Pizza Hut: The fortune owed by firm behind UK restaurants before rescue May 12, 2025 The company behind Pizza Hut’s restaurants in Britain owed more than £50m as it collapsed before being rescued, it has been revealed. Heart With Smart (HWS) was saved in January by an entity controlled by investment firm Directional Capital in a deal which salvaged all but one Pizza Hut location. Its new owner was the [...]
Mowgli Street Food returns to profit as it creates over 100 jobs May 1, 2025 Mowgli Street Food, the restaurant chain run by celebrity chef Nisha Katona, has returned to profit and created more than 100 jobs. The Liverpool-headquartered business has reported a pre-tax profit of £512,178 for the year to 31 July, 2024, new accounts filed with Companies House have revealed. The total comes after Mowgli Street Food posted [...]
The Ivy owner sheds jobs as potential £1bn sale drags on April 28, 2025 The group behind restaurant chain The Ivy shed 300 jobs as billionaire owner Richard Caring continues to weigh a £1bn sale, it has been revealed. The business has only just published its financial accounts for 2023, seven months after the Companies House deadline. The results show The Ivy’s owner cut its headcount from 5,962 to [...]
Pizza Express orders up £55m in extra dough April 3, 2025 Pizza Express has secured a boost worth £55m after agreeing a refinancing deal which will significantly cut its debt. The restaurant chain has negotiated a £55m par debt paydown which will see its debt position reduced to £280m. As part of the deal, shareholders including Bain Capital Special Situations will inject £20m equity into the [...]
Robert De Niro backs plans for tallest skyscraper outside London March 20, 2025 A company co-founded by Hollywood legend Robert De Niro has signed up to open a hotel, restaurant and residences in a planned skyscraper which would be the tallest building outside London. Nobu Hospitality has partnered with developer Salboy on the £360m scheme in Manchester city centre. The project, known as Viadux 2, has been earmarked [...]
Bistrot Pierre: Jobs lost and restaurants closed as chain rescued March 7, 2025 Almost 160 jobs have been lost and a number of restaurants are to close after Bistrot Pierre was sold out of administration to a private equity firm. A vehicle owned by Cherry Equity Partners has snapped up part of the Nottingham-headquartered chain in a deal which has saved 394 roles and ten sites. However, eight [...]
Chopstix doubles its sales in four years as UK expansion continues February 14, 2025 Asian food eatery chain Chopstix more than doubled its sales over a four-year period ahead of being snapped up by a European giant, it has been revealed. The London-headquartered business has posted a turnover of £64.5m for the 12 months to 28 April, 2024, its final full year before being acquired. A 51 per cent [...]
Wingstop and Popeyes serve up major UK expansion plans January 27, 2025 Fast-growing chains Wingstop and Popeyes have each announced major plans to expand further across the UK and create thousands of jobs. Popeyes has outlined proposals to almost double its footprint in the UK with the opening of more than 45 restaurants. The move will increase its presence in the likes of Birmingham, Leeds and Bristol [...]
The Wolseley: Group behind high-end London restaurants eyes new openings January 9, 2025 The group behind some of London’s best-known restaurants is looking to open new locations at home and abroad. The Wolseley Hospitality Group, which is owned by Minor Hotels, currently operates nine high-end restaurants in the capital: The Wolseley, The Delauney, Brasserie Zedel, Colbert, Fischer’s, Belanger, Soutine, Manzi’s and The Wolseley City. The strategy update has [...]
Wingstop more the doubles sales and returns to profit amid UK expansion December 19, 2024 Wingstop has more than doubled its sales as it continued its UK expansion, created hundreds of jobs and returned to profit, it has been revealed. The restaurant chain, which is known for its buffalo wings, has reported a turnover of £84.6m for the 12 months to 31 March, 2024, new documents filed with Companies House [...]