Pizzeria group Three Joes has confirmed the closure of its sites in Chichester and Fareham, citing pressures related to the cost of living crisis.
The Neapolitan pizza concept, founded in 2017, has three remaining locations in Winchester, Lincoln, and Meadowhall.
It said it has struggled to keep its Fareham and Chichester venues viable in the current economic climate.
In June 2023, Sourdough South, operator of Three Joes and pizza concept The Stable, reported revenue of £16m, up from £11m the prior year.
The Tim Hall-led company further reported a loss before tax of £1.3m, compared to a loss of £889,158 the prior year.
A spokesperson for Three Joes said: “We have made the difficult decision to close our Three Joes restaurants in Chichester and Fareham this week. Unfortunately, like many other restaurants in the current cost of living crisis, we have struggled to make these venues viable. We are hugely grateful to our team who have worked so hard and we are talking to them about other opportunities within Three Joes. They have been paid in full and we are in consultation with them. We would like to take this opportunity to thank all our lovely customers of Chichester, Fareham and beyond for their support and kindness. Our other venues continue to go from strength to strength and our nearest Three Joes is in Winchester and is ready to welcome our guests any time should they need a delicious sourdough pizza.”
