Several Yorkshire Prezzo restaurants to close

Prezzo is set to close four restaurants across the Yorkshire region as part of a move to try and save the company.

The owners of Prezzo, TPG, have announced the closure of four restaurants across the region – those at Sheffield Ecclesall Road, Sheffield Valley Centertainment, Ripon and Catterick.

In total, 94 restaurants will close across the UK, resulting in around 1,000 jobs being lost, although Prezzo says it will try and find staff new roles elsewhere in the business.

The move is part of deal restructuring specialist Alix Partners is putting together a company voluntary arrangement (CVA) for Prezzo which would allow it to renegotiate the restaurant chain’s debts.

TPG bought Prezzo for £300m in 2014.

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