Legal
Landlords to fight back against use of CVAs by retailers, chains
Landlords to fight back against use of CVAs by retailers, chains
This is in response to a growing list of such proposals by companies.
Italian restaurant chain Carluccio's announces intention to enter landlord-only CVA
The brand intends to restructure by facilitating the exit of lossmaking sites. After reviewing their business strategy, Carluccio’s announced its...
Pret responds to Advertising Standards Authority's decision
Pret said it has taken the views of the ASA and has made the requested changes.
Activist investor acquires major stake in Whitbread
Elliott Advisors is likely to push for the spin-off of Costa as it now holds the largest share in Whitbread.
TGI Fridays faces first strike ballots over payment breaches
Trade union Unite announced that it will be balloting workers in two branches.
UKHospitality provides interim guidance on new acrylamide legislation
It aims to help catering businesses identify and implement measures to reduce acrylamide levels in food.
Deliveroo to appeal against ruling to discontinue its dark kitchen
It has also been ordered to remove the “external extraction, ventilation and refrigeration plant, machinery and ductwork”.
Creditors approve company voluntary arrangement for Prezzo
Prezzo has announced its creditors have overwhelmingly supported the Company Voluntary Arrangement.
DP Eurasia's system sales soar 32.8%
The Group revenue surged 40.3% driven by both like‐for‐like growth and store openings.
PAUL UK's online sales surge 58%
It reported a 9.6% increase on the Group turnover and a 2.4% rise in revenue on a like-for-like basis.
Domino's Pizza starts share buyback programme for £32m
The buyback is part of a £50 million programme announced earlier, £18 million of which already has been completed.
The Restaurant Group sales dip 1.8%
Its like-for-like sales are down 3% for the 52 weeks ended 31 December 2017.
Casual Dining Group's losses surged 18% to £60m
The owner of Cafe Rouge and Bella Italia has posted a sharp increase in losses, as the sector comes under pressure.
GBK Owner Announces Impairment Charges Against Restaurant Chain
Shares fell after Famous Brands warned it would make impairments of between R241m and R322m in its financial results for the year.
Fulham Shore's EBITDA is below market expectations
It cited trade in suburban London restaurants which are serving fewer customers than last year with higher operating costs.
Nando's threatens to file lawsuit over copyright infringement
The chain is concerned an eatery called Fernando’s, in Reading, may be trying to mimic it by using similar cockerel and chilli images.
Prezzo seeks Company Voluntary Arrangement to reduce costs
The restructuring plan will allow Prezzo to rationalise its estate and to reduce the cost of its leased restaurants.
