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.
-
Aug- 2020 -12 August
Haidilao chooses Bullring for first restaurant outside London
Hot pot restaurant chain, Haidilao, has selected the Bullring Birmingham or its first site in the UK outside of London. The 8,073sq ft restaurant will join Brown’s and Wagamama in St Martin’s Square, and is set to launch in early 2021. Founded in 1994 in China’s Sichuan Province, Haidilao now…
Read More » -
10 August
22,000 restaurant jobs lost so far in 2020, double 2019 total
The number of jobs lost across the embattled restaurant and casual dining sector so far this year is already nearly double the amount shed during the whole of 2019. Figures compiled by the Centre for Retail Research show so far a total 22,039 jobs were lost across large restaurant groups…
Read More » -
6 August
Franca Manca owner completes £2.25m equity raise
The owner of Franca Manca, Fulham Shore, has announced it completed a £2.25m equity raise and has also entered into a new £10.75m debt facility and agreed new terms for its existing £15m banking facilities. The group, which also owns the Real Greek Restaurants brand, said the funds have improved…
Read More » -
6 August
Yo Sushi eyes CVA
Yo Sushi has reportedly drafted in Deloitte in a bid to negotiate rent concessions with landlords and secure a potential CVA, Sky News has reported. While the sushi chain has not yet made a formal decision to proceed with a CVA, sources told Sky that the group would have “little…
Read More » -
5 August
CMA clears Amazon’s Deliveroo investment
The Competition and Markets Authority (CMA) has approved Amazon’s 16% investment in Deliveroo, after finding that it will not “substantially lessen competition”. Under the deal, Amazon will acquire 16% of Deliveroo as the lead investor in a $575m (£438m) funding, which was first announced last year. At that point the…
Read More » -
4 August
Fitzrovia‘s Oklava Bakery + Wine closes for ‘foreseeable future’
Chef Selin Kiazim has announced the recently reopened Oklava Bakery and Wine in London’s Fitzrovia has closed for the “foreseeable future”. In an Instagram post, Kiazim said: “It is with great sadness that we share the news that Oklava Bakery + Wine has now closed for the foreseeable future. “Oklava…
Read More » -
4 August
Pizza Express closes 67 sites
Pizza Express has announced that it could close up to 67 restaurants as part of a major restructuring plan, placing 1,100 jobs at risk. It comes as the group said it has reached an agreement with its secured creditors and majority shareholder, Hony Capital, for a recapitalisation and restructuring transaction…
Read More » -
3 August
Casual Dining Group rebrands following takeover
The Casual Dining Group (CDG) has rebranded as The Big Table, following its acquisition by private equity firm Epiris. A new business formed by the firm has successfully concluded a deal to take control of the Las Iguanas, Bella Italia and Café Rouge chains, alongside their existing management team led…
Read More » -
Jul- 2020 -31 July
The Box Kitchen & Bar to launch with head chef Nat Tallents
The Box Kitchen and Bar in Plymouth is set to open with MasterChef: The Professionals contestant and National Chef of the Year 2020 semi-finalist, Nat Tallents, set to be at the helm of the kitchen. Having postponed its original May 2020 opening date due to the Covid-19 pandemic, the new…
Read More » -
30 July
Rick Stein’s Marlborough restaurant saved amid 25% rent reduction
The Rick Stein Marlborough restaurant has been saved from closure after the landlord came forward and agreed a 25% reduction in rent to save the business. In June 2020, it was announced that the restaurant would be forced to close its doors permanently, due to the increased financial strain during…
Read More »
