Carluccio's rescue plan could close 30 restaurants

Carluccio's rescue plan could close 30 restaurants
 

Carluccio's could close up to 30 restaurants in a rescue plan under a Company Voluntary Arrangement (CVA).
More than 90% of Carluccio's creditors approved the CVA, which will allow it to close loss-making branches.
That means almost one in three Carluccio's restaurants could close their doors.
As part of the rescue plan, Carluccio's majority owner, the Dubai-based Landmark Group, is to invest £10m in upgrading the remaining restaurants.
The 103-strong chain joins a lengthening list of established restaurant businesses losing the battle against higher costs and increased competition.
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31 May 2018 in Regional, Views: 39
Source: BBC
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