Prezzo Formby are sadly closing down next month
Formby Bubble has been told today that Prezzo in Formby are sadly closing down on 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.
We were told that the Formby Prezzo was here to stay on 4th March but, sadly that is no longer the case and a 'To Let' board has been erected today.
We have been told that some of the staff have managed to be re-located within the chain but others have not.
The move is part of a restructuring arrangement known as a company voluntary arrangement.
It 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:
Barnet (High Street)
Belfast (Victoria Square)
Belfast (Boucher Square)
Braintree (Freeport Village)
Bromley (Chimichanga, East Street)
Chelmsford (Baddow Road)
Deansgate - Manchester
Edinburgh (Pier Place)
Leicester (Silver Street)
Milton Keynes (Chimichanga)
Norwich (Thorpe Road)
Nottingham (Low Pavement)
Port Solent (Chimichanga)
Sheffield (Valley Centertainment)
Sheffield (Ecclesall Road)
South Woodford, London (Chimichanga)
St Annes on Sea
Stevenage (High Street)
Stratford Upon Avon
Wandsworth, London (Chimichanga)
Watford, London (Chimichanga)
The Formby Prezzo can be found at the end of Formby Village:
5 - 6 Halsall Lane,
Tel: 01704 831456