Prezzo needed a pick up earlier

Prezzo

In what could be the biggest Company Voluntary Arrangement (CVA) the UK’s restaurant sector has experienced, Prezzo is set to shed nearly a third of its estate, including its Chimichanga brand, in a further high profile example of the issues currently impacting the industry. So how did it come to this for a business that sparked a bidding battle and sold for a price that analysts at the time said undervalued it, asks Mark Wingett

 

THIS ARTICLE IS ONLY AVAILABLE TO SUBSCRIBERS

Already have an account? SIGN IN HERE

Gated access promo

Create your free MCA account to get instant access to this premium article.

Learn more about MCA here

Alternatively subscribe for unrestricted access to all content. Contact us for more information enquiries@mca-insight.com