Carluccio's Goes Into Administration
"Challenging trading conditions" have been exacerbated by coronavirus
Italian restaurant chain Carluccio’s, which has a restaurant in Wimbledon village (above), has gone into administration.
Recently-appointed advisors FRP is "urgently looking at options" for the future, which include 'mothballing the business using Government support' as well as trying to sell all or parts of the company.
Carluccio’s began life in 1991 when Antonio and Priscilla Carluccio opened a food shop in Neal Street, bringing regional Italian food to London. It currently has 73 restaurants around Britain, 19 of which are in London (they are all closed due to Covid19) and employees around 2,000 people.
When the chain had to follow Government guidance and close the doors due to coronavirus, the employees had been advised that this month they would only receive 50% of their wages, but now administration looks a possibility after the company appointed FRP Advisory on Friday who have said that they are: "working with the directors of Carluccio’s to consider all options for the company in the current climate”.
In 2018 the company closed 34 of its restaurants as it underwent a Company’s Voluntary Arrangement (CVA) restructuring deal in a bid to secure its future.
March 30, 2020