Last night, Italian restaurant chain Carluccio’s announced that it had fallen into administration, blaming ‘challenging trading conditions’ created by the ongoing coronavirus pandemic.
Business Advisory firm FRP has been appointed administrators. The firm’s role will include mothballing Carluccio’s business by using government support, as well as trying to sell all or parts of it.
More than 2,000 Carluccio’s employees will be paid through the government’s job retention scheme. This allows for staff to be paid up to 80% of their salary during the current crisis.
Geoff Rowley, Joint Administrator and Partner at FRP, said: “We are operating in unprecedented times and the issues currently facing the hospitality sector following the onset of Covid-19 are well documented.
“In the absence of being able to continue to trade Carluccio’s, in the short term, we are urgently focused on the options available to preserve the future of the business and protect its employees.
“As this fast-moving situation progresses, we will remain in regular communication with all employees and key stakeholders, and will provide a further update in due course.”