Carluccio's in Norwich may close after restructuring plan is approved
PUBLISHED: 17:14 31 May 2018 | UPDATED: 19:06 31 May 2018
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The Norwich branch of Carluccio's could close after the agreement of a restructuring programme.
Some 500 jobs at the Italian chain are in doubt after creditors approved a company voluntary arrangement (CVA) on Thursday.
Its Chapelfield branch was named among the restaurants at risk following the announcement of the restructuring plan last month.
The CVA will allow the chain to renegotiate rents with its landlords, but around 30 restaurants – almost a third of its premises – could still close.
Mark Jones, chief executive of Carluccio’s, said: “I would like to thank our landlords for their support. We now look forward to a positive future and the on-going development of the Carluccio’s business and of course our passionate people.”
Founded in 1999 by the late Antonio Carluccio, the restaurant chain was bought by Dubai-based Landmark Group for £90m in 2010. To help Carluccio’s in the months ahead, Landmark will invest a further £10m in the business.