Prezzo Holdings

Prz Realisations (2) Limited
Formerly
  • Papa Bidco Limited (2014–2015)
  • Prezzo Holdings Limited (2015–2021)
TypePrivate
IndustryRestaurant
Founded4 February 2000; 26 years ago (2000-02-04)
Defunct15 May 2023 (2023-05-15)
Headquarters
Woodford Green, Essex
,
United Kingdom
Key peopleJon Hendry Pickup (CEO)
ParentTPG Capital
SubsidiariesChimichanga
Cafe Uno
Prezzo
Cleaver
MEXIco
Websiteprezzo.co.uk

Prz Realisations (2) Limited is a chain restaurant operator in the United Kingdom.

History

In 2014 the company was bought by private equity investment firm TPG Capital for just over £300 million.

On 23 March 2018 Prezzo Holdings announced it was closing the 33 branch Tex-Mex chain Chimichanga, and closing 92 branches of the Prezzo chain, in a company voluntary arrangement (CVA) restructuring whereby rents at 57 other sites were to be reduced by between 25% and 50%. The contraction jeopardised up to 1,800 out of the 4,500 jobs at the time.

Subsidiaries

It operates using several casual dining brands:

References

  1. 1 2 "PREZZO HOLDINGS LIMITED - Overview". beta.companieshouse.gov.uk. Retrieved 11 October 2017.
  2. ↑ "PRZ REALISATIONS (2) LIMITED overview - Find and update company information - GOV.UK". Companies House. 23 October 2014. Retrieved 3 August 2023.
  3. 1 2 "Prezzo restaurant chain to close 92 outlets". BBC News. 23 March 2018. Retrieved 23 March 2018.
  4. ↑ "Restaurant group Prezzo to go private?". 7 May 2008.