Anglo-Italian restaurant chain Carluccio's entered administration on Monday, putting around 2,000 jobs at risk, after challenging trading conditions on the high street were exacerbated by the spread of coronavirus.
FILE PHOTO: General view of Carluccio's on Garrick Street in London, Britain, February 27, 2020. Picture taken February 27, 2019. REUTERS/Tom Nicholson
Joint administrators from advisory firm FRP have been appointed to explore options including a sale of all or parts of the group, and said the primary purpose of the move was to rescue the company, set up in 1991 as a deli shop by chef Antonio Carluccio. “In the absence of being able to continue to trade Carluccio’s, in the short term, we are urgently focused on the options available to preserve the future of the business and protect its employees.”
Finance minister Rishi Sunak has announced a package of measures to support businesses and workers through the crisis, including a scheme to pay 80% of the wages of furloughed employees.
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