Azzurri latest to announce closures after rescue deal

The Azzurri Group has been acquired by TowerBrook Capital Partners via a pre-pack administration process, but 75 sites will close. Azzurri, which is made up of 301 restaurants including Zizzi, Ask and Coco di Mama, said when the coronavirus hit it acted “swiftly to protect its employees and customers, deciding to close all restaurants ahead of the government’s lockdown. Azzurri took all possible steps to protect the financial position of the business by ceasing all capex, renegotiating rental payments and food supplier costs and furloughing all restaurant staff and non-critical central staff.”