducting or keeping employee tips is set to come into force, Theresa May has announced. Speaking at the Conservative Conference today (1 October), the prime minister named high street chains Prezzo, Strada and Zizzi as some of the worst offending restaurants for taking staff…
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