Business & Legislation

Leon acquired by Asda as Issa brothers combine Asda and EG Group

Issa brothers combine Asda and EG Group

By Finn Scott-Delany

Asda has agreed to buy EG Group’s UK and Ireland operations for an enterprise value of £2.27bn, in a deal that will see it take ownership of the Leon brand.

Half term rail strikes to cost hospitality £132 million in sales

Half term rail strikes to cost hospitality £132m

By James McAllister

Upcoming rail strikes are set to cost hospitality a further £132m in sales, according to new figures from UKHospitality, bringing the cumulative impact of the year-long industrial action to £3.25bn.

Whitbread considering sale of restaurant brands Beefeater Brewers Fayre and Bar + Block

Whitbread considering sale of restaurant brands

By James McAllister

Whitbread is understood to be exploring the potential sale of part of its £700m pub and restaurant arm in order to focus its efforts on its Premier Inn hotel chain.

Tension builds ahead of The Restaurant Group crunch AGM with Oasis investor accusing it of withholding information from key shareholders

Tension builds ahead of TRG crunch meeting

By Finn Scott-Delany

Hedge fund Oasis Management Company has ratcheted up its attacks on The Restaurant Group (TRG), accusing it of withholding information from key shareholders ahead of next week’s annual general meeting.

Pret A Manger opens first site in Luxembourg

Pret launches in Luxembourg

By James McAllister

Pret A Manger has launched its first location in Luxembourg, the latest international market for it to enter amid a global expansion drive.

Wagamama owner The Restaurant Group faces new investor pressure from Coltrane Asset Management

TRG faces new investor pressure

By James McAllister

The Restaurant Group (TRG) has come under renewed pressure from investors after Coltrane Asset Management, which has built a 3% stake in the business, called for change at the company.

The Employment (Allocation of Tips) Act 2023 expected to come into force in 2024 after receiving Royal Assent

Tips Bill expected to come into force in 2024

By James McAllister

A new law designed to ensure hospitality staff receive all the money left to them in tips by customers will likely come into force in 2024, the Government has announced.

Pret overhauls coffee subscription service and relaunches it as Club Pret loyalty programme

Pret overhauls loyalty programme

By James McAllister

Pret a Manger has announced its coffee subscription service will be rebranded to Club Pret, with the price rising from £25 to £30 per month.

Pret makes its debut in India

Pret makes its debut in India

By Restaurant

Pret a Manger has opened its first store in India today (21 April) as it continues its global expansion.

P.F. Chang’s UK acquired by Pizza Hut franchise

P.F. Chang’s UK acquired by Pizza Hut franchise

By Finn Scott-Delany

Pizza Hut franchise group Zaf Holdings has acquired the P.F. Chang’s flagship London site in Leicester Square, as well as the brand's master franchise rights in the UK.

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