Italian restaurant chain Prezzo will shut a third of its restaurants after being hit by rising costs for pizza and pasta ingredients and energy. The group said closing the 46 loss-making sites will put 810 staff at risk of redundancy. It said its utility bills had more than doubled in the past year along with sharp rises in costs for dough balls, pizza sauce, mozzarella and spaghetti. The cuts will affect sites with footfall still below pre-Covid levels. Prezzo said it would keep its restaurants in busier shopping areas, such as retail parks and tourist destinations. Staff were informed about the closures on Monday morning and the chain said it would work to redeploy "as many staff internally as possible".
Prezzo Closures