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{{Use dmy dates|date=April 2022}}
{{Infobox company
{{Infobox company
| name = Prezzo Holdings Limited
| name = Prz Realisations (2) Limited
| logo = Prezzo Logo.svg
| logo = Prezzo Logo.svg
| former_name = {{Ubl
⚫
| type = [[Privately held company|Private]]
| Papa Bidco Limited (2014–2015)
⚫
| foundation = {{Start date and age|2000|02|04|df=y}}
| Prezzo Holdings Limited (2015–2021)
⚫
| location_city = [[Woodford Green]], [[Essex]]
}}
⚫
| location_country = [[United Kingdom]]
⚫
| type = [[Privately held company|Private]]
⚫
| key_people = Jon Hendry Pickup ([[Chief executive officer|CEO]])<ref name="company-house">{{cite web|title=PREZZO HOLDINGS LIMITED - Overview|url=https://beta.companieshouse.gov.uk/company/09278104|website=beta.companieshouse.gov.uk|accessdate=11 October 2017|language=en}}</ref>
⚫
| foundation = {{Start date and age|2000|02|04|df=y}}
⚫
| industry = [[Restaurant]]
| defunct = {{End date|2023|05|15|df=y}}
| products =
⚫
| location_city = [[Woodford Green]], [[Essex]]
⚫
| revenue =
⚫
| location_country = United Kingdom
⚫
| operating_income =
⚫
| key_people = Jon Hendry Pickup ([[Chief executive officer|CEO]])<ref name="company-house">{{cite web|title=PREZZO HOLDINGS LIMITED - Overview|url=https://beta.companieshouse.gov.uk/company/09278104|website=beta.companieshouse.gov.uk|accessdate=11 October 2017|language=en}}</ref>
⚫
| net_income =
⚫
| industry = [[Restaurant]]
| owner =
| num_employees =
| products =
⚫
| revenue =
⚫
| parent = [[TPG Capital]]
⚫
| operating_income =
⚫
| subsid = Chimichanga<br>Cafe Uno<br>[[Prezzo (restaurant)|Prezzo]]<br>Cleaver<br>MEXIco
⚫
| net_income =
⚫
| homepage = {{URL|http://www.prezzorestaurants.co.uk}}
| footnotes =
| owner =
| num_employees =
⚫
| parent = [[TPG Capital]]
⚫
| subsid = Chimichanga<br />Cafe Uno<br />[[Prezzo (restaurant)|Prezzo]]<br />Cleaver<br />MEXIco
⚫
| homepage = {{URL|prezzo.co.uk}}
| footnotes =
}}
}}


'''Prezzo Holdings Limited'''<ref name="company-house"/> is a chain [[restaurant]] operator in the [[United Kingdom]].
'''Prz Realisations (2) Limited'''<ref>{{Cite web |date=2014-10-23 |title=PRZ REALISATIONS (2) LIMITED overview - Find and update company information - GOV.UK |url=https://find-and-update.company-information.service.gov.uk/company/09278104 |access-date=2023-08-03 |website=[[Companies House]] |language=en}}</ref> is a chain [[restaurant]] operator in the United Kingdom.<ref name="company-house" />


==History==
==History==
In 2014 the company was bought by private equity investment firm [[TPG Capital]] for just over £300 million.<ref name=bbc-20180323/>
In 2014 the company was bought by private equity investment firm [[TPG Capital]] for just over £300 million.<ref name=bbc-20180323/>


On 23 March 2018 Prezzo Holdings announced it was closing the 33 branch [[Tex-Mex]] chain Chimichanga, and closing 92 branches of the [[Prezzo (restaurant)|Prezzo]] chain, in a [[company voluntary arrangement]] (CVA) restructuring which will see rents at 57 other sites reduced between 25% and 50%. The contraction will jeopardise up to 1,800 out of the current 4,500 jobs.<ref name=bbc-20180323>{{cite news |url=https://www.bbc.co.uk/news/business-43515133 |title=Prezzo restaurant chain to close 92 outlets |work=BBC News |date=23 March 2018 |accessdate=23 March 2018}}</ref>
On 23 March 2018 Prezzo Holdings announced it was closing the 33 branch [[Tex-Mex]] chain Chimichanga, and closing 92 branches of the [[Prezzo (restaurant)|Prezzo]] chain, in a [[company voluntary arrangement]] (CVA) restructuring whereby rents at 57 other sites were to be reduced by between 25% and 50%. The contraction jeopardised up to 1,800 out of the 4,500 jobs at the time.<ref name=bbc-20180323>{{cite news |url=https://www.bbc.co.uk/news/business-43515133 |title=Prezzo restaurant chain to close 92 outlets |work=BBC News |date=23 March 2018 |accessdate=23 March 2018}}</ref>


==Subsidiaries==
==Subsidiaries==
It operates using several [[Types of restaurant#Casual dining|casual dining]] brands:<ref>{{cite web| url=http://www.caterersearch.com/Articles/2008/05/07/320719/Restaurant-group-Prezzo-to-go-private.htm |title=Restaurant group Prezzo to go private?}}</ref>
It operates using several [[Types of restaurant#Casual dining|casual dining]] brands:<ref>{{cite web| url=http://www.caterersearch.com/Articles/2008/05/07/320719/Restaurant-group-Prezzo-to-go-private.htm |title=Restaurant group Prezzo to go private?|date=7 May 2008 }}</ref>


* Chimichanga
* Chimichanga
Line 39: Line 45:
{{reflist}}
{{reflist}}


[[Category:Restaurant groups in the United Kingdom]]
[[Category:Restaurant chains in the United Kingdom]]




Latest revision as of 10:10, 6 March 2024

Prz Realisations (2) Limited
Formerly
  • Papa Bidco Limited (2014–2015)
  • Prezzo Holdings Limited (2015–2021)
Company typePrivate
IndustryRestaurant
Founded4 February 2000; 24 years ago (2000-02-04)
Defunct15 May 2023 (2023-05-15)
Headquarters
Woodford Green, Essex
,
United Kingdom
Key people
Jon Hendry Pickup (CEO)[1]
ParentTPG Capital
SubsidiariesChimichanga
Cafe Uno
Prezzo
Cleaver
MEXIco
Websiteprezzo.co.uk

Prz Realisations (2) Limited[2] is a chain restaurant operator in the United Kingdom.[1]

History

[edit]

In 2014 the company was bought by private equity investment firm TPG Capital for just over £300 million.[3]

On 23 March 2018 Prezzo Holdings announced it was closing the 33 branch Tex-Mex chain Chimichanga, and closing 92 branches of the Prezzo chain, in a company voluntary arrangement (CVA) restructuring whereby rents at 57 other sites were to be reduced by between 25% and 50%. The contraction jeopardised up to 1,800 out of the 4,500 jobs at the time.[3]

Subsidiaries

[edit]

It operates using several casual dining brands:[4]

References

[edit]
  1. ^ a b "PREZZO HOLDINGS LIMITED - Overview". beta.companieshouse.gov.uk. Retrieved 11 October 2017.
  2. ^ "PRZ REALISATIONS (2) LIMITED overview - Find and update company information - GOV.UK". Companies House. 23 October 2014. Retrieved 3 August 2023.
  3. ^ a b "Prezzo restaurant chain to close 92 outlets". BBC News. 23 March 2018. Retrieved 23 March 2018.
  4. ^ "Restaurant group Prezzo to go private?". 7 May 2008.


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