All Finance articles – Page 20
-
NewsBistrot Pierre sold in pre-pack, six restaurants to close
Bistrot Pierre has been sold in a pre-pack administration with six restaurants to close.
-
Analysis & InsightAnalysis: Clinging to life in the ghost town
London, you may have heard, is a ghost town. In the latest round of borderline dystopian statistics to surface as a result of the pandemic, just 7,000 of the 120,000 workers based in Canary Wharf are back at their desks. And although office workers across the capital may be thrilled to be without the twice daily commuter Hunger Games, for those in hospitality, a few stifling minutes on the Central line is a non-issue if the alternative is unemployment. In the last month alone, city-based to-go brands including Wasabi, Tossed, Pret and most recently Itsu have appointed advisors to assess their options, but whilst, historically, the mention of advisors might ring alarm bells, faced with the current economic climate, it could be time to shed the stigma.
-
NewsBrewhouse & Kitchen sees positive return to trading
Brewhouse & Kitchen has reported a 2.9% like-for-like sales growth in its first week of post-lockdown trading.
-
NewsItsu explores restructure
Itsu has become the latest high street name to appoint advisors to explore a potential restructure.
-
NewsEpiris frontrunner to buy CDG
The former backer of TGI Friday’s is in advanced talks to buy Casual Dining Group, Sky News reports.
-
NewsWhitbread opens 24 restaurants
Whitbread has reopened 24 restaurants and 270 UK hotels, with the the majority of the rest of the estate due to reopen throughout July.
-
NewsElliott Advisors eyes CDG
American hedge fund Elliott Advisers is among investors vying to take over Casual Dining Group (CDG), Sky News reports.
-
NewsRed Oak Taverns secures £2.6m from CBILS
Red Oak Taverns has secured a £2.6m loan from Oak North via the government’s Coronavirus Business Interruption Loan Scheme (CBILS).
-
NewsByron files notice to appoint administrators
Byron has filed a notice of intention to appoint administrators, Sky News reports.
-
NewsAmazon investment in Deliveroo 'should not have a negative impact on customers'
Amazon’s investment in Deliveroo should be provisionally cleared, because it is not expected to damage competition in either restaurant delivery or online convenience grocery delivery, the Competition and Markets Authority (CMA) has found.
-
NewsStonegate to launch high-yield bond to finance Ei takeover
Stonegate is set to raise money via a high-yield debt issue in the coming weeks to help to finance the purchase of Ei, Reuters reports.
-
NewsSoho House secures £81m injection from Burkle
Soho House has secured a $100m (£81m) equity injection to shore up its finances across its global network of venues.
-
NewsBlackhouse enters administration
Living Ventures has placed its Blackhouse and Newgate businesses into administration, affecting four restaurants.
-
NewsWagamama looks to the future with reopening plan
Wagamama CEO Emma Woods has hailed the cost-effective way the brand closed its estate, as it focusses on the safe reopening of its restaurants.
-
NewsLPQ sold in pre-pack with 10 stores closed
Le Pain Quotidien’s UK operations have been sold in a pre-pack administration deal, Sky News reports.
-
NewsM&B extends lending facilities by £100m
Mitchells & Butlers has extended its lending facilities by £100m, giving it access to liquidity of £250m through to 31 December 2021.
-
NewsJust Eat Takeaway.com snaps up Grubhub for £5.75bn
Just Eat Takeaway.com has further consolidated its position in the global delivery market by buying US company Grubhub for $7.3bn (£5.75bn).
-
NewsTRG launches CVA to close 125 sites
The Restaurant Group has announced a proposal to enter a company voluntary arrangement (CVA) for its leisure estate.
-
NewsThree Joes acquires The Stable
Three Joes, the sourdough pizza and craft beer restaurant chain, has acquired 14-strong The Stable pizza chain from Fullers for an undisclosed sum.
-
NewsWasabi hires KPMG
Wasabi, the Capdesia backed sushi and bento brand, has hired KPMG to negotiate rent cuts, the Sunday Times reports.