Rescue deal for restaurant chain Carluccio's but 1,000 jobs lost

Thirty Carluccio's restaurants have been acquired out of administration, but 1,000 jobs have been lost.

Carluccio’s has been sold to Giraffe and Ed’s Easy Diner owner Boparan Restaurant Group.

However, administrators FRP Advisory said the move has also resulted in the redundancy of 1,019 Carluccio’s employees after it was unable to secure the future of the chain’s other 40 restaurants.

The value of the deal has not been disclosed, but is believed to be around...
source: Business Live

2020-05-22 12:26
Latest news from Business Live
yesterday 14:29 Work starts on £1m upgrade at Stoke Railway Station
yesterday 14:29 Debenhams is set to cut hundreds of head office jobs
2020-05-26 15:08 Premier Inn owner Whitbread granted permission to rebuild Bristol hotel destroyed by fire
2020-05-25 21:17 The female entrepreneur making her mark in the male dominated world of security
2020-05-25 21:17 The firms and organisations in Wales currently recruiting
2020-05-22 15:35 Deloitte backs 'Build Back Better' campaign launched by Liverpool and Manchester metro mayors
2020-05-22 15:35 Developer Watkin Jones to replace or remediate cladding on eight student hall developments
2020-05-22 15:35 Technology venture Nutshell to treble in size following £1.2m investment
2020-05-22 15:35 Veg box delivery firm sees demand shoot up during lockdown
2020-05-22 12:26 Get our urban environments right and the social economy can thrive
2020-05-22 12:26 At the cutting edge with East Riding College
2020-05-22 12:26 Mike Ashley tells staff Frasers Group stores could open from June 1
2020-05-22 12:26 Plans lodged to build new railway station in Birmingham
2020-05-22 12:26 Great Big Business Survey - tell us how you have been affected by the Covid-19 pandemic and lockdown
2020-05-22 12:26 Drone aircraft firm carries out first successful Covid-19 mission
2020-05-22 12:26 Penderyn secures multi-million finance facility to open Llandudno whisky distillery and increase production
2020-05-22 12:26 Local Government Minister washes hands of Humber leadership controversy
2020-05-22 12:26 Rescue deal for restaurant chain Carluccio's but 1,000 jobs lost
2020-05-20 18:26 Wasps chief to join Warwickshire CCC
2020-05-20 18:26 Former Newcastle United coaches aim for healthy growth in sport nutrition business
Latest news from Great Britain
yesterday 21:59 Inside the caravan where Hull Gogglebox stars Jenny and Lee film the show
yesterday 21:59 Inside the caravan where Hull Gogglebox stars Jenny and Lee film the show
yesterday 21:44 Pokemon Go Throwback Challenge: Sinnoh countdown and Champion event update
yesterday 21:44 Surprising reason Kate and William made changes to their Instagram account revealed
yesterday 21:44 Liverpool could win first Premier League title vs rivals Everton... at Man Utd or Man City
yesterday 21:44 Outside toilet ideas: How to go to the toilet outside
yesterday 21:44 US warship challenges Beijing’s South China Sea claims with latest show of military might
yesterday 21:44 Prince William sends Twitter into meltdown with heartbreaking campaign 'I'm crying!'
yesterday 21:44 India sidesteps Donald Trump's offer to mediate border row with China
yesterday 21:44 Travel: When will international travel resume?
yesterday 21:44 Prince William opens up on ‘life-changing’ parenting moment: ‘I found it overwhelming’
yesterday 21:44 William shares school subject he struggles with while homeschooling George and Charlotte
yesterday 21:44 Kate Garraway heartbreak: GMB star speaks of agony at husband Derek ‘I felt tears tonight'
yesterday 21:44 Heart attack symptoms: The sound in your breath to watch out for
yesterday 21:44 Barnier to CONCEDE on fishing: EU compromise could pave way for deal - major breakthrough
yesterday 20:59 Britain says U.N. climate summit to begin on November 1 2021
yesterday 20:59 Britons clap their support for health workers
yesterday 20:56 Hull's most viewed house sparks bidding war as it sells for four times the price
yesterday 20:56 Hull's most viewed house sparks bidding war as it sells for four times the price
yesterday 20:44 Johnson gags his scientific advisers on the Cummings controversy - what we learned from the 5pm press conference
yesterday 20:44 Scotland's oldest veteran and World War II hero Jimmy Sinclair dies aged 107
yesterday 20:44 Boris Johnson standing by Dominic Cummings and wants to 'draw a line' under scandal
yesterday 20:41 Coronavirus: Britons take to streets to Clap for our Carers - but will it be the last one? The woman who founded Clap for our Carers has said she is stopping now it has "carried us through the peak of the crisis".
yesterday 20:41 People across UK clap for carers for what could be the last time
yesterday 20:41 FIFA 20 TOTS Ligue 1 COUNTDOWN: Date and time, Team of the Season So Far predictions
yesterday 20:41 Lockdown rules: What are the new lockdown rules in UK? Everything you need to know
yesterday 20:41 The future of holidays! Spanish beaches implement new plans to stop overcrowding
yesterday 20:41 State Pension warning: Is your State Pension being underpaid?
yesterday 20:41 Prince William issues warning over concerns for NHS frontline: 'We need to be prepared'
yesterday 20:41 Spacex Crew Dragon: How do astronauts go to the toilet?
yesterday 20:41 Meghan Markle and Prince Harry were meant to return to the UK this week for special reason
yesterday 20:41 Clap for Carers founder: Who is Annemarie Plas? Why is Clap for Carers ending?
yesterday 20:41 Marks and Spencer launches ready meal food boxes that can be delivered to your door
yesterday 20:41 David Frost 'right man for job!’ How UK Brexit negotiator is winning fans for trade talks
yesterday 20:41 Kevin Clifton makes Strictly confession after quitting BBC dance show: ‘It’d affect me’
yesterday 20:41 Self-employed scheme warning: Extension called for as ‘efficient action is needed’
yesterday 19:53 Salary cap to remain at same level after show of unity from Super League clubs
yesterday 19:53 Salary cap to remain at same level after show of unity from Super League clubs
yesterday 19:53 Huge news for Hull as government confirms £355 million A63 Castle Street transformation will go ahead
yesterday 19:53 Huge news for Hull as government confirms £355 million A63 Castle Street transformation will go ahead
yesterday 19:47 Legal claims against Bank of England for withholding Venezuelan gold discussed in court
yesterday 19:47 ‘The best defence for workers during and after this lockdown is trade union membership and effective workplace organisation’
yesterday 19:47 Johnson announces ‘limited’ and ‘cautious’ changes to lockdown to take effect from June 1
yesterday 19:47 Men's Rugby Union Rugby during lockdown could be a scrumless game
yesterday 19:47 Men’s football Football without fans is soulless, says Huddersfield boss Danny Cowley
yesterday 19:47 Labour ‘will not ignore structural inequalities’ faced by BAME workers as study finds they experience greater PPE shortages
yesterday 19:47 Women's Football Gareth Taylor appointed Manchester City boss
yesterday 19:47 Editorial Britain's failures on testing make relaxing lockdown dangerous
yesterday 19:47 Schools are not safe to reopen on Monday, scientists warn as government refuses to backtrack
yesterday 19:38 Two men die after being pulled from water in Bath Emergency services were called to reports of several people in the water close to Toll Bridge Road in the city.
Watch the news from UK on Facebook