The high street chains will take the hit after the Azzuri group – which owns the popular r… Workers within the industry are quick to pin the blame on private equity firms. Zizzi and Ask Italian closing 75 branches, Pandemic will have lasting effect on creative markets, London stock market facing blockbuster IPO year, Despite long-term challenges, oil prices remain in healthy range, Germany urges Taiwan to help ease auto chip shortage, Arab Spring exiles look back 10 years after Egypt uprising, UK expands vaccinations; 6 million shots given, Taiwan says asking chip firms to help ease auto chip shortage, Iran’s Zarif open to oil, Gulf security contacts with U.S., not on Israel, Iran to begin COVID-19 vaccinations in coming weeks: President Rouhani, Biden administration to unveil more climate policies, urges China to toughen emissions target. The … Frankie and Benny’s owner The Restaurant Group is closing 125 sites, threatening 3,000 jobs. A sign on the door of Zizzi restaurant in Clifton over the closure. Casual Dining Group, the owner of Bella Italia, Café Rouge, and Las Iguanas, permanently closed 91 outlets when it went into administration earlier this month. But the closure of 75 branches is set to cost up to 1,200 jobs. Something went wrong. “The Covid-19 crisis has had a profound impact on the casual dining sector, bringing many businesses like ours to a standstill,” said Steve Holmes, chief executive of Azzurri Group. But the closure of 75 branches is set to cost up to 1,200 jobs. ... Zizzi, Belvoir Street. Pizza, Salad, Pasta, & Dessert. Founded in 1954, it was the first franchise pizza chain in the United States. The city branch was one of 70 Laura Ashley shops that closed for good. It is unclear which restaurants will be affected. PARIS (BBC): The owner of Zizzi and Ask Italian restaurant chains said it will close 75 locations, risking the loss of up to 1,200 jobs. Pizza Express is reportedly planning to axe around 75 sites across the UK. Azzurri Group, the owner of Zizzi and Ask Italian restaurant chains, said late on Friday it has been bought by London-based investment management company TowerBrook Capital Partners in a deal that would see closure of 75 of its branches, putting 1,200 jobs at risk amid the ongoing coronavirus outbreak. The chains of Italian restaurants are the latest to announce mass closures and job cuts. The closures of Ask Italian and Zizzi branches form part of a rescue takeover of the Azzurri Group by TowerBrook Capital Partners, the US investment firm which previously owned luxury brand Jimmy Choo and fashion chain Phase Eight in the UK. Azzurri Group, the owner of Zizzi and Ask Italian restaurant chains, said late on Friday it has been bought by London-based investment management company TowerBrook Capital Partners in a … Closures to be spread across UK, including branches in London, Glasgow and Cardiff Published: 28 Sep 2020 Pizza Hut confirms 29 … All Day. So why did it happen? “Despite being a successful operator, the immediate loss of revenue during lockdown meant that we have had to make some incredibly difficult decisions to protect the business for the long-term. Azzurri Group, which also owns the Coco Di Mama pasta chain, has been sold out of administration to TowerBrook Capital Partners. The source said the events raised serious questions over the Zizzi branch… Every Day. The group is working on a restructuring to weather the coronavirus crisis, which is set to see it hold talks with landlords to shed hard-hit eateries and slash rents, according to Sky News. The Zizzi restaurant in Belvoir Street has now permanently closed. It … It is the latest victim of the ravaged hospitality sector, with Pizza Express confirming on Thursday that it is to close up to 75 branches, putting more than 1,000 jobs on the line. Azzurri Group, which also owns the Coco Di Mama pasta chain, has been sold out of administration to TowerBrook Capital Partners. Azzurri Group, which also owns the Coco Di Mama pasta chain, has been sold out of administration to TowerBrook Capital Partners. In 1968, the chain had 342 locations. A Leicester city centre branch of Italian restaurant chain Zizzi will not be reopening. Zizzi Italian Restaurants UK & Ireland . The owners of Ask Italian and Zizzi will not reopen about 75 of its restaurants - … Pizza Express is reportedly planning to axe around 75 sites across the UK. “Despite being a successful operator, the immediate loss of revenue during lockdown meant that we have had to make some incredibly difficult decisions to protect the business for the long term,” he said. The company said the coronavirus had hit restaurants hard. TowerBrook will invest around £70 million to support Azzurri Group and plans to reopen 40 pizza restaurants next week, followed by its Coco di Mama chain and more Ask and Zizzi sites later in the summer. Please check your entries and try again. It is unclear which branches will be affected, Zizzi is shuttering around 75 restaurants, It is the latest victim of the ravaged hospitality sector, closing 125 sites, threatening 3,000 jobs, Not all customers will feel benefit of hotel and restaurants’ VAT cut, Restaurants and cafes slash prices as 15% VAT cut begins, English pubs and restaurants trade at half their pre-pandemic levels, Riot police storm 300-strong illegal rave in east London, BBC rejects ‘nitty gritty’ complaint against Laura Kuenssberg, Winter Wonderland: Snow sweeps across London as icy blast hits UK, Boris plots border crackdown as children ‘face months at home’, New Zealand suffers first virus case in community for over two months, You may not agree with our views, or other users’, but please respond to them respectfully, Swearing, personal abuse, racism, sexism, homophobia and other discriminatory or inciteful language is not acceptable, Do not impersonate other users or reveal private information about third parties, We reserve the right to delete inappropriate posts and ban offending users without notification. It is unclear which restaurants will be affected. https://www.thesun.co.uk/money/12159059/zizzi-ask-italian-closures-where Unlimited Pizza Buffet Starting At $5.99. What is happening about the closures of Pizza Express branches? What is happening about the closures of Ask Italian and Zizzi branches? Casual Dining Group has 250 sites across the UK and it could lead to 1,909 redundancies. CREDIT: Twitter 1,200 jobs could be lost, as the owner of popular Italian restaurant chains Zizzi and Ask Italian, announces it is closing 75 branches. Please check your email for further instructions. Azzurri said that the deal was implemented as a pre … Zizzi restaurant in Clifton over the closure Italian says permanently closing 75 restaurants in the United States, as July. Frankie and Benny ’ s biggest High Street retailers, John Lewis and Boots have... This comment these branches now facing closure only opened two or three years earlier zizzi closures which branches.! 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