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...]
Covid-19 Foodservice combat milestones
Covid-19 has almost brought UK foodservices to a grinding halt. However, like phoenixes rising from the ashes, foodservice operators forced to grapple with an ever changing situation, have adapted, evolved, and innovated. I recently read the line “entrepreneurship is not a destination it’s a journey.” And with journeys, there are always setbacks, but these are … [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...]
Boparan to acquire Carluccio’s
Ranjit Singh, the founder of 2 Sisters Food Group, is set to buy Carluccio’s through Boparan Restaurants. The potential acquisition would be through the administration process Carluccio’s is in, and if the deal goes ahead it would save about 900 jobs. Boparan Restaurants already owns a number of well-known casual dining brands, so the fit looks like a good … [Read more...]
Hospitality profit warnings soar
FTSE Travel & Leisure companies have issued 54 profit warnings to date in 2020, equating to over two years’ worth of warnings. This figure is six times the number compared to the same period last year when nine were recorded. Profit warnings issued by quoted travel and leisure businesses this year have cited being exposed to the impact of national lockdowns … [Read more...]