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

Carluccio's takeover deal declared unconditional

04 October 2010 by

Landmark's £90m takeover deal of Italian restaurant chain Carluccio's has been declared unconditional.

In effect it means that Dubai-based Landmark's bid has been successful, and that Caprice Holdings owner and major shareholder Richard Caring has chosen not to oppose the move.

Landmark, which holds the franchise for Carluccio's in the Middle East, currently has 74.6% of the issued share capital in the company. It plans to delist Carluccio's from the Alternative Investment Market once 90% is reached.

Industry commentators said the deal at the start of September had single-handedly turned the restaurant deals market on its head, with operators changing their expectations of the value of their businesses overnight as a consequence.

Carluccio's management team, including chief executive Simon Kossoff and chairman Stephen Gee, are to be kept on following the takeover.

Post recession scramble reignites restaurant deal activity >>

Carluccio's agrees to £90.3m takeover offer from Landmark >>

By Chris Druce

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.caterersearch.com/tabletalk

Caterersearch.com jobs

Looking for a new job? Find your next job here with Caterersearch.com jobs

[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
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.

close

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