Register to get 5 free articles
Reveal the article below by registering for our email newsletter.
Want unlimited access? View Plans
Already have an account? Sign in
Boparan Restaurants is reportedly set to rescue Carluccio’s in a move that will save roughly 900 jobs.
According to Sky News, the restaurant group is poised to conclude a rescue deal “in the coming days”, with an announcement expected as early as today (19 May).
Boparan, owned by tycoon Ranjit Boparan, is expected to acquire the Carluccio’s brand, head office and approximately 30 sites once the deal is complete.
According to reports, the transaction with FRP Advisory is also expected to retain 900 employees, with1,000 workers “likely to be left facing redundancy”.
Carluccio’s collapsed into administration in March, with FRP Advisory appointed as administrator for the restaurant chain.
The group had previously filed for a company voluntary arrangement (CVA) in 2018, with its creditors voting “overwhelmingly in favour” of the procedure that saw 30 of its sites shutter.
If a takeover of Carluccio’s is successfully completed, Boparan Restaurants will expand its empire that currently includes the Giraffe, Fishworks and Ed’s Easy Diner chains, as well as the UK franchise for the US fast food chain Slim Chickens.
FRP said they currently have no comment or statement regarding the deal.
