Restructuring

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…

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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…

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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,…

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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…

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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…

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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…

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UK restaurant insolvencies surge 64%

UK restaurant insolvencies have jumped 64% year-on-year from 856 in 2020/21 to 1,406, as rising inflation, decreased consumer spending and…

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Losses at top 100 UK restaurant groups surge 24% to £832m

Losses at the Top 100 UK restaurant groups grew 24% from £673m to £832m in just the past six months,…

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Cornish Bakery expands senior leadership team

Cornish Bakery has expanded its senior leadership team to enable its journey towards growing the business to 100 bakeries.  Founder…

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Profit warnings from travel & leisure companies fall to 7-year low

Profit warnings issued by FTSE travel and leisure companies fell to their lowest level in seven years in 2021 despite…

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