All Prezzo articles – Page 2
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News
Prezzo vacated 30 sites after pre-pack
The majority of the business was sold in February 2021 to a vehicle owned by Cain International for £5.04m in a pre-pack administration
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Prezzo appoints culinary director
Olly Smith, formerly of Pret, is tasked with increasing investment into Prezzo’s food & beverage offering
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Prezzo announces 4% pay increase and Boxing Day closure
Prezzo’s 2,500 restaurant team members will receive a minimum 4% pay rise in October; this increase will also apply to new joiners, with managers benefiting from a greater rise in pay.
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Prezzo announces series of new appointments
Prezzo has announced a number of new senior appointments, with Matt Prior named as its new chief financial officer, and Dean Challenger promoted to chief operating officer.
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Prezzo to open first new restaurant in three years
Prezzo is to open a new restaurant within owner Cain International’s Islington Square development in North London – its first opening since 2018, with more in the pipeline.
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Karen Jones joins Deliveroo board
Prezzo’s executive chair Karen Jones has been appointed to Deliveroo’s board as a non-executive director (NED).
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Prezzo signs up with Uber Eats
Prezzo has signed up with Uber Eats to deliver food from 80 of its UK locations, with plans to expand the partnership further before the end of the month.
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Prezzo to close 22 sites as future secured with Cain subsidiary
Prezzo has been acquired by investment firm Cain International in a pre-pack administration, with 22 sites to close permanently.
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Karen Jones appointed hospitality representative on new Business Council
Karen Jones, current chair at Prezzo, Mowgli and Hawksmoor, has been appointed to represent hospitality on the Government’s new Build Back Better Council.
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Prezzo acquired by Cain International
Private equity firm Cain International has acquired Prezzo from previous owners TPG as a going concern.
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News
Karen Jones: Why is it so important that hospitality wholeheartedly supports NHS Test and Trace?
So it’s a Bank Holiday weekend, pay day for many and the last EOTHO on Bank Holiday Monday. Many of our restaurants and pubs across the UK will be very busy and it seems an opportune moment to remind ourselves of the vital importance of all our places fully supporting NHS Test and Trace. Why is it so important that hospitality wholeheartedly supports NHS Test and Trace? Because hospitality offers safe spaces for people to enjoy being with friends and family. Because we are often at the centre of our communities and high streets. We have a real responsibility to keep our customers, our teams and our communities safe and well. NHS Test and Trace is a powerful way to do just that: collecting and providing the information to help break the chain of transmission and control the virus.
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News
Operators self-fund Eat Out extension
Several operators are extending the Eat Out to Help Out discount into September, funding the cost themselves.
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News
Karen Jones calls on industry to support track and trace
Karen Jones has called on the hospitality industry to “wholeheartedly support” the NHS Test and Trace initiative. Jones said hospitality has a “real responsibility to keep our customers, our teams and our communities safe and well. NHS Test and Trace is a powerful way to do just that, collecting and providing the information to help break the chain of transmission and control the virus. “It takes minutes. It helps to save lives and stop further lockdowns. It shows our people and our customers that we are professional, proactive and caring.” She also told MCA it was vital the government could see hospitality supporting it, saying: “Government will see us as an industry worth supporting because we in turn wholeheartedly support government initiatives.”
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News
Fulham Shore chairman David Page: ‘Crises create opportunities’
The outlook for many in casual dining may appear bleak, but as in any crisis, there will be plenty of opportunities for its survivors, Fulham Shore chairman David Page has said. Speaking at MCA’s The Conversation, Page turned to his own experience as an industry veteran to reassure operators that with the right concept and the right team, the post-coronavirus fallout could be beneficial to them in the long-term.
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Opinion
Dominic Walsh: On not-so-Super Saturday and the pain that’s yet to come
If anyone thought that July 4 would bring down the curtain on the 15-week coronavirus purdah, they were soon disabused of the notion. Super Saturday was – like the weather – something of a damp squib. While some of the big pub companies opened as many as 80% to 85% of their estates on day one, research by CGA suggests that only 45% of hostelries opened their doors on Independence Day.
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News
Prezzo details phased reopening
Prezzo has confirmed details of its phased reopening plan, with eight restaurants to open tomorrow, with a further 27 following throughout July.
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Prezzo announces phased reopening plans
Prezzo will have 20 of its restaurants reopened by the end of next week, with eight due to open on 4 July.
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CDG in restructuring talks
Causal Dining Group is in talks with advisory firm Alixpartners about a financial restructuring to secure the business through the coronavirus crisis.