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.

  • Mar- 2024 -
    19 March
    RestaurantsPrezzo returns to profitability following strategic review

    Prezzo returns to profitability following strategic review

    Prezzo has revealed that revenues rose to £135m from £95m in the year ended 1 January 2023, following an increase in menu prices and a focus on efficiency. As a result, the Italian casual dining group’s profit margin also saw an uptick from 31.2% to 35%.  However, macroeconomic challenges during…

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  • Feb- 2024 -
    26 February
    Pubs and BarsDanieli Group falls to FY loss despite turnover hitting £9.8m

    Danieli Group falls to FY loss despite turnover hitting £9.8m

    Newcastle-based Danieli Group Holdings, the hospitality company behind the Stack leisure brand, revealed turnover of £9.8m during the year ended April 2023 despite an operating loss of £268,958.  The group attributed this to the closure of Stack Newcastle in May 2022, which meant that Stack Trading Ltd and Stack Containers…

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  • Jan- 2024 -
    15 January
    FeaturesWhy are insolvencies more likely to affect the hospitality sector?

    Why are insolvencies more likely to affect the hospitality sector?

    According to PwC’s outlook for 2024, there will be a significant rise in corporate insolvencies in 2024, just shy of 30,000 with smaller businesses accounting for the lion’s share. However, it further added that industries most impacted are likely to be hotels and catering, along with manufacturing, and transport and…

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  • 2 January
    NewsToday’s news in brief – 02/01/24

    Today’s news in brief – 02/01/24

    The DLUHC has allocated £25m from the Community Ownership Fund to aid over 70 pubs, cinemas, and museums across the UK. This funding aims to sustain the operations of these community assets and ensure safety in communal areas. Each selected project will receive up to £2m, with 26 community centres,…

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  • Jul- 2023 -
    31 July
    Food and DrinkMcDonald’s sales rise 11.7% in Q2

    McDonald’s sales rise 11.7% in Q2

    McDonald’s has revealed that its global comparable sales increased by 11.7% for the second quarter ended 30 June, with double-digit growth reported across each segment.  The fast food giant’s digital Systemwide sales in its top six markets were also over $8bn (£6.2bn) for Q2, which represents nearly 40% of its…

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  • 17 July
    CommentLoans repayment, inflation, staff shortages: what else we can expect from hospitality insolvencies?

    Loans repayment, inflation, staff shortages: what else we can expect from hospitality insolvencies?

    What are the potential reasons for the continued increase in the number of hospitality insolvencies we’ve seen recently? Glyn: I think it goes back to the pandemic. Covid was a big thing for the sector and rightly, both the government and HMRC stepped in to help companies with furlough and…

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  • 4 July
    Cafes and Coffee ShopsLe Pain Quotidien closes all but one site after falling into administration

    Le Pain Quotidien closes all but one site after falling into administration

    Le Pain Quotidien has closed all but one of its sites across London after the bakery chain collapsed into administration, in a move that has seen the loss of 250 jobs. The chain, which had operated from eight sites across the capital, has closed all of its sites except one…

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  • Feb- 2023 -
    8 February
    GovernmentUKH welcomes new energy security department

    UKH welcomes new energy security department

    UKHospitality has welcomed the creation of a new department for energy security following a restructuring of government departments yesterday (7 February), calling the move “good news” for the sector.  The reshuffle saw the former Department for Business, Energy and Industrial Strategy (BEIS) split into three new departments, including the Department…

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  • Nov- 2022 -
    15 November
    RestaurantsByron Burgers hires consultant in search for new investors

    Byron Burgers hires consultant in search for new investors

    Calveton, the parent company of Byron Burgers, has reportedly hired business management consultants Interpath Advisory in a bid to find new investors as the business is to be flipped to a new owner.  The news comes as the hospitality industry tackles stiff economic headwinds, while casual dining chains contend with…

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  • Jul- 2022 -
    28 July
    Breweries and DistilleriesFood and drink industry administrations surge 60% in H1

    Food and drink industry administrations surge 60% in H1

    The number of administrations filed for businesses in the food and drink industry surged 60% year-on-year between 1 January and 30 June 2022 (H1 FY21), according to analysis by Shakespeare Martineau. Overall, the food and drink industry accounted for 6% of administrations in the first six months of the year.…

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