All Tasty articles – Page 2
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NewsTasty repays bank loan early
The Wildwood operator has done away with its £1.25m facility with Barclays, and believes it is in a strong position to open five to six new sites in 2022, with one currently under offer
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NewsTasty appoints Harald Samúelsson as exec director
Formerly an independent non-exec director, Samúelsson takes up his new role with immediate effect, with Wendy Dixon appointed as a new independent non-exec director
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NewsTasty ‘cautiously optimistic’ about estate expansion
The operator of Wildwood and dim t restaurants said it expects to open around five to six new units this year, in a “measured expansion plan”, following a profit turnaround last year
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NewsTasty EBITDA positive
The Wildwood restaurant operator plans to open five or six new units this year
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NewsTasty sees losses reduce as summer trade boosts balance sheet
Tasty said it now had “a viable platform” on which to build a successful business following support from creditors, landlords and government, as it reported a +33% uplift in revenue for the half year to 27 June 2021.
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NewsTasty negotiates favourable lease terms for majority of restaurants
Tasty has agreed consensual lease concessions and rent reductions on more than 80% of its estate and is continuing to negotiate with landlords and other creditor on any outstanding debts, it has said.
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NewsSamúelsson joins Tasty board
Tasty, the owner and operator of Wildwood restaurants, has appointed Harald Samúelsson joins Tasty boardas an independent non-executive director.
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NewsTasty banks on further landlord support as losses widen
Tasty is negotiating with landlords in a bid to avoid implemented a CVA or similar formal procedure, as the impact of lack of trading continues to impact its financial position.
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NewsTasty achieves rent reductions and concessions on more than half of estate
Wildwood operator Tasty has achieved rent reductions and lease concessions on more than half of its estate, two months after it announced it was exploring a potential company voluntary arrangement (CVA).
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NewsTasty: “An extremely difficult year”
Tasty, which owns the Wildwood brand, has said sales fell £8.7m from £21.1m in the prior year and it made a loss after tax of £11m. It has 48 of its 55-strong estate open. It said 2020 has been an “extremely difficult year which required swift action to mitigate the extraordinary challenges faced. Tasty was quick to react to the Covid-19 outbreak. Whilst the trading environment continues to be extremely challenging and ever-changing, with the additional bank facility and support from our creditors and landlords, we are hopeful that we will be able to navigate our way through these difficult times due to our agility and restructured operational base.”
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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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OpinionDominic Walsh: Casual dining one of ‘big losers’ of pandemic
It used to be so simple. Come up with a restaurant concept and a brand, open one restaurant, then a second, then aim for five outlets then ten and 20, and if it’s still working, press the button on a nationwide rollout. Well, something like that, anyway.
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NewsTasty slashes third of workforce
Wildwood operator Tasty is making 284 staff redundant, around 32% of its workforce.
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NewsDoubts emerge over loan scheme
Doubts have emerged over the government’s loan scheme, with bank applications insisting on director personal guarantees.
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NewsFour new openings at Elephant Park
Bobo Social, Sugo, Tasty Jerk and Pot & Rice have been revealed as the latest independent operators set to open in Southwark’s Elephant Park development.
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NewsBigDish to roll out with Tasty
BigDish, the food technology company that operates a yield management platform for restaurants, has added 242 new restaurants in January.
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NewsVeganuary operator offering round-up
Once again, Veganuary is upon us, and with the number of vegans more than doubling to 600,000 between 2016 and 2019, this year’s operator offering is bigger than ever.
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NewsTasty sells Dim T More London site for £2m
Tasty has exchanged contracts for the sale of its Dim T More London site for £2m.
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OpinionWhy Pizza Express is worth saving
There are many theories why Pizza Express, the largest casual dining chain in the UK with 490 sites, has slid into such a massive pile of debt.