British Group Announced Bankruptcy of Causal Dining Group

British Group Announced Bankruptcy of Causal Dining Group

Causal Dining Group, one of Britain's most famous restaurant groups, announced that it was bankrupt. Causal Dining Group, which holds restaurant chains such as Café Rouge, Bella Italia, Belgo, Las Iguanas and Huxleys, announced that the group went bankrupt. In the statement made by Casual Dining, 91 of the 250 branches of the group serving under different restaurant brands will be closed; 1,900 of the 6 thousand employees were reported to be fired. The statement, which is said to be held for the sale of restaurants, stated that 150 restaurants are planned to continue operating.

Bankruptcy News Coming From England

Yesterday one of England's famous fast food chains reported that Byrons also went bankrupt; It was said that 1,200 people would be fired. Since the beginning of the week, many companies of the country such as Arcadia, EasyJet, Airbus, Upper Crust, Accenture, Virgin Money, TM Lewin have announced that about 12 thousand people will be laid off. The British economy saw its sharply contraction in the first quarter of 2020, at 2.2 percent, on a quarterly basis since 1979. Leading data for May in England indicate that 612 thousand people lost their jobs in the country. According to the latest data in the country, 9 million people benefit from the British government's salary support in the quarantine process. A report by the University of Essex Social Economic Research stated that more than 6.5 million people could lose their jobs due to the economic deterioration caused by the epidemic in England.