Restaurant chain closes its Cau businesses
The administrators at Deloitte have said the 16 Gaucho sites will remain open while a buyer is sought for that part of the business.
Cau has experienced falling sales for three years, and is now making significant losses, but the Gaucho business is still profitable.
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Hide AdMatt Smith, joint administrator at Deloitte, said: “Unfortunately the Cau brand has struggled in the oversupplied casual dining sector, with rapid over-expansion, poor site selection, onerous lease arrangements and a fundamentally poor guest proposition all being factors in its under-performance.
“As such, the decision has been made to close this loss-making part of the group with immediate effect, unfortunately resulting in today’s redundancies.”