Business

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

Patisserie Holdings had £94m black hole in its accounts

18-Mar-2019 By Sophie Witts

The parent company of the Patisserie Valerie café chain overstated its accounts by at least £94m, according to a report from administrators KPMG.

Wagamama to launch spin-off Mamago brand

15-Mar-2019 By Sophie Witts

The Restaurant Group (TRG) has developed a grab-and-go spin-off of the Wagamama brand, which it will trial later this year.

Thunderbird lines up third permanent London restaurant

15-Mar-2019 By Sophie Witts

Thunderbird Fried Chicken is to open its third confirmed London restaurant, close to Charing Cross station, this April.

Gourmet Burger Kitchen sales improve after CVA

14-Mar-2019 By Sophie Witts

Sales at Gourmet Burger Kitchen (GBK) have improved after the restaurant group entered in to a Company Voluntary Arrangement (CVA) last year.

Premium wine sales hold value in tricky market

14-Mar-2019 By Joe Lutrario

On-trade wine volumes are falling, but value is proving to be far more resilient in top restaurants, bars and pubs as consumers continue to explore and trade-up to higher quality wines.

Roosters Piri Piri: the chicken brand that's ruffling feathers

12-Mar-2019 By Georgi Gyton

What started off as a bit of a ‘KFC rip off’ has grown into an international chicken brand that has its sights on 100-plus sites

Flat Iron MD: "No one wants to open 100-200 restaurants anymore"

12-Mar-2019 By Finn Scott-Delany

Flat Iron managing director Jo fleet has suggested there is “no number” on the scale of sites the brand could open – though admitted there was no longer any appetite in the industry to reach 100 or 200 sites.

Grind crowdfunds over £2m towards six new sites

11-Mar-2019 By Sophie Witts

Coffee, restaurant and bar group Grind has smashed its latest crowdfunding target to raise almost £2.3m on Crowdcube.

Boxpark signs lease for first site outside London

11-Mar-2019 By Sophie Witts

Boxpark has signed a lease to open its first restaurant site outside London, on Shoreham beach.

Polpo to enter CVA with planned closures

08-Mar-2019 By Sophie Witts

The Polpo restaurant group is to enter in to a Company Voluntary Arrangement (CVA) after plans were approved by 98% of creditors today (8 March).

Rockfish secures funding for Poole and Weymouth openings

07-Mar-2019 By Sophie Witts

Chef Mitch Tonks has secured a seven-figure finance facility from HSBC UK to support the opening of three further Rockfish restaurants in 2019.

Giraffe and Ed's Easy Diner restaurant closures revealed

07-Mar-2019 By James Wallin

The list of Ed’s Easy Diner and Giraffe sites to close under the Company Voluntary Agreement (CVA) covering the two brands has been revealed.

Flight Club and Bounce owner eyeing major US rollout

06-Mar-2019 By Sophie Witts

The CEO of Bounce operator Social Entertainment Ventures has said there is potential for the company to open in up to 70 metropolitan areas in the United States.

Pergola operator secures £5m funding towards expansion

05-Mar-2019 By Sophie Witts

Incipio Group, which operates London's Pergola food courts, has secured £5m funding to open six sites over the next 18 months - including its first outside the capital.

Boparan to close 27 Ed's Easy Diner and Giraffe restaurants

04-Mar-2019 By Stefan Chomka

Boparan Restaurant Group (BRG) is the latest casual dining group to explore entering into a Company Voluntary Arrangement (CVA), with the company looking to close 27 of its Giraffe and Ed’s Easy Diner restaurants.