Italian restaurant chain Carluccio's to close 34 restaurants nationwide
Carluccio's has unveiled a restructuring plan that will likely lead to 34 restaurant closures.
The business, which was founded by the late Antonio Carluccio in 1999, has 103 restaurants in the UK but is seeking approval from landlords to slash rents in a restructuring plan known as a Company Voluntary Agreement (CVA).
-> These are the Mothercare stores in Yorkshire expected to closeThe CVA, put together by restructuring advisers at KPMG, will allow Carluccio's to pay a reduced rent for six months while the board engages with landlords about possible closures.