Azzurri Group, which owns the Zizzi and Ask Italian restaurant chains has today announced that it is set to close 75 locations, and up 1,200 jobs will go as a result of the coronavirus pandemic.
As a result of the announcement, the group has been sold out of administration to TowerBrook Capital Partners for an undisclosed figure.
The deal will keep 225 restaurants open and keep the remaining 5,000 employees with the firm.
Steve Holmes, Chief Executive of Azzurri Group said: “The COVID-19 crisis has had a profound impact on the casual dining sector, bringing many businesses like ours to a standstill.
“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.
“It is with deep sadness that this process will result in the permanent closure of a number of sites and that we must say goodbye to greatly valued employees across our brands.”