The Italian restaurant chain, Prezzo, announced on Monday that it plans to close 46 outlets in the United Kingdom, putting 810 jobs at risk. Prezzo said its utility bills had more than doubled in a year, while the cost of spaghetti had risen by 40%. The chain opened its first restaurant in 2000 in central London, eventually growing to have 300 restaurants and 4,500 staff across the UK. The remaining Prezzo sites will be positioned away from hard-pressed high streets in locations that are still attracting visitors, such as shopping centres, retail parks, tourist destinations, and travel hubs. With these changes, the hospitality chain will be left with 97 restaurants and approximately 2,000 staff.

Source: The Guardian April 25, 2023 02:18 UTC