The Restaurant Group (TRG) has announced a strong like-for-like (LFL) trading performance for the first half of the year with rising sales across its Wagamama, concessions and pubs divisions.
UKHospitality CEO Kate Nicholls has called on the Government to extend new financial help to businesses by amending the terms of emergency loan schemes set up during the pandemic.
The Restaurant Group (TRG) is facing yet more pressure from investors after Irenic Capital Management called on the company’s board to replace chairman Ken Hanna.
Hospitality businesses fear they will struggle to cope over the summer holiday season, amid a warning that ongoing staffing struggles are creating a ‘serious crisis’ within the sector.
Prezzo’s restructuring plan, which saw it close nearly a third of its estate earlier this year, has been approved by High Court, marking the end of the group’s ‘strategic reshaping’.
The Restaurant Group (TRG) is facing fresh pressure from one of its main shareholders for promoting a finance chief with close links to its CEO, Andy Hornby.
Supply chain fragility continues to hit hospitality, with the cost of goods sold at 27.3% in February 2023, an increase of more than five percentage point in less than two years, according to new data from Fourth.
The Restaurant Group (TRG) has announced changes to its senior team, with a new CFO announced and an overhaul of management in the group’s Leisure & Concessions division.
A High Court ruling that found in favour of a group of businesses, including PizzaExpress, seeking insurance payouts for Covid-19 losses could potentially lead to ‘hundreds of thousands’ more claims.
D&D London has appointed advisors from Interpath Advisory’s corporate finance practice to explore raising new finance after confirming that its long-term backer LDC has exited the business.
Nigerian restaurant Chuku’s in London's Tottenham has been awarded a $10,000 grant by BeyGOOD, the charity founded by American singer-songwriter Beyoncé Knowles-Carter.
Azzurri Group has acquired a controlling interest in Ireland-based, fast-casual Mexican chain Boojum and plans to expand the brand across Great Britain.
Prezzo has appointed Jo Harrison as its chief financial officer, marking ‘the final chapter’ of a strategic review that recently saw the group shutter nearly a third of its estate.
The UK economy grew by 0.2% in April after contracting 0.3% in March, according to the Office for National Statistics (ONS), helped by strong trading in hospitality.
The Snowfox Group, operator of sushi brand YO! has been acquired by Japanese foodservice company Zensho Holdings, in a deal which values Snowfox at $621m.
Fulham Shore’s acquisition by Japanese food conglomerate Toridoll for £93.4m has been approved by shareholders at a Court Meeting and General Meeting held on Friday (9 June).
Sri Lankan restaurant group The Coconut Tree has told employees that payment of their wages for May have been delayed because of ‘unforeseen costs to the business’.
UKHospitality has said businesses across Scotland will be ‘breathing a huge sigh of relief’ after it was announced the country’s Deposit Return Scheme (DRS) would be delayed until October 2025.
Leon will open its first outpost in Italy later this year in Rome as part of a partnership between SSP Group and Italian rail station operator Grandi Stationi.
Pizza Union, the Roman-style pizza bar from Babby Hashemi, is looking for new sites across central London, and negotiating on a few potential locations.
