Sad news for fans of family-friendly Italian restaurant chains: Gusto, a beloved restaurant chain which is mostly based in northwest England and the Midlands (but also has an outpost in Oxford) has announced that nearly half of its 13 UK sites will soon close.
In recent weeks Gusto has been reportedly on the verge of collapse, with the chain increasingly likely to be sold as part of an insolvency agreement. Yesterday (July 29) that sale was officially confirmed, with Cherry Equity Partners acquiring the majority of Gusto.
As part of the sale agreement, seven Gustos will remain open and 300 jobs have been saved. However, that means the remaining six restaurants will shut, resulting in 190 redundancies.
Commenting on recent developments, Gusto Restaurants CEO Paul Moran said: ‘This investment marks an important step forward for Gusto, ensuring the future of the business and putting in place a strong and stable platform upon which we can start to grow the business again.
‘We are profoundly sorry to see six of our restaurants close and are tremendously grateful for the support of our staff and our loyal customers at these locations over the years.’
Which Gusto restaurants are closing?
Gusto has confirmed that the following restaurants will close.
Which Gusto restaurants will stay open?
The following seven Gustos will be staying open.
- Liverpool
- Birmingham
- Cheadle
- Knutsford
- Manchester
- Nottingham
- Oxford
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