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July 02, 2015 8:36 AM ET

Hotels, Restaurants and Leisure

Company Overview of Casual Dining Group Ltd.

Company Overview

Casual Dining Group Ltd. owns and operates a chain of casual dining restaurants in the United Kingdom. Its restaurants serve French dishes and wines; and British food and snacks, including soups, sandwiches, baked potatoes, fish and chips, bangers, mash and chicken, and ham pies. The company was founded in 2002 and is based in London, United Kingdom. Casual Dining Group Ltd. is a former subsidiary of Whitbread PLC.

163 Eversholt Street

Camden Town

London,  NW1 1BU

United Kingdom

Founded in 2002

Phone:

44 20 7121 3200

Fax:

44 20 7121 3222

Key Executives for Casual Dining Group Ltd.

Director of Property and Member of Management Board
Member of Management Board and Managing Director of Bella Italia & Strada
Compensation as of Fiscal Year 2015.

Casual Dining Group Ltd. Key Developments

Prezzo Reportedly Eyes Strada

Prezzo plc (AIM:PRZ) reportedly eye Strada Ltd. of Tragus Ltd. Prezzo is understood to be among a pack of suitors assembling bids for the company. Tragus required a financial bail-out after it was saddled with £325 million of debt used to finance a takeover by Blackstone, the private equity house in 2006. It is expected to face rival interest from private equity and well-known entrepreneurs such as Richard Caring, whose Caprice Holdings group.

Tragus Reportedly Plans To Sell Strada

Tragus Ltd's (Tragus Group), the owner of the Café Rouge Limited (Cafe Rouge) and Strada Ltd. (Strada) is preparing a sweeping financial restructuring that will result in the break-up of one of the UK’s biggest restaurant operators. Sky News has learnt that Tragus Group is considering the launch of company voluntary arrangements (CVAs) that would enable it to shed or restructure some of its rent obligations at Cafe Rouge and Bella Italia, another of its businesses. It is also poised to launch a sale process for Strada. Restaurant industry sources said that Tragus could make an announcement about the restructuring proposals as soon as June 4, 2014. Zolfo Cooper, a professional services firm, is understood to have been lined up to oversee the financial overhaul. Spokespeople for Tragus and Zolfo Cooper declined to comment.

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