Prezzo is to shut 46 loss-making restaurants after being hit hard by soaring energy and food costs.The Italian restaurant chain has said about 810 workers are at risk of redundancy as part of the overhaul.Bosses at the private equity-owned businesses said the cuts, which are part of a broader strategic review, will affect sites where "the post-Covid recovery has proved harder than we had hoped".The shake-up will leave the hospitality chain with 97 restaurants and about 2,000 staff.It said the cl

Prezzo is to shut 46 loss-making restaurants after being hit hard by soaring energy and food costs.The Italian restaurant chain has said about 810 workers are at risk of redundancy as part of the overhaul.Bosses at the private equity-owned businesses said the cuts, which are part of a broader strategic review, will affect sites where "the post-Covid recovery has proved harder than we had hoped".The shake-up will leave the hospitality chain with 97 restaurants and about 2,000 staff.It said the closures will impact some high street sites as its portfolio shifts more towards those "in better locations to cater to changing consumer habits" such as shopping centres, retail parks and tourist destinations.Staff were informed about the closures on Monday morning, with a consultation process launched.Prezzo said it will work to redeploy "as many staff internally as possible" and will support others in new opportunities.The restaurant group said costs have leapt over the past year, with its util