All Professional Services articles – Page 2
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NewsIrth Capital makes bid for Papa Johns International
The Qatari-backed investment fund has offered to pay $47 per share for the pizza giant, which would value it at around $1.5bn
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NewsSixco scraps crowdfund and undertakes corporate restructuring
The group behind expanding tasting menu restaurant brand Six by Nico said the ‘community-first’ crowdfund it launched last year did not meet the threshold required, despite generating ‘meaningful interest’
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NewsFulham Shore could face ‘substantial’ closures, Toridoll warns
The Japanese owner of The Real Greek and Franco Manca operator says the group is ‘examining a wide range of restructuring options amid ongoing soft market conditions’
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NewsRoyal Unibrew weighs BrewDog takeover
The Danish brewing giant is reportedly among a number of parties said to be ‘seriously interested’ in BrewDog
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News‘Trading underperformance’ and ‘cashflow pressures’ decimate TGI’s value
An administrator report shows Sugarloaf acquired TGI Fridays UK for £1m last month, around a tenth of the £9.55m Breal and Calveton paid for it in late 2024
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NewsStonegate advisors set out leasehold restructuring proposals
The pub and bar company appointed FRP Advisory last month, with documents seen by MCA outlining proposals for a ‘cross-class cram down’ on dissenting creditors, meaning it can press ahead with the restructure without the approval of all landlords
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Analysis & InsightHospitality groups see sales flatten in January as consumers tighten their belts
The latest NIQ RSM Hospitality Business Tracker shows sales across managed restaurant, pub and bar groups were 0.1% lower than the same month last year
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NewsBrewDog likely to be sold in pre-pack administration
AlixPartners has been fielding bids for all or part of the company, with a quick-fire sale likely to be executed by an administrator, rather than on a solvent basis, The Grocer reports
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NewsSale discussions continue following Sixes administration
The experiential cricket concept, which called in administrators back in December, has now shuttered several locations having been ‘unable to achieve a sustainable operating model amid fierce competition’
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NewsRichard Tallboy joins Sona as chief information officer advisor
Sona says the newly created executive advisory role is designed to accelerate the company’s enterprise strategy and deepen its expertise across key areas of hospitality operations
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NewsZonal acquired by Volaris Group
The UK hospitality technology provider says the deal heralds ‘an exciting new era’ and creates opportunities to accelerate its next-generation software
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NewsSocial golf concept Pitch looks to drive expansion through franchising
The competitive socialising brand has partnered with Presman & Colard to accelerate its expansion through franchising following ‘impressive’ year on year growth
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Analysis & InsightAnand just like that… has RedCat finally landed on its feet?
The Rooney Anand founded business is exiting its managed estate and bringing together its pubs-with-rooms sites into one division, a canny move that presents significant opportunities
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InterviewsSmacks Burgers & Chicken: ‘The intention from the outset was always to scale massively’
The London-born QSR chain is plotting expansion across the UK as well as internationally in the Middle East and the US after partnering with global franchise consultancy Presman & Colard
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NewsDrunch kicks off international expansion with Egypt franchise deal
The London-based restaurant brand is set to open five sites across Cairo under wider plans to expand across the MENA region
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NewsTrade unions accuse McDonald’s UK of violating guidelines over harassment claims
The fast-food chain has said it is ‘reviewing the information and considering next steps’ after a group of five trade unions submitted a complaint to the UK National Contact Point
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NewsSixes calls in administrators
The experiential cricket concept has closed its Southampton site with immediate effect following a ‘challenging trading period’, with administrators now exploring a sale of the business
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NewsHospitality urges FCA to extend business insurance claims window by two years
Law firm Stewarts warns that thousands of hospitality businesses remain significantly out of pocket more than five years after the Covid-19 pandemic forced venues across the country to close
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NewsGravity right-sizes debt obligations through CVA
The leisure and fitness activity park operator has secured approval from creditors for a company voluntary arrangement (CVA) proposal having been impacted by rising costs and soft consumer spending
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Analysis & InsightWTF is happening with TGIs?
Once a powerhouse brand in the UK casual dining market, TGI Fridays now finds itself going through its third sale process in little more than a year