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PREZZO CHAIN IS CLOSING RESTAURANTS IN THE UK

... out by private equity firm Cain International. As a result of the deal, 22 of 178 restaurants of the company, located in the UK, will be closed. The deal with the Cain International came after Prezzo was forced to go into the administration after failing to negotiate lease payments with landlords.... ... Earlier this week Sky News reported that 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 ...

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