Cva

Drake & Morgan CVA approved

Drake & Morgan CVA approved

By James McAllister

Bar and restaurant group Drake & Morgan has secured approval to enter a Company Voluntary Arrangement (CVA).

Market Halls launches CVA proposals

Market Halls launches CVA proposals

By James McAllister

Market Halls has launched a Company Voluntary Arrangement (CVA) proposal for four group entities in a bid to secure its future following more than a year of closure.

Caffè Concerto to launch CVA after legal action launched by landlord Criterion Capital

Caffè Concerto to launch CVA

By James McAllister

London-based patisserie chain Caffè Concerto is launching a Company Voluntary Arrangement (CVA) in an effort to reduce its rent debt after facing legal action from one of its landlords.

Losses at top 100 UK restaurants groups up 112%

Losses at top 100 UK restaurants groups up 112%

By James McAllister

New figures reveal that losses at the top-earning 100 UK restaurants group increased 112% to £571m last year, rising from reported losses of £269m at the end of last March.

Leon CVA approved

Leon CVA approved

By James McAllister

Healthy fast food chain Leon has approved a plan to restructure the business through a Company Voluntary Arrangement (CVA), preserving 670 jobs.

Leon launches CVA proposal two-year restructuring plan switch to a turnover-based rent model

Leon launches CVA proposal

By James McAllister

Healthy fast food chain Leon has served creditors with a two-year restructuring plan that will see the majority of its estate switch to a turnover-based rent model.

Leon explores CVA Company Voluntary Arrangement rent cuts

Leon explores CVA

By James McAllister

Healthy fast food chain Leon is drawing up plans for a Company Voluntary Arrangement (CVA) in a bid to salvage its future.

Caffe Nero launches CVA

Caffe Nero launches CVA

By James McAllister

Caffè Nero has launched a Company Voluntary Arrangement (CVA) in response to the 'decimation' in trade caused by the ongoing Coronavirus restrictions.

Busaba CVA approved

Busaba CVA approved

By Finn Scott-Delany

Busaba Eathai’s Company Voluntary Arrangement (CVA) has been approved, with an 81% majority of creditors backing the proposals.

Caffè Nero considers CVA

Caffè Nero eyes CVA

By James McAllister

Caffè Nero has become the latest high street operator to explore a Company Voluntary Arrangement (CVA) to help it emerge from the pandemic.

Photo credit: wildwoodrestaurants.co.uk

Tasty considers CVA

By James McAllister

Wildwood operator Tasty says it is exploring a potential Company Voluntary Arrangement (CVA).

Pizza Hut CVA approved with 29 restaurant closures confirmed 450 jobs at risk

Pizza Hut CVA approved with 29 closures confirmed

By James McAllister

Pizza Hut's UK dine-in franchise business is to close 29 restaurants, putting 450 jobs at risk, after its Company Voluntary Arrangement (CVA) was approved by creditors this afternoon (28 September).

Gusto 'secures its future' after CVA approved Coronavirus restaurant closures

Gusto 'secures its future' after CVA approved

By James McAllister

Italian restaurant chain Gusto has completed a Company Voluntary Arrangement (CVA) that will save more than 600 jobs but also see four sites closed permanently.

PizzaExpress CVA approved 73 restaurant closures 1,100 jobs at risk

PizzaExpress CVA approved

By James McAllister

PizzaExpress' company voluntary arrangement (CVA) proposal, which will see 73 of the group's restaurants closed and 1,100 jobs put at risk, has been approved by creditors.

YO! CVA approved 19 restaurant closures Japanese sushi group

YO! CVA approved

By James McAllister

YO! has confirmed it is to permanently shutter 19 sites after its Company Voluntary Arrangement (CVA) proposal was approved yesterday (1 September) by creditors.

Wahaca to close 10 restaurant sites as it considers CVA

Wahaca to close 10 sites as it considers CVA

By James McAllister

Wahaca is to permanently close more than a third of its estate and is considering a Company Voluntary Arrangement (CVA), as it works to secure its future.

YO! eyes 19 closures as it launches CVA sushi Coronavirus

YO! eyes 19 closures as it launches CVA

By James McAllister

YO! has set out a Company Voluntary Arrangement (CVA) proposal that will see 19 of its sites closed, with a loss of up to 250 jobs.

Pizza Hut considering CVA

Pizza Hut considering CVA

By Joe Lutrario

Sky News is reporting that Pizza Hut is considering a CVA and has appointed professional services firm Alvarez & Marsal to explore a restructuring of the business.

The Restaurant Group 125 restaurant closures CVA approved Frankie and Benny's Coronavirus casual dining

TRG's CVA approved

By James McAllister

The Restaurant Group (TRG) is poised to close 125 sites within its struggling leisure arm following the approval of a company voluntary arrangement (CVA).

The Restaurant Group 125 restaurant closures Frankie and Benny's CVA Coronavirus casual dining

TRG eyes 125 closures as CVA announced

By James McAllister

The Restaurant Group (TRG) has announced that its struggling leisure arm is to enter into a company voluntary arrangement (CVA) that will see its estate reduced by approximately 125 sites.

PizzaExpress considers financial position Coronavirus CVA

PizzaExpress considers financial position

By James McAllister

PizzaExpress could reportedly be forced to close a portion of its UK estate as a result of the growing financial pressures caused by the Coronavirus crisis.

Mexican restaurant chain Chilango CVA approved by creditors and shareholders

Chilango CVA approved

By James McAllister

Burrito chain Chilango’s company voluntary agreement (CVA) has been approved after receiving support from the vast majority of the company’s creditors and shareholders.

Tony Naylor Playing the regeneration game

Playing the regeneration game

By Tony Naylor

As traditional high streets falter, indie food and drink is increasingly seen as a saviour. But is this feeding frenzy sustainable?

Tony Naylor time for a chain reaction CVA

Time for a chain reaction?

By Tony Naylor

CVAs offer a lifeline for struggling chains. But, long term, can the very notion of a ‘quality chain’ survive this current casual dining crisis?

Giraffe and Ed's Easy Diner CVA approved

Giraffe and Ed's Easy Diner CVA approved

By Sophie Witts

Boparan Restaurant Group (BRG) is poised to close over a third of its Giraffe and Ed’s Easy Diner restaurants following the approval of a company voluntary arrangement (CVA).

Polpo to enter CVA with planned closures

Polpo to enter CVA with planned closures

By Sophie Witts

The Polpo restaurant group is to enter in to a Company Voluntary Arrangement (CVA) after plans were approved by 98% of creditors today (8 March).

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