Boparan Restaurant Group’s confirmation of acquiring Carluccio’s yesterday morning was good news, not least for the 800 people that had their jobs saved. It also is a preview to a frenzy of similar acquisitions in casual dining, and the wider UK restaurant sector. As restaurants across the UK remain closed due to Government restrictions combating the spread of … [Read more...]
Boparan completes Carluccio’s acquisition
Boparan Restaurant Group earlier this morning confirmed the acquisition of Carluccio’s including 30 trading sites. The move was expected as we reported earlier this week and saves more than 800 jobs. Boparan Restaurant Group already operate many well known restaurant brands including... Cinnamon - Fishworks - Slim Chickens- Giraffe and Ed’s Easy Diner. Boparan Restaurant … [Read more...]
Gordon Ramsay seeks liquidity
Gordon Ramsay has been working with banks to secure the future of his restaurant business from the ongoing impact of Covid-19, according to various reports in financial media today. The reports are mixed but focus on Ramsay registering charges with Barclays against sixteen parts of his diverse restaurant empire. The loan charges include the companies that run his … [Read more...]
QSR shoots of recovery
As restaurants all over the UK continue to look for some good news, the first shoots of recovery are emerging. QSR restaurants are slowly reopening outlets to test the waters. As travel restrictions are eased and people encouraged to return to work, motorway service stations are one of the first to open doors. QSR shoots of recovery - travel network Moto’s reopening … [Read more...]
Casual Dining Group files for administration
Casual Dining Group operates circa 250 restaurants including many of the high streets best known casual dining brands. On Monday 18 May a notice of intention to appoint administrators was filed to buy some time in protecting the business from creditors. Casual Dining Group operates Bella Italia, Belgo, Café Rouge, Huxleys, Oriel and Las Iguanas. Filing to work with … [Read more...]