Restructuring

Revolution Bars plots further closures as it sets out restructuring plan

11-Apr-2024 By James McAllister

Revolution Bars Group has set out a proposed restructuring plan that will see offload up to 18 sites alongside raising up to £12.5m in equity.

Majestic Wine ‘exploring deal’ to purchase Vagabond

19-Mar-2024 By James McAllister

Specialist wine retailer Majestic has confirmed it is exploring a deal to purchase beleaguered bar group Vagabond.

Prezzo returns to profitability following restructure

18-Mar-2024 By James McAllister

Prezzo has returned to profitability following a restructure of its business that saw it close nearly a third of its estate last year.

UK’s top 100 restaurant groups see profits increase twelvefold

07-Aug-2023 By James McAllister

The UK’s top restaurant businesses have recorded a twelvefold increase in their profits, new research by UHY Hacker Young shows.

Prezzo restructuring approved by High Court

05-Jul-2023 By James McAllister

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’.

Prezzo warns creditors it would ‘likely enter administration’ without restructuring plan

10-May-2023 By James McAllister

Prezzo has warned creditors that it would ‘likely enter into administration’ should its recently announced restructuring plan, which will see nearly a third of its estate closed, not be implemented.

Barburrito to close three sites following restructure

04-Dec-2020 By James McAllister

Mexican chain Barburrito is to close three sites as part of a restructuring deal that will also see a new injection of investment led by chairman Graham Turner.