Restaurants
The latest news and updates on restaurants, from the business journalists at Catering Today. We bring you the latest on what’s happening in the restaurants, bars and catering industry, with exclusive stories, analysis, best practice and industry comment.
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Oct- 2020 -13 October
Herman ze German to permanently close all UK sites
Herman ze German has announced the permanent closure of all its UK sites. The fast food brand, which specialises in German sausages, operates four sites across London in Soho, Charing Cross, Fitzrovia and White City. In a message to customers on Instagram, the group cited the financial impact of Covid-19…
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9 October
The Restaurant Group faces shareholder concerns
A new shareholder resolution at restaurant chain The Restaurant Group has passed but was met with resistance. The restricted share plan was ultimately approved by investors though over a third of shareholders voted against the proposal. Some 37% of those who voted were against the new pay package which qualifies…
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7 October
Small restaurants slam Deliveroo over ‘unfair’ commission rates
Small restaurants are accusing Deliveroo of charging some larger, more well known eateries lower commission rates than locally owned chains. According to Sky News, independent partners of the delivery service believe that some big chains are paying half of the amount paid by those on the highest commission rates offered…
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6 October
Restaurant Group reports £235m loss, despite strong September trading
The Restaurant Group has reported a pre-tax loss of £235m for the first half of the year, despite “strong” September trading. Its Wagamama chain saw a like-for-like sales growth of 11% in the 11 weeks leading up to 20 September, which the group said was a 5% overperformance compared to…
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1 October
D&D London announces relocation of Paternoster Chophouse
D&D London has announced that it will relocate its restaurant Paternoster Chophouse from its current Paternoster Square location to a new address at 60 Ludgate, London EC4M. It said the reason for relocation is the proposed refurbishment of 1 Warwick Court in Paternoster Square, the building currently occupied by the…
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1 October
Emilia’s Crafted Pasta extends EOTHO scheme
Emilia’s Crafted Pasta, has announced it is extending its Eat Out To Help Out scheme throughout October. The restaurant, which has locations in both Algate and St.Katherine’s Docks, London, officially reopened after Covid-19 restrictions back in July. They are now offering 50% off pasta (up to £10 per person discount)…
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Sep- 2020 -30 September
Burger King calls in advisers to review CVA options
Burger King is reportedly considering the closure of some of its small UK branches following a restructuring process brought on by the Covid-19 pandemic. According to Sky News, the restaurant’s UK operations team has called in advisers from AlixPartners to review options for one of its subsidiary companies, which owns…
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28 September
Partners Group acquires Côte Restaurants
Côte Restaurants has been acquired by global private markets investment manager Partners Group. It comes as the group said that coronavirus has had a “huge impact” on the business, despite “trading well” before lockdown, with “record” sales and strong EBITDA growth in the last financial year. Partners Group said it…
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28 September
Gusto CVA approved, 600 jobs saved
Italian restaurant chain Gusto is to go ahead with its CVA plans, which it said secures the future of the business and more than 600 jobs. Amid the “most challenging trading conditions seen for the casual dining sector in a generation”, the firm said the CVA was “overwhelmingly” supported by…
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25 September
Various Eateries raises £25m in AIM listing
Various Eateries has confirmed it has raised £25m by way of a placing of 34,246,576 new Ordinary Shares with institutional and other investors at a price of 73p per Ordinary Share, during its first day of trading on the AIM market of the London Stock Exchange. Various Eateries said its…
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