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.