Page 14 - Dining Group News Today

HEADLINES - In March 2020, credit insurer Euler Hermes forecast a 43% increase in insolvencies in the UK in 2021, as well as a 26% uptick in France and 12% in Germany. ...

Loungers chairman and co-founder Alex Reilley expects the end of the lease forfeiture and debt enforcement moratoria in March will lead to a 'phenomenal glut' of company voluntary arrangements (CVAs) across hospitality.

Former Greene King chief executive Rooney Anand has raised £200m to invest in Britain’s pub industry, betting on the prospects of a post-pandemic recovery for the sector. Sky News ​​​reports that Anand – who left Greene King in 2018 having led the pubco for 14 years – is expected to embark on a series of acquisitions in the coming months with the backing of an unnamed US-based private equity firm. Sources close to his vehicle, Redcat Pub Company, said A...

Loungers chairman and co-founder Alex Reilley expects the end of the lease forfeiture and debt enforcement moratoria in March will lead to a 'phenomenal glut' of CVAs across hospitality.

Boathouse sails again – but some are left high and dry We’re sorry, this service is currently unavailable. Please try again later. Dismiss Save Normal text size Advertisement Hes the hospitality wunderkind behind Sydneys Boathouse empire, which made headlines nearly two years ago when it crashed and burned, owing more than 500 creditors a staggering $21.5 million. But now Andrew Goldsmith says hes learnt his lesson and intends to prove his doubters wrong. "I remember telling our seaf...

September 9 – Lloyds Bank – 865 September 9 – Pizza Hut – 450 September 4 – Virgin Atlantic – 1,150 September 3 – Costa – 1,650 August 27 – Pret a Manger – 2,800 (includes 1,000 announced on July 6) August 26 – Gatwick Airport – 600 August 25 – Co-operative Bank – 350 August 20 – Alexander Dennis – 650 August 18 – Bombardier – 95 August 14 – Yo! Sushi – 250 August 14 – River Island – 350 August 12 – NatWest – 550 August 11 – Debenhams – 2,500 ...

Collapsed retail giant Edinburgh Woollen Mill has been saved in a deal that will protect 1,500 jobs and 250 stores. Philip Days Jaeger will be taken over by Marks & Spencer in a separate agreement as the deal between the retail tycoon and Middle Eastern investors is set to be finalised. Retailers Edinburgh Woollen Mill, Ponden Homes and Bonmarche, owned by the businessmans EWM group, will be sold to a consortium of international investors, according to The Telegraph.  Administrators at FRP con...

Bakery chain Greggs has warned it could face an annual loss of £15million after sales slumped by almost a third amid the coronavirus crisis in Britain. Chief Executive Roger Whiteside said last November that the chain would no longer be profitable as a business if sales continued at the rates seen under previous lockdowns. The Newcastle-based bakery, which has axed more than 800 jobs due to the crisis, has now revealed like-for-like sales fell by nearly a fifth over its fourth quarter to Jan...

Nottingham restaurants, pubs and cafes that closed for good in 2020 The pandemic has resulted in many more closures than usual Updated Loch Fyne in King Street (Image: Joseph Raynor/ Nottingham Post) Dont miss anything coming up in 2021 by subscribing to our free Whats On email updatesInvalid EmailSomething went wrong, please try again later. Count me in! When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll include recommendations for oth...

Leicester shops, restaurants and more that have closed permanently in 2020 The city centre has been hit hard by closures this year 04:00, 30 DEC 2020 Newmans in Market Street, pictured last year (Image: Becky Jones) Sign up now to our weekly newsletter put together by our dedicated food and drink writersInvalid EmailSomething went wrong, please try again later. Subscribe When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll include recomme...