Whitbread has accepted offers on 51 of its branded F&B sites for a total consideration of £56m under plans to exit 126 restaurants and convert 112 others into hotel rooms.
Industry investor Charlie McVeigh has joined the board at The Revel Collective as non-executive director alongside former Laine Pub Company CEO Gavin George.
Revolution Bars Group has rebranded as The Revel Collective, with chief executive Rob Pitcher saying the new name signals a ‘fresh start’ for the group.
Seafood restaurant and retail brand Caviar House & Prunier has shuttered over half of its UK airport estate following an administration sales process that secured 67 jobs across three sites.
TGI Fridays’ UK franchise has been acquired by Breal Capital and Calveton in a deal that will save at least 51 of the American bar and restaurant brand’s sites.
A deal by D&D London owners Breal Capital and Calveton to acquire TGI Fridays’ UK franchise following the collapse of its parent company is ‘on the verge of being finalised’.
While concerns the new tipping law could lead to price rises shouldn’t be ignored, it’s important to not lose sight of how significant a step forward this is for restaurant workers.
Michael O’Hare has closed his Leeds restaurant Psycho Sandbar just seven months after launching it on the site that previously housed his Michelin-starred The Man Behind The Curtain.
New World Trading Company (NWTC) is to close three sites as part of the restructuring plan that will also see the group aim to launch a company voluntary arrangement (CVA).
Brighton and Hove-based Italian group Cin Cin is to close its only London restaurant after three and a half years trading as the business looks to focus on new projects.
Nico Simeone has announced that his immersive cocktail bar concept Somewhere by Nico will stop serving food after admitting that the proposition had become ‘unclear’.
Chef Richard Corrigan has said trading conditions within the hospitality sector are ‘harder than they have ever been’ as his group swung to a loss of more than £1m.
The UK arm of Karen’s Diner, the Australia-founded restaurant group known for its rude service and staff with attitude, has gone into liquidation amid ‘mounting financial pressure’.
TGI Fridays’ future in the UK is in doubt as Hostmore, the UK franchise owner, scrambles to sell its 87-strong estate after abandoning plans to acquire its US counterpart.
High-profile Scottish chef Nick Nairn has closed his eponymous Nairn’s restaurant in the Bridge of Allan little more than a year after he relaunched the site following a devastating fire.
The majority of consumers support the new Tipping Act that will come into effect early next month and see 100% of tips and service charges go to staff.
Neat, the vegan QSR brand backed by Lewis Hamilton and Leonardo DiCaprio, has shuttered its outposts in New York and Dubai in an apparent set back to its international ambitions.
