Prezzo has announced plans to close down 46 of its restaurants in the UK as part of a business overhaul - leaving 810 jobs at risk of being axed. The Italian food chain said the decision was made due to rising costs and changes in diners' habits.
The chain, which has a restaurant in Nottingham, revealed its utility expenses have risen significantly - to more than double - over the last year amid soaring energy bills. Prezzo also says it has been hit by rocketing prices of food, with inflation in the UK currently at a 45-year high.
As reported by the Mirror, the chain says the cost of spaghetti has gone up 40 per cent, pizza sauce by 28 per cent and its dough balls by 15 per cent. It comes as Prezzo has admitted its "post-Covid recovery has proved harder than we had hoped”.
