Prezzo appoints advisory group

Italian restaurant chain, Prezzo has appointed FRP Advisory to see it through the COVID-19 crisis.

The company, which is headed up by Karen Jones, has 180 restaurants, all of which it says were profitable before the onset of the pandemic.

Most of the group's 3,000 employees have been furloughed under the Coronavirus Job Retention Scheme.

Less than two years ago, Prezzo closed a number of sites through a financial restructuring that included a debt-for-equity swap.