Rescue deal not enough to save restaurants
By Rob Freeman | 22nd May 2020
Gloucester and Cheltenham are not the on the list of restaurants included in a deal to save part of the Carluccio's chain.
Ranjit Singh Boparan, owner of a food business which includes the Giraffe and Ed's Easy Diner restaurant chains and Fox's Biscuits, has agreed the deal to but 31 restaurants.
But the restaurants in Gloucester Quays and in Cheltenham are among 40 not covered by the deal which will be closed with the loss of 1,000 jobs.
Carluccio's went into administration in March with all its staff placed on furlough.
Joint administrator Phil Reynolds from FRP said: "The COVID-19 lockdown has put incredible pressure on business across the leisure sector so it has been important to work as quickly and as decisively as possible in an extremely challenging business environment to secure a sale which ensures the future of the Carluccio's brand in the UK casual dining scene."
Boparan is the founder of 2 Sisters Food Group, which supplies about one third of the chicken on UK supermarket shelves.
His other interests include the turkey producer Bernard Matthews.
Related Articles
Copyright 2024 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.