Prezzo Holdings: Difference between revisions
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'''Prezzo Holdings Limited'''<ref name="company-house /> is a chain [[restaurant]] operator in the [[United Kingdom]]. 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> |
'''Prezzo Holdings Limited'''<ref name="company-house /> is a chain [[restaurant]] operator in the [[United Kingdom]]. 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> |
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*Chimichanga |
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*Cafe Uno |
*Cafe Uno |
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*[[Prezzo (restaurant)|Prezzo]] |
*[[Prezzo (restaurant)|Prezzo]] |
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*Cleaver |
*Cleaver |
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*MEXIco |
*MEXIco |
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In 2014 the company was bought by private equity investment firm [[TPG Capital]] for just over £300 million.<ref name=bbc-20180323/> |
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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=http://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> |
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==References== |
==References== |
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Revision as of 14:17, 23 March 2018
| File:Prezzo.gif | |
| Company type | Private |
|---|---|
| Industry | Restaurant |
| Founded | 4 February 2000 |
| Headquarters | , |
Key people | Jon Hendry Pickup (CEO)[1] |
| Parent | TPG Capital |
| Subsidiaries | Chimichanga Cafe Uno Prezzo Cleaver MEXIco |
| Website | www |
Prezzo Holdings Limited[1] is a chain restaurant operator in the United Kingdom. It operates using several casual dining brands:[2]
- Cafe Uno
- Prezzo
- Cleaver
- MEXIco
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 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.[3]
References
- ^ a b "PREZZO HOLDINGS LIMITED - Overview". beta.companieshouse.gov.uk. Retrieved 11 October 2017.
- ^ "Restaurant group Prezzo to go private?".
- ^ a b "Prezzo restaurant chain to close 92 outlets". BBC News. 23 March 2018. Retrieved 23 March 2018.
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