IGD and industry analyst Peter Backman has outlined what he believes will be the forthcoming challenges for foodservice operators. In his briefing this week, he
Financial
Wasabi, the grab and go sushi and bento retailer, has announced the launch of a Company Voluntary Arrangement (CVA) proposal. Founded in 2003 and employing over 1,500 staff, Wasabi operates a total of 51 sushi
The company admitted that it had been struggling even before lockdown, and may have to let go as many as 1,100 employees in a radical restructuring effort
Manufacturer expects to see volatility in its business as operators reopen but suggests it won't see a slump like the second quarter
Foodservice equipment giant reveals sales tanked 60% when the market hit rock bottom in April
Begbies Traynor explains how companies can manage their way through cash flow challenges in the current climate
Rational has slashed the dividend it intended to pay shareholders for fiscal year 2019 by almost 50% in response to the coronavirus crisis. The combi oven maker - which recently announced profits of €172m (£150m)
Electrolux’s professional division saw a slight dip in global revenues last year as it prepares to list on the stock exchange as a separate entity.
Welbilt CEO Bill Johnson said he remains “positive” about the long-term growth prospects for the commercial foodservice industry despite admitting that a “recent soft patch”
Preliminary numbers from Rational reveal the combi oven maker’s turnover rose 8% last year to €844m (£713m). The increase is the equivalent of an extra €66m (£56m) on its top line compared with the 12