Luxembourg

Pret appoints former Restaurant Brands CEO as chairman

Pret A Manger has announced the appointment of José Cil, former CEO of Restaurant Brands International, which owns brands such as Burger King, Tim Hortons and Popeyes, as its new chairman. Cil helped grow that business to more than $40bn (£29.88bn) in system-wide sales and 30,000 restaurants in more than…

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McWin Capital in talks to acquire Gail’s

London-based investment firm McWin Capital Partners is reportedly in talks to acquire bakery-café chain Gail’s from parent company, Bread Holdings, according to Bloomberg.  It comes as McWin Capital owners, Henry McGovern and Steven Winegar, already hold shares in Gail’s via their EBITDA Investment business, which partnered with Bain Capital Credit,…

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EG Group to sell 218 KFC franchise restaurants

EG Group has announced that it has entered into a definitive agreement to sell all its 218 KFC franchise restaurants in the UK and Ireland to Yum! Brands’ KFC Division. The transaction agreed by EG Group – the largest KFC franchisee in the UK and Ireland – is an additional…

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Prezzo chair to join Deliveroo’s board

Deliveroo has appointed Prezzo executive chair Karen Jones and former Coca-Cola Europe chief executive Dominique Reiniche to its board as non-executive directors. Jones will join the delivery apps board as the chair of the remuneration committee and as a member of the audit committee. Alongside her executive role at Italian…

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Prince of Wales renews patronage to Welsh chefs

The prince of Wales has agreed to extend his patronage of Culinary Team Wales – a team of chefs who represent their country in competitions at home and around the globe – for another five years. The prince of Wales first became patron to the team, which is part of…

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Entrepreneur raises £1m for online wine store

A 29-year-old entrepreneur raised £1m in a crowdfunding drive hoping to build the world’s biggest wine store online. Ben Revell, CEO of Winebuyers.com, hoped to raise £525,000 in an equity crowdfunding drive and now has plans to expand the business to Oxford Street. He spent £380,000 developing the site Winebuyers.com…

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