Chester ’s Chimichanga restaurant is to close but Prezzo outlets in Cheshire Oaks and Broughton Shopping Park are staying open.

Hundreds of jobs will go at Prezzo and Chimichanga in a radical restructure as part an agreement aimed at repaying debts to creditors.

Staff at the Tex-Mex Chimichanga in Pepper Street have confirmed their last day of trading will be on Friday, March 31 – the restaurant only opened two-and-a-half years ago.

Chimichanga in Pepper Steet, Chester

But Prezzo restaurants at Cheshire Oaks and Broughton Shopping Park, which specialise in Italian cuisine, will remain open.

The company, owned by private equity firm TPG Capital, secured the backing of creditors for Company Voluntary Arrangement (CVA) on Friday, which will allow the Italian-themed chain to exit unprofitable branches and secure rent reductions.

A total of 94 of Prezzo's 300 outlets will close, with around 500 jobs understood to be in the firing line, although many staff will be redeployed at other restaurants.

Prezzo at Broughton Park

Restaurants identified for closure are likely to shut in April and May, Prezzo has said, and staff will be made aware of the exact dates as soon as they have been confirmed.

Casual dining chains and retailers have been hit by rising costs such as the National Living Wage and Apprenticeship Levy, online shopping and meal delivery services.

Celebrity chef Jamie Oliver is closing 12 of his restaurants, also through a CVA, in a move that will involve the loss of at least 200 jobs.

His upmarket Barbecoa steakhouse business in London has gone into administration.

Toys R Us is closing down on the Chester Retail Park.

Meanwhile, Toys R Us and electronics chain Maplin, both of which have outlets at Chester Retail Park, are struggling. Maplin is in administration and Toys R Us will close when the stock has sold.

The full list of Prezzo restaurants marked for closure are as follows:

Abergavenny

Alton

Amersham

Arundel

Barnet (High Street)

Barnstaple

Bedford, (MEXIco)

Belfast (Victoria Square)

Belfast (Boucher Square)

Beverley

Blackpool

Blandford

Bournemouth Chimichanga

Braintree (Freeport Village)

Brentwood

Bromley (Chimichanga, East Street)

Canterbury

Cardiff (Chimichanga)

Carlisle

Carmarthen

Catterick

Chatham (Chimichanga)

Chelmsford (Baddow Road)

Chester (Chimichanga)

Cobham (Cleaver)

Cramlington

Crawley (Chimichanga)

Dalton

Darlington

Deansgate - Manchester

Derby (MEXIco)

Ealing (Chimichanga)

Eastleigh (Chimichanga)

Edinburgh (Pier Place)

Falmouth

Fareham (Chimichanga)

Glasgow Fort

Gloucester

Guildford

Halstead

Haywards Heath

Hereford

Hereford (Chimichanga)

Hornchurch (Chimichanga)

Ipswich (Chimichanga)

Kettering

Kingston

Leicester (Silver Street)

Lewes

Lincoln

Maidstone (MEXIco)

Midhurst

Milton Keynes (Chimichanga)

New Brighton

Newbury

Newcastle

Newquay

Northwood

Norwich (Thorpe Road)

Nottingham (Low Pavement)

Penarth

Peterborough (Chimichanga)

Port Solent (Chimichanga)

Trustees Ltd

Poulton

Ripon

Sheffield (Valley Centertainment)

Sheffield (Ecclesall Road)

Silverburn, Glasgow

Solihull (Chimichanga)

South Woodford, London (Chimichanga)

Southampton

Southampton (Chimichanga)

St Annes on Sea

St Austell

Stamford

Stevenage (High Street)

Stratford Upon Avon

Sudbury

Taunton

Telford (Chimichanga) ​

Tewkesbury

Wandsworth, London

Wandsworth, London (Chimichanga)

Warrington

Watford, London (Chimichanga)

West Bromwich

Wokingham

Woodley

Yate

Yeovil