Lunch Garden files for bankruptcy but has prepared for bankruptcy: a buyer relaunches 42 restaurants out of 62
Lunch Garden claims to be “working intensively” with the curators and CIM Capital to finalize a recovery plan as quickly as possible.
The company has had a difficult few years recently, particularly struggling to recover from the financial impact of mandatory closures linked to the pandemic. Despite the last two more encouraging years, it remained dependent on financial injections from its main shareholder, the British fund ICG, “which was no longer viable”, she notes.
gullThis is an extremely difficult decision, but it is the only way to ensure a sustainable future and retain as many jobs as possible
