Restaurants News – Page 50
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NewsMowgli eyes expansion
Mowgli, the 11-strong Indian street-food concept, is set to open a further two sites before the end of the year.
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NewsVarious Eateries prepares £25m float
Various Eateries, which operates brands including Coppa Club and Tavolino, is seeking admission to AIM at the end of the month in order to raise £25m to fund expansion and provide working capital. It currently has ten sites, with five in London. “I believe that Covid-19 is the biggest event to hit the UK economy outside of war-time,” said Various Eateries founder Hugh Osmond. “Whilst I deplore the terrible effect it has had on our industry, we are confident that there will be major opportunities for a well funded group with strong management to build a fantastic business in the aftermath of Covid.
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NewsIncipio Group praise landlords for ‘flexibility and support’
Incipio Group, the London-based large-scale restaurant and bar operator, has praised its landlords for their support in helping the business navigate the coronavirus crisis.
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NewsPizza Hut Restaurants to close 29 sites
Pizza Hut Restaurants, the UK dine-in franchise business of the global Yum! brand, is proposing to close 29 sites as part of a Company Voluntary Agreement (CVA).
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NewsThe Avocado Show signs London franchise deal
Instagram-friendly restaurant concept The Avocado Show has signed for 19 new franchise locations across the UK and Europe, including London, Madrid and Paris.
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NewsPHE announces new calorie and salt reduction guidelines
Foodservice and takeaway businesses will be encouraged to follow voluntary calorie reduction guidelines to “support the national effort against covid-19 and obesity,” Public Health England has announced.
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NewsPizza Express CVA approved
Pizza Express has announced its proposed company voluntary arrangement (CVA) has been approved by creditors, with 73 sites set to close.
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NewsWhy extending EOHO may be the final straw for independent restaurants
I have nothing but positive things to say about Eat Out to Help Out. I know it’s put a lot of pressure on some operators and staff but, on the whole, it has been so reassuring to see our streets and restaurants busy again. Clearly half-priced food is enough to entice reluctant diners out from their lockdown lives and remind them that eating at restaurants is great fun, delicious and safe. As a result, our industry has received a much-needed economic boost - at least £336m has already been claimed across the 84,000 outlets taking part.
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NewsDark kitchens: shining a light on data issues
You could see Paxman asking the question on University Challenge: “’Dark’, ‘cloud’, ‘virtual’, ‘delivery only’ are all terms to describe what?” “Kitchens” is the answer, and so-called dark kitchens have emerged from nowhere a few years ago to become almost commonplace in the food and beverage industry now. These kitchens are separate from any restaurant premises and exist solely for the preparation of dishes ordered online which will then be delivered to the customer.
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NewsYo! CVA approved
The CVA proposed by Yo! on 14 August has been approved by its creditors. It will now close 19 of its 69 sites. ”These are exceptionally challenging times for our sector and we are pleased that our creditors have supported us in today’s vote,” said Yo! CEO Richard Hodgson. “This will ensure Yo! has a solid foundation to continue to adapt to the changes brought about by Covid-19, and allows us to focus on reopening remaining sites and rolling out our new restaurant model.”
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NewsGail’s to open in Blackfriars
Gail’s, the Luke Johnson backed artisan business, is opening a new 50-cover bakery in Blackfriars.
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NewsTortilla announces post-EOHO discounts
Tortilla’s August sales were up by 50% Monday-Wednesday compared to the previous month, with two new deals announced to follow Eat Out to Help Out.
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NewsHawksmoor: Why we won’t be extending EOHO
We won’t be extending the Eat Out to Help Out scheme. A time is coming soon when restaurants have to stand on their own two feet – without government help and with the conviction that their normal prices are the right ones.
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NewsHugh Osmond: ‘Even big chains can’t afford rent backlog’
If something isn’t done to deal with the rental backlog, hospitality will see a huge number of business closures, Hugh Osmond has warned.
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NewsKaren Jones: Why is it so important that hospitality wholeheartedly supports NHS Test and Trace?
So it’s a Bank Holiday weekend, pay day for many and the last EOTHO on Bank Holiday Monday. Many of our restaurants and pubs across the UK will be very busy and it seems an opportune moment to remind ourselves of the vital importance of all our places fully supporting NHS Test and Trace. Why is it so important that hospitality wholeheartedly supports NHS Test and Trace? Because hospitality offers safe spaces for people to enjoy being with friends and family. Because we are often at the centre of our communities and high streets. We have a real responsibility to keep our customers, our teams and our communities safe and well. NHS Test and Trace is a powerful way to do just that: collecting and providing the information to help break the chain of transmission and control the virus.
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NewsMichael Caines opens second Cornwall restaurant
Michael Caines has opened a fourth restaurant in Rick Stein’s former Porthleven site, which he acquired last month.
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NewsPret forced to axe 2,800 jobs
Pret has been forced to make 2,800 staff redundant as a result of the coronavirus. It said though sales and footfall have begun to recover, the impact of the coronavirus had set sales back ten years, when the business was “considerably smaller” than it is now (it had around 200 sites compared to 367 today). Weekly sales are averaging around £5m – the level they were at in August 2010. It also said trade across the UK estate was down 60% down year on year. As a result, the business said it has had to permanently close 30 shops and let 2,800 employees go, thanks to a combination of “shorter opening hours, lower transaction levels, and the losses faced by the business in 2020”.
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NewsChilango sold out of administration
Chilango has been sold out of administration, securing 10 of its 11 restaurants.The burrito brand announced today that administrators RSM had secured a sale of the group to investment firm RD Capital Partners in a deal that will save 130 jobs.Last month, Chilango filed a notice of intention to appoint administrators as a result of pressures caused by the coronavirus lockdown, having already gone through a company voluntary arrangement (CVA) at the end of 2019.
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NewsJollibee to open second UK site as it eyes rapid expansion
Jollibee, the Philippines largest fast-food chain, is set to open its second UK site in Liverpool next month.
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NewsD&D London in ‘strong financial position’ ahead of second reopening wave
D&D London has said it is in a ‘strong financial position’ as it sets out the second phase of its reopening strategy.