Ask Italian and Zizzi pizza chains to close 75 restaurants

Up to 1,200 jobs could be lost as part of rescue takeover by TowerBrook Capital Partners Coronavirus – latest updatesSee all our coronavirus coverageThe owner of Ask Italian and Zizzi pizza chains is to permanently close 75 restaurants with the loss of up to 1,200 jobs in the latest blow to the high street.The closures 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. About 225 restaurants and shops are being bought by TowerBrook, protecting 5,000 jobs. Continue reading... https://www.theguardian.com/business/2020/jul/17/ask-italian-and-zizzi-pizza-chains-to-close-75-restaurants #food_&_drink_industry #job_losses #business #uk_news