Madame Zingara’s and Carlucci’s going under

carluccis-logo
zingara-logoI just read that both Madame Zingara’s and Carlucci’s are going under. This is highly unfortunate because both are great restaurants.

Summary:

  • Zingara’s owes more than R1 million in unpaid rent
  • The owners say this is only a cash flow crisis and that their UK tour will bring in the necessary cash
  • Carlucci’s has debts of about R3 million
  • The two existing branches were bought in 2005 and the new owner started an expansion campaign, opening several new branches
  • It seems the cost of this expansion has put them into serious difficulty

Hopefully buyers step in or the owners can escape bankruptcy.

Get more information here.

  • http://www.madamezingara.com zingara

    its not 1 million in unpaid rent – its 50k
    the idiot who put liquidation proceedings into place wants all the rent for the term of the rent contract out of us
    and he's one of the richest men in cape town (zachron)

  • http://alistairpott.com/ alistairpott

    That sounds good – we would hate to lose Zingara's. Good luck

  • http://www.madamezingara.com zingara

    its not 1 million in unpaid rent – its 50k
    the idiot who put liquidation proceedings into place wants all the rent for the term of the rent contract out of us
    and he's one of the richest men in cape town (zachron)

  • http://alistairpott.com/ alistairpott

    That sounds good – we would hate to lose Zingara's. Good luck