All YO! Sushi articles – Page 2
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NewsYO! appoints new chairman
Global Japanese and Asian food group YO! has appointed John Walden as its new chairman, with Eric Nicoli to step down.
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NewsShareholders inject £13m into Yo!
The parent company of Yo! secured £13m in shareholder funding in September 2020 to repay bank debt.
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NewsYo! CVA approved
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.”
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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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NewsYo! appoints Deloitte to explore CVA
Yo! has appointed Deloitte to advise on the possibility of a CVA, according to a report on Sky News. It said although discussions are still ongoing, unless Yo! was able to strike reductions in rent with landlords it was likely a CVA would be the likely option. Yo! had been in the process of reopening a number of sites which had been remodelled to deliver food to customers via its trademark conveyor belt.
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NewsYo! continues to reopen sites
Yo! will reopen 18 sites on 1 August and plans to open another 13 over the news few weeks. A reimagined version of the famous kaiten belt will see diners order through their smartphones before being delivered food and drink to their tables via the conveyor belt. This allows the restaurants to comply with social distancing measures and reduces interaction between customer and staff.
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Analysis & InsightLarge majority feel safe in pubs and restaurants
An overwhelming number of consumers (94%) who have visited pubs, restaurants and bars in England in the two weeks since reopening were satisfied with the safety steps in venues they visited, with 96% being likely to recommend a visit to friends and family.
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NewsYo!, Prezzo and Byron among latest casual dining closures
Yo!, Prezzo and Byron are some of the latest casual dining operators to temporarily close their doors.
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NewsPressure, power and positivity
Not to be overly optimistic, and perhaps it’s just the inevitable emergence from a lengthy and brutal period of rationalisation and consolidation, but things appear to be looking up. Admittedly the upticks predicted for 2020 are tiny, like 1% growth for casual dining and a 0.3% acceleration for food to go. But after the carnage of the last couple of years, positive news, however slight, will come as welcome news for the operators that skilfully navigated their way through it.
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NewsYo! To Go, Five Guys and @pizza join Edinburgh St James line-up
Yo! is bringing its To Go format to the Edinburgh St James development, alongside Five Guys and @pizza.
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NewsThe Dom Walsh Awards
Our monthly columnist from The Times hands out his annual awards to brands and operators who have made the past 12 months newsworthy – for better or for worse…
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OpinionThe transformational potential of rebranding and remodelling
Embarking on a rebranding or remodelling programme may seem like a sure-fire way to reinvigorate your business, but there are many aspects to consider if you want to get it right, explains brand strategy consultant Ian Dunstall.
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NewsYo! opens first ‘To Go’ format in Manchester
Yo! has opened its first ‘Yo! To Go’ concept at Piccadilly Station in Manchester. Like the recently opened Yo! Kitchen, the new fascia dispenses with the kaiten belt and introduces interactive touchscreens for customers to order food. The menu is designed for takeaway and will feature sushi, ...
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NewsYo! teams up with Movember
Yo! has teamed up with Movember to raise awareness of mental health among men, following a startling report by Nestle Professional which claimed eight in ten chefs have experienced poor mental health during their careers. Yo! will host a panel discussion with Movember and Countertalk, an organisation which helps connect industry bodies, which will encourage people to be more open about mental health. The panel will include Yo! HR director Alyson Hancock, Sarah Coghlan, global health promotion director at Movember and Merly Kammerling, from Me, Myself and Mind.
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NewsYo! to trial grab and go concept in Manchester
Yo! is to trial an express format restaurant designed for customers on the go, like a “Japanese version of Leon”, MCA’s sister title Big Hospitality reports.
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NewsSay hello to the newest version of Yo!
When Yo! Sushi arrived in the UK in 1997 it was everything casual dining wants to be in 2019. Colourful, fun, innovative and fresh, it also had entertainment on the side thanks to the novel kaiten conveyor belt that served up plates of food. Remarkably, the novelty hasn’t worn off, even after 22 years. Yo!, which dropped the ‘Sushi’ from its name in September to send a message to the squeamish that it offered more than just raw fish, reported a UK sales hike of 5% to £88.9m in July.
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NewsCreams appoints new execs in readiness for growth
Dessert café Creams has made several new appointments to its executive leadership team as it readies itself for the next stage of growth.
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Analysis & Insight‘TRG now has a future’
The legacy of Andy McCue’s truncated time as chief executive of The Restaurant Group is, as well all know, the £559m acquisition of Wagamama. When the deal squeaked through last year, there was widespread scepticism over the longevity of its stellar like-for-like sales growth.
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NewsMark out of ten - What’s Yo! name?
This week started with a banger of a PR stunt as I flicked through Twitter before I even put my specs on. Yo! (the artist formerly known as Yo! Sushi) has finally had enough of being pigeonholed by the nation as just a sushi chain and have changed their name ...
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News
Loch Fyne’s Horan takes on new role at Greene King
Greene King has appointed Michael Horan as the new business unit director of its 70-strong gastro-pub business Metropolitan Pub Company.