Restaurants News – Page 51
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NewsWahaca to shutter a third of estate
Wahaca is set to close a third of its estate in a bid to secure its future beyond the coronavirus crisis.
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NewsThe “phenomenal” effect of Eat Out to Help Out - but will it be extended?
Gusto MD Matt Snell has described the effect of Eat Out to Help Out as “phenomenal” although he has no plans to continue with his own version of the discount scheme once it ends this week. “I’ve never really seen anything like it in my career,” he told MCA’s virtual event The Conversation. “The shape of the working week has changed, so Wednesdays are your Saturday night, Tuesday’s your Friday night and on Monday there’s kind of a second Friday. So it has been a runaway success, there’s no doubt about it. “There’s been quite a lot of negativity in the press around what it’s done to weekends, and restaurant groups pulling out, but we’ve had nothing but positive experiences and we’ve not seen a huge drop off in sales, if any, over the weekend.
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NewsHai Di Lao Hot Pot launches first UK site
China’s biggest hot pot restaurant brand, Hai Di Lao Hot Pot, which has over 700 restaurants in 115 cities around the world, has opened its first UK site in London at the O2. The 8,200 sq ft restaurant, which has a 2,800 sq ft mezzanine floor, has room for 212 covers. It’s the brand’s second restaurant in Europe. “It is exciting to be opening our doors at such an iconic London location which shares our ambition for rapid and ambitious growth,” said a spokesman for Hai Di Lao Hot Pot.
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NewsPatty & Bun “cautiously optimistic” for the future
Patty & Bun has reported a pre-tax loss of £264k for the year ending November 2019, an improvement on the £318k it lost in 2018. Sales were £10.9m, down from £11.6m the previous year. In its report to Companies House, the business said it remained “cautiously optimistic” as a result of the coronavirus, and though it said the “current climate will remain difficult” for hospitality it was “well placed to tackle future challenges”. It said those would include the potential impact of travel bans, a second wave of the virus, the availability (or lack of) government support and absence of commuters as consumers work from home.
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NewsThe Clean Kitchen Club eyes rapid expansion
Plant-based virtual brand The Clean Kitchen Club has opened its third dark kitchen, its first in London, in just eight weeks.
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NewsCasual dining failures a ‘victim of timing’
Failures in casual dining have often been a “victim of timing”, due to fierce competition and speed of expansion, Alix Partners’ Graeme Smith has said.
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NewsPatty & Bun ‘committed to national expansion’
Patty & Bun remains committed to national expansion, citing its strong brand and robust finances as putting it in a strong position to capitalise on opportunities for sites.
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NewsFulham Shore chairman David Page: ‘Crises create opportunities’
The outlook for many in casual dining may appear bleak, but as in any crisis, there will be plenty of opportunities for its survivors, Fulham Shore chairman David Page has said. Speaking at MCA’s The Conversation, Page turned to his own experience as an industry veteran to reassure operators that with the right concept and the right team, the post-coronavirus fallout could be beneficial to them in the long-term.
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NewsPizza Express confirms permanent closure of 73 sites
Pizza Express has confirmed it will close 73 of its UK restaurants – almost a fifth of its estate – as part of its CVA process.
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NewsNeat Burger opens in Camden
Neat Burger, the Lewis Hamilton-backed plant-based burger brand, has opened a new site in London’s Camden Market.
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NewsGordon Ramsay Restaurants plans to open 50 UK sites
Gordon Ramsay’s restaurant group is pressing ahead with expansion plans, having made a profit of more than £15 million last year.
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NewsTasty completes workforce cut back, continues to explore cost-cutting options
Wildwood operator Tasty has completed the process of reducing its workforce by 32%, making 284 staff redundant.
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NewsYo! confirms CVA with 19 closures
Yo! has confirmed it will close 19 loss-making restaurants and cut 250 staff as part of a company voluntary arrangement (CVA).
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NewsTen Entertainment to open 35 sites as bowling centres given the green light
Ten Entertainment Group is set to reopen a further 35 bowling centres tomorrow, following the government’s decision to resume its lockdown easing in England.
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NewsMitch Tonks ‘astounded’ by Rockfish’s post-lockdown trading
Rockfish co-founder Mitch Tonks has said he is “astounded” by the numbers in its first month of reopening, as the group’s nine restaurants are once again open for business.
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NewsItsu to reopen train station stores
Itsu is set to reopen a selection of its travel hub sites this week, following calls from the Prime Minister that people should return to work if they can.
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NewsHaidilao launches first regional site
Haidilao, China’s largest hot pot restaurant chain, is to open its first regional site in the UK.
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NewsManchester’s Great Northern Warehouse launches outdoor dining space
Manchester’s Great Northern Warehouse has launched a 50-cover outdoor kitchen and dining space to provide space for businesses to operate at an increased capacity.
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NewsPizza Express announces next wave of reopenings
Pizza Express is set to reopen a further 63 sites next week, taking its total reopen estate to over 300.
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NewsFulham Shore raises £2.25m in share placing
Fulham Shore has raised £2.25m in a share placing that was oversubscribed.