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Wednesday, 4 June 2014

Cafe Rouge owner to go into a CVA?

The Tragus Group, owner of large restaurant chains, Cafe Rouge, Bella Italia and Strada, is considering entering CVAs as part of a restructure to combat £235 million of debt.

Zolfo Cooper are expected to be appointed as supervisors to negotiate rent leases with landlords and possibly put Strada up for sale. It's hoped the restructure will put the business on firm financial footing. See our latest news piece for more on this story: latest-news/owner-of-cafe-rouge-bella-italia-and-strada-considering-cva

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