Simone Falco, the UK managing director of Rossopomodoro, the Italian restaurant chain, is to step down to oversee the group’s US operations, M&C Report has learnt. Falco’s move comes after private equity group Change Capital acquired a majority stake in the company, which comprises 113 outlets in Italy and eight overseas, including two in the US, in January this year. The deal valued the business at around Eu53m (£44.7m). Rossopomodoro first launched in the UK in 2006 and Falco has run its three London-based restaurants in Chelsea, Covent Garden and Notting Hill, for over three years. Falco previously headed up the international expansion of the group, including the development of the brand within the UK market. Change Capital, which is run by the former Marks & Spencer executives Luc Vandevelde and Roger Holmes, plans further international expansion for the business and is looking to build upon the initial openings in the UK. It is understood that the new owners are currently carrying out a process to find Falco’s successor.