All Prezzo articles
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NewsPrezzo returns to profitability in 2023
In April 2023, the business took the decision to reduce it restaurant estate down to 97 sites which were profitable and capable of delivering sustainable growth
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NewsPrezzo plans takeaway pasta brand
The Cain International-backed chain wants to launch a new premium food to go brand in travel hubs, The Telegraph reports
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InterviewsPrezzo: We were stagnant and lacking differentiation
Following the Italian casual dining brand’s latest restructure earlier this year, chief brand officer Olly Smith speaks to MCA about nurturing a self-sustainable, profitable estate, with an evolved strategy including a retail range and revamped food offer
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NewsDhara Stead joins Pure as finance director
The former head of commercial finance at Prezzo has been appointed finance director at the London-based food to go chain
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NewsHigh Court approves Prezzo restructuring plan
The Italian group is focused on supporting sustainable, long-term growth ambitions for its 97 restaurants, with an investment in new menus and talent
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NewsHMRC objects to Prezzo restructuring plan
The tax authority argues the Italian chain, which is backed by the owners of Chelsea FC, is using the process to avoid paying due tax, Bloomberg reports
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NewsPrezzo tells creditors to swallow a slice of its £70m liabilities
The Italian chain is facing liabilities totalling £70 million as a result of losses sustained by the 47 unprofitable restaurants it closed last month, The Times reports
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NewsPrezzo braces for landlord showdown over restaurant closures
Prezzo’s restructuring plan will be voted on by creditors later this month after it announced the closure of a third of its 143 sites, Sky News reports
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Analysis & InsightPrezzo’s painful decline
As the Italian casual dining chain axes another 46 restaurants, MCA examines how the once leading player on the high street has fallen victim to changing consumer tastes and a middle market squeezed by rising costs and inflation
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NewsPrezzo to close 46 restaurants
The latest restrcuture at the Italian causual dining chain will leave it with 97 restaurants, and more than 800 staff affected
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NewsPrezzo appoints COO
Andrew Davill has spent the last 30 years at David Lloyd Leisure, and joins to work alongside Prezzo CEO Dean Challenger
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OpinionDominic Walsh: First class decision by Whitbread
Dominic Walsh takes a look at the illustrious career of Dame Karen Jones and the experience she will bring to the Whitbread board
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NewsJonathan Goldstein: ‘The chancellor needs to give confidence to the marketplace’
The Cain International CEO and chairman of Prezzo discussed the steps the government should take to foster growth
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NewsDame Karen Jones to step down from Prezzo
Jones, who was appointed executive chair in 2018, will continue to work with the Italian casual dining brand as a special advisor
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NewsPrezzo builds out senior team
Dean Challenger has been appointed to the role of CEO, having previously served as chief operations officer and finance director
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NewsVideo: Retailers’ Retailer Awards 2022
Watch highlights from MCA’s prestigious annual awards held at The Guildhall last month, where leaders of the sector came together to celebrate for the first time in three years
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NewsPrezzo 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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NewsPrezzo appoints culinary director
Olly Smith, formerly of Pret, is tasked with increasing investment into Prezzo’s food & beverage offering
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NewsPrezzo 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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NewsPrezzo 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.