Bella Italia, Leeds - Wikipedia

UK dining chain files notice of administration, risking 6,000 jobs

The private equity-backed operator of the Las Iguanas and Café Rouge chains is set to undergo a painful restructuring after filing a notice of its intention to appoint administrators, which could threaten more than 6,000 jobs. The Casual Dining Group, which also owns the Bella Italia brand, said that the “prudent measure” would give it time to consider its options and did not necessarily presage administration. Nevertheless, restaurant closures and job losses seem inevitable. One industry analyst with knowledge of the situation said: “A restructuring could involve either a company…

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Soho, London. Photo by Clem Onojeghuo on Unsplash

Rich landlords join forces to lobby UK government

Tycoons, property dynasties and moneyed investors have joined forces to found what must be Britain’s most unlikely trade union. The collective, called the Landlords Union, wants the government to change tack on its rescue plan for the high street and the broader private sector. The group of 30 property investors say that tenants have been given carte blanche to withhold rents, choking off their main source of income. The high-net-worth property investors say that in effect they have been asked to provide a financial backstop for huge swathes of the…

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'Trolls World Tour' ©Universal Pictures

Cinema chains angered as ‘Trolls World Tour’ goes straight to streaming

Vue Cinemas’ chief executive has broken ranks with industry peers and sided with the American film studio Universal in the row over its move to release Trolls World Tour via streaming services. AMC, the world’s biggest cinema chain and owner of Odeon, hit out last week after Universal hailed the success of the animated film, which had been earmarked for cinema release but went straight to streaming on April 10 because of the lockdown. Trolls World Tour has brought in about $100m (£80m) for Universal in three weeks. AMC said…

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