Over 1,000 Carlucio’s staff members have been redundant after Boparan Restaurant Group (BRG) acquired the brand today (22 May).
Despite this, the 30 sites acquired in the deal will save over 800 jobs. However, the remaining 40 sites, which were not part of the transaction, will now be shuttered, resulting in the redundancies.
Phil Reynolds and Geoff Rowley from FRP’s Restructuring Advisory team were appointed as joint administrators on 30 March 2020. FRP said the joint administrators are working closely with the Redundancy Payments Service to facilitate redundancy payments.
BRG will also take on Carluccio’s franchise partnership in the UAE and Qatar.
Satnam Leihal, managing director of BRG, said: “We welcome Carluccio’s colleagues to BRG. This acquisition is in line with our strategy to grow our restaurant group with quality brands.
“Whilst it is an extremely challenging time for the sector, we believe quality hospitality businesses will recover in the long term as people return to eating out.”
Mark Jones, CEO at Carluccio’s, said: “For what has been a particularly challenging period for everyone at Carluccio’s and much of the rest of our industry, we’re grateful for the support and guidance provided by the team at FRP which has worked hard to secure the future of the business.”