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...]
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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...]
Visa and Mastercard Overcharging Refund, a well-timed potential financial windfall for hospitality
Following the recent landmark decision of the Supreme Court against Visa and Mastercard, in favour of Sainsburys et al, - the Supreme Court Judgement summary can be read here - hospitality and catering businesses can now access potential refunds without having to litigate themselves. The matter is complex and requires substantial consideration, so we recommend readers … [Read more...]
Face masks mandatory, and robots doing the cleaning at University of Leeds
University of Leeds has made it mandatory to wear a face mask or covering in all Great Food at Leeds catering outlets. It has also begun using intelligent robots to prevent the spread of coronavirus in busy public spaces. The robots combine navigation, computer vision and artificial intelligence to identify objects that need regular cleaning such as seating, bike stands and … [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...]