Chilango confirms plans to launch CVA and exit leases December 9, 2019 Embattled Mexican chain Chilango has confirmed plans to launch a company voluntary arrangement (CVA) in a bid to secure its future. City A.M. revealed yesterday that the chain was planning to launch a CVA – a controversial restructuring agreement that would allow it to re-open rent negotiations with landlords – as it battles cash-flow issues. [...]
Exclusive: Chilango eyes restaurant closures as it prepares to launch CVA December 8, 2019 Chilango is considering shutting some of its restaurants as it fights to avoid administration. The stricken Mexican chain will launch a company voluntary arrangement (CVA) as soon as tomorrow, ahead of a crunch meeting with shareholders next week. Read more: Questions over Chilango’s future after burrito chain calls in restructuring firm RSM The controversial restructuring [...]
Pho owners consider sale of restaurant chain December 8, 2019 The private equity owner of Vietnamese-style fast food chain Pho is considering offloading the business. Gresham House, which bought the fund and investment manager in charge of Pho from Livingbridge last year, is reportedly mulling a sale of the London-based casual dining chain. Read more: Food delivery apps serve up extra £400m in restaurant revenue [...]
Holiday homes: Limassol seeks new lease of life as a luxury property hotspot December 6, 2019 Cyprus has long been a favourite family holiday destination – sunny nearly all year round, moderately priced and famed for its homely Mediterranean cuisine and relaxed atmosphere. Glitzy St Tropez it is not, but that is all set to change as Limassol – located on Cyprus’ south coast – sets its sights on becoming Europe’s [...]
Focus on Southgate: Second steppers find space in this family home hotspot December 6, 2019 Southgate in North London is a magnet for families, and it’s easy to see why. Not only does it have high-performing schools and an abundance of ample-sized properties, it also has plenty of green space (Grovelands, Broomfield and Oakwood parks are all nearby) and excellent links to central London thanks to its zone four Piccadilly [...]
The right way for your business to deliver bad news December 5, 2019 Every business has to deliver bad news from time to time — whether it is a delay, a data breach, or a price hike. Of course, these can be tricky situations to navigate. It’s easy to sound good when you’re telling people about the wonderful products and services that you offer. It’s much harder when [...]
Loungers shares rise as it cuts losses amid new restaurant openings December 4, 2019 Shares in Loungers rose as much as four per cent this morning after the bar and restaurant group slashed its loss and boosted revenue after opening a string of new sites. Read more: Loungers revenue soars following restaurant expansion Revenue rose 22 per cent to £79.8m in the 24 weeks to 6 October, while the [...]
What the cluck? Watchdog bans ‘offensive’ KFC advert over swear word reference December 4, 2019 The advertising watchdog has banned a KFC advert over concerns its reference to a swear word caused “serious and widespread offence”. A poster campaign for the fast food chain’s lunch menu featured the phrase “what the cluck?!”, while a similar newspaper ad included the elongated word “cluuuuuck”. Read more: Amazon ad banned for misleading customers [...]
Food delivery apps serve up extra £400m in restaurant revenue December 2, 2019 Food delivery apps such as Deliveroo, Just Eat and Uber Eats are serving up an extra £400m in revenue for European restaurants, according to a new report. Third-party platforms, that customers can use to order food from a variety of restaurants, have also increased profit across the Europe’s restaurant sector, with venues in London seeing [...]
Focus on Lewisham: New social scene sparks interest from first-time buyers November 29, 2019 One might assume there is something in the water in Lewisham. Although it is a relatively unassuming corner of South East London, it has been the birthplace of a wealth of musical talent: Cream drummer Ginger Baker, Rolling Stones bassist Bill Wyman and Sex Pistols frontman Sid Vicious were all born there. The town’s own [...]