Zizzi Owner Azzuri Group Reports Sale Growth

Azzuri Group, which operates brands like ASK Italian and Zizzi, has reported a shrink in losses over the past year.  The company reported a pre-tax loss of £16.3m in the year to June 30^th 2019, comparing to the £23.4m loss the year before.

The total sales rose by 7% to £299.4m and earnings increased from £37m to £38.1m.  The sales increase was driven by 10 new restaurants opening, including Zizzi’s first China site in Shanghai.  The brand also did a refurbishment of 29 sites following an investment of £20m.

All four brands within the Azzuri Group have grown like for like sales and increased earnings over the last year.  The portfolio is made of 311 UK restaurants.