Casual Dining Group has sold the four remaining La Tasca Restaurants that it owned to the brand’s former operations chief.
The chain, which owns Bella Italia and Cafe Rouge, confirmed it had offloaded the sites to Independent Spanish Restaurant Company (ISRC), a new company formed to operate high quality Spanish restaurants in the UK.
Companies House records show the business was incorporated on 13 December 2019 and lists James Picton as its sole director. Mr Picton previously served as La Tasca’s group operations director.
CDG acquired La Tasca back in 2015, paying a reported £25m to take over the brand’s 40 UK restaurants. However, within two years it had converted more than two-thirds of the estate into Bella Italia and Las Iguanas.
A spokesperson on behalf of Casual Dining Group said: “The successful sale of these four remaining La Tasca locations enables us to focus investment in our core growth brands of Las Iguanas, Bella Italia, Café Rouge and our Concessions Division.
“We are pleased that our teams’ jobs at these locations have been secured, and we would like to wish them very well, and thank them for their service and dedication.”