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