Prezzo Holdings

Prezzo Holdings Limited
Private
Industry Restaurant
Founded 4 February 2000 (2000-02-04)
Headquarters Woodford Green, Essex, United Kingdom
Key people
 Jon Hendry Pickup (CEO)[1]
Parent TPG Capital
Subsidiaries Chimichanga
Cafe Uno
Prezzo
Cleaver
MEXIco
Website www.prezzorestaurants.co.uk

Prezzo Holdings Limited[1] is a chain restaurant operator in the United Kingdom.

History

In 2014 the company was bought by private equity investment firm TPG Capital for just over £300 million.[2]

On 23 March 2018 Prezzo Holdings announced it was closing the 33 branch Tex-Mex chain Chimichanga, and closing 92 branches of the Prezzo chain, in a company voluntary arrangement (CVA) restructuring which will see rents at 57 other sites reduced between 25% and 50%. The contraction will jeopardise up to 1,800 out of the current 4,500 jobs.[2]

Subsidiaries

It operates using several casual dining brands:[3]

References

  1. 1 2 "PREZZO HOLDINGS LIMITED - Overview". beta.companieshouse.gov.uk. Retrieved 11 October 2017.
  2. 1 2 "Prezzo restaurant chain to close 92 outlets". BBC News. 23 March 2018. Retrieved 23 March 2018.
  3. ↑ "Restaurant group Prezzo to go private?".


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