UK-based Italian restaurant chain Strada is reportedly set to close several of its restaurants across the country, following a review of its portfolio.

The food chain is said to close ten of its locations, representing more than a third of its restaurants, reported The Telegraph.

The Strada stores that have been closed already are located in Blackheath, Camden, Cardiff, Clapham, Cobham, Harpenden, Newbury and York while the one(s) in Birmingham may close this month, according to the publication.

A statement from Strada was quoted by WalesOnline as saying: “Following a comprehensive review, it is with regret that we are closing a number of our Strada restaurants as they are no longer viable as Stradas in this increasingly competitive market.

“Where possible, we are converting the sites to new formats or selling them to other operators but, in some cases, recent increases in rents and rates, coupled with government-decreed rises in wage costs, make it very difficult to operate profitably a full-service restaurant serving fresh food.

“We hate closing restaurants and so this has been a difficult decision.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We also appreciate that this will be a tough time for our team members and local communities alike.”

In September 2014, Sun Capital Partners purchased the Strada brand and 43 restaurants for £37m from the Café Rouge owner, Tragus Group.