Carluccio's owner offers investment if CVA backed

Carluccios Derby

Italian restaurant chain Carluccio’s could close up to 34 UK restaurants as part of a company voluntary arrangement (CVA) being pushed by owners Landmark Group.

The Dubai-based conglomerate has pledged to invest £10m in the chain conditional on landlords backing the CVA.

KPMG is overseeing the CVA proposal and said the restaurant is looking to pay as little as two thirds of the rent on 34 of its 103 sites across the UK following a strategic review of its operations. Restaurant sites earmarked for closure include the Metrocentre in Gateshead, Gloucester Quays, and Beverley in Yorkshire. Outlets in the Gulf, Turkey and Ireland will not be affected.

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