CVA on the menu for Carluccio’s

Carluccio's in Brindleyplace, Birmingham
The casual dining crunch has hit again as the Italian restaurant chain founded by Antonio Carluccio, the chef who died last year, is set to become the next casual dining operator to be restructured through a company voluntary arrangement. The Times understands that Carluccio’s has hired KPMG to advise on a CVA to enable the chain to shed or secure a rent reduction on about a third of its 103 UK restaurants. The news comes shortly after Neil Wickers, the chief executive, stepped down after three years, replaced by Mark Jones w... For the full story register now for free or login below...