Turtle Bay: Founder criticises ‘unhelpful’ Reeves’ tax raid after huge loss hospitality Caribbean restaurant and bar chain Turtle Bay has hit out at the “unhelpful” Labour government whose tax “raid” contributed to it slumping into the red. The Bristol-headquartered business, which was set up in 2010 by Ajith Jaya-Wickrema and Stephen Entwistle, cited Chancellor Rachel Reeves’ increase in employers’ National Insurance as a reason for it falling to [...]
Loungers creates 900 jobs as major expansion plans continue hospitality Cafe-bar and restaurant chain Loungers created more than 900 jobs in the year it quit the London Stock Exchange’s AIM, it has been revealed. The Bristol-headquartered business delisted in February last year after being acquired by Fortress Investment Group for £338m. The Cosy Club and Brightside owner was founded in 2002 by Alex Reilley, David Reid [...]
Jamie Oliver ‘cutting jobs’ ahead of restaurant chain’s return Business A part of Jamie Oliver’s business empire has cut a firth of its workforce, according to reports, as the celebrity chef plans a return to the high street next year. Jamie Oliver Group has shed 25 of its 126 employees through a redundancy round, Sky News has reported. CityAM has contacted the group for [...]
Leon to close sites and cut jobs as it enters administration December 10, 2025 Fast-food chain Leon is set to enter administration, close a number of locations and cut jobs as part of a bid by its new owner to turn around the struggling chain. The company was bought back by co-founder John Vincent last month from Asda in a deal reported to be between £30m and £50m, well [...]
Jamie Oliver to bring back Jamie’s Italian in the UK next year December 5, 2025 Celebrity chef Jamie Oliver is to relaunch his restaurant chain in the UK in 2026, seven years after its dramatic collapse. Jamie’s Italian is to be relaunched after a deal was reached between Oliver and Cain International-backed Brava Hospitality Group, which owns Prezzo. The chain operated around 40 sites across the UK at its height [...]
Nando’s makes cheeky profit after losing more than £600m November 24, 2025 Nando’s has warned Rachel Reeves’ tax hikes will eat into its bottom line despite it returning to profit for the first time since 2016. The business has posted a pre-tax profit of £38.2m for the 12 months to 23 February, 2025, new accounts filed with Companies House have revealed. The profit comes after the restaurant [...]
Robert De Niro: Nobu reveals major London plans amid UK push November 13, 2025 Robert De Niro’s hospitality brand is open to considering new luxury residences in London after the success of its restaurants and hotel, the firm’s co-founders have exclusively told CityAM. Nobu Hospitality first launched in London in 1997 with a restaurant at Old Park Lane. That was followed by a hotel and restaurant in Portman [...]
Labour has ‘unbelievably harsh stance’ on big businesses November 4, 2025 It is “unbelievable” that the Labour government has “taken such a harsh stance” on big businesses, the chief executive of restaurant chain Pizza Express has said. Speaking on an up-coming episode of CityAM’s Boardroom Uncovered podcast, Paula MacKenzie said the industry had been “somewhat decimated” by the Covid-19 pandemic and has then been hit [...]
Pizza Hut: Restaurants arm owed £30m as 1,100 jobs lost November 3, 2025 The company behind Pizza Hut’s restaurants in the UK owed almost £30m as it collapsed with the loss of more than 1,100 jobs, it has been revealed. DC London Pie entered administration towards the end of last month with FTI Consulting appointed to oversee the process. Now, a new document has revealed the full story [...]
Gordon Ramsay to launch 24-hour restaurant in City’s tallest tower October 14, 2025 Gordon Ramsay is set to launch a new Bread Street Kitchen restaurant at 22 Bishopsgate, currently Canada’s tallest skyscraper. The restaurant, which follows the opening of Lucky Cat in the same location earlier this year, is expected in 2026 and will come equipped with a 24-hour liquor license to cater to international [...]