Restaurant chain Graucho has collapsed into admininstration and will close all of the UK Cau sites.
The administrators,Deloitte say that the UK Cau sites are loss-making, and will instead “focus on maximising the value achievable in the Gaucho business, which is profitable and underpinned by a strong brand”.
All of the Gaucho sites will continue to trade as usual while administrators attempt to find a buyer for the business. They said they would also seek to find potential buyers for the Cau sites. The company employs 1,500 staff across both chains.540 will be made redundant following the closing of Cau
Matt Smith, joint administrator, said: “Unfortunately the Cau brand has struggled in the oversupplied casual dining sector with rapid over-expansion, poor site selection, onerous lease arrangements and a fundamentally poor guest proposition all being factors in its underperformance.”
The Cau chain has not resturants in the region at Didsbury and Media City