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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Nov- 2024 -11 NovemberNews-In-Brief
Today’s news in brief – 11/11/24
UKH with the support of industry bosses have warned of the effects of the autumn budget, saying that it will cause small business closures, job losses and reduced investment in the sector. UKH boss Kate Nicholls was supported by the likes of Fuller’s, Stonegate Group and Whitbread, as well as…
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11 NovemberPeople
The Revel Collective reveals new board structure
The Revel Collective has outlined its new board structure, as non-executive directors Jemima Bird and William Tuffy will not seek re-election at the bar group’s annual general meeting scheduled for 3 December. News comes as The Revel Collective completed its recent equity fundraise and the restructuring plan. Following the AGM,…
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8 NovemberCafes and Coffee Shops
Krispy Kreme falls to $16m loss in Q3 as UK market underperforms
Krispy Kreme has seen losses widen to $16m (£12.9m) in its third quarter, up from a loss of $2.1m ( £1.7m) the prior year, as the UK market underperformed over the period. In the quarter ended 29 September 2024, net revenues fell by 6.8% to $379.9m (£305.9m), down from $407.4m…
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Oct- 2024 -25 OctoberAnalysis
The Revel Collective’s journey through four rebrands
The Revel Collective has only recently announced this latest reinvention. But this is not the first time it has happened. Tracing its inception back to 1991 in Greater Manchester, the group we know today has gone by – in chronological order – Inventive Leisure, The New Inventive Bar Group, Revolution…
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22 OctoberNews-In-Brief
Today’s news in brief – 22/10/24
The Revel Collective has seen its FY losses before tax widen to £36.7m. The group said that the result was mainly due to non-cash exceptional impairment charges from its restructuring plan. Despite strong festive trading and the annualisation of the acquisition of Peach Pubs, the closure of 13 loss-making bars…
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22 OctoberNews
The Revel Collective FY losses widen to £36.7m
The Revel Collective, former Revolution Bars Group, has seen its loss before tax widen to £36.7m in its preliminary results for the year ended on 29 June. The group said that the result was mainly due to non-cash exceptional impairment charges from its restructuring plan. Despite strong festive trading and…
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Sep- 2024 -26 SeptemberNews
Today’s news in brief – 26/09/24
Prezzo has appointed the former Brewdog CEO to lead the recovery plan, while the restaurant chain’s former chief executive, Dean Challenger, will rejoin as chief financial officer. It comes as Prezzo, which is now owned by Cain International, is undergoing a restructuring plan, having closed roughly a third of its…
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26 SeptemberPeople
Prezzo appoints former Brewdog CEO to lead recovery plan
Prezzo has reportedly appointed former Brewdog chief executive James Brown as its new CEO, as part of its post-collapse recovery plan, Sky News has reported. Meanwhile, former Prezzo CEO, Dean Challenger, will also rejoin the group as chief financial officer. Having served in a range of leadership roles at Brewdog…
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10 SeptemberPeople
Revolution Bars Group appoints new non-exec chairman
Revolution Bars Group has announced the appointment of Luke Johnson to its board as non-executive chairman, following the retirement of Keith Edelman, who has held the role since February 2015. A well-known entrepreneur and investor, Johnson first established himself in the hospitality industry as chairman of and significant investor in…
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4 SeptemberPeople
Wolseley Hospitality Group CEO steps down
CEO of Wolseley Hospitality Baton Berisha has announced his decision to step down from his role. In a post on LinkedIn Berisha stated that “after much reflection” he had decided to leave for a “new adventure”. He also confirmed that he would stay on board at the company until his…
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