Bistrot Pierre

Private equity in hospitality: a lifeline or a looming takeover?

French restaurant group Bistrot Pierre was the latest British chain to be acquired out of administration by a private equity firm, ensuring that 10 sites will continue to trade with exactly 394 jobs saved. Private equity investment in hospitality has become a growing force that offers a financial lifeline to…

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Today’s news in brief – 10/03/25

Bistrot Pierre has been rescued by Cherry Equity Partners in a pre-pack administration, ensuring that 10 sites will continue to trade and safeguarding exactly 394 jobs. However, the transaction did not include eight other restaurants which will close immediately, resulting in 158 redundancies. For the year ended June 2023, the…

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Cherry Equity Partners rescues Bistrot Pierre out of administration

French restaurant group Bistrot Pierre has been acquired by a vehicle owned by Cherry Equity Partners in a pre-pack administration process, ensuring that 10 sites will continue to trade and safeguarding exactly 394 jobs.  However, the transaction did not include eight other restaurants which will close immediately, resulting in 158…

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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…

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Bistrot Pierre collapses into administration

KPMG has revealed it has led the administration of restaurant group Le Bistrot Pierre.  The firm confirmed that restructuring practice members, Will Wright and Steve Absolom, were appointed joint administrators of the French-style restaurant chain. Following their appointment, the business and certain assets were “immediately” sold to Bistrot Pierre 1994…

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Bistrot Pierre founder kicks off construction at new Eastbourne restaurant

The founder of Bistrot Pierre has visited the site of the chain’s new Eastbourne restaurant to signal the start of construction work. The opening of the new restaurant in 2019 on the Wish Tower site will represent the chain’s furthest step into the south east to date. Founder, Robert Beacham…

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