United Kingdom
Location of affected unit(s)
Hotel / Restaurants
Accommodation And Food Service Activities
Food And Beverage Service Activities
56.10 - Restaurants and mobile food service activities

216 jobs
Number of planned job losses
Job loss
Announcement Date
10 February 2021
Employment effect (start)
Foreseen end date


Prezzo, the UK-based Italian themed restaurant chain has announced that it will close 22 of its 178 sites across the UK, making 216 jobs redundant. The restructure is part of an administration process that was initiated by the company’s new owners, who acquired the chain in December 2020.

The chief executive of the company that owns Prezzo said the uncertainty about when restaurants can reopen after the COVID-19 restrictions made it necessary to take ‘decisive action’ in order to ensure the future of the company and save jobs.

Prezzo is currently one of the UK's largest high street restaurant chains, with a workforce of approximately 2,900 people. The company underwent a restructure as part of a Company Voluntary Agreement (CVA) with the loss of 500 jobs in 2018.



Eurofound (2021), Prezzo, Closure in United Kingdom, factsheet number 103634, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/103634.