2,000 jobs at risk as Carluccio's faces collapse
Italian restaurant chain Carluccio's is facing collapse, after warning it was facing permanent branch closures due to the coronavirus.
It is currently working with administrators in a move that could threaten more than 2,000 jobs.
Before the outbreak it was hit by the crunch in the casual dining sector and recently urged the state to step in.
Administrator FRP said it was working with Carluccio's to "consider all options" for the restaurant's future.
Restrictions aimed at curbing the coronavirus pandemic have recently forced all cafes and restaurants to close.
Before the government's pledge to pay 80% of those workers' salaries, Carluccio's Chief Executive Mark Jones told the BBC the firm "was days away from large-scale closures" without state aid.
"FRP is working with the directors of Carluccio's to consider all options for the company in the current climate," a spokesperson for the administrator said.
Carluccio's has faced some difficult times in recent years, closing a third of its restaurants in 2018 as part of a Company Voluntary Arrangement (CVA) rescue plan.
Like many in the casual dining sector, it has felt the brunt of a fall in consumer spending, combined with higher business rates, and increases in the National Living Wage.
Prezzo and Byron also used CVAs to close restaurants while Jamie's Italian went into administration last year.
The chain was founded more than 20 years ago by celebrity chef and restaurateur Antonio Carluccio, who died aged 80 in 2017.
Before the outbreak it was hit by the crunch in the casual dining sector and recently urged the state to step in.
Administrator FRP said it was working with Carluccio's to "consider all options" for the restaurant's future.
Restrictions aimed at curbing the coronavirus pandemic have recently forced all cafes and restaurants to close.
Before the government's pledge to pay 80% of those workers' salaries, Carluccio's Chief Executive Mark Jones told the BBC the firm "was days away from large-scale closures" without state aid.
"FRP is working with the directors of Carluccio's to consider all options for the company in the current climate," a spokesperson for the administrator said.
Carluccio's has faced some difficult times in recent years, closing a third of its restaurants in 2018 as part of a Company Voluntary Arrangement (CVA) rescue plan.
Like many in the casual dining sector, it has felt the brunt of a fall in consumer spending, combined with higher business rates, and increases in the National Living Wage.
Prezzo and Byron also used CVAs to close restaurants while Jamie's Italian went into administration last year.
The chain was founded more than 20 years ago by celebrity chef and restaurateur Antonio Carluccio, who died aged 80 in 2017.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
