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Chiquito on the verge of collapsing into administration

Chiquito Ipswich

The Restaurant Group (TRG) has filed a notice of intention to appoint an administrator for its Mexican restaurant chain Chiquito.

The company, which also owns Wagamama and Frankie & Benny’s, said it would also shut its Food and Fuel chain of pubs in London.

Around 1,500 jobs are likely to be affected by the move, which comes as the business struggles to cope with the economic fallout of the coronavirus crisis.

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A total of 60 Chiquito sites will remain closed, according to reports.

A spokesman told the media: “Covid-19 has had an immediate and significant impact on trading across the group. We have conducted a review of the performance of our business divisions, with a particular focus on the expected future cash generation profile of each of our business units.”

He added that both Food & Fuel and Chiquito were expected to post losses this year.

“The decisions have been incredibly difficult and we recognise the significant impact on all of our colleagues that are affected. We thank them for their hard work and commitment during these very testing times.”

Business advisory firm RSM is understood to have been appointed to manage the administrations. FEJ has contacted them for comment.

Menu cull eases food prep burden for Chiquito’s 85 kitchens

Tags : ChiquitocoronavirusRestaurants
Andrew Seymour

The author Andrew Seymour

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