Popular Italian restaurant chain with 13 branches on brink of administration
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A POPULAR Italian restaurant chain is reportedly on the brink of collapsing into administration.
Sky News is reporting that Gusto, which has 13 restaurants across the country, is in trouble.
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The Italian restaurant chain has 13 sites across the UK, including in Manchester and Liverpool
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Interpath Advisory is preparing a pre-pack insolvency of the chain.
Sources told the news outlet that Cherry Equity Partners, the owner of Cabana restaurants, is the likely buyer.
Gusto currently has restaurants in these locations:
Alderley Edge
Birmingham
Cheadle Hulme
Cookridge
Edinburgh
Heswall
Knutsford
Leeds City Centre
Liverpool
Manchester
Newcastle
Nottingham
Oxford.
It's expected the restaurants will be taken over but some job losses are likely.
Insiders have said a deal could be announced in the coming days.
The chain offers classic Italian meals including pastas and sourdough pizzas.
It also hosts Italian-style bottomless brunches and pizza-making experiences.
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