casual dining group administration


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[15], In April 2012 it was announced that Graham Turner would step down as Tragus chief executive. CDG operated restaurants primarily under the Bella Italia, Café Rouge and Las Iguanas names. The closures will impact 1,909 restaurant based colleagues amongst the Group’s current staff base of 5,959. CDG's collapse into administration has come during the most turbulent period in Britain's casual dining industry, with hundreds of thousands of jobs at risk as a consequence of the pandemic. The Casual Dining Group – owners of Bella Italia, Cafe Rouge and Las Iguanas, among others – has filed a notice of intention to appoint administrators. [29], On 18 May 2020, during the COVID-19 pandemic, CDG announced that it was working with advisors on next steps for the business as a prudent measure to protect the company whilst planning for the future. Sign up to our free newsletter and get the latest news sent direct to your inbox. Get the latest news & analysis from the UK hospitality sector straight to your inbox! [5] Legal & General Ventures installed a new management team which included appointing new chief executive Graham Turner (formerly managing director of the Unique Pub Company). [26][27] Also in 2018, Apollo sold its stake in the group to Kohlberg Kravis Roberts and Pemberton Capital Advisors (the two had provided loan finance since 2015). var vOut=""; Become an independent Inspire travel homeworker.... £26000 - £29000 per annum + Benefits! “These notifications will also protect the company from any threatened potential legal action from landlords while we review the detail of the government advice and formulate a plan for the company in these difficult times.”.

Ninety-one Casual Dining Group outlets will close immediately, and 1,900 of the firm's 6,000 staff will lose their jobs. It also operates sites under the Belgo, Huxleys, Oriel Grande Brasserie and La Salle brands. Working alongside the Administrators we will do everything we can to support them through this process with a view to preserving as much employment as we are able to.”, Joint Administrator Clare Kennedy, of Alix Partners, said: “We appreciate that this is an extremely difficult time for all those associated with Casual Dining Group. }); The group, which owns the Bella Italia, Café Rouge and Las Iguanas brands, appointed Clare Kennedy, Peter Saville, Daniel Imison and Catherine Williamson of Alix Partners LLP as joint administrators earlier today (2 July), ahead of an expected sale of the business. The company's business model was said to depend on paying servers as little as £2.50 an hour, with the rest coming as tips.

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