Côte Restaurants today announces that Partners Group, the global private markets investment manager, has acquired the business. Since its first restaurant opened in 2007, Côte Restaurants has delighted guests with its modern take on French all-day dining. Prior to lockdown the business was trading well with record sales and strong EBITDA growth in the last financial … [Read more...]
Pizza Hut CVA process agreed by creditors
Pizza Hut creditors and landlords earlier today voted to agree Pizza Hut’s CVA insolvency process to reduce rents on its restaurants. The positive vote in favour of approving the CVA will see all creditors accept reduced invoices in future to help keep the pizza chain afloat. The CVA agreement will see 215 Pizza Hut restaurant outlets stay open retainining circa 5,000 jobs, … [Read more...]
Leicester restaurant closed for significantly and repeatedly flouting Covid-19 regulations
A restaurant in Oadby, a small town in Leicestershire, has been ordered to close for not following Covid-19 regulations. The Tipu Sultan restaurant hosted a wedding party for circa 200 people the weekend before last, where social-distancing was not adhered to. Leicestershire County Council licencing authorities were called to the scene when local residents reported that the … [Read more...]
Tripadvisor data shows living close to HMP Brixton has distinct culinary advantages
The Clink Restaurant at HMP Brixton has been regularly judged by feedback from diners to make it the number 1 restaurant in London on Tripadvisor. Which given there are circa 20,000 London restaurants is quite some accolade. Like all restaurants in 2020 Covid-19 has taken its toll and as a consequence The Clink Restaurant at HMP Brixton is closed. The good news, at least for … [Read more...]
Various Eateries LSE AIM launch, restaurant superheroes face Herculean task
The restaurant market sector in the UK currently is unrecognisable from the impact of Covid-19. Household names have joined countless lesser known eateries being no longer in business. Making trading even more difficult, yesterday’s announcement from government set even more stringent rules in place limiting people meeting more than five others at any time, and warnings to the … [Read more...]