Restructuring

The Bleeding Heart Group to close two sites under CVA

The Bleeding Heart Restaurant Group has announced it is to undergo a CVA which will see the closure of two…

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London restaurant Arros QD CVA receives approval

Mediterranean restaurant and bar Arros in London’s Fitzrovia has seen its creditors approve its CVA proposal. Accountancy firm RSM advised…

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Gategroup announces financial restructuring

Gategroup Holdings has announced that its shareholders, RRJ Capital and Temasek, and all bank lenders have reached a principle agreement…

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Caffe Nero launches CVA proposal

Caffe Nero has launched a CVA proposal, in which it will ask landlords to cut costs as the ongoing impact…

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Caffe Nero lenders prepare for CVA

Alcentra and Partners Group, which reportedly provides mezzanine debt to Caffe Nero, has called in financial advisers as the company…

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Tasty reports £11m loss

Tasty, a restaurant group that owns Wildwood and Dim T, has reported a loss of £11m for the six month…

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Revolution Bars to close six sites as part of CVA

Revolution Bars has confirmed it will launch a CVA proposal in order to reduce the size of its estate as…

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Iberica closes two sites in CVA, 135 jobs saved

Iberica, the Spanish tapas restaurant and bar group owned and operated by Iberica Food and Culture Limited, has preserved 135…

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Caffe Nero eyes CVA proposal

Caffe Nero is reportedly considering the launch of a company voluntary arrangement (CVA), as the pandemic takes a toll on…

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Pret A Manger to axe further 400 jobs

Pret A Manger has announced that it will close a further six branches and make up to 400 more redundancies…

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