Kamis, 02 Juli 2020

Café Rouge and Bella Italia owner falls into administration - BBC News

The owner of High Street restaurant chains Café Rouge and Bella Italia has gone into administration.

Ninety one Casual Dining Group outlets will close immediately, and 1,900 of the firm's 6,000 staff will lose their jobs.

Administrators Alix Partners are seeking offers for all or parts of the remaining business.

Thousands of job losses have been announced this week as the coronavirus continues to batter the UK economy.

Casual Dining Group, which also owns the Las Iguanas chain, said it hoped a new owner could save the firm.

"We are acutely aware of our duty to all employees and recognise that this is an incredibly difficult time for them," chief executive James Spragg said.

"Working alongside the administrators we will do everything we can to support them through this process with a view to preserving as much employment as we are able to."

The firm said it had received "multiple offers" for the business and would seek to progress these.

The restaurants that are closing are mainly located in England, with some in Scotland and Wales. 159 of the group's 250 outlets will remain open.

Casual Dining Group filed its intent to appoint administrators at the High Court in May to protect it from threats of legal action from its landlords.

Restaurants in the UK were struggling even before the pandemic, but their revenues have collapsed since the UK went into lockdown in March.

Restrictions will be lifted from Saturday, but demand is likely to remain depressed for some time. The government's furlough scheme - which is paying 80% of the wages of nine million workers - will also start to be pared back from August.

As a result, a slew of firms have started to cut jobs to control their costs.

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https://news.google.com/__i/rss/rd/articles/CBMiLGh0dHBzOi8vd3d3LmJiYy5jby51ay9uZXdzL2J1c2luZXNzLTUzMjcwNjc50gEwaHR0cHM6Ly93d3cuYmJjLmNvLnVrL25ld3MvYW1wL2J1c2luZXNzLTUzMjcwNjc5?oc=5

2020-07-02 17:15:00Z
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