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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Mar- 2025 -27 MarchPubs and Bars
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 opportunity. Davies will be leaving the business during the summer, focusing until then on the delivery of the group’s full year results and the effective transition of her responsibilities. Prior…
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17 MarchFeatures
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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11 MarchPeople
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. The announcement follows the resignation of current chief executive James Arrow due to personal reasons. Alongside Taylor, Lauren Carrol has been appointed as chief operating officer (COO) moving up from…
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10 MarchRestaurants
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 process, ensuring that 10 sites will continue to trade and safeguarding exactly 394 jobs. However, the transaction did not include eight other restaurants which will close immediately, resulting in 158…
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4 MarchNews-In-Brief
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. The group’s underlying pre-tax profit also increased 13.2% to £189.8m, while its total pre-tax profit was up 8.3% to £203.9m. During the period, the group stated that its evening trade…
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4 MarchPubs and Bars
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 than in the same period last year, due to “challenging” conditions in bar brands which made recovery “slower than expected”. The fall in sales reflects a “significant” reduction of venues…
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Jan- 2025 -27 JanuaryNews-In-Brief
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 June 2024, will enable the return to profitability and should “secure the company’s long-term future”, the resultant closures of part of the group’s estate has had a “negative impact on…
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27 JanuaryRestaurants
Tasty expects drop in FY24 sales amid challenging H2
Tasty, the owner and operator of restaurants in the casual dining sector, has announced that it expects to report total sales of £36.6m, down from £46.9m, and adjusted EBITDA of £3.8m in FY24, amid “challenging” trading during the second half of the year. According to the group, although the group’s…
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23 JanuaryPubs and Bars
The Revel Collective sees strong Christmas sales but warns of £4m Budget impact
The Revel Collective has reported “robust” festive trading but has warned that the changes announced in the annual Budget will have a £4m impact on its annual profit. For the weeks from 7 December 2024 to 3 January 2025, the group saw its group like-for-like sales increase by 1.6%. Prebooked…
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13 JanuaryBusiness
Hospitality accounted for 10% of UK administrations in 2024
The hospitality industry accounted for 10% of administrations in 2024 – the fourth highest sector in the UK – according to analysis by full-service law firm Shakespeare Martineau. A total of 1,718 businesses, 172 of which came from the hospitality sector, filed for administration – marking a 28% and 5%…
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