KPMG is advising Azzuri Group on the sale of casual dining chains, ASK Italian, Coco di Mama and Zizzi. This is the latest in a spree of casual dining chain restaurant sales that has seen brands like Carluccio’s sell at bargain basement prices. KPMG have been actively contacting potential buyers on behalf of Azzurri Group, owned by the private equity firm Bridgepoint, with a … [Read more...]
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Northern Ireland looks for hospitality parity with Dublin
Hospitality businesses across Northern Ireland are urgently asking the Northern Ireland Executive to follow Dublin’s lead in setting a clear timetable for reopening. The Irish Government is moving to phase two of its plan to reopen the hospitality and the wider economy from tomorrow. Phase two of Dublin’s plans will see pubs that serve food, restaurants, cafes and hotels … [Read more...]
Dining with the future
For me, a truly great, truly memorable dining experience is just that, an experience. Part food, part company, part atmosphere, a sum greater than its parts and something that will stay in my memory for a long time to come. Last December with a log fire crackling beside a well-dressed tree, in the Drawing Room of a Grade 2 listed hotel, I sat down to a delicious breakfast … [Read more...]
Landlords may look back at restaurant rent decisions…
High street restaurant chain outlets will be far fewer in numbers by the time most UK high streets reopen, and many familiar names will be different or have new owners and operators. The casual dining restaurant sector has struggled in recent years and now amidst the Covid-19 crisis has one simple objective, survival. Cash has always been king in business and now … [Read more...]
US closes Cuban hotels
The US Government has instructed Marriott to close all hotels in Cuba following President Trump’s tightening of the US trade embargo on Cuba. US closes Cuban hotels. The tightening of embargo conditions from the Trump administration is designed to pressure Cuba to adopt democratic reform and to cease support for Venezuelan President Nicolas Maduro. Marriott operates hotels … [Read more...]