Buchler Phillips

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 – 20/08/24

Rick Stein’s restaurant group has returned to profit in FY23, despite turnover dropping by 5% to just under £11.9m. The group reported an operating profit of £63k for the year to 31 December 2023, up by 106.2% against the prior year, with all bank borrowing fully repaid. As a result,…

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Hospitality insolvencies rise 13% in June

The number of hospitality businesses entering insolvencies has risen by 13% between May and June this year, as operators struggle with trading costs, according to Buchler Phillips’ Hospitality Index. Overall, the number of hospitality insolvencies rose by 1.41% in the first half of 2024, as some 1,801 accommodation and food…

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