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\n\t\tC\u00f4te has reportedly been put up for sale (Picture: Getty Images)<\/p>\n
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\n\t\tC\u00f4te has reportedly been put up for sale (Picture: Getty Images)<\/p>\n
The major restaurant chain C\u00f4te has been put up for sale, with 70 locations at risk of closing down, it\u2019s reported.<\/p>\n
Partners Group, the private equity firm that took control of the French themed restaurant at the height of the pandemic, is looking for new investors, according to Sky News.<\/a><\/p>\n C\u00f4te was brought out of administration by Partners Group in 2020 in a deal said to be worth \u00a355 million. <\/p>\n Interpath is marketing the company based on 2024\u2019s turnover of more than \u00a3150 million, sources close to the sale sale. <\/p>\n C\u00f4te currently has more than 70 locations across the country, compared to around 100 before it went administration.<\/p>\n \t\t\t\tSign up for all of the latest stories\t\t\t<\/p>\n Start your day informed with Metro’s News Updates<\/a><\/strong> newsletter or get Breaking News<\/a> <\/strong>alerts the moment it happens. <\/p>\n Earlier this month London restaurant chain Ping Pong closed down <\/a>after more than two decades on the\u00a0high street<\/a>.<\/p>\n The dim sum specialists, founded in Soho in 2004, had 13 branches at their peak before slimming down to four more recently.<\/p>\n \t\t Kate Nicholls, chair of UK Hospitality warns many more restaurants will shut if action isn\u2019t taken soon.<\/p>\n \u2018If we carry on with these trends and the situation doesn\u2019t improve \u2014 and clearly Rachel Reeves\u2019s statements are giving a signal to consumers that it is not going to get better any time soon \u2013 then I would see this accelerating,\u2019<\/p>\n \u2018Unless there is a change of tack by the government, we are looking at 150,000-200,000 fewer workers in hospitality during the first full year of [employer national insurance contribution] changes.\u2019<\/p>\n The Metro has contacted Partners Group for comment. <\/p>\n Get in touch with our news team by emailing us at webnews@metro.co.uk<\/a>.<\/strong><\/strong><\/strong><\/p>\n For more stories like this, <\/strong>check our news page<\/strong><\/a>.<\/p>\n Arrow Arrow![\"Mandatory](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/07\/SEI_258668209-aa78.jpg\")
\n\t\tC\u00f4te went into administration during the pandemic (Picture: Geoffrey Swaine\/Shutterstock)<\/p>\n
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