Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Gaucho considering sale in ongoing business review

24 May 2018 by
Gaucho considering sale in ongoing business review

Equistone, the owner of the Gaucho restaurant group, is considering the sale of the business as part of an ongoing review.

The news comes two weeks after it emerged that Gaucho had appointed KPMG to advise on the future of casual dining brand Cau, with closures and a Company Voluntary Agreement (CVA) on the cards. Reports had circulated that about 700 jobs could be at risk among the 20 sites across the UK.

A Gaucho spokesperson said: "Having completed a strategic review and engaged with key stakeholders, the directors have instructed advisers to commence an options process. The process aims to secure a viable long-term structure for the business. This may or may not lead to a sale."

Gaucho recently underwent a management shake up with the departure of Richard Clark, who stepped down as managing director of Cau restaurants in September 2017 and the appointment of Oliver Meakin as chief executive officer of the Gaucho Group in January following the departure of Zeev Godik who held the position for 41 years.

CAU sites at risk as Gaucho explores CVA >>

Oliver Meakin replaces Zeev Godik as CEO of Gaucho Group >>

Gaucho Group's Zeev Godik steps down after 41 years >>

Get The Caterer every week on your smartphone, tablet, or even in good old-fashioned hard copy (or all three!).

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking