Kirkland Advises Restaurant Chain Owner On Administration
The company that owns Cafe Rouge and other restaurants is the latest in a string of retailers collapsing in the U.K.
May 19, 2020 at 07:47 AM
2 minute read
Restaurant chains are suffering amid the pandemic.
Kirkland & Ellis is advising the owner of several U.K. high street restaurant chains on its collapse, as the dining industry continues to be hit by the financial impact of the COVID-19 pandemic.
The Casual Dining Group – owners of Bella Italia, Cafe Rouge and Las Iguanas, among others – has filed a notice of intention to appoint administrators.
According to a person close to the situation, Kirkland is advising the group in its latest administration mandate.
The firm recently picked up a role alongside Freshfields Bruckhaus Deringer on high street department store Debenhams' second restructuring process in a year.
The U.K. retail market continues to suffer during the pandemic.
In March, Italian restaurant chain Carluccio's Limited entered administration, with Ashurst advising.
Meanwhile, homeware brand and fashion chain Laura Ashley and U.K. rent-to-buy company BrightHouse were both earlier victims of the strained retail situation.
Read More:
Kirkland Called In As UK High Street Woes Continue
Ashurst Grabs Second High Street Administration Mandate In Days
UK Firm Leads as Laura Ashley Falls Into Administration
Ashurst and Freshfields Take Latest High Street Administration Mandate
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