Greggs is now looking at job cuts as the impact from the government's furlough scheme ending is set to shock their balance sheet. Greggs is one of the familiar faces on most high streets employing circa 25,000 people and in a recent statement said it expects business activity to ‘remain below normal for the foreseeable future’. The statement revealed the business is … [Read more...]
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Côte Restaurants acquired by Partners Group
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...]
CareerScope launched to support industry people through Covid-19
For the very first time, the hospitality industry has joined forces to provide essential support to those impacted by COVID-19. Marking a first in the industry’s history, CareerScope is a partnership between five organisations: Springboard, Hospitality Action, UK Hospitality, the Institute of Hospitality and the Savoy Educational Trust. Launching on Monday 28th September, the … [Read more...]
Culinary Heat Lamps
Hanson Heat Lamps specialise in Culinary Heat Lamps and Sneeze Guards for premium dining establishments all over the world. Hanson has been represented by Equipline in the UK for the past 20 years, and over these years the Hanson Heat Lamps team has continued to develop its now extensive line of Heat lamps. A wide selection of Single and Dual lamp Freestanding or thru-table, … [Read more...]