NPC, Pizza Hut’s single largest franchisee in the US filed for bankruptcy earlier this year with debt of circa $900 million and is now seeking debt protection. NPC is also the largest franchise operator of Wendy’s in the US. The debt protection process is now disclosing a number of issues and difficulties between NPC and Yum Brands, who seem unwilling to help NPC and are … [Read more...]
Burger chain Byron acquired by Calveton
Burger chain Byron has been immediately acquired upon entering administration for an undisclosed sum. The acquisition will see Calverton take on only 20 of the 51 Byron restaurants with no details of the prospects of the remaining 31. Byron has for years flirted with financial difficulties and only two years ago used a company voluntary arrangement to close 20 restaurants to … [Read more...]
Epiris – The Big Table – acquires Las Iguanas, Bella Italia and Café Rouge
A new business formed by private equity firm Epiris has successfully concluded a deal to take control of the Las Iguanas, Bella Italia and Café Rouge restaurant businesses, in concert with the existing management team led by CEO James Spragg. In a process handled by AlixPartners, the business formerly known as Casual Dining Group was acquired from administration, preserving … [Read more...]
McDonald’s US announces face mask mandate and delay in reopening
McDonald's in the US has announced that effective from today, it will require all customers to wear face coverings when entering its restaurants due to new Covid-19 cases continuing to surge in many states. It will delay the re-opening of its dining rooms for another 30 days. McDonald's is the latest in a move by restaurants in the US issuing face mask mandates for its … [Read more...]
Brick Lane’s Bangladeshi restaurants call for help after Covid-19 impact
The ongoing impact of Covid-19 is threatening the future of Brick Lane's Bangladeshi-run curry restaurants with owners fearing that their businesses can only survive a few more months without help. While restaurants on the east London street re-opened on the 4 July after three months’ enforced closure, they have not encountered their usual influx of office workers and … [Read more...]