It has been confirmed that Exeter’s Las Iguanas will not reopen following a takeover of the company.
Casual Dining Group has been taken over by The Big Table who has acquired the Las Iguanas, Bella Italia and Café Rouge brands.
It has already previously been announced Exeter’s Café Rouge will remain permanently closed, and today it has been revealed that neither will Las Iguanas in Queen Street.
However, Bella Italia, which is also located in Queen Street, will open but no reopening date has yet been confirmed.
The nearest Las Iguanas will now be in Torquay.
A spokesperson for The Big Table said: “In terms of our restaurants in Devon, we can confirm that Bella Italia Plymouth Barbican, Bella Italia Exeter and Las Iguanas Torquay will be reopening, and are part of the new business.
“As you can imagine, we’re still finalising reopening plans and are working hard to reopen all our sites as soon as possible.”
Last week it was confirmed a new business formed by private equity firm Epiris had concluded a deal to take control of the Las Iguanas, Bella Italia and Café Rouge restaurant businesses.
The business, formerly known as Casual Dining Group (CDG), was acquired from administration, preserving more than 4,000 jobs across the UK and over 150 restaurants.
The new business, through which Epiris has made the acquisition, is called The Big Table. Epiris has invested significant cash into the business to help spark a rapid unlocking of the group’s operations, with its restaurant businesses said to be starting to reopen across the UK this week.
It has also made a further commitment for future funding. The new business will carry no external debt.