Restaurant Group to buy Wagamama for £559m

Columbia Threadneedle Investments, which owns 7.7 per cent of Restaurant Group said it cannot support the proposed takeover of Asian themes casual dining group Wagamama,  because of the high valuation and the economic backdrop. The Restaurant Group, who owns Frankie & Benny’s and Chiquito uinveiled what CEO Andy McCue called a “ Transformational” acquisition of…

Sandwich and coffeeshops Pret A Manger sold for £1.5bn

The UK Private Equity Group Bridgepoint, owner of Pret a Manger, has agreed to sell their sandwich shop chain for £1.5bn inclusive of debt to JAB Holdings, the German family-owned investment group challenging Nestle with its rapid acquisition of companies linked to the coffee market. Bridgepoint initially paid only £ 364m including debt to buy…

KFC struggled to overcome logistics of chicken distribution

The fast-food chain continued to fail in selling fried chicken, as their distribution deal with DHL went horribly wrong after branches around the UK started closing last weekend, the 180, 000 square foot of warehouse in Warwickshire had logistics problems caused by a switch from its longstanding distribution Bidvest to DHL. KFC Tweeted, “ We…

Naked private dining

  London’s only naked restaurant The Bunyadi, in London is offering an entirely new natural dining experience. The restaurant first of its kind operating without electricity, gas and serving food on handmade clay plates with edible cutlery and asking diners to cast off their mobile phones and iPads and even their clothes if they wish…

Calcutta Street Restaurant in Brick Lane

Shrimoyee Chakraborty, 26, single girl from Jodhpur Park, North Calcutta, plans to create a tea bar at her London restaurant in Brick Lane and aspires to bring Calcutta flavours to London. She persuaded four investors to fund her Calcutta Street , Restaurant at 118 Brick Lane, London E1 6RL. “I was scared at first and…

The Cinnamon Club Best Spice Restaurant -British Curry Awards 2014 winners

  Bigger and better than ever before, the 10th British Curry Awards honoured the nation’s finest restaurants in spectacular style, with stars of stage and screen gathering at Battersea Evolution to see the industry’s finest chefs rewarded for their hard work in continuing to innovate and perfect the nation’s favourite dish. In a special video…