- What Restaurant group Carluccio’s asks landlords for three-month rent holiday
- Why Huge drop in footfall due to coronavirus
- What next Others expected to follow suit
Restaurant group Carluccio’s has asked its landlords for a three-month rent holiday after experiencing a major decline in footfall due to the coronavirus outbreak.
Mark Jones, the group’s chief executive, said the group had seen “extraordinary” declines in footfall, with its site in Canary Wharf seeing a drop of 40% in the past week.
The restaurant group has around 70 restaurants and circa 40 different landlords. The chain has been owned by Dubai-based Landmark Group for around 10 years, and like many other casual dining chains, was forced to restructure and close restaurants in the last two to three years.
According to the Financial Times, Jones said: “Our modelling is that things are going to get a lot worse for a long time before we can even talk about it getting better.
“I don’t know of any company that is not talking to their landlords.”
Other casual dining chains, including Franco Manca and Zizzi, have also been reported to be looking for rent relief in the face of the coronavirus pandemic.