BusinessGaucho blow to landlords as its collapse loomsRestaurant chain Gaucho is poised to enter administrationPress imageJoanna Hodgson19 July 2018 Landlords were on Thursday “disappointed” as they started to make plans for finding new tenants ahead of the looming collapse of upmarket steakhouses chain Gaucho.Directors of the restaurants firm have filed notice of intention to appoint Deloitte as administrators for the business, which is owned by the private equity firm Equistone. It puts 1500 jobs at risk. There are 39 restaurants, of which 20 are in London, in the Gaucho and Cau chains. The numerous building owners exposed include developer TH Real Estate and US private equity firm Blackstone.Trade body British Property Federation’s chief Melanie Leech said: “It’s disappointing that Gaucho has been unable to agree a way forward with its funders and that so many jobs are at risk as a result. Property owners and other creditors will also be hit.”Read MoreWH Smith hire turnaround veteran with package that could be worth £25mBlue Posts boss: If opening a pub becomes so risky, people just won't do itCulpeper pub boss: Rates system is not fit for purpose — and not fairSponsoredIncredible days out and trips for autumn and winterGaucho is the latest victim of the casual dining crunch which has seen chains such as Byron Burger and Jamie’s Italian axe sites this year.MORE ABOUTGaucho
