By M&C Report team2010-04-29T10:30:00+01:00
East Coast Concepts, the Manchester-based restaurant and bar group, has been bought out of administration.
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.”
BrewDog has confirmed it will be opening a 4,000 sq ft bar at The Barcode, the new leisure and entertainment development, located next to Drake Circus in Plymouth city centre.
Private equity firm Cain International has acquired Prezzo from previous owners TPG as a going concern.
In usual times, an ‘if it ain’t broke, don’t fix it’ approach to operating a business as successful and celebrated as Dishoom makes sense. But 2020 has been anything but usual, and despite its initial reluctance to drift from the carefully curated roll-out program that’s seen the Indian restaurant concept emerge as a well-established industry darling over the last ten years, in March the business announced it would be launching a collection and delivery option, for the very first time. It now boasts seven delivery-only kitchens, opening its latest in Brighton last week, and as co-founder Shamil Thakrar tells MCA, the business doesn’t intend to stop there.
Tomahawk restaurant group will open its debt restaurant in London this week.
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