Carluccio's directors 'considering all options' after appointing advisers

27 March 2020 by
Carluccio's directors 'considering all options' after appointing advisers

Carluccio's directors are said to be considering "all options" after appointing business advisory firm FRP.

Earlier this week the casual dining chain's chief executive Mark Jones told The Caterer: "These are difficult and very challenging times for which we are doing absolutely everything we can and the Carluccio's board is in constant talks with its stakeholders to determine a way forward."

The statement came after staff were informed they would receive 50% of wages in March's payroll, after the forced closure of all sites by coronavirus.

Today FRP has said it is "working with the directors of Carluccio's to consider all options for the company in the current climate".

Sky News reports that an insider has advised the business could file for administration within days, although FRP has not commented on this.

Carluccio's was founded in 1999 by chef Antonio Carluccio. It underwent a CVA in May 2018, with the brand later announcing a £10m funding injection from shareholder Landmark Group to roll out changes in menus, design and operation across the remaining 74-site UK portfolio. The turnaround plan had been reaping rewards, with refurbished sites receiving a "strong and positive" response, as well as improving customer sentiment scores.

Picture: Shutterstock

Carluccio's doing 'everything to determine a way forward' as entire team takes March pay cut >>

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking