Giggling Squid saved by £5m rescue deal

Casual dining chain Giggling Squid has sealed a multimillion-pound rescue after being taken to the brink of collapse by the coronavirus pandemic. The Thai restaurant operator, which was put up for sale with a £50m price tag last year, has agreed an emergency £5m loan, safeguarding almost 1,000 jobs. Giggling Squid operated across 35 sites before the lockdown and had attracted the attention of the likes of Leon backer Active Partners and LDC, the venture capital arm of Lloyds Banking