Prezzo in Formby will be closing for the final time on the 28th April 2018.
This news comes just weeks after Prezzo announced that it’s Italian restaurant chain was set to close 94 of its restaurants as it tries to rescue its business.
It was previously announced that the Formby Prezzo was here to stay on 4th March but, that is no longer the case and a ‘To Let‘ board has now been erected.
OTS News understands some staff have been re-located within the chain but others have not.
The move is part of a restructuring arrangement known as a company voluntary arrangement.
This means that the chain’s debts are put on hold while the company looks for a buyer. It is a step before going into administration, reports the BBC.
It’s thought that the move will result in around 1,000 job losses however Prezzo has said it will try to find staff new roles within the business.
The full list of Prezzo restaurants marked for closure are as follows:
Formby Prezzo can be found at the end of Formby Village:
5 – 6 Halsall Lane, Formby, L37 3LP
Tel: 01704 831456
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