The high street is going through an overhaul as consumers are turning away from casual dining.
Creditors of restaurant group Prezzo have backed a restructuring plan that will see it close 94 outlets – about a third of the chain.
It is estimated the move could lead to 500 job losses. Burger chain Byron and Jamie’s Italian have both had to undergo similar restructurings this year, agreeing rescue plans with their lenders and landlords, and closing restaurants.
The wider retail market is also suffering. The UK arm of toy retailer Toys R Us and electronics chain Maplin both recently collapsed into administration- undermined by cheaper online options.
The result is not a happy one- a rethink may be required if we are not destroy the businesses in our town and city centres.