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GBK ‘appoints restructuring advisors’ prompting CVA suspicions

Burger chain Gourmet Burger Kitchen (GBK) has reported appointed restructuring advisors Deloitte leading to suspicions that the company could be…

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Is the demise of restaurant chains a good thing for local independents?

The Gaucho restaurant group is the latest in a list of chain restaurants to appoint administrators or announce restructuring and…

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More restaurant groups to fail before year-end, analysts predict

At least two or three more restaurant groups are expected to fall before the end of 2018, analysts from real…

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Trio of bidders including Osmond queuing up for Gaucho

Hugh Osmond’s eponymous Osmond Capital group is said to be one of three companies bidding for struggling steak chain Gaucho.…

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Restaurant CVAs rise by 143% over six months

New research has found the number of restaurants entering a company voluntary agreement (CVA) has increased by 143% over the…

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Costa Coffee sales dip 2% in Q1

Coffee chain Costa has reported a fall in like-for-like sales at the start of the year, blaming a lack of…

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Prescott and Conran falls into administration

The restaurant group founded by Habitat owner Sir Terence Conran – Prescott and Conran – has fallen into administration. The…

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Mardi Gras pub in doubt as annual rent doubles

JD Wetherspoon’s Mardi Gras pub in Trafford Centre in Manchester faces an uncertain future as a rent review has shown…

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Carluccio’s to address CVA rumours ‘this afternoon’

Italian restaurant chain Carluccio will issue a statement this afternoon regarding rumours of a potential company voluntary agreement (CVA), Catering…

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Number of restaurants in England up 13% since the recession

The number of restaurants in England has increased by 13% since the recession – from 22,230 in 2009 to 25,070…

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