Lossmaking Little Chef restaurants are closed

18 January 2007
Lossmaking Little Chef restaurants are closed

Little Chef administrator PricewaterhouseCoopers (PWC) has confirmed that the 41 restaurants not included in the rescue deal with RCapital have now shut. A PWC spokeswoman said 596 staff had been made redundant and the leaseholds on the properties had been surrendered to the landlords.

When the business went into administration on 3 January, 198 sites were bought by venture capital group RCapital for a reported price tag of £10m. The 41 sites not included in the deal were closed because they were all making a loss.

At the time of its collapse, Little Chef was making an annual loss of about £3m.

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