1,500 jobs at risk as restaurants on verge of collapse

Cau, on Castle Street, Liverpool
Restaurant chain Gaucho is on the verge of collapse, putting 1,500 jobs at risk. A notice of intention to appoint administrators has been filed, which gives the company a short window to complete a deal and prevent other winding-up action. Gaucho also operates the Cau restaurants, which has been seeking a rescue deal since May. However a combination of "the complexities of the Group’s legal structure, ongoing underperformance at CAU and the level of indebtedness" have been blamed for no deal being completed. Gaucho s... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...