Shoosmiths has picked up a role on Chilango’s company voluntary agreement (CVA), as the Mexican chain joins the recent raft of restaurants undergoing a restructuring process, according to a person with knowledge of the situation.
The chain, which owns 12 restaurants across the U.K., announced its intentions to enter into a CVA last month, and confirmed the proposal for the CVA yesterday (December 9) to “exit non-trading leases, reduce rents in select locations and restructure the company’s debt”, according to a company statement.
