Business

Fazenda owner bought out of administration

The company, which trades as the Fazenda Rodizio Bar & Grill alongside sister brand Picanha by Fazenda, went into administration on 1 March 2021

Begbies Traynor has overseen the pre-package sale of City District Limited to Southern Wind Group Limited, who has acquired a “substantial” part of the business and assets in a move that has saved 243 jobs.

City District Limited, which trades as the Fazenda Rodizio Bar & Grill alongside sister brand Picanha by Fazenda, first went into administration on 1 March 2021, with Begbies Traynor appointed as administrators.

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