Restaurants News – Page 11
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Activist Coltrane seeks change at TRG
A New York-based investor has called for change at The Restaurant Group after taking a 3% stake, The Sunday Times reports
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Prezzo tells creditors to swallow a slice of its £70m liabilities
The Italian chain is facing liabilities totalling £70 million as a result of losses sustained by the 47 unprofitable restaurants it closed last month, The Times reports
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Hostmore looking to capitalise on heritage of TGI Fridays
The group is looking to drive sales in its core restaurant estate by tapping into the strong awareness of the TGI Fridays brand – which it is bringing back – as well as a focus on boosting drinks revenue
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Hush Collection to expand Haché Brasserie concept
The group has sold its Haché Burger site in Clapham to grow the Brasserie concept, with a focus on larger sites and an expanded all-day offer
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Jamie Oliver cooks up a new restaurant chain
The celebrity chef is launching a new chain of upmarket restaurants in Britain, only a year after administrators finished winding up Jamie’s Italian, The Times reports
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Oasis: TRG management ‘not aligned with shareholders’
The activist hedge fund has urged fellow shareholders to reject “pay without performance” at The Restaurant Group
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Prezzo to close 46 restaurants
The latest restrcuture at the Italian causual dining chain will leave it with 97 restaurants, and more than 800 staff affected
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Mitchells & Butlers to acquire remaining stake in Ego Restaurants
M&B, which took a 40% stake in Ego Restaurants in 2018, plans to expand the Mediterranean-themed pub and restaurant chain nationwide
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McDonald’s announces recipe changes to core items
The chain will make changes to the Big Mac among other items, in its first major menu change since launching the crispy chicken sandwich
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Smoky Boys opens 12th site
The BBQ and ‘grill haus’ brand has launched in Southside Shopping Centre in Wandsworth
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Eyal Shani to launch first of three new restaurants this year
The Israeli-born chef and restaurateur behind Miznon is opening Lilienblum near Old Street
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Michelin-star chef slashing prices at Mayfair restaurant
Jason Atherton has cut his prices at his flagship restaurant over fears Londoners are being priced out of West End dining
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Fulham Shore to be acquired in £93m deal
The Franco Manca and Real Greek operator’s board has agreed to a proposed takeover by Japanese food conglomerate Toridoll
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Burger & Sauce signs five new franchisees
The business is looking to expand from its Birmingham base to Sheffield and Liverpool through its new franchise partners
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Creams confirms first sites to open under new Park Garages partnership
Cafes will open within Park Garages Blackburn and Wigan later this month, following increased demand for the brand in the north.
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McDonald’s closes US offices as it prepares to announce redundancies
The chain has closed its US offices for three days to inform corporate employees about layoffs as part of a broader company restructuring
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Itsu launches first hot food-only restaurant
The site in Regent’s Place will be solely focused on hot dishes, with no sushi on the menu, and will be the first of several sites to open in the new format this year
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Crust Bros announces two new openings
The Neapolitan pizza concept is expanding its estate to five London sites, following the success of its locations within Boxpark
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Tasty selling two sites, considering further closures
The group is also considering converting further Wildwood restaurants to its dim t brand following a successful rebrand in Loughton
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Gordon Ramsay’s London House closes
The high-profile chef has operated the neighbourhood restaurant concept in Battersea Square since 2014