The Wall Street Journal has confirmed that TGI Fridays Inc. plans to leave the business of running restaurants in the USA, as well as to sell its UK restaurants. TGI Fridays is owned by private-equity firms, and executives told the Wall Street Journal that it plans to sell most of its 247 restaurants in the USA to franchisees, also selling all 63 of its company-owned … [Read more...]
Tragus targets growth to 500 restaurants
Tragus Group, one of the UK’s largest casual dining operators, has confirmed the completion of the sale of Strada Trading Limited to SCP Sugar Limited, an entity controlled by Sun Capital Partners. This will allow Tragus to focus on the development of its core brands, Bella Italia and Café Rouge. Key highlights Agreed sale of 43 Strada sites for a total consideration of … [Read more...]
First UK site for New Orleans concept, Ninth Ward
Shelley Sandzer, the leisure property specialist agency, has secured the debut London site for the New York based independent bar and restaurant operator, The Church Group which will enter the London market with their existing New Orleans concept, Ninth Ward. Ninth Ward London will be opening at 99-101 Farringdon Road in early 2015, trading from a split-level ground floor … [Read more...]
Pierre Hermé to open in Seven Dials
Shaftesbury PLC has announced that Pierre Hermé (below) is to open its new London boutique in Seven Dials with a 596 sq ft standalone store at 38 Monmouth Street. Providing a truly Parisian gourmet experience, the boutique will include Pierre Hermé signature offering of Macarons & Chocolats and will open this November. The new boutique is the first of its kind in Seven … [Read more...]
Outstanding results on Tax Equality Day
Organised by veteran VAT cut campaigner Jacques Borel, Tax Equality Day was once again a great success. Here, H&C News presents some reactions from the companies supporting the Day. Jacques Borel commented: “The results for Tax Equality Day were outstanding. “The substantial increase in customers on the day due to the price cut of 7.5% (with some members even … [Read more...]