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Prezzo eyes expansion after 'steady' 2010

Italian restaurant chain Prezzo has announced plans to open at least 20 new eateries in 2011 after reporting "steady trading and strong new openings" in the 53 weeks to 2 January.



Compared with figures for 2009, the group reported a 15 per cent increase in revenue and a 12 per cent growth in pre-tax profit. It currently operates 160 properties across the UK.

Prezzo said that part of its growth had been fuelled from its first acquisition - 11 properties purchased from Caffe Uno Brasseries in August for £3.1m.