All Restaurants articles – Page 64
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News
Maxwell’s relocated due to rent increases
Maxwell’s Bar & Grill on Covent Garden’s James Street, is relocating to King Street after 25 years due to “unsustainable rent increases”
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Analysis & InsightAlan Yau: ‘Shun’, Seasonality and Sanitaryware
Alan Yau, the founder of Wagamama, Busaba Eathai and Hakkasan, discusses how the UK restaurant sector latched onto the theme of seasonality and compares the comparisons and differences between the British and Japanese dining scenes.
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News
Solanot to oversee Wingstop’s UK launch
Christian Solanot, formerly of Cote, Jamie’s Italian and Shake Shack, is to oversee the launch of US chicken concept Wingstop in the UK
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News
Tattu secures Birmingham site
Tattu, the contemporary Chinese restaurant brand, has secured a site in Birmingham for its third site
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News
Shake Shack targets City opening
Shake Shack, the US better burger brand founded by Danny Meyer, is set to open its first site in the City of London
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Analysis & Insight
One in three of UK’s top 100 restaurant groups are lossmaking
More than a third of the UK’s top 100 restaurant groups are lossmaking
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OpinionHold your Italian stallions
This weekend Carluccio’s became the latest business to come under the spotlight. The wider press is smelling more CVA blood and before we talk another sector business down that route, Mark Wingett asks whether we should hold our horses a minute on this one?
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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).