Prezzo’s restructuring plan, which saw it close nearly a third of its estate earlier this year, has been approved by High Court, marking the end of the group’s ‘strategic reshaping’.
The Restaurant Group (TRG) is facing fresh pressure from one of its main shareholders for promoting a finance chief with close links to its CEO, Andy Hornby.
Supply chain fragility continues to hit hospitality, with the cost of goods sold at 27.3% in February 2023, an increase of more than five percentage point in less than two years, according to new data from Fourth.
The Restaurant Group (TRG) has announced changes to its senior team, with a new CFO announced and an overhaul of management in the group’s Leisure & Concessions division.
A High Court ruling that found in favour of a group of businesses, including PizzaExpress, seeking insurance payouts for Covid-19 losses could potentially lead to ‘hundreds of thousands’ more claims.
D&D London has appointed advisors from Interpath Advisory’s corporate finance practice to explore raising new finance after confirming that its long-term backer LDC has exited the business.
Nigerian restaurant Chuku’s in London's Tottenham has been awarded a $10,000 grant by BeyGOOD, the charity founded by American singer-songwriter Beyoncé Knowles-Carter.
Azzurri Group has acquired a controlling interest in Ireland-based, fast-casual Mexican chain Boojum and plans to expand the brand across Great Britain.
Prezzo has appointed Jo Harrison as its chief financial officer, marking ‘the final chapter’ of a strategic review that recently saw the group shutter nearly a third of its estate.
The UK economy grew by 0.2% in April after contracting 0.3% in March, according to the Office for National Statistics (ONS), helped by strong trading in hospitality.
The Snowfox Group, operator of sushi brand YO! has been acquired by Japanese foodservice company Zensho Holdings, in a deal which values Snowfox at $621m.
Fulham Shore’s acquisition by Japanese food conglomerate Toridoll for £93.4m has been approved by shareholders at a Court Meeting and General Meeting held on Friday (9 June).
Sri Lankan restaurant group The Coconut Tree has told employees that payment of their wages for May have been delayed because of ‘unforeseen costs to the business’.
UKHospitality has said businesses across Scotland will be ‘breathing a huge sigh of relief’ after it was announced the country’s Deposit Return Scheme (DRS) would be delayed until October 2025.
Leon will open its first outpost in Italy later this year in Rome as part of a partnership between SSP Group and Italian rail station operator Grandi Stationi.
Pizza Union, the Roman-style pizza bar from Babby Hashemi, is looking for new sites across central London, and negotiating on a few potential locations.
UKHospitality has reiterated calls for chefs to be added to the UK’s shortage occupation list, which would make it easier for businesses to recruit them from overseas.
Asda has agreed to buy EG Group’s UK and Ireland operations for an enterprise value of £2.27bn, in a deal that will see it take ownership of the Leon brand.
Neat Burger, the London-based vegan fast food concept backed by Lewis Hamilton and Leonardo DiCaprio, is plotting further international expansion after raising $18m in its latest funding round.
Upcoming rail strikes are set to cost hospitality a further £132m in sales, according to new figures from UKHospitality, bringing the cumulative impact of the year-long industrial action to £3.25bn.
Whitbread is understood to be exploring the potential sale of part of its £700m pub and restaurant arm in order to focus its efforts on its Premier Inn hotel chain.
The Restaurant Group (TRG) has said it will keep its remuneration policy ‘under active review’ after more than a third of investors voted against it at the group’s AGM.
Unite union has launched a petition protesting PizzaExpress’s plans to slash hours for hundreds of its waiting staff and hand their duties over to restaurant managers, garnering support from thousands.
Wine bar and restaurant group Vinoteca is to close its huge site within Birmingham’s Paradise development after less than a year, blaming rising energy prices and ongoing train strikes.
UKHospitality Scotland has pushed back against the Scottish Government’s claim that restaurants have seen a decrease in their overall rateable value, saying it ‘doesn’t reflect the reality on the ground’.
Hedge fund Oasis Management Company has ratcheted up its attacks on The Restaurant Group (TRG), accusing it of withholding information from key shareholders ahead of next week’s annual general meeting.
PizzaExpress is to slash hours for hundreds of its waiting staff and hand their duties over to restaurant managers, in a move that has been met with resistance from employees.
