Tag Archives: Steve Richards

Casual Dining Group pulls £160m reinvestment plan, reports say

Casual Dining Group pulls £160m reinvestment plan, reports say

Casual Dining Group has reportedly decided against a £160m refinancing plan after investors in the restaurant sector pulled back from raising the cash. The restaurant group, which owns Cafe Rouge, Las Iguanas and La Tasca, had been trying trying to replace a debt package held with hedge funds but was unable to gain support from

POWER LIST 2016, BUSINESS LEADERS: Steve Richards, Chief Executive Officer, Casual Dining Group (CDG)

There is a street in Manchester on which you’ll find a Bella Italia, a La Tasca, a Belgo and a La Vinia, all within close proximity to one another and all owned by the Casual Dining Group. The prospect of inter-company sales cannibalisation would make most operators feel uncomfortable, but for CDG it perfectly encapsulates

Casual Dining Group CEO suggests repeat of La Tasca acquisition

Steve Richards, CEO of Casual Dining Group, has said that the group will look to acquire more brands and sites to scale its business. The company bought La Tasca last year, primarily for the attractive locations of sites, and reduced the number of restaurants trading under the La Tasca brand from 44 to eight, replacing

SPECIAL REPORT: How Casual Dining Group has turned under-performing assets into profitable gems

There is a street in Manchester down which you will find a Bella Italia, a La Tasca, a Belgo and a La Vina, all within close proximity to one another and all owned and managed by the Casual Dining Group. The prospect of inter-company sales cannibalisation would make most operators feel uncomfortable about such a

Bella Italia is a “massive profit machine”, says CEO

Italian themed restaurant chain Bella Italia has become a “massive, massive profit machine” for owner Casual Dining Group following a repositioning of the business, its CEO has said. CDG took over the chain three years ago and conducted a huge refurbishment programme that has seen more than half of its store estate transformed. It is

CDG estate ‘unrecognisable’ from three years ago as it eyes 90 new restaurants

The Casual Dining Group (CDG) is planning to launch 90 new restaurants between now and the end of 2018, including 37 this year alone, as it continues the huge investment in its estate. CDG presently operates 302 restaurants in the UK, which isn’t too many more from the number it acquired from Tragus three years

Only 14 La Tasca sites left standing by summer

Just 14 La Tasca sites will remain standing by this summer as its new owner, Casual Dining Group, pursues a strategy of replacing them with its flagship brands, its CEO Steve Richards said yesterday. CDG is reported to have paid £25m for the La Tasca business last September, but more than two-thirds of the 40-strong

Luke Johnson and Simon Kossoff to share insight into casual dining success

Organisers of the Casual Dining show have confirmed that they have secured a number of well-known restaurant giants to speak at next year’s show. Luke Johnson, Simon Kossoff and Steve Richards are all set to appear at the event, which returns to the Business Design Centre in Islington, London, on 24-25 February next year. Johnson,

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