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  "path": "/money/veeno-bars-administration-market-pressures-high-street",
  "publishedAt": "2026-04-14T15:22:38.000Z",
  "site": "https://www.gbnews.com",
  "tags": [
    "Major British pet brand used by over 100,000 owners COLLAPSES after 25 years of trading",
    "American fast food chain Chipotle to open raft of new restaurants on Britain's high streets",
    "Leon declares 'the high street is dead' as Labour ‘kills the restaurant industry' with tax burden",
    "The GB News Editorial Charter"
  ],
  "textContent": "\n\n\nVeeno Bars has entered administration as mounting financial pressures continue to impact the UK’s casual dining sector.\n\nThe Italian wine bar and restaurant chain formally appointed administrators on April 8 in a move aimed at protecting the business from collapse.\n\n###\n\n\n\n\nFounder, Nino Caruso, told The Sun: \"Like many businesses in the UK casual dining sector, we have faced a combination of well-documented market pressures in recent years, including rising operating costs and challenges within the property landscape.\"\n\nHe added: \"This process allows us to address those factors, realign the business, and ensure a more sustainable foundation for the future.\"\n\n###\n\n\n\n\nTRENDING\n\nStories\n\nVideos\n\nYour Say\n\n###\n\n\n\n\nThe administration notice was published in the London Gazette on Monday.\n\nVeeno was founded in Manchester in 2013 by Italian entrepreneurs Nino Caruso and Andrea Zecchino, with the aim of introducing authentic \"Aperitivo\" culture to UK customers.\n\nThe brand distinguished itself within the hospitality sector through its wine selection, which is sourced directly from the founders’ family vineyard, Caruso & Minini, located in Marsala, Sicily.\n\nIts direct sourcing model enabled the business to offer wines not typically available through standard retail channels.\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nVeeno also became known for its Mediterranean-style platters featuring cured meats and cheeses, which were served alongside its wine offerings.\n\nThe chain expanded beyond Manchester in the years following its launch, opening sites in Bristol, Durham, Edinburgh, Leeds and Leicester, as well as an international location in Wroclaw, Poland.\n\nAll five remaining UK sites now face potential closure if efforts to restructure or sell the business are unsuccessful.\n\nDavid Kemp and Richard Hunt, joint administrators from Exigen Group Limited, have been appointed to oversee the process for Vintage Corporation Ltd, the company’s legal operating entity.\n\n### LATEST DEVELOPMENTS\n\n\n\n\n  * Major British pet brand used by over 100,000 owners COLLAPSES after 25 years of trading\n  * American fast food chain Chipotle to open raft of new restaurants on Britain's high streets\n  * Leon declares 'the high street is dead' as Labour ‘kills the restaurant industry' with tax burden\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nThey will provide the business with an opportunity to restructure operations, secure a buyer, or achieve a better outcome for creditors than immediate liquidation.\n\nVeeno Bars has already reduced its footprint in recent years, with its original Manchester flagship site permanently closing in August 2022.\n\nIts Chester branch also confirmed its permanent closure on February 25 this year.\n\nThe current portfolio includes sites in Bristol, Durham, Edinburgh, Leeds and Leicester, with uncertainty remaining over the future of staff across these locations.\n\n###\n\n\n\n\n###\n\n\n\n\nThis is the second time the business has entered administration, following a previous collapse in 2019.\n\nDuring that period, investor Rodrigue Trouillet acquired the company after joining as a partner at the end of 2018, with the deal preserving around 70 jobs.\n\nThe brand has operated under several corporate structures since its founding.\n\nIt was originally incorporated as Veeno Ltd in 2013 before entering administration in early 2019.\n\n###\n\n\n\n\n###\n\n\n\n\nVintage Corporation Ltd was established in 2023 to oversee the current structure of the business before it entered administration on April 8.\n\nAdministrators will now assess whether the chain can be sold as a going concern or restructured to secure its future.\n\n###\n\n\n\n\n\n\n\n\n\n\n**Our Standards: The GB News Editorial Charter**",
  "title": "UK restaurant chain enters administration amid rising ‘market pressures’ as high street woes continue"
}