All Prezzo articles
-
News
Prezzo is in ‘a much stronger place’
Prezzo is in “a much better financial position” following its restructure as well as the ongoing work being carried out to refresh its menu and restaurant estate, chair Jonathan Goldstein tells MCA
-
News
Prezzo sees return to profitability
Profit after tax at the Cain Interational-basked chain was £5.5m for the year ended 31 December 2023, compared to a loss of £31.6m the prior year
-
News
Prezzo 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
-
News
Prezzo 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
-
Interviews
Prezzo: 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
-
News
Dhara 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
-
News
High 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
-
News
HMRC 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
-
News
Prezzo 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
-
News
Prezzo 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
-
Analysis & Insight
Prezzo’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
-
News
Prezzo 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
-
News
Prezzo appoints COO
Andrew Davill has spent the last 30 years at David Lloyd Leisure, and joins to work alongside Prezzo CEO Dean Challenger
-
Opinion
Dominic 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
-
News
Jonathan 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
-
News
Dame 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
-
News
Prezzo builds out senior team
Dean Challenger has been appointed to the role of CEO, having previously served as chief operations officer and finance director
-
News
Video: 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
-
News
Prezzo 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
-
News
Prezzo appoints culinary director
Olly Smith, formerly of Pret, is tasked with increasing investment into Prezzo’s food & beverage offering