Restaurants are taking over the British high street as consumer appetites veer towards food and beverage over bricks-and-mortar retail. Here’s why.
Sushi restaurant chain Wasabi has secured a £30m revolving credit facility from high street bank HSBC to support plans to expand further in London.
A severe shortage of chefs is resulting in two curry restaurants closing each week, thus Cobra Beer founder Lord Karan Bilimoria is campaigning to put a stop to the trend and add some spice to the “curry-making craft”.
Bridgepoint Development Capital – the owner of restaurant chains ASK Italian and Zizzi – has acquired Tastecard and Gourmet Society, which provides it with access to 4m British food lovers.
With Busaba featuring in the Real Business 2015 Hot 100 list of fast-growth companies, we decided to get under the skin of the restaurant business and find out just what is making it such hot property.
Latin American-themed restaurant chain Las Iguanas has been acquired by the Casual Dining Group, owner of Cafe Rouge and Bella Italia, for a sum of £85m.
Since last appearing on Real Business's Hot 100 in 2014, Busaba has made expansion outside of London, as well as retaining loyal customers, its top priorities.
Inspired by the classic 50s American diner experience, burger business Ed's has grown from a single Soho operation to over 30 branches with more on the way.
Aided by Cardiff Chinese restaurant Hokkei, which was founded by two MasterChef finalists, Welsh businesses are on the verge of raising over £1m through Seedrs. The equity crowdfunding service has now revealed a commitment to companies in Wales and declared the milestone will only be the beginning.
The private equity firm behind Hobbs shoes is in talks with Jamie Oliver about acquiring a slice of his business. The chef plans to raise finance to open more stores within the UK, as well as fund international expansion.
Digital takeaway ordering service Just Eat continues its plan to command the sector globally with the £445m (AU$855) acquisition of rival business Menulog, which leads the market in Australia and New Zealand.
Steve Easterbrook took the top spot at McDonald's as president and CEO in March, and the British boss has now revealed a plan to “reset and turn around” the global business in order to improve falling financials.