Restructuring

Hospitality sales halve in July

Managed pub, restaurant and bars saw total July sales down 50.4% against the year before, according to the latest data…

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Pret A Manger reduces staff working hours

Embattled sandwich chain Pret A Manger has reduced the working hours of its staff in a bid to retain jobs.…

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Pubs ahead of restaurants in reopenings, says CGA

The pattern of reopening across hospitality sites has been “uneven” since lockdown eased, according to the latest Market Recovery Monitor…

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JD Wetherspoon to axe up to 130 head office roles

JD Wetherspoon has warned that up to 130 positions in its head office could be at risk of redundancy, following…

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Yo Sushi eyes CVA

Yo Sushi has reportedly drafted in Deloitte in a bid to negotiate rent concessions with landlords and secure a potential…

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Pizza Express closes 67 sites

Pizza Express has announced that it could close up to 67 restaurants as part of a major restructuring plan, placing…

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Pizza Express to reopen 150 more UK sites

Pizza Express has announced it is to reopen 150 more UK sites by early August. Some 71 restaurants will reopen…

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Pizza Express set to fall into hands of its lenders

Pizza Express is reportedly set to fall into the hands of its lenders, possibly as early as this month, which…

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Bistrot Pierre collapses into administration

KPMG has revealed it has led the administration of restaurant group Le Bistrot Pierre.  The firm confirmed that restructuring practice…

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Pret set to slash 1,000 jobs and shutter 30 stores

Pret a Manger is reportedly set to slash almost 1,000 staff roles and shutter 30 of its 450 UK stores…

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