Chiquito’s set for administration
Friday, March 27, 2020
Chiquito’s looks to be the first major restaurant groups to collapse due to the COVID-19 lockdown.
The chain Is owned by The Restaurant Group (TRG), who hold a total of 11 different eatery brands. TRG filed a notice to appoint administrators.
This will reportedly put around 1,500 jobs at risk.
The news comes a week after TRG announced a 12.5% sales decrease and that the coronavirus has had a ‘significant’ effect on the business.
Around 20 of Chiquito’s 70+ restaurants are not owned my Chiquito’s Limited and will therefore remain unaffected.