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Uncertain future at Prezzo

Prezzo is the latest chain restaurant facing closure rumours in Newbury.

The Cheap Street eatery’s owners are facing an uncertain financial future and have called in a specialist turnaround firm.

According to the Sunday Times a restructuring plan could see closures across the chain’s 300-strong restaurant estate.

Prezzo made a loss of £16.3m last year, against a backdrop of weaker trading across the industry as a whole.

News about Prezzo comes on the back of Strada, which closed its doors late last year.

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