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Landmark deal for Carluccio's
Italian restaurant chain Carluccio's has agreed to a £90.3 million takeover by Middle Eastern retail giant Landmark Group, it was announced yesterday.
Dubai-headquartered Landmark has offered 142p-a-share in cash for Carluccio's, which has 47 restaurants and food shops in the UK.
Carluccio's - founded by celebrity chef Antonio Carluccio and his wife Priscilla in 1991 - said the deal "represents an attractive premium, in cash, at a time of macro-economic uncertainty".
The chain grew profits by 8 per cent to 2.7 million in the six months to 28 March.
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Friday 25 May 2012
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