There is widespread concern that stricter coronavirus restrictions imposed in the North of England could have severe consequences for hospitality businesses, suppliers and other firms. New research from the Office for National Statistics (ONS) suggests that more than a third…
Major restructuring projects in several restaurant and retail groups is expected to cost 3,600 jobs in the UK. The Restaurant Group, which owns Frankie and Benny’s will be responsible for up to 3,000 job losses after confirming plans to shut…
Gourmet Burger Kitchen is just the latest restaurant chain to hire restructuring advisers and is reported to be looking into new rent agreements and restaurant closures, which could result in a Company Voluntary Arrangement (CVA) being proposed to it’s creditors.…
Wetherspoons boss Tim Martin has cast doubt on the future of the pub chain’s Trafford Centre site after revealing that rent hikes have left the pub not making any profits. The pub magnate also suggested that the restaurant trade could…
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