Chain faces administration as it struggles to pay £1m tax bill amid ‘casual dining crunch’
The Argentine restaurant group Gaucho is teetering on the brink of administration, putting 1,500 jobs at risk, as it races to secure a deal that will help it pay a £1m-plus tax bill.
The company is understood to be weighing three potential rescue deals before a late-night deadline for the bill by HM Revenue & Customs on Friday.