Carluccio's bidder uncovered

18th May 2009, 9:49am

The mystery bidder for Italian restaurant chain, Carluccio's, has been revealed as Hutton Collins, an investment firm.

According to reports in The Sunday Times, Hutton Collins has been working on takeover plans for several weeks and earlier this month Carluccio's confirmed an approach had been made.

Hutton Collins has previously backed Pizza Express and fish restaurants Loch Fyne.

The company was floated on the stock exchange in 2005, which allowed Antonio Carluccio and his wife to sell their share for around £11 million.

On Friday shares in the restaurant share closed at 97p.

Related Articles:

• 01 Apr 2010 - Trading across Carluccio's stores is ahead of expectations
• 16 Mar 2010 - Carluccio's switches off for Earth Hour
• 05 Feb 2010 - Restaurant chain Carluccio's is on target to open five more stores this year

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