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PREZZO CHAIN IS CLOSING RESTAURANTS IN THE UK

... the owner was considering options for securing its future, including the possibility of bankruptcy for the restaurant group. In December, Prezzo was sold to Cain International as a going concern. The company was among the restaurants affected by the Covid-19 pandemic. Cain International said Prezzo restaurants had been able to operate only for 25 of the last 52 weeks, but fixed costs and rent payments only grew. The value of the sale of chain was not disclosed, but it took place six years after the previous owner, TPG, bought Prezzo for ...

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