News Desk

Fourth deal with The Cats Pyjamas completes

Highly regarded Indian Street Food operator, The Cat’s Pyjamas have secured the takeover of the Prezzo unit on Albert Street, Harrogate.

The widely publicised CVA announced by Prezzo in late February this year confirmed that they were to close 100 stores, but this did not include their Harrogate premises. The landlord however could have been faced with a problem a few months down the line and so was willing to discuss potential terms with new operators.

Tom Hodgson from Pudney Shuttleworth, who acquired the unit off market for The Cat’s Pyjamas comments: “there are a number of national restaurant chains known to be struggling in the market, due to increased staffing costs, rent and rates growth, along with a surge in competition from savvy independents who often have a different type of product and in some cases a more personal service. We don’t feel that the restaurant and leisure market is slowing in terms of numbers of people going out to eat, it’s where they choose to go that’s changing. The Cat’s Pyjamas represents the new age of interesting and quirky operators who know their customers well and who are not distracted by underperforming units elsewhere, which unfortunately some of their national competitors are.”

The Cat’s Pyjamas is already established in Headingley, central Leeds and York where they have been instantly championed by the locals as a wonderful addition to the City. They are also opening sites in Wakefield, Sheffield and Chester this Autumn.

Alison White, Founder of The Cat’s Pyjamas comments: It is such an exciting time for the company and I thank each and every team member and customer joining me on this journey and the landlords who believe in me and the brand. It’s not often that an Independent restaurant operator such as myself is given the opportunity to acquire such prominent high street sites. Me and the Cat’s team are looking forward to becoming part of the local community in Harrogate and are currently working hard to preserve as many jobs as we can from the closure of Prezzo.

Works will start in transforming the space soon with estimated opening date of early September

Contact: Richard Shuttleworth

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