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.

Sep- 2020 -

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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24 September

Upper Crust owner predicts 86% decrease in sales

Owners of pastry chain Upper Crust, have predicted an 86% decrease in sales for the year to end in September. A trading report released by the company revealed that weekly sales are currently running at 76% below last year results. The SSP owned group touted slow return to UK commuter…
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23 September

Wahaca to see £25m debt written off in CVA proposal

Mexican themed restaurant Wahaca will have a total of £25m in debt written off in a bid to salvage the brand as part of a Company Voluntary Agreement (CVA). According to Sky news, Wahaca proposed a CVA that will also see its lenders and shareholders pump £5m of new money…
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21 September

Fewer than 5% of new transmissions linked to restaurants, PHE finds

4.7% of new incidents of acute respiratory infections (ARIs) were linked to food outlets and restaurants in the period between 7 August and 13 September, according to the latest surveillance report from Public Health England (PHE). It comes despite health secretary Matt Hancock telling BBC Radio 4’s Today programme that…
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18 September

‘Rule-of-six’ will seriously impact hospitality sector, says poll

The majority of business operators said the new ‘rule-of-six’ will “negatively impact” the industry moving into autumn, according to the latest Lumina Intelligence Hospitality Leaders poll. Out of 219 operators questioned, 21% expected the negative effect to be “major”, 37% “moderate” and 27% “minor”. The study found that the remaining…
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18 September

Jollibee opens new Liverpool site amid further expansion plans

Asian inspired fast-food restaurant Jollibee has opened its second UK branch in Liverpool city centre, creating 50 new jobs for locals in the area. The chain, which is first launched in Asia and the US, opened its first English site in 2018 in London. However, the company has plans to…
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17 September

Albert’s Schloss co-founders plan new Manchester restaurant

Albert’s Schloss co-founders, Adelaide Winter, Joel Wilkinson and Daniel Mullen, have submitted a licence application for a new café, bar, restaurant and event space to be part of the major “40 Swan Street” development in New Cross. Swan Street Firehouse will be constructed inside an old MOT station on the…
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16 September

‘Rule of six’ knocks consumer confidence to eat out, study reveals

The British public is now 31% less confident about visiting restaurants and pubs, following new legislation announced on 14 September that social gatherings of more than six people will be banned. The ‘rule of six’ has been imposed to limit the spread of Covid-19. CGA’s consumer pulse survey found that…
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