A new business is set to take over the Las Iguanas, Bella Italia and Cafe Rouge restaurant chain - and it is hoped that eateries marked for closure will now soon reopen. Credit card tips were used by the company to subsidise wages (which are usually the legal minimum) whereas cash tips go directly to waiting staff.In 2015, Bella Italia amended its policy to ensure all employees are permitted to keep all tips and service charges paid in cash and are free to share their tips with colleagues if they so wish. The owner of some of the UK's biggest restaurant chains has said it will reopen hundreds of branches next month, despite entering administration a fortnight ago. When tips or service charges are paid for by credit card or debit card, the restaurant does take a 2.5% administration charge to cover bank fees before distributing the remainder in full to employees.In November 2015 the chain received the worst rating of all restaurants surveyed in an assessment of the sustainability of its seafood.In June 2012, Bella Italia began officially supporting "KKR and Pemberton Capital Advisors, another financial investor, have controlled CDG since early 2018, when they took control from Apollo Global Management.Prior to the lockdown, and under new management, CDG's performance is understood to have improved.Last year, it appointed Rooney Anand, the former boss of pub and restaurant group Greene King, as its new chairman.Since the outbreak of the pandemic, a broad array of restaurant operators, such as Prezzo and Wahaca, have drafted in professional advisers to explore their financing options.Others, including the burger chain Byron, have decided to kick off formal sale processes.Carluccio's and Chiquitos have found themselves unable to avoid insolvency proceedings.The deal, if completed, should salvage the jobs of about 900 of the company's 2,000 staff. CDG's franchise restaurant brands include Bella Italia, Cafe Rouge and Las Iguanas Why you can trust Sky News The owner of the Bella Italia restaurant chain is in talks with creditors about a radical restructuring that will involve …

Bella Italia started life as two small restaurant chains - Pastificio and Pizzaland - which were part of the Grand Metropolitan group. Their employees are required to declare the income generated from cash tips to HM Revenue & Customs for tax purposes. City editor In September 2013, Bella Italia began a partnership with the The menu combines pizza and pasta, which is their main focus, with a range of grill and speciality dishes.In 2009 the company was found to be threatening to dismiss waiting staff who do not get customers to pay tips on credit cards rather than in cash.

This month alone, Bella Italia, Cafe Rouge and Las Iguanas – chains all owned by the business Casual Dining Group – have all confirmed that a number of their restaurants … Bella Italia started life as two small restaurant chains - Pastificio and In February 1993, BrightReasons purchased 43 Pizza Piazza and Prima Pasta restaurants from In May 1994, BrightReasons started preparing for a stock market flotation, and the group was expected to be valued at between £70m-£100m.In November 1996, BrightReasons was put up for saleIn December 2002, the Bella Pasta chain was rebranded as Bella Italia and the first fully branded restaurant opened in Leeds. CDG's franchise restaurant brands include Bella Italia, Cafe Rouge and Las IguanasSky News reported earlier on Monday that 900 jobs were on the verge of being saved at Carluccio's The full list of 91 Bella Italia, Cafe Rouge and Las Iguanas restaurants that will close has been revealed. Coronavirus: Bella Italia owner in talks with creditors about restructuring

The owner of the Bella Italia restaurant chain is in talks with creditors about a radical restructuring that will involve an injection of substantial new funds by its shareholders.Sky News has learnt that Casual Dining Group (CDG), one of the UK's biggest high street restaurant operators, is close to unveiling plans for a series of insolvency arrangements aimed at putting the business on a sustainable long-term footing.Sources said on Monday that an announcement was likely to be made this week.It is expected to involve company voluntary arrangements (CVAs) for two of its three brands - Bella Italia, Café Rouge and Las Iguanas - with the other being placed into administration.The proposals represent the latest evidence of how the Many thousands of restaurant staff across the country have been furloughed under the government's Coronavirus Job Retention Scheme, including many CDG employees.Prior to the UK-wide lockdown starting in March, CDG trades from roughly 250 outlets across the UK, and employs about 6,000 people, making it one of the largest restaurant operators in Britain.A number of CDG's sites are understood to have been earmarked for closure, with many of the remaining sites likely to be the subject of negotiations about rent reductions.Preliminary talks are understood to have got under way with landlords late last week.One source close to CDG said the objective of the plan was to preserve as many jobs and restaurants as possible.CDG, which is controlled by the private equity giant KKR, is understood to have appointed the advisory firm AlixPartners to work on the restructuring.The company's largest brand, Bella Italia, trades from more than 100 sites, while there are roughly 60 Las Iguanas and Café Rouge restaurants apiece.Responding to an enquiry, a spokesman for CDG said: "As is widely acknowledged, this is an unprecedented situation for our industry and, like many other companies across the UK, the directors of Casual Dining Group are working closely with our advisers as we consider our next steps.

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