EMCC European Monitoring Centre on Change

Azzurri Group

Company/Organisation:
Azzurri Group

Geographic Location

Country: United Kingdom

Company

Sector: Hotel / restaurants
Accomodation and food service activities
56.10 - Restaurants and mobile food service activities
Number Employed: 6000
Group: Azzurri Group

Employment Effects

Announcement Date: 17-07-2020
Planned Job Reductions min: 1200
Planned Job Reductions max: 1200
Type of Restructuring: Internal restructuring

Additional Information

Azzurri Group, the UK-based hospitality company has announced that it will permanently close 75 Zizzi and ASK Italian restaurants across the UK, putting 1,200 jobs at risk. Azzurri Group itself has been acquired out of administration by TowerBrook Capital Partners, the investment management firm based in London and New York. The Group's remaining 225 restaurants will reopen, protecting approximately 5,000 jobs.

The chief executive of Azzurri Group said the restructure was prompted by the loss of revenue during the COVID-19 crisis.

The Azzurri Group specialises in Italian cuisine and owns high street restaurant chains ASK Italian, Zizzi and Coco de Mama, which can be found on most British high streets. The Group employs approximately 6,000 people in the UK.