Overview

• Cherry Equity Partners has acquired Gusto Italian through a pre-pack administration arranged by Interpath Advisory to stabilize the chain’s operations.
• The rescue deal will close six restaurants, resulting in approximately 190 redundancies at smaller suburban locations.
• Seven core sites will remain open, safeguarding over 300 jobs across the UK.
• Affected closures include venues in Alderley Edge, Cookridge, Edinburgh, Heswall, Leeds and Newcastle.
• Gusto’s financial strain echoes wider sector-wide pressures from rising wage bills, higher National Insurance costs and post-pandemic inflation.