Hogan Lovells and Pinsent Masons have taken lead roles on the administration of Gaucho steakhouse's owners.

Hogan Lovells is advising Big Four accountancy firm Deloitte after it was yesterday (19 July) appointed administrator of Gaucho Grill Ltd, the owner of the Gaucho steakhouse chain and the CAU restaurant brand.

All 22 UK-based CAU restaurants will be closed, resulting in 540 redundancies, while Gaucho's 16 bases will remain open as Deloitte seeks a buyer for the business.