All Restaurants articles – Page 60
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NewsPrezzo FY lfls fell 8%
The Company Voluntary Proposal proposal document put forward by Prezzo has laid bare the decline in trading the company experienced during 2017
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NewsCarluccio’s "appoints advisors"
Carluccio’s has become the latest casual dining chain to appoint advisors to assess its strategic options, according to reports this weekend.
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NewsPrezzo needed a pick up earlier
In what could be the biggest Company Voluntary Arrangement (CVA) the UK’s restaurant sector has experienced, Prezzo is set to shed nearly a third of its estate, including its Chimichanga brand, in a further high profile example of the issues currently impacting the industry. So how did it come to this for a business that sparked a bidding battle and sold for a price that analysts at the time said undervalued it, asks Mark Wingett
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NewsPrezzo “has bright future” beyond CVA
Prezzo chief executive Jon Hendry-Pickup has spoken exclusively to MCA about the launch of a Company Voluntary Arrangement (CVA) this morning.
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NewsLeelex to launch Tonica at Exmouth Market
Leelex, the Leeds-based bar and restaurant operator, is launching Spanish and Basque concept Tonica in Clerkenwell, MCA understands.
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OpinionCDG looks to spread the risk
Experience counts and judging from the latest trading update from the Casual Dining Group (CDG) it is helping the business combat the current nervousness spreading across the market. Its latest trading update paints a picture of a resilient business diversifying to spread the risks thrown up by a soft market and producing an impressive EBITDA performance when put up against the barrage of costs it has had to absorb. Mark Wingett looks at what else it has up its sleeve.
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News
Chipotle closes burger concept site
Chipotle has closed the only site operating under its burger concept Tasty Made
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NewsDiversification underpins CDG lfl growth
Casual Dining Group has said that its current trading is ahead of the market, as it reported “positive low-digit” like-for-like sales growth
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NewsWagamama UK lfls up 8.2% in Q3
Wagamama saw UK like-for-like sales (lfls) growth of 8.2% in the third quarter to 28 January – improving on the 7.1% rise in the second quarter.
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NewsPrezzo awaits CVA sign-off
Investors in Prezzo, the c300-strong operator of its eponymous brand and Mexican chain Chimichanga, have yet to sign off on its plan for a Company Voluntary Arrangement, MCA understands.
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NewsUsher to open two new restaurants
Gary Usher, the North West-based chef and restaurateur, is set to open a further two restaurants.
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NewsM Restaurants supports anti-trafficking drive
M Restaurants is to host a pop-up restaurant dedicated to raising funds and awareness of the fight against human trafficking.
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NewsPrezzo to launch CVA
Prezzo, the c300-strong operator of its eponymous brand and Mexican chain Chimichanga, is to enter a Company Voluntary Agreement (CVA).
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Opinion
How the Sethi siblings have changed the London dining landscape
Whether it’s property, concepts, market segments or choosing the best partners, the now 10-strong JKS Restaurants is yet to put a foot wrong. Restaurant magazine deputy editor Joe Lutrario explores what gives the sibling trio the running formula.
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NewsMotu plans string of curry houses
JKS Restaurants, the Sethi family-run venture behind Hoppers and Bao, is planning to open a string of curry houses in London Zone 1 and 2 under its Motu brand, MCA’s sister title BigHospitality has learnt.
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News
Leon set for Victoria Station
Leon, the healthy fast-food chain led by John Vincent, is to further strengthen its partnership with SSP by launching a site in London’s Victoria Station, MCA understands.
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News
Williams steps down as Whyte & Brown CEO
Liz Williams, who oversaw Greene King’s Loch Fyne Restaurants for five years, has stepped down as chief executive of Whyte & Brown, the Soho-based chicken concept, less than a year after joining the business, MCA has learnt.
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News
San Carlo confirms Regent St site
San Carlo, the family-owned restaurant group, has confirmed it is to launch an eponymous new site on Regent Street St James’s.
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News
MOD to double up in Leeds
MOD Pizza UK, the Sir Charles Dunstone-backed concept, is to double its presence in Leeds, after securing a site in the city centre.
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News
Waka to double up
Nikkei fusion restaurant Waka has signed with developers and landowners Stanhope, Mitsui Fudosan and AIMCo to open in the WestWorks building in White City Place, west London.