Is La Tasca closing down?
Casual Dining Group (CDG) has offloaded the final four La Tasca restaurants on its books, bringing to an end its ownership of the brand less than five years after originally acquiring it.
Who owns La Tasca?
Independent private equity firm Penta Capital has bought the La Tasca chain of Spanish tapas bars for £28.2m. Penta has acquired La Tasca – and kept its management team – through a new company, the Restaurant People Group, which it has formed with in-coming chairman John Barnes, former chairman of Harry Ramsden’s Plc.
How many La Tasca restaurants are there in the UK?
La Tasca was bought from Icelandic bank Kaupthing by Casual Dining Group. The group now owns four of Britain’s best-known chains along with Cafe Rouge, Bella Italia and Las Iguanas. Their 280 UK restaurants makes them one of the UK’s largest privately-owned restaurant groups.
Is Casual Dining Group in administration?
On 2 July 2020, it was announced that the company had been placed into administration, with 91 outlets set to close, with the loss of 1,900 jobs, leaving the group with 159 operational restaurants.
Who owns Bella Italia?
Casual Dining Group
Bella Italia/Parent organizations
In light of the impact of the COVID-19 pandemic, in May 2020 Bella Italia’s owner Casual Dining Group announced that it was working with advisors on next steps for the overall business as a prudent measure to protect the company whilst planning for the future.
What is the meaning of casual dining restaurant?
What Is Casual Dining? Casual dining restaurants have a very relaxed atmosphere but are a step up from fast-food and fast-casual restaurants. A casual restaurant generally has table service, meaning a server takes your order while you’re seated at a table. A food runner or server brings your meal to the table.
What happened casual dining?
Much of 2016 for the restaurant sector has been categorized by declining sales and traffic. For chain restaurants—and particularly the casual dining segment—the effect has been most pronounced, with brands shuttering stores and laying off employees as sales continue to drop.
What happened to Casual Dining Group?
Is Bella Italia in liquidation?
The owner of High Street restaurant chains Café Rouge and Bella Italia has gone into administration. Ninety-one Casual Dining Group outlets will close immediately, and 1,900 of the firm’s 6,000 staff will lose their jobs. Administrators Alix Partners are seeking offers for all, or parts, of the remaining business.
How many restaurants do Bella Italia have?
90 restaurants
Bella Italia (formerly known as Bella Pasta) is a chain of over 90 restaurants offering meals inspired by Italian cuisine in the United Kingdom and Ireland. The chain is part of the Casual Dining Group, who also own Café Rouge and Las Iguanas.
Why is fine dining so expensive?
A fine dining restaurant also has quite a few more staff members than a regular restaurant: sous chefs, dishwashers, additional waiters, sommeliers, etc. Interior: high-quality menus, linen service, decor, a more expensive buildout designed by an interior designer or an architect.