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Up to 1,400 Prezzo jobs at risk as bosses secure rescue deal

Up to 1,400 Prezzo jobs at risk as bosses secure rescue deal

The Telegraph - By Bradley Gerrard

Up to 500 restaurant workers are set to lose their jobs as troubled Italian chain Prezzo moves to close 94 sites in a bid to keep the company trading. The deal has been agreed by nearly 90pc of creditors as part of a Company Voluntary Agreement, a form of insolvency that allows a business to keep …

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