Prezzo braces for landlord showdown over restaurant closures

Prezzo, the high street restaurant chain, is bracing for a court showdown with landlords over the closure of a third of its sites. City sources say that the chain, which is owned by Cain International, intends to use a formal restructuring plan to force through the overhaul. Landlords, who include some of Britain's biggest commercial property-owners, will be able to vote at a hearing on 22 May, according to an insider. However, the plan is certain to be approved because of Cain's status as Prezzo's largest creditor, the insider added. More from Sky News.