Pedestrians walk past a Gaucho restaurant in central London on July 19, 2018, following the news that the business has fallen in to adminstration. - Deloitte, the administrators for the business, said that the 16 Gaucho sites will remain open while a buyer is sought, but all 22 Cau restaurants are set to close with the loss of over 500 jobs. (Photo by Tolga AKMEN / AFP) (Photo credit should read TOLGA AKMEN/AFP via Getty Images)

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Valuation stalemate comes amid pressures in the casual dining sector

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Professional Services Correspondent

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The owner of Argentinian-themed steak chain Gaucho is holding out for better offers after taking interest from private equity firms about selling the group.

In a sign of the current stalemate over market valuations, Investec and SC Lowy have not found a buyer willing to meet their price for Rare Restaurants, which owns brands Gaucho and M.

Sebastian McCarthy

Edin Imsirovic

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Gaucho owner holds out for better offers

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