Restructuring
This covers restructuring activity across the UK foodservice, hospitality, and catering sectors, including business model overhauls, site closures, CVAs, administration processes, and turnaround plans. We report on the financial and strategic decisions affecting restaurant groups, pub operators, catering firms, and F&B suppliers, with analysis of their implications for staffing, operations, and supply chains. Designed for owners, operators, and executives navigating commercial pressures or monitoring market shifts among competitors and peers.
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May- 2018 -17 MayBusiness
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 Today can reveal. Accountancy firm KPMG is rumoured to be overseeing the restructuring of the business and did not deny the rumours when asked by Catering Today. The work would…
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15 MayRestaurants
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 in 2018, says peer-to-peer lending platform, Lendy. Lendy says the sharp rise highlights just how intense competition in the UK restaurant market has become, as recent years have seen rapid…
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11 MayBusiness
Gaucho to cut 750 jobs as 22 Cau restaurants under threat
Argentinian restaurant chain Cau, owned by Gaucho, is set to cut 750 jobs and the future of all 22 of its restaurants is in doubt. Chain owners Gaucho have fallen out of love with the chain, and have brought in financial advisors KPMG to look at cost cutting options. KPMG’s…
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Apr- 2018 -24 AprilPeople
Prezzo CEO steps down after closing a third of outlets
Jon Hendry-Pickup has stepped down from his role as the CEO of Prezzo, following the chain’s CVA agreement. Hendry-Pickup joined the group in 2016 and Karen Jones will take over his position, following her appointment as executive chairwoman. Jones was the former chief executive of pub company Spirit Group. In…
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Mar- 2018 -20 MarchNews
35 of the UK’s Top 100 restaurant groups are loss making
35 of the UK’s Top 100 restaurant groups are now loss-making, up 75% from just 20 last year, new research shows. Chartered accountants, UHY Hacker Young, found that trading conditions have become increasingly difficult for restaurant chains dealing with oversaturation in the market as well as rising costs. Casualties include…
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