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Re: House of Fraser in trouble...
Quote:
Quote from CITY A.M:
Carluccio's has announced its proposal to enter a company voluntary arrangement (CVA) has been backed by creditors, with the closure of 30 restaurants.
The Italian restaurant chain said the proposal was required to restructure the company by ditching a number of loss-making restaurants from its 103 UK sites. Carluccio's said today the process will impact up to 30 restaurants.
More specific details on closures will be made by the company "when practicable".
The Italian chain is following the likes of Prezzo, Jamie's Italian and Byron in entering a CVA, with tough times facing established restaurant chains from rising costs and competition.
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History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
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