Restructuring

Today’s news in brief – 09/05/25

Tasty has narrowed its operating loss from £2.6m to £1.6m in the year to December 2024, while its post-IFRS 16…

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Tasty FY operating losses narrow to £1.6m amid restructuring plan

Tasty has narrowed its operating loss from £2.6m to £1.6m for the year ended 29 December 2024, while its post-IFRS…

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Hospitality insolvencies remain ‘historically’ high despite Feb fall

Accommodation and food services insolvencies were down 11% from 3,829 in the 12 months to February 2024 to 3,405 in…

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The Revel Collective CFO to exit

The Revel Collective has announced that Danielle Davies, its chief financial officer, has tendered her resignation to take up another…

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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…

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Brewdog appoints new chief executive officer

Brewdog has announced the promotion of its chief financial officer (CFO) James Taylor to the role of CEO, effective immediately. …

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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…

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Today’s news in brief – 04/03/25

Greggs has surpassed the £2bn mark as its sales increased 11.3% to £2.014bn in the year to 28 December 2024.…

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The Revel Collective H1 sales fall 22% amid bar brands challenges

The Revel Collective has reported that sales for the 26-week period to 28 December 2024 were 22% lower at £64.2m…

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Today’s news in brief – 27/01/25

Tasty expects to report lower sales for FY24 after a challenging H2. Although the group’s restructuring plan, sanctioned on 4…

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