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Carluccio’s is latest to develop taste for CVAs

The Italian restaurant chain founded by Antonio Carluccio is set to become the next casual dining operator to be restructured by means of a company voluntary arrangement.

The Times understands that Carluccio’s has hired KPMG to advise on a CVA to enable the chain to shed or secure a rent reduction on about a third of its 103 UK restaurants.

Carluccio, the chef who died last year, and his then wife opened their first Carluccio’s Caffè in 1999.

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