Prezzo has announced three restaurants in the local area are set to close over the next few months.
That includes the Chimichanga venues in Hornchurch and South Woodford as well as Prezzo in Brentwood.
Hundreds of jobs are to go across the country after the chain agreed a restructuring plan.
It will see 94 of its 300 outlets close, putting around 500 roles at risk.
It’s undertaking a Company Voluntary Arrangement, allowing it to shut unprofitable branches and secure rent reductions.
Jon Hendry-Pickup, CEO of Prezzo, said: “I would like to thank our creditors and landlords for supporting our Transformation Plan. While we continue to be profitable, the pressures on our industry have been well documented.
“Despite this being a tough decision, the support given today by our creditors shows that they believe we have the right approach to transforming Prezzo in the eyes of teams, customers and stakeholders.
“It has been a challenging time during the CVA process and I would like to thank our suppliers, colleagues and customers for their patience and support.”
The 94 restaurants identified for closure under the CVA are likely to close in April and May.
Tags: Business, Brentwood, Hornchurch, South Woodford
