The Italian high street restaurant chain is planning to close 100 restaurants, Sky News is reporting this morning.
The CVA will be overseen by advisory firm AlixPartner, and is likely to involve negotiations with landlords to try to reduce rents at numerous restaurants that remain.
The Italian-themed chain, owned by private equity firm TPG Capital, is set to launch a company voluntary arrangement within days in an attempt to overhaul its finances.
It is thought the moves will place several hundred roles at risk.
The method was also used by Toys R Us in December, which collapsed into administration this week.
Soaring business rates, National Living Wage costs and the Apprenticeship Levy have also taken their toll.
American curling team creates new 'Miracle on Ice'
The triumph of the US curling team at this year's Winter Olympics was a major upset no reasonable person could have seen coming. JOHN LANDSTEINER: Well, first of all, I'm way more nervous now than I was to play for a gold medal.
Well this past weekend the film did it again, smashing more records and moving T'Challa and company closer to billionaire status. It is only the fourth film in history to bring in over $100 million during its second weekend.
Unsurprisingly, Andrew Lincoln wasn't the only member of the Walking Dead team who had a hard time dealing with Carl's death. But it isn't as if the Walking Dead would pretend to kill someone simply to bring them back a few episodes later.
Lip kit mogul Kyle gave her followers a tour around the limited edition LaFerrari as she explained it was a " push present ". According to auto and Driver magazine, the Ferrari La Ferrari starts at $1.4 million and is no longer in production.
Her mother was at Billy Graham's 1957 NY crusade and she said he led her mother to salvation that day. "God bless Billy Graham". Graham's casket was made by inmates at the Louisiana State Penitentiary in Angola, Louisiana in 2006", said Mark DeMoss.
Vincent Zhou, who became the first skater to land a quad lutz at the Olympics, described Nagasu as "the hardest worker I know". First Medvedeva broke the record she'd set the week before during the team competition, then Zagitova broke that record.
He looked to be crowded out but checked back onto his left foot, went around two defenders and drilled the ball low past Bono. Lionel Messi celebrates after scoring a fantastic Ronaldinho-esque free-kick during the La Liga match against Girona FC.
Many parents have been outraged to see their daughters wrestling someone who, effectively, has the strength of a young man. No exceptions are mentioned for " transgender students" or boys or girls undergoing "transitioning" to the opposite sex.
ExxonMobil Corp said it had shut its Hides gas conditioning plant, close to the quake's epicentre, to assess any damage. Papua New Guinea sits on the Pacific Ring of Fire, an area known for seismic upheavals and volcanic eruptions.
We were asking each other repeatedly if Ummi was among those girls that that were just taken away", he said. I know you are working closely with them. "We are sorry that this could have happened and share your pain".
He said he intends to file criminal charges against her employers, who are being hunted by Kuwaiti authorities. The sheer number of Filipino workers overseas makes monitoring their well-being an overwhelming task.
Israeli navy kills Palestinian off Gaza coast
The Israeli military says it has opened fire on a Palestinian boat off the Gaza coast, killing one man who was on board. Fishing is one of the biggest industries in the Gaza Strip, a coastal enclave of nearly 2 million inhabitants.
Holy Shit Kanye West Is Going To Be On 'Family Feud'
If that sounds familiar, it's because her older sister Kim Kardashian hired Joni Lucarelli in 2015 turn her placenta into pills . Writing on her personal app, Khloe said: "I have always heard that women are extra horny when they're pregnant".
Oregon State looks to end regular season on 7-game streak
We had kids who wanted to be champions and worked their butts off. "Our formula for this team hasn't changed much", Altman said. Throw in the dominant performance down low by Ruthy Hebard and the trio combine for 55 points, 17 rebounds and 9 assists.
Strong To Severe Storms Tonight
The active pattern unfortunately continues for the Commonwealth through the weekend as we track another strong system. Minor flooding is possible along smaller creeks and streams due to the recent snow melt and very saturated ground.
Iran warns on nuke deal if banks can not do business
The JCPOA was struck between Iran and Britain, China, France, Germany, Russia and the USA , then led by Barack Obama. Iran warned that the collapse of the deal would thrust the world into another nuclear crisis.