Prz Realisations (2) Limited[2] is a chain restaurant operator in the United Kingdom.[1]
History
In 2014 the company was bought by private equity investment firm TPG Capital for just over £300 million.
On 23 March 2018 Prezzo Holdings announced it was closing the 33 branch Tex-Mex chain Chimichanga, and closing 92 branches of the Prezzo chain, in a company voluntary arrangement (CVA) restructuring whereby rents at 57 other sites were to be reduced by between 25% and 50%. The contraction jeopardised up to 1,800 out of the 4,500 jobs at the time.[3]
Subsidiaries
It operates using several casual dining brands:[4]
- Chimichanga
- Caffè Uno (previously owned by Paramount Restaurants)
- Prezzo
- Cleaver
- MEXIco
References
- PREZZO HOLDINGS LIMITED - Overview beta.companieshouse.gov.uk, retrieved 11 October 2017^
- PRZ REALISATIONS (2) LIMITED overview - Find and update company information - GOV.UK Companies House, 2014-10-23, retrieved 2023-08-03^
- Prezzo restaurant chain to close 92 outlets BBC News, 23 March 2018, retrieved 23 March 2018^
- Restaurant group Prezzo to go private? 7 May 2008^