Family favourite restaurant to close 46 branches
A FAMILY favourite restaurant chain is to close 46 branches after being hit hard by soaring energy and food costs.
Prezzo, the Italian restaurant chain, has said about 810 workers are at risk of redundancy as part of the overhaul.The shake-up will leave the hospitality chain with 97 restaurants and about 2,000 staff.Instead, the chain will focus on its branches in locations such as shopping centres, retail parks and tourist destinations.Prezzo said it will work to redeploy “as many staff internally as possible” and will support others in new opportunities.
The restaurant group said costs have leapt over the past year, with its utility bills more than doubling,Prezzo said it saw a 40% increase in the cost of spaghetti, 28% rise for pizza sauce and 15% increase in the cost of its dough balls.
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