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...]
Gordon Ramsay Restaurants Qatar – announce immediate closure
Gordon Ramsay Restaurants earlier today announced: "that effective immediately we have taken the decision to terminate our agreements at the property (The St Regis Hotel Doha, Qatar) and the restaurants will be closed on a permanent basis." Gordon Ramsay Restaurants Qatar - Restaurant Opal by Gordon Ramsay Doha Overlooks the Arabian Gulf, and was widely acknowledged as … [Read more...]
US restaurant acquisition pace quickens
The US and the UK have much in common including economies that run along similar lines. So, we like to keep our eyes and ears open to what’s going on in the American hospitality industry. Patterns either side of the Atlantic are often insights to the other. Restaurant chain CraftWorks, the parent company of casual dining brands Logan’s Roadhouse and Old Chicago Pizza & … [Read more...]
Nando’s accelerate reopening
Nando’s accelerate reopening - Following a reopening trial of 4 London restaurants and 2 in Manchester Nando’s are now accelerating reopening with 54 more being rolled out. The accelerated reopening process started earlier this week with both click and collect and delivery services. One particular focus of the plan is to focus on all staff wearing full PPE, which as … [Read more...]
Crisis anniversary QSR acquisition
US Investment Group completes - crisis anniversary, QSR acquisition. Amidst the Covid-19 crisis sweeping the US hospitality industry investment funds continue to eye up bargains. Last week saw Fortress Investment Group LLC and operations partner, Golden Child Holdings acquire Krystal Restaurants. Krystal Restaurants, comprising 300 outlets in 10 states, has announced … [Read more...]
Restaurant acquisition frenzy looms
Boparan Restaurant Group’s confirmation of acquiring Carluccio’s yesterday morning was good news, not least for the 800 people that had their jobs saved. It also is a preview to a frenzy of similar acquisitions in casual dining, and the wider UK restaurant sector. As restaurants across the UK remain closed due to Government restrictions combating the spread of … [Read more...]
Boparan completes Carluccio’s acquisition
Boparan Restaurant Group earlier this morning confirmed the acquisition of Carluccio’s including 30 trading sites. The move was expected as we reported earlier this week and saves more than 800 jobs. Boparan Restaurant Group already operate many well known restaurant brands including... Cinnamon - Fishworks - Slim Chickens- Giraffe and Ed’s Easy Diner. Boparan Restaurant … [Read more...]
Gordon Ramsay seeks liquidity
Gordon Ramsay has been working with banks to secure the future of his restaurant business from the ongoing impact of Covid-19, according to various reports in financial media today. The reports are mixed but focus on Ramsay registering charges with Barclays against sixteen parts of his diverse restaurant empire. The loan charges include the companies that run his … [Read more...]
QSR shoots of recovery
As restaurants all over the UK continue to look for some good news, the first shoots of recovery are emerging. QSR restaurants are slowly reopening outlets to test the waters. As travel restrictions are eased and people encouraged to return to work, motorway service stations are one of the first to open doors. QSR shoots of recovery - travel network Moto’s reopening … [Read more...]
Casual Dining Group files for administration
Casual Dining Group operates circa 250 restaurants including many of the high streets best known casual dining brands. On Monday 18 May a notice of intention to appoint administrators was filed to buy some time in protecting the business from creditors. Casual Dining Group operates Bella Italia, Belgo, Café Rouge, Huxleys, Oriel and Las Iguanas. Filing to work with … [Read more...]
Boparan to acquire Carluccio’s
Ranjit Singh, the founder of 2 Sisters Food Group, is set to buy Carluccio’s through Boparan Restaurants. The potential acquisition would be through the administration process Carluccio’s is in, and if the deal goes ahead it would save about 900 jobs. Boparan Restaurants already owns a number of well-known casual dining brands, so the fit looks like a good … [Read more...]
German restaurant’s French chef tells Chinese diners they’re not wanted
Restaurant receives backlash from Chinese racism post on Facebook. Düsseldorf, Germany is home to a large Asian population, including Chinese and has the biggest Japanese community in Germany. It is also home to Im Schiffchen, a restaurant close to the Rhine River that is reopening as part of the government's relaxation on Covid-19 restrictions. The restaurant enjoys a good … [Read more...]
Choreographed Michelin Starred Wonderment
Having travelled to many parts of the world and enjoying the privilege of dining in many acclaimed restaurants, one experience transcends all others. Back in 2017 I booked an Easter family holiday on the Algarve, Portugal. From habit I searched for locally accessible Michelin Star restaurants, satisfyingly I found one in the resort next to ours, with two. We often take … [Read more...]
Price speculation continues as Uber set sights on Grubhub acquisition
Food delivery giants Uber have announced they are set to acquire competitor Grubhub to accelerate their already significant slice of this growing sector. US market analyst’s and regulators have immediately given the thumbs down to the idea with some being quite vocal on consumer interests. The potential acquisition has even seen some accuse Uber of ‘pandemic … [Read more...]
