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		</div><p>Bids have been made for parts of the Carluccio’s business after the dining chain collapsed into administration, as it appears increasing unlikely a buyer will be found for the whole business.</p>
<p>It is understood that interested parties have offered to buy restaurant sites and the brand, after the deadline for bids closed on Wednesday evening.</p>
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<p>British supermarket giant Tesco is understood to have expressed an interest in purchasing a small number of sites, to be potentially converted into Express stores.</p>
<p>Carluccio’s, which employs around 2,000 staff, slid into administration last month after the impact of coronavirus exacerbated the firm’s long-standing financial difficulties.</p>
<p>However, bids have not been forthcoming for the entire 71-site business with potential investors cautious about purchasing the business as a whole, according to trade publication Propel.</p>
<p>Carluccio’s is owned by Dubai-based Landmark Group, which bought the business for £90 million in 2010.</p>
<figure id="attachment_153653" aria-describedby="caption-attachment-153653" style="width: 600px" class="wp-caption aligncenter"><img class="size-full wp-image-153653" src="https://londonglossy.com/wp-content/uploads/2020/04/4182FD08-8B1A-429B-9D40-1B7173AA0EB8.jpeg" alt="" width="600" height="400" /><figcaption id="caption-attachment-153653" class="wp-caption-text">A closed Carluccio’s restaurant in West Bridgford, Nottingham</figcaption></figure>
<p>It is understood that a mix of professional investors and food businesses have highlighted their interest to the administrators at FRP Advisory.</p>
<p>Byron Burger investor Three Hills Capital is among the potential bidders touted to buy a number of sites as well as the brand name.</p>
<p>It is understood that, before the collapse, Three Hills held talks over a merger between Carluccio’s and Byron.</p>
<p>Boparan Restaurant Group, the operator of Giraffe, Ed’s Easy Diner and Slim Chickens, has also reportedly expressed an interest in some of the sites.</p>
<p>The majority of staff at the chain, founded by Antonio Carluccio in 1991, have been furloughed while the insolvency specialists assess all available options.</p>
<p>The company hailed a “landmark ruling” last week as it secured legal backing for staff to receive part of their salaries through the Government’s coronavirus Job Retention Scheme despite the insolvency process.</p>
<p>In March, FRP said Carluccio’s faced “significant cash flow pressures” on the back of the coronavirus pandemic and was unable to meet its financial obligations.</p>
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