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Carluccio’s administrators consider mothballing group or asset sale

FRP Advisory, adminstrators for Carluccio’s, are currently considering whether to mothball the Italian casual dining chain while using Government support during the COVID-19 pandemic, or to pursue an asset sale right away.

At present, most of the company's 2,000 employees will be paid through the Government's job retention scheme, allowing staff to be paid up to 80% of their salary while these options are explored.

Geoff Rowley, joint administrator and partner at FRP, cited the current coronavirus situation as having hastened the firm’s decline. said, 'We are operating in unprecedented times and the issues currently facing the hospitality sector following the onset of Covid-19 are well documented.

'In the absence of being able to continue to trade Carluccio's, in the short term, we are urgently focused on the options available to preserve the future of the business and protect its employees.'