Purchase of Argentinian-themed chain ‘offers the best outcome for all parties’
More than 700 jobs are set to be saved after the Gaucho restaurant chain was bought out by its lenders.
Investec Bank and debt specialist SC Lowy, who were together owed about £50m by Gaucho’s parent Gioma, plan to acquire the Argentinian-themed chain’s 16 restaurants which employ 750 people via a credit bid.
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