Carluccio’s could close 30-plus restaurants as restructure is approved

Chain is latest casualty of casual dining crunch, which has hit Byron and Jamie’s ItalianLandlords of struggling Italian chain Carluccio’s have backed a restructuring plan that could result in the closure of more than 30 of its restaurants. On Thursday, 91% of the restaurant chain’s creditors voted in favour of a company voluntary agreement (CVA), an insolvency procedure that is currently being used by restauranteurs and retailers to shed loss-making sites. Continue reading...