Prezzo Holdings
(Redirected from Prezzo (group))
 | |
| Formerly |
|
|---|---|
| Company type | Private |
| Industry | Restaurant |
| Founded | 4 February 2000 |
| Defunct | 15 May 2023 |
| Headquarters | , United Kingdom |
Key people | Jon Hendry Pickup (CEO)[1] |
| Parent | TPG Capital |
| Subsidiaries | Chimichanga Cafe Uno Prezzo Cleaver MEXIco |
| Website | prezzo |
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]
- Chimichanga
- Caffè Uno (previously owned by Paramount Restaurants)
- Prezzo
- Cleaver
- MEXIco
References[edit]
- ^ a b "PREZZO HOLDINGS LIMITED - Overview". beta.companieshouse.gov.uk. Retrieved 11 October 2017.
- ^ "PRZ REALISATIONS (2) LIMITED overview - Find and update company information - GOV.UK". Companies House. 23 October 2014. Retrieved 3 August 2023.
- ^ a b "Prezzo restaurant chain to close 92 outlets". BBC News. 23 March 2018. Retrieved 23 March 2018.
- ^ "Restaurant group Prezzo to go private?". 7 May 2008.
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