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.

  • Aug- 2020 -
    24 August
    RestaurantsWasabi launches CVA proposal

    Wasabi launches CVA proposal

    Wasabi, the grab and go sushi and bento retailer, has announced the launch of a company Voluntary Arrangement (CVA) proposal. Founded in 2003 and employing over 1,500 staff, Wasabi operates a total of 51 sushi and bento shops in the UK, the majority of which are located in central London.…

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  • 21 August
    CoronavirusAccommodation and food service sectors see 53% drop in insolvencies

    Accommodation and food service sectors see 53% drop in insolvencies

    The accommodation and food services sectors have seen a 53% drop in insolvencies from May to July 2020, compared to the same period in 2020. According to RSM, some 597 insolvencies were recorded by the Insolvency Services for May to July 2019 and 279 for the same period this year.…

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  • 19 August
    RestaurantsPizza Express to close 73 sites, 1,100 jobs at risk

    Pizza Express to close 73 sites, 1,100 jobs at risk

    Pizza Express has formally launched a CVA in a bid to reduce its restaurant estate and rental cost base following the pandemic. The CVA proposal will see the permanent closure of 73 restaurants, resulting in a loss of 1,100 jobs.  The casual dining chain first announced it had reached an…

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  • 17 August
    RestaurantsYo Sushi to axe 250 jobs following CVA

    Yo Sushi to axe 250 jobs following CVA

    Yo Sushi has announced it will shutter 19 sites and axe 250 jobs in a bid to restructure the business following the crisis.  The move comes after the dining group launched a company voluntary arrangement (CVA) in light of “changes in consumer behaviour” that have made its rents “unsustainable” across…

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  • 13 August
    Pubs and BarsHospitality sales halve in July

    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 from CGA’s Coffer Peach Business Tracker. While the overall market reported trading that was “well below” July 2019 levels, the London market “struggled” the most, with London trading down 58.3%…

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  • 10 August
    BusinessPret A Manger reduces staff working hours

    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. It comes as the group’s sales are currently down 65% compared with pre-Covid levels. In London sales are down 80%, where the challenges are reportedly most acute. It said that…

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  • 10 August
    CoronavirusPubs ahead of restaurants in reopenings, says CGA

    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 from CGA and AlixPartners. Some 62% of Britain’s licensed premises were trading again by the end of July, though pubs were ahead of restaurants, and sites in London “lagged behind…

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  • 7 August
    Pubs and BarsJD Wetherspoon to axe up to 130 head office roles

    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 a restructuring of the group.  The company confirmed it has written to all 417 employees at its head office, including those who are regionally based, to inform them of the…

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  • 6 August
    RestaurantsYo Sushi eyes CVA

    Yo Sushi eyes CVA

    Yo Sushi has reportedly drafted in Deloitte in a bid to negotiate rent concessions with landlords and secure a potential CVA, Sky News has reported.  While the sushi chain has not yet made a formal decision to proceed with a CVA, sources told Sky that the group would have “little…

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  • 4 August
    RestaurantsPizza Express closes 67 sites

    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 1,100 jobs at risk. It comes as the group said it has reached an agreement with its secured creditors and majority shareholder, Hony Capital, for a recapitalisation and restructuring transaction…

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