Business & Legislation

Tension builds ahead of The Restaurant Group crunch AGM with Oasis investor accusing it of withholding information from key shareholders

Tension builds ahead of TRG crunch meeting

By Finn Scott-Delany

Hedge fund Oasis Management Company has ratcheted up its attacks on The Restaurant Group (TRG), accusing it of withholding information from key shareholders ahead of next week’s annual general meeting.

Pret A Manger opens first site in Luxembourg

Pret launches in Luxembourg

By James McAllister

Pret A Manger has launched its first location in Luxembourg, the latest international market for it to enter amid a global expansion drive.

Wagamama owner The Restaurant Group faces new investor pressure from Coltrane Asset Management

TRG faces new investor pressure

By James McAllister

The Restaurant Group (TRG) has come under renewed pressure from investors after Coltrane Asset Management, which has built a 3% stake in the business, called for change at the company.

The Employment (Allocation of Tips) Act 2023 expected to come into force in 2024 after receiving Royal Assent

Tips Bill expected to come into force in 2024

By James McAllister

A new law designed to ensure hospitality staff receive all the money left to them in tips by customers will likely come into force in 2024, the Government has announced.

Pret overhauls coffee subscription service and relaunches it as Club Pret loyalty programme

Pret overhauls loyalty programme

By James McAllister

Pret a Manger has announced its coffee subscription service will be rebranded to Club Pret, with the price rising from £25 to £30 per month.

Pret makes its debut in India

Pret makes its debut in India

By Restaurant

Pret a Manger has opened its first store in India today (21 April) as it continues its global expansion.

P.F. Chang’s UK acquired by Pizza Hut franchise

P.F. Chang’s UK acquired by Pizza Hut franchise

By Finn Scott-Delany

Pizza Hut franchise group Zaf Holdings has acquired the P.F. Chang’s flagship London site in Leicester Square, as well as the brand's master franchise rights in the UK.

Owner of Heston Blumenthal's The Fat Duck three Michelin-starred restaurant returns to profit

Fat Duck owner returns to profit

By James McAllister

The parent company of Heston Blumenthal's The Fat Duck restaurant in Berkshire has returned to profit with turnover having more than doubled in 2022 compared to the year before.

Bob & Berts to hit 30 sites this year

Bob & Berts to hit 30 sites this year

By Restaurant

Independent coffee shop chain Bob & Berts has announced plans to open six new stores this year, taking its total footprint to more than 30 sites across England, Scotland and Northern Ireland.

Restaurant sales down 5.6% as Brits made further cutbacks

Restaurant sales down 5.6% as Brits make further cutbacks

By Joe Lutrario

The latest Barclays report is grim reading for restaurants with sales down 5.6% in March and consumer research showing that 62% of consumers are trying to cut down on eating out in full-service establishments.

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