Tag Archives: restaurant chains

‘Perfect storm could claim more victims as market can’t sustain so many chains’

‘Perfect storm could claim more victims as market can’t sustain so many chains’

There are too many restaurant chains on the UK high street for the market to support, with a “perfect storm” of cost rises leaving more operators perilously positioned. That’s the view of a leading business advisory specialist, which is warning chains to take appropriate action on cost management and efficiencies now before it’s too late.

Jamies Italian

Jamie’s Italian site in Portsmouth is axed despite promise of no more closures

Jamie’s Italian is pulling the plug on its seventh restaurant this year, despite claims that the chain wouldn’t shut any more venues following the closure of ‘problem sites’ at the start of the year. It has been confirmed that Jamie’s Italian in Portsmouth, which first opened for business in 2011, will stop trading on Sunday

Restaurants trump pubs in modest July performance

Pub and restaurant groups have managed to secure a marginal growth in July amidst fears regarding consumer confidence levels. Restaurants slightly outperformed pub chains showing 0.9% like-for-like growth rate against 0.4% for pub and bar operators according to CGA Peach. The latest figures reveal collective like-for-like sales were up by 0.6% across the sector in

More major casual dining chains join ALMR’s swelling ranks

The ALMR has strengthened its status as a key representative for the UK eating-out and drinking-out market with a raft of leading companies joining the ranks, including high-profile names from the restaurant, casual dining and pub sectors. Prominent restaurant companies such as Pizza Express, Leon, Wagamama, Busaba Eathai, Itsu and Wahaca have added their names

Nando’s dismisses rumours that it is preparing for an IPO

High street restaurant chain Nando’s has poured cold water on speculation that it is considering a stock market flotation. Reports surfaced last week that the group, which operates 350 restaurants in the UK, had opened discussions with advisers about an IPO, possibly in London, to raise funds for further expansion. Unnamed sources were quoted as

ASK Italian expands coverage with move into Milton Keynes

Casual dining restaurant ASK Italian will be opening a new restaurant at centre:mk this autumn. Located on Eagle Walk and adjacent to Middleton Hall, the new restaurant will feature 160 covers within 4,187 sq ft of dining space over two floors. The new eatery adds to an impressive 30 food and beverage providers at centre:mk,

Leon raises £19m from ‘no-nonsense’ lender after traditional banks scale back post-Brexit

Healthy fast-food chain Leon has reportedly set its sights on opening 50 new restaurants – more than doubling its store estate – after securing a multi-million pound financing deal. Alternative lender OakNorth is said to be funding the company to the tune of £19m so that it can embark on its ambitious plans and grow