The Gaucho group is a big business, in and out of public ownership in recent years: floated in 1999, taken private again in 2002, and bought out by its original owner, Zeev Godik, in 2005, for £23.5 million, before being sold on to private equity group Phoenix for £55 million. Late last year, yet another flotation, valuing the company at about £110 million, was briefly mooted but then withdrawn.