Carluccio's deal saves 30 restaurants but sees more than 1,000 jobs lost
22 May 2020, 11:11 | Updated: 22 May 2020, 13:37
Carluccio's has been rescued in a deal which will save 30 restaurants but result in more than 1,000 job losses.
The dining chain has been bought by Giraffe and Ed's Easy Diner owner Boparan Restaurant Group (BRG), two months after it slid into administration.
The deal, first reported by Sky News earlier this week, will see 40 of the chain's restaurants close and 1,019 jobs lost.
However, 800 jobs and 30 restaurants will be saved.
The chain was founded in 1999 by the late chef Antonio Carluccio, and expanded rapidly during the last decade, at one point operating from more than 100 sites.
It was previously owned by Dubai-based Landmark Group, which bought it for £90m in 2010.
Phil Reynolds, joint administrator and partner at FRP, said the deal "ensures the future of the Carluccio's brand in the UK casual dining scene, retains a significant network of sites across the country and, critically, transfers a considerable number of jobs".
Satnam Leihal, managing director of BRG, said: "While it is an extremely challenging time for the sector, we believe quality hospitality businesses will recover in the long term as people return to eating out."
Administrators for Carluccio's said the following 30 restaurants have been saved:
Bristol, Cribbs Causeway
London, Islington Development Kitchen
London, Marriott Heathrow
London, Marriott Regents Park
London, South Kensington
London, St Christopher's Place
London, St Pancras Station
London, Waterloo Station
Manchester, Trafford Centre
Stratford on Avon
Walton on Thames
(c) Sky News 2020: Carluccio's deal saves 30 restaurants but sees more than 1,000 jobs lost