All Finance articles – Page 42
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NewsMcDonald’s sues former CEO over alleged sexual relationships with employees
McDonald’s has sued its former chief executive Steve Easterbook amid allegations that he fraudulently hid details of three “physical sexual relationships” with employees when he was fired last November, the Financial Times reports.
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NewsItsu hopes to cut rents on 53 sites in CVA
Itsu plans to close two and cut rents on 53 of its sites by means of a company voluntary arrangement.
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NewsPizza Hut Restaurants to consider restructure
Pizza Hut Restaurants has hired advisers to explore a financial restructure, with a company voluntary arrangement (CVA) under consideration.
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NewsTortilla CEO Richard Morris: VAT cut will help us through tough times ahead
The government’s 15% VAT reduction will be a useful boost for hospitality businesses faced with what’s set to be an incredibly challenging winter season, MCA’s The Conversation has heard.
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NewsStonegate sells £1.2bn in bonds
Stonegate Pub Company sold £1.2bn of bonds on Friday to finance its takeover of Ei Group.
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NewsMarston’s/Carlsberg JV delayed
Completion of the merger of Marston’s brewing company and Carlsberg UK will be delayed pending a review by the Competition and Markets Authority (CMA).
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NewsChilango gives notice of intent to appoint administrators
Burrito chain Chilango has given notice of its intention to appoint administrators, in a further blow to bond-holders.
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NewsVapiano UK bought by Savour-backed team
Vapiano’s UK restaurants have been bought by a group of investors led by former Vapiano director Mario Bauer in partnership with the Savour Group in a deal that safeguards 209 jobs.
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NewsAzzurri in advanced talks over pre-pack sale
Azzurri Group could be on the verge of a pre-pack administration which would involve the closure of 20-25 restaurants, The Times reports.
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NewsPizza Express to exit up to 75 sites in CVA
Pizza Express is expected to close up to 75 restaurants as part of a financial restructuring at parent company Hony Capital.
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NewsShelley Sandzer and Gerald Edelman launch corporate finance firm
Shelley Sandzer, the specialist leisure property agency, and Gerald Edelman, a mid-market advisory firms, are launching a new business, Shelley Sandzer Corporate Finance (SSCF).
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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.
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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.
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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.
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NewsItsu explores restructure
Itsu has become the latest high street name to appoint advisors to explore a potential restructure.
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NewsEpiris frontrunner to buy CDG
The former backer of TGI Friday’s is in advanced talks to buy Casual Dining Group, Sky News reports.
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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.
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NewsElliott Advisors eyes CDG
American hedge fund Elliott Advisers is among investors vying to take over Casual Dining Group (CDG), Sky News reports.
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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).
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NewsByron files notice to appoint administrators
Byron has filed a notice of intention to appoint administrators, Sky News reports.