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Wed 31st Aug 2016 - CAU managing director departs as Gaucho Group restructures business
CAU managing director departs as Gaucho Group restructures business: CAU managing director Graham Hall has departed the casual dining brand as parent company Gaucho Group restructures the business. Hall, who has been managing director for the past three-and-a-half years will be succeeded by Richard Clark, currently CAU operations director. Gaucho Group chief executive Zeev Godik said: “We have taken this opportunity to restructure the group in order to ensure Gaucho and CAU are in the best possible position for both brands to grow and develop successfully and I am delighted to say that Tracey Matthews, currently managing director at Gaucho, will have an immediate and expanded role as chief operating officer, embracing both the Gaucho and CAU brands. We have also widened Suresh Banarse’s role to make him global HR director across the two brands, and we will shortly be confirming a new managing director for Gaucho.” Earlier this year, Sector investor Luke Johnson took a significant minority stake in Gaucho on a personal basis rather than through his Risk Capital Partners vehicle. The company, which was acquired by private equity firm Equistone for circa £100m at the start of this year, currently has 21 CAU sites as well as 15 Gaucho sites. It also operates the brand in Dubai, Hong Kong and Buenos Aires.

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