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CVA

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Pizza Hut launches CVA with 450 jobs at risk

09 September 2020 by

Pizza Hut has proposed a Company Voluntary Agreement (CVA) that would see the closure of 29 restaurants and 450 job losses.

News

PizzaExpress CVA involving 73 site closures and the loss of 1,100 jobs approved

07 September 2020 by

PizzaExpress’ creditors have approved a company voluntary arrangement (CVA) that will see the closure of 73 of the group's UK restaurants and 1,100 job losses.

Yo! Sushi creditors approve CVA proposal News

Yo! Sushi creditors approve CVA proposal

02 September 2020 by
Wasabi launches CVA to 'safeguard its future' News

Wasabi launches CVA to 'safeguard its future'

21 August 2020 by
PizzaExpress launches CVA involving 73 restaurant closures and 1,100 job losses News

PizzaExpress launches CVA involving 73 restaurant closures and 1,100 job losses

19 August 2020 by
Yo! Sushi earmarks 19 sites for closure in CVA proposal News

Yo! Sushi earmarks 19 sites for closure in CVA proposal

17 August 2020 by

PizzaExpress CVA could close 15% of its UK restaurants News

PizzaExpress CVA could close 15% of its UK restaurants

04 August 2020 by

The restructure of PizzaExpress will see it enter a company voluntary arrangement (CVA) “in the near[...]

Itsu hopes CVA will serve up mass rent reductions News

Itsu hopes CVA will serve up mass rent reductions

31 July 2020 by

Itsu has launched a CVA to secure rent reductions at 53 of its 77 sites, with[...]

Pizza Hut appoints advisors to explore possibility of CVA News

Pizza Hut appoints advisors to explore possibility of CVA

29 July 2020 by

Pizza Hut Restaurants could be the latest casual dining chain to undergo a Company Voluntary Arrangement[...]

Up to 75 PizzaExpress sites reported to be at threat as casual dining giant looks to restructure News

Up to 75 PizzaExpress sites reported to be at threat as casual dining giant looks to restructure

16 July 2020 by

Up to 75 PizzaExpress sites are reported to be earmarked for closure as the casual dining[...]

News

The Restaurant Group expected to close 125 sites following CVA approval

The Restaurant Group (TRG) will close 125 sites and see improved rental terms on others after a Company Voluntary Arrangement (CVA) gained approval. "

29 June 2020 by
Wake-up call: What does the new Corporate Insolvency and Governance Bill mean for hospitality? Advice

Wake-up call: What does the new Corporate Insolvency and Governance Bill mean for hospitality?

25 June 2020
by

Now is a good time to learn about this new legislation, says Andrew Taylor.

Viewpoint: Landlords must share more of the pain In-Depth

Viewpoint: Landlords must share more of the pain

19 June 2020
by

With insolvencies only set to increase following the June rent deadline, Phil Reynolds explains what options are available for struggling businesses

Travelodge landlords say still too much uncertainty, despite ‘sweetened’ offer News

Travelodge landlords say still too much uncertainty, despite ‘sweetened’ offer

17 June 2020 by

The Travelodge Owners Action Group has said there is still too much uncertainty around the budget[...]

The Restaurant Group launches CVA pursuing closure of 125 sites News

The Restaurant Group launches CVA pursuing closure of 125 sites

10 June 2020 by

The Restaurant Group (TRG) has launched a Company Voluntary Arrangement (CVA) that would see the closure[...]

Travelodge reveals details of CVA proposal seeking 38% total rent reduction News

Travelodge reveals details of CVA proposal seeking 38% total rent reduction

03 June 2020 by

Travelodge has put forward a company voluntary arrangement (CVA) bid to landlords, seeking a 38% reduction[...]

Highest insolvency cost in seven years driven by hospitality News

Highest insolvency cost in seven years driven by hospitality

24 February 2020 by

A total of £346.11m was paid out last year, the highest level since 2012, driven by[...]

News

Chilango creditors approve CVA

Chilango’s Company Voluntary Agreement (CVA) has been approved by creditors and shareholders today."

06 January 2020 by
Chilango co-CEOs to step down News

Chilango co-CEOs to step down

06 January 2020
by

The co-founders of Mexican restaurant group Chilango, Eric Partaker and Dan Houghton, have announced they are to step down as co-CEOs.

Chilango brand ‘still profitable at restaurant level’ as it enters CVA News

Chilango brand ‘still profitable at restaurant level’ as it enters CVA

12 December 2019
by

Mexican restaurant group Chilango has confirmed plans to enter a Company Voluntary Agreement (CVA) to remain in operation.

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