• Latest News
  • Restaurant News
  • Hotel News
  • Catering News
  • Chef News
  • Pub & Bar News
  • Supplier News

Hospitality & Catering News

hospitality and catering news

CDG signal multiple offers on the table amidst administration

By James Russell: CDG signal multiple offers on the table amidst administration

July 3, 2020

As the casual dining sector looks set to be one of the worst to be impacted from the Covid-19 crisis in hospitality, Casual Dining Group, now in administration, has received multiple bids to save part of its portfolio.

Entering into administration sees 91 CDG venues close immediately with 1,900 workers losing their jobs, almost a third of the 6,000 total. That still sees 159 venues remain open and some set to reopen tomorrow, although precise reopening numbers have not been released.

The group is now for sale through administrators who are seeking buyers for the whole group, or parts. Restaurant chains Bella Italia, Belgo, Café Rouge, Huxleys, Oriel and Las Iguanas are all for sale.

Administrators Alix Partners are seeking offers for all, or parts, of the remaining business.

Like so many high street hospitality operators CDG struggled with rent payments following empty restaurants post lockdown and applied in May to appoint administrators at the High Court.

Yesterday, the company tried to remain bullish saying that it had already received “multiple offers” for the business. CEO, James Spragg was pragmatic saying: “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.”

UK high streets were finding business challenging before the impact from Covid-19, many will be unrecognisable if closures continue at the present rate.

 

Reopening: Measure twice cut once

All Covid-19 News can be seen here.

The Covid-19 Top 20 News Pages can be seen here.

The Covid-19 crisis in hospitality is also being featured in our Facebook and twitter social media

casual dining administration – 3 July 2020 – casual dining administration

Email Newsletter

Subscribe to our email newsletter and keep a close eye on the UK hospitality and catering business

Subscribe to our email newsletter and keep a close eye on the UK hospitality and catering business

Search for hospitality and catering business news

H&C Email Newsletter

Keep a close eye on business across hospitality and catering 

Tweets by HandCNews

News Categories

  • Latest News
  • Restaurant News
  • Hotel News
  • Catering News
  • Chef News
  • Pub & Bar News
  • Supplier News

Copyright © 2025 · Magazine Pro Theme on Genesis Framework · WordPress · Log in