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Boparan Restaurant Group acquires Carluccio’s brand and 30 sites

Carluccio’s

Boparan Restaurant Group has confirmed the acquisition of the Carluccio’s brand and 30 trading sites, saving over 800 jobs.

The deal adds to BRG existing restaurant portfolio, which includes Cinnamon, Fishworks, Slim Chickens, Giraffe and Ed’s Easy Diner.

BRG will also take on Carluccio’s franchise partnership in the UAE and Qatar.

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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.”

BRG’s interest in Carluccio’s was first revealed back in April, after the 70-strong casual dining brand went into administration.

At the time, reports suggested that administrators were looking to save around half of the chain’s sites, with the top 30 most profitable sites making around £6m in EBITDA.

Administrators FRP Advisory told FEJ this morning that for restaurants not part of the BRG deal, it will be exiting the stores that are permanently closed down and removing chattel assets.

Directors at Carluccio’s placed the chain into administration at the end of March after a sustained period of challenging trading conditions, which were exacerbated by the Covid-19 crisis and closure of restaurants.

The Carluccio’s sites which now form part of the BRG estate include: Beverley, Bluewater, Bristol, Cribbs Causeway, Cambridge, Cheshire Oaks, Chester, Chichester, Colchester, Derby, Kingston Bentalls, Leamington Spa, Leeds, Trinity, London-Islington Development Kitchen, Marriott Heathrow, Marriott Regents Park, Richmond, South Kensington, St Christopher’s Place, St Pancras Station, Waterloo Station, Wimbledon;Manchester Piccadilly, Manchester Trafford Centre, Portsmouth, Reading, Sheffield, Solihull, Southampton, Stratford on Avon, Walton on Thames and Dublin- Dawson Street.

Administrators for Carluccio’s weigh up bids for restaurant sites

Tags : administrationBoparan Restaurant GroupCarluccio'soperators
Andrew Seymour

The author Andrew Seymour

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