Italian restaurant chain Gusto will be acquired by Cherry Equity Partners, resulting in the closure of six out of 13 restaurants and 190 job losses. The investment company, led by Ed Standring and Jamie Barber, will purchase seven locations, preserving over 300 jobs. The closures mainly affect smaller suburban restaurants deemed economically unviable. Interpath Advisory UK chief executive Will Wright stated that this deal will safeguard the future of the brand, which has been serving customers for over 20 years. This acquisition is Cherry Equity Partners’ third deal in 2025, following the buyouts of Cabana and Bistrot Pierre. Gusto, founded in 2005, faced challenges during the pandemic and entered a voluntary arrangement in 2020. In 2024, the chain closed its Didsbury restaurant after Oliver Bonas took over the site. Gusto chief executive Paul Moran expressed regret over the closure of six restaurants but highlighted the support from staff and loyal customers. The divestiture has secured the future of the business and provided a stable platform for growth.

Read more at Yahoo Finance: Italian restaurant chain Gusto to be acquired by Cherry Equity