Facing the latest high-street blow
Leading steak chain Gaucho is reportedly examining a range of outcomes, including a company voluntary arrangement (CVA), over the future of its 22 Cau branches (its casual dining brand), according to media sources.
If it goes ahead with a CVA, it could spell the end for all the 22 CAU restaurants and put around 750 jobs under threat.
A Gaucho spokesman told MailOnline: ‘As part of a comprehensive strategic review, the group’s new management team with the support of its shareholders, is at the early stages of exploring a number of financial restructuring options.
‘No decisions have yet been made.’
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