Prezzo Holdings
Prezzo Holdings Limited[1] is a chain restaurant operator in the United Kingdom.
 | |
| Private | |
| Industry | Restaurant |
| Founded | 4 February 2000 |
| Headquarters | , |
Key people | Jon Hendry Pickup (CEO)[1] |
| Parent | TPG Capital |
| Subsidiaries | Chimichanga Cafe Uno Prezzo Cleaver MEXIco |
| Website | www |
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 whereby rents at 57 other sites were to be reduced by between 25% and 50%. The contraction jeopardised up to 1,800 out of the 4,500 jobs at the time.[2]
Subsidiaries
It operates using several casual dining brands:[3]
- Chimichanga
- Caffè Uno (previously owned by Paramount Restaurants)
- Prezzo
- Cleaver
- MEXIco
References
- "PREZZO HOLDINGS LIMITED - Overview". beta.companieshouse.gov.uk. Retrieved 11 October 2017.
- "Prezzo restaurant chain to close 92 outlets". BBC News. 23 March 2018. Retrieved 23 March 2018.
- "Restaurant group Prezzo to go private?".
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.