THE fortunes of a former Michelin-starred Gwent restaurant may be looking up after it was sold.

The Walnut Tree Inn, in Llanddewi Skirrid, near Abergavenny, went into receivership earlier this year, but has now been acquired by Welsh hospitality firm Caradog Hotels, which plans to re-open it soon. Caradog already owns the Angel Hotel, in Abergavenny.

The Walnut Tree went into receivership with the owners claiming that featuring on Gordon Ramsay's Kitchen Nightmares TV programme had damaged trade.

We previously reported how owner Enrica Mattioli, who took over the restaurant with her husband Francesco, said she wished they had never appeared on the show in 2004.

She claimed the programme made the restaurant look too expensive.

The Walnut Tree was founded by Franco and Ann Taruschio more than 30 years ago, with the Mattiolis taking over in 2001.

Three years ago it was stripped of its Michelin star.

When fiery TV chef Gordon Ramsay visited The Walnut Tree to try to turn it around as part of his series, he clashed with Mr Mattioli over its menu and prices.

Edward Symmons Hospitality and Leisure sold the business on the instructions of London-based receiver Begbies Traynor.