Pod sold to Coco di Mama owner Azzurri Group
Thirteen of its restaurants will continue trading, whilst nine will be closed.
Pod Food Limited has been sold to Azzurri Group, the owner of the ASK Italian, Zizzi, Coco di Mama and Radio Alice brands.
The sale happened through a pre-pack administration after Damian Webb and Allan Kelly of RSM Restructuring Advisory LLP were appointed administrators of Pod Food Limited last 21 June.
Thirteen of pod's restaurants will continue trading, whilst nine will be closed.
"The sale of Pod Foods secures over 170 jobs and ensures the on-going trading of the core Pod business. Regrettably this process has led to the closure of nine stores, resulting in 90 redundancies. We will be working closely with the redundancy payments service to assist these employees,” Damian Webb, one of the joint administrators from RSM Restructuring Advisory LLP, said in a statement.
Currently, the Azzurri Group operates 294 restaurants in the UK.
