D&D boss David Loewi: Labour will be great for hospitality July 17, 2024 He’s the CEO of one of the UK’s biggest restaurant groups. We talk to David Loewi about new owners and parting ways
Richard Caring kicks off £1bn Ivy restaurant group auction January 28, 2024 Billionaire restaurateur Richard Caring has launched an auction starting at £1bn for his share in The Ivy and its sister restaurants.
Delivery boom: Tortilla wraps up a successful year with 79 per cent revenue surge January 10, 2022 Tortilla, the largest and most successful fast-casual Mexican restaurant group in the UK, wraps up the year with a group revenue surge of 79 per cent to £48.1m.
“It’s the Champion’s League of food”: Why one Parisian is all-in on London March 28, 2024 LONDON’S hospitality scene is set for another vote of confidence with the opening of a second site by iconic Parisian restaurant group Moma, this time at the Langham Hotel. Mimosa, opening in April, will follow the arrival of Café Lapérouse in the capital, with MOMA founder Benjamin Patou keen to push into the London restaurant [...]
McDonald’s apologises for ‘inconvenience’ as IT outage leaves UK customers unable to order March 15, 2024 McDonald's branches across the globe have suffered an IT outage which has left customers across the globe unable to order food.
Jamie Oliver looks to move on from chain collapse with new London restaurant July 19, 2023 Jamie Oliver has said he “hasn’t lost faith” in the restaurant industry as he pushes ahead with plans to open a new restaurant four years after the collapse of his eponymous high street chain. Speaking to The News Agents podcast on Wednesday the celebrity chef blamed a 40 per cent hike in business rates and [...]
Gaucho raises the steaks in the City with multi-million pound makeover October 20, 2023 Argentinian-inspired steakhouse Gaucho is re-opening its subterranean Square Mile hotspot after a months-long makeover.
Financier of London restaurants jailed after Italian fraud trial December 21, 2023 The financier behind a collapsed chain of London seafood restaurants has been sentenced to six years in prison in an Italian fraud trial that has rocked the Vatican. Gianluigi Torzi, the man responsible for the Seasons chain of fish restaurants, was sentenced alongside Cardinal Angelo Becciu, the most senior Catholic Church official ever to stand [...]
Hawksmoor restaurant chain reportedly looking for buyer July 3, 2024 Since 2013, the chain has been majority-owned by private equity firm Graphite Capital, which, according to the Financial Times, has instructed the US investment bank Stephens to run a sales process.
Burger King UK’s revenue spikes after restaurants revamped and new sites opened August 12, 2024 Burger King has reported a rise in sales and revenue in 2023 after a boost from new restaurant openings. Revenue spiked by a huge 30 per cent, although like-for-like sales only rose by three percent. The rise in revenue was due to growth in the “existing estate and new restaurants”, as well as “good cost [...]