Carluccio’s to address CVA rumours ‘this afternoon’

Italian restaurant chain Carluccio will issue a statement this afternoon regarding rumours of a potential company voluntary agreement (CVA), Catering Today can reveal.

Accountancy firm KPMG is rumoured to be overseeing the restructuring of the business and did not deny the rumours when asked by Catering Today. The work would see Carluccio’s reducing sites or seeking rent reductions.

Carluccio’s is the latest in a long line of restaurant CVAs that have seen Prezzo, Jamie Oliver and Gaucho close stores and cut staff.

Founded in 1998 Carluccio’s has been in operation in the UK for 20 years, offering Italian food and bakery style takeaway.

The potential CVA would come just seven months after the death of owner Antonio Carluccio and sale of the company to Dubai company Landmark Group.

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