Business

Find the latest business news, deals and advice affecting you and others in the industry.

Breakfast carbonara and bespoke art: how Azzurri is keeping its Italian restaurants fresh

13-Nov-2018 By James Wallin

Azzurri Group says it is primed for further expansion following the group’s announcement that sales have rise 8.5% for the year to 1 July.

The Restaurant Group looks to raise £315m to fund Wagamama deal

12-Nov-2018 By Sophie Witts

The Restaurant Group (TRG) is planning to raise £315m through a rights issue to fund its acquisition of the Wagamama casual dining chain, despite facing criticism from shareholders and analysts.

Gourmet Burger Kitchen approves restructuring plan

09-Nov-2018 By Sophie Witts

Creditors at Gourmet Burger Kitchen (GBK) have voted “overwhelmingly” in favour of a restructuring plan that could see a number of restaurants close.

New street food market The Upper Place looking to bring regional and overseas brands to capital

09-Nov-2018 By Sophie Witts

The managing director of The Italian Job pub group is to launch a street food market concept, with plans to expand it in London and other areas of the UK.

Living Ventures launches CVA for Blackhouse restaurants

07-Nov-2018 By MCA

Living Ventures has launched a Company Voluntary Arrangement (CVA) process for its five-strong steakhouse concept, Blackhouse.

Benito's Hat begins £1m expansion drive

06-Nov-2018 By Sophie Witts

Benito’s Hat has announced it will open two further London restaurants over the next few months after securing £1m funding.

Former Ping Pong CEO has bao bun in the oven

05-Nov-2018 By Finn Scott-Delany

The former chief executive of dim sum restaurant group Ping Pong is launching Taiwanese concept Bao & Bing in London's Marylebone.

Casual Dining Group appoints restructuring adviser

05-Nov-2018 By Sophie Witts

Casual Dining Group (CDG) has called in a restructuring adviser in a bid to reduce its rent bill amid tough trading on the high street.

Southampton's Grand Harbour Hotel sold for £29m

02-Nov-2018 By Sophie Witts

The Grand Harbour Hotel in Southampton has been acquired by the fast-growing Fattal Hotel Group for £29m.

Patisserie Holdings' rescue deal backed by angry shareholders

01-Nov-2018 By Sophie Witts

Shareholders in the troubled Patisserie Holdings group have overwhelmingly backed a rescue plan to secure the future of the business.

Luke Johnson faces shareholders at Patisserie Holdings

01-Nov-2018 By Sophie Witts

Shareholders at Patisserie Holdings are meeting this morning to vote on a proposed rescue package for the beleaguered bakery chain.

Pret hires former FSA boss to lead food safety panel

31-Oct-2018 By Sophie Witts

Pret A Manger has hired the former chief executive of the Food Standards Agency (FSA) to head up a new panel monitoring its food safety practices.

Using its noodle: why TRG wants Wagamama

30-Oct-2018 By Stefan Chomka

In Wagamama, TRG sees a burgeoning brand with plenty of growth opportunities still ahead of it.

Gourmet Burger Kitchen: majority of troubled sites opened in last two years

29-Oct-2018 By Mark Wingett

The majority of Gourmet Burger Kitchen (GBK) restaurants earmarked for closure or rent reductions opened within the last two years, documents show.

37 of the UK’s top 100 restaurant groups are loss making, says report

29-Oct-2018 By Stefan Chomka

Profits at the UK’s top 100 restaurant groups fell a whopping 80% in the past year, according to new figures from accountancy firm UHY Hacker Young.