Bury St Edmunds Café Rouge owner falls into administration
A company which owns a Bury St Edmunds restaurant has fallen into administration.
Casual Dining Group owns chains including Las Iguanas, Bella Italia and Café Rouge, which has a restaurant in Abbeygate Street.
The company said 91 of its 250 outlets will close immediately with 1,909 job losses.
James Spragg, CEO of Casual Dining Group, said: “After reviewing all our options with advisors, it became clear that we needed to take this action in order to protect the business and secure the best possible future for Casual Dining Group as we look to conclude a potential sale.
"We are acutely aware of our duty to all employees and recognise that this is an incredibly difficult time for them.
"Working alongside the administrators we will do everything we can to support them through this process with a view to preserving as much employment as we are able to.”
Joint Administrator Clare Kennedy, of Alix Partners, said: “We appreciate that this is an extremely difficult time for all those associated with Casual Dining Group.
"Our immediate priorities are to assist those whose employment has been affected by today’s announcement and to secure a sale for the group in order to protect jobs and provide the Group’s much-loved brands with a sustainable platform for the future."
