see all jobs
Chez Gérard still intent on re-structure
Groupe Chez Gérard is still intent on a fruitful company restructure, and has decided to sell one of its Livebait restaurants that has 'failed to meet trading requirements'.
In a trading update Neville Abraham, chair, said in general, consumer demand for restaurants had continued to remain depressed, especially in central London and shareholders are to be given a post-Christmas trading update. Abraham said in order to provide better value and service for customers the group would continue to focus on positive cash flow and debt reduction but 'without harming standards, morale or restaurant sales performance.' The group says it is concentrating on 'better-value' fixed price meals.
In response to an earlier offer of 100p per share made for the group by Paramount, the group said 'significant information has been provided so that due diligence can proceed'. Details: www.chezgerard.co.uk
More News
- News by sector (all)
- All news
- Fitness
- Personal trainer
- Sport
- Spa
- Swimming
- Hospitality
- Entertainment & Gaming
- Commercial Leisure
- Property
- Architecture
- Design
- Tourism
- Travel
- Attractions
- Theme & Water Parks
- Arts & Culture
- Heritage & Museums
- Parks & Countryside
- Sales & Marketing
- Public Sector
- Training
- People
- Executive
- Apprenticeships
- Suppliers