Ranjit Singh Boparan buys Gourmet Burger Kitchen in rescue deal

Gourmet Burger Kitchen has been bought out of administration by the food industry tycoon Ranjit Singh Boparan in a deal that will save more than 660 jobs.



a sign hanging off the side of a building: Photograph: Maureen McLean/REX/Shutterstock


© Provided by The Guardian
Photograph: Maureen McLean/REX/Shutterstock

Boparan, who bought Carluccio’s in May, has bought 35 of the burger restaurant’s sites. However, under the pre-pack administration deal, 26 other sites will close, with the loss of 362 jobs.

The burger chain, which was owned by the South African company Famous Brands, which also owns Wimpy in the UK, was put on the market as it struggled amid the pandemic and high street lockdown.

But Gourmet Burger Kitchen has been in difficulties since a restructuring deal with landlords in 2018 under which it agreed to close up to 17 sites after the casual dining market became oversaturated.

Gavin Maher, a partner at Deloitte who was appointed joint administrator on Wednesday, said: “The broader challenges facing ‘bricks and mortar’ operators, combined with the effect of the lockdown, resulted in a deterioration in financial performance and a material funding requirement.

“We have been working closely with the management team under very difficult market conditions to try and find a funding solution, and I am glad to be able to announce the rescue of this well-loved brand together with a large proportion of the sites and workforce. However, it’s clearly disappointing that a number of sites have had to close resulting in today’s redundancies.”



a sign hanging off the side of a building: A Gourmet Burger Kitchen restaurant in Bracknell.


© Photograph: Maureen McLean/REX/Shutterstock
A Gourmet Burger Kitchen restaurant in Bracknell.

Labelled the “chicken king” as he is the co-owner and founder of 2 Sisters Food Group, which supplies about a third of the chicken on UK supermarket shelves, Boparan’s business interests includes turkey producer Bernard Matthews, the upmarket London restaurant The Cinnamon Club restaurant, as well as the Giraffe and Ed’s Easy Diner chains.

Satnam Leihal, the managing director of Boparan Restaurant Group, said: “This latest acquisition is in line with our strategy to grow our restaurant group with quality brands. Whilst it is an extremely challenging time for the sector, we believe quality hospitality businesses will recover in the long term as people return to eating out.”

Boparan is extending his empire as restaurants and pubs face intense financial pressure during the coronavirus crisis.

UK operators were forced to close for several months in March and continue to suffer from local lockdowns in some parts of the country, as well as from low visitor numbers on high streets, retail parks and shopping centres in general.

With profits under pressure, Pizza Hut, Pizza Express, Azzurri Group, which ownsAsk Italian and Zizzi, and the Casual Dining Group, which owns Bella Italia, Café Rouge and Las Iguanas, have all closed outlets, putting thousands of jobs at risk.

Gourmet Burger Kitchen sites to close under the deal

Angel, London

Aylesbury

Baker Street, London

Berner Street, London

Brunswick Centre, London

Canterbury

Cardiff Library

Chichester

Clink Street

, London

Covent Garden, London

Edinburgh

Glasgow

(closed before administrators were appointed)

Maidstone

Nottingham

Read more

Ranjit Singh Boparan buys Gourmet Burger Kitchen in rescue deal | Business

Gourmet Burger Kitchen has been bought out of administration by the food industry tycoon Ranjit Singh Boparan in a deal that will save more than 660 jobs.

Boparan, who bought Carluccio’s in May, has bought 35 of the burger restaurant’s sites. However, under the pre-pack administration deal, 26 other sites will close, with the loss of 362 jobs.

The burger chain, which was owned by the South African company Famous Brands, which also owns Wimpy in the UK, was put on the market as it struggled amid the pandemic and high street lockdown.

But Gourmet Burger Kitchen has been in difficulties since a restructuring deal with landlords in 2018 under which it agreed to close up to 17 sites after the casual dining market became oversaturated.

Gavin Maher, a partner at Deloitte who was appointed joint administrator on Wednesday, said: “The broader challenges facing ‘bricks and mortar’ operators, combined with the effect of the lockdown, resulted in a deterioration in financial performance and a material funding requirement.

“We have been working closely with the management team under very difficult market conditions to try and find a funding solution, and I am glad to be able to announce the rescue of this well-loved brand together with a large proportion of the sites and workforce. However, it’s clearly disappointing that a number of sites have had to close resulting in today’s redundancies.”

Labelled the “chicken king” as he is the co-owner and founder of 2 Sisters Food Group, which supplies about a third of the chicken on UK supermarket shelves, Boparan’s business interests includes turkey producer Bernard Matthews, the upmarket London restaurant The Cinnamon Club restaurant, as well as the Giraffe and Ed’s Easy Diner chains.

Satnam Leihal, the managing director of Boparan Restaurant Group, said: “This latest acquisition is in line with our strategy to grow our restaurant group with quality brands. Whilst it is an extremely challenging time for the sector, we believe quality hospitality businesses will recover in the long term as people return to eating out.”

Boparan is extending his empire as restaurants and pubs face intense financial pressure during the coronavirus crisis.

Sign up to the daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk

UK operators were forced to close for several months in March and continue to suffer from local lockdowns in some parts of the country, as well as from low visitor numbers on high streets, retail parks and shopping centres in general.

With profits under pressure, Pizza Hut, Pizza Express, Azzurri Group, which ownsAsk Italian and Zizzi, and the Casual Dining Group, which owns Bella Italia, Café Rouge and Las Iguanas, have all closed outlets, putting thousands of jobs at risk.

Gourmet Burger Kitchen sites to close under the deal

Angel, London
Aylesbury
Baker Street, London
Berner Street, London
Brunswick Centre, London
Canterbury
Cardiff Library
Chichester
Clink Street
, London
Covent Garden, London
Edinburgh
Glasgow
(closed before administrators were appointed)
Maidstone
Nottingham
Richmond
, London

Read more

Gourmet Burger Kitchen to axe 362 jobs and 26 restaurants despite rescue sale

Gourmet Burger Kitchen (GBK) is to close 26 restaurants and axe 362 roles despite being saved from administration.

The chain has been bought in a rescue deal by Boparan Restaurant Group, which also snapped Carluccio’s out of insolvency earlier in the pandemic.



GBK said it had started to see improvements in trading last year after a major restructuring process in 2018, which saw it shut a raft of sites.

However, the company, which had been owned by South African group Famous Brands, said it slid into administration after the virus impacted upon its liquidity and potential to be sold as a solvent business.

The sale will secure the future of 35 GBK restaurants (Rick Findler/PA)
The sale will secure the future of 35 GBK restaurants (Rick Findler/PA)

The group has now been sold in a pre-pack administration deal after working with insolvency specialists at Deloitte.

It said the move will save 35 sites and 669 jobs from its original network of 61 restaurants and 1,031 employees.

Gavin Maher, joint administrator at Deloitte, said: “As with a number of dining businesses, the broader challenges facing ‘bricks and mortar’ operators, combined with the effect of the lockdown, resulted in a deterioration in financial performance and a material funding requirement.

“We have been working closely with the management team under very difficult market conditions to try and find a funding solution and I am glad to be able to announce the rescue of this well-loved brand together with a large proportion of the sites and workforce.

“However, it’s clearly disappointing that a number of sites have had to close resulting in today’s redundancies.

“We would like to thank all of those involved in the transaction, including our legal advisers, DLA Piper, and wish the management team, workforce and the new owners, Boparan Restaurant Group, every success in now taking the business forward.”

It is the latest expansion in dining for Boparan, which is owned by “Chicken King” Ranjit Boparan and also owns the chains Giraffe and Ed’s Easy Diner.

Source Article

Read more

White House urges small business rescue plan

The White House on Sunday changed tactics yet again on boosting the pandemic-hit US economy, this time urging lawmakers to back a plan to help small businesses weeks ahead of the presidential election.

The change comes after President Donald Trump’s Republican Party and Democrats both rejected, for different reasons, a beefed-up $1.8 trillion economic rescue plan proposed Friday.

In a letter Sunday to Congress, White House chief of staff Mark Meadows and Treasury Secretary Steven Mnuchin urged backing for a bill allowing some $130 billion in unused funds from a previous support plan to be redirected.

The money would be earmarked for businesses, particularly small and medium-sized companies, that are facing declining revenues while negotiations for more support drag on.

“Now is the time for us to come together and immediately vote on a bill to allow us to spend the unused Paycheck Protection Program funds while we continue to work toward a comprehensive package,” the letter said.

– Not enough –

It is unlikely that Democrats will accept the request with about three weeks left until the November 3 election and as Trump trails challenger Joe Biden badly in opinion polls. 

House Speaker Nancy Pelosi, who is negotiating with the administration, has already rejected any idea of targeted measures, saying she wants broad economic support that she believes will boost activity.

The White House’s new strategy comes after a week in which Trump and his team had already switched tactics, jumping between cutting off talks, returning to the negotiating table and targeted measures — but without much success.

Markets tanked on Tuesday following Trump’s abrupt move to end stimulus talks, but he made an about-face in subsequent days that saw him calling for a deal.

The White House on Friday beefed up its offer, proposing a $1.8 trillion package as Trump himself said that he favored an even larger package.

But the proposal was rejected on both sides.

Pelosi said the plan amounted to “one step forward, two steps back,” adding that the proposed sum was not enough.

Many Republican senators deemed Trump’s offer too generous. Republican Senate Majority Leader Mitch McConnell poured cold water on the chances for a deal Friday, saying Congress is unlikely to agree on a new stimulus package before the election due to differences over how much to spend.

But Trump’s economic advisor said Sunday that a new Covid-19 economic stimulus package proposed by the White House could still be passed, despite opposition from Democrats and some Republicans.

Asked if the proposed deal was dead, Larry Kudlow told CNN’s “State of the Union,” “No, I don’t think it’s dead at all.”

“We’re asking for some targeted areas of assistance that would help this recovery. It is a V-shaped recovery, but there are key areas that could help,” Kudlow said.

The coronavirus has hit the US economy hard: nearly 11 million people are unemployed, and a total of 25 million people have seen their incomes drop and are relying on public aid.

Many

Read more

Garden Rescue – what time is it on TV? Episode 29 Series 5 cast list and preview.


BBC drops Garden Rescue from today’s schedule for BBC News Special ahead of coronavirus daily briefing

The BBC News Special will air from 3:45pm

window.RT.AmazonDirectMatchBuy.init(); };

var DOMReady = function(a,b,c){b=document,c='addEventListener';b[c]?b[c]('DOMContentLoaded',a):window.attachEvent('onload',a)} DOMReady(moduleInit);

window.RT = window.RT || {}; window.RT.programmeId = "d8hcwr"; window.RT.programmeTitle = "Garden Rescue"; window.RT.programmeHasOnDemand = true; window.RT.EnvironmentConfiguration = {"apigee":{"baseUrl":"https://immediate-prod.apigee.net"},"aws":{"baseUrl":"https://broadcastservices.imdserve.com"},"radioTimes":{"baseUrl":"http://www.radiotimes.com"}}; window.RT.ServiceProviderUrl = "https://broadcastservices.imdserve.com"; window.RT.itemTitle = "Garden Rescue"; window.RT.itemType = "episode"; window.RT.specialization = "tv";

window.fbAsyncInit = function () { FB.init({ appId: '118137074936918', xfbml: true, version: 'v2.5' }); };

(function (d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) { return; } js = d.createElement(s); js.id = id; js.src = "https://connect.facebook.net/en_US/sdk.js"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));

Source Article

Read more

Pelosi: House to stay in session until COVID-19 rescue pact

Updated


WASHINGTON (AP) — Speaker Nancy Pelosi said Tuesday the House will remain in session until lawmakers deliver another round of COVID-19 relief, a move that came as Democrats from swing districts signaled discontent with a standoff that could force them to face voters without delivering more aid.

“We are committed to staying here until we have an agreement, an agreement that meets the needs of the American people,” Pelosi said on CNBC.


Pelosi told her Democratic colleagues on a morning conference call that “we have to stay here until we have a bill.” That’s according to a Democratic aide speaking on condition of anonymity but authorized to quote her remarks.

The move highlighted the extent to which coronavirus legislation has settled into a kind of suspended animation in the final legislative weeks before the November election. Both parties insist they want action, keeping the idea of new relief alive, but negotiations between Democrats and the White House remain frozen, with both sides entrenched in their positions.



Pelosi’s comments came as moderate Democrats, many from areas won by President Donald Trump four years ago, signed on to a $1.5 trillion rescue package endorsed by the bipartisan Problem Solvers Caucus, a group of about 50 lawmakers who seek common solutions to issues.


The plan contains many elements of COVID rescue packages devised by both House Democrats and Republicans controlling the Senate, including aid to schools, funding for state and local governments, and renewal of lapsed COVID-related jobless benefits.


The price tag is significantly less than the $2.2 trillion figure cited by Pelosi but it’s also well above an approximately $650 billion Senate GOP plan that failed last week due to Democratic opposition.

Talks between Pelosi and the Trump administration broke down last month and there had been little optimism they would rekindle before Election Day. And last week, Senate Democrats scuttled a scaled-back GOP coronavirus rescue package.

Pelosi has maintained a hard line in negotiations and has been at odds with White House chief of staff Mark Meadows. She orchestrated passage of a $3.4 trillion COVID rescue package back in May, but the effort was immediately dismissed by Senate Republicans and the Trump administration.


Tuesday’s remarks, said Pelosi spokesman Drew Hammill, don’t mean that the speaker is adopting a more flexible position. She instead seems to be signaling

Read more

House to stay in session until COVID-19 rescue pact

WASHINGTON (AP) — Speaker Nancy Pelosi said Tuesday the House will remain in session until lawmakers deliver another round of COVID-19 relief.



House Speaker Nancy Pelosi of Calif., center, walks to her office, Monday, Sept. 14, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)


© Provided by Associated Press
House Speaker Nancy Pelosi of Calif., center, walks to her office, Monday, Sept. 14, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

Pelosi told her Democratic colleagues on a morning conference call that “we have to stay here until we have a bill.” That’s according to a Democratic aide speaking on condition of anonymity but authorized to quote her remarks.

Pelosi’s comments came as moderate Democrats signed on to a $1.5 trillion rescue package endorsed by the bipartisan Problem Solvers Caucus, a group of about 50 lawmakers who seek common solutions to issues.

The plan contains many elements of COVID rescue packages devised by both House Democrats and Republicans controlling the Senate, including aid to schools, funding for state and local governments, and renewal of lapsed COVID-related jobless benefits.



House Speaker Nancy Pelosi of Calif., walks to her office, Monday, Sept. 14, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)


© Provided by Associated Press
House Speaker Nancy Pelosi of Calif., walks to her office, Monday, Sept. 14, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

Talks between Pelosi and the Trump administration broke down last month and there had been little optimism they would rekindle before Election Day. And last week, Senate Democrats scuttled a scaled-back GOP coronavirus rescue package.



House Speaker Nancy Pelosi of Calif., right, walks to her office, Monday, Sept. 14, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)


© Provided by Associated Press
House Speaker Nancy Pelosi of Calif., right, walks to her office, Monday, Sept. 14, 2020, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

Continue Reading

Source Article

Read more

Garden Rescue: Charlie Dimmock looks unrecognisable in throwback to early career


Francesca Shillcock




Charlie Dimmock has been a regular on our TV screens for many years, but nowadays you can find the presenter and garden expert alongside Harry and David Rich (AKA The Rich Brothers) on hugely popular BBC show, Garden Rescue. After the new series was halted due to coronavirus, fans are hoping that the garedening programme will be back on screens as soon as possible.

MORE: All you need to know about Garden Rescue star Charlie Dimmock’s love life

But back in the day, Charlie was best-known for appearing on another popular garden show. The 53-year-old began her career back in 1997 when she first appeared alongside Alan Titchmarsh and Tommy Walsh on Ground Force

charlie-with-plants-

Charlie has been a household name for a number of years

The programme ran for eight years before it came to an end, making Alan, Tommy and Charlie household names. Here’s a throwback to Charlie’s early career and what the presenter looked like then and now…

MORE: Garden Rescue star Charlie Dimmock’s secret heartache

charlie-dimmock-and-alan

Charlie was known for her work on Ground Force

Charlie Dimmock then: early TV career

After studying horticulture and training at the Chelsea Physic Garden, Charlie landed her gig on Ground Force alongside fellow hosts Alan Titchmarsh and Tommy Walsh. Charlie became somewhat of a heartthrob on the show. However the presenter admitted her new found fame was something she admitted she didn’t expect to happen.

charlie-dimmock-early-career

The presenter pictured in her early career

Speaking in 2014, Charlie said: “It was all very silly. I remember Esther Rantzen said to me, ‘You’ll be referred to as the bra-less one for the rest of your life.'” She added: “People still comment on it to me. Some of them are male fans, some of them are female.”

Charlie Dimmock now: Garden Rescue

In July 2016, Charlie began presenting new gardening show Garden Rescue. For those unfamiliar with the format, presenters Charlie, Harry and David compete against each other to design a garden for a member of the public.

garden-rescue

Nowadays, Charlie stars on Garden Rescue

Whoever the guest chooses then gets to create the dream outdoor space. The show has proved hugely popular with viewers and has aired weekdays on BBC for over four years.

Charlie Dimmock personal life

Although Charlie is reportedly currently single, the presenter has had her brush with romance in the past. During the early nineties she met viticulturist John Mushet, with whom she settled down upon returning home.

charlie-dimmock-past-love

Although John referred to her as “the missus” during their relationship, the pair were never married and split in 2001 after Charlie had a fling with Ground Force microphone operator Andy Simmons.

On the prospects of love in the future, Charlie told the Daily Mail: “I’m too old now, certainly too old for marriage,

Read more

Good samaritans rescue drowning fawn on Interior lake

A small fawn is likely feeling very thankful after it was rescued from a potential drowning incident this weekend.

According to Interior resident Debbie Palmer, her daughter was out at Pavilion Lake with friends enjoying the final days of summer. Tara G Kimberley and her husband Jay Schaly, who are visiting from Vancouver, were out on their pontoon boat when they spotted a fawn swimming frantically in the water.

After some time, they managed to reach and rescue the fawn, pulling into the boat. Following the rescue, they dried off the baby, drove back to shore and let it go on its way.

<who> Photo Credit: Debbie Palmer

“They were on their pontoon boat on Sat, Sept. 5th, with friends when they spotted a fawn swimming frantically in the water,” said Palmer. “They managed to rescue the poor, exhausted fawn, dry him or her off and take it back to shore.”

The pair will return to the coast tomorrow as heroes to a local deer.

// Load the SDK Asynchronously (function(d, s, id){ var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = "https://connect.facebook.net/en_US/sdk.js"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));

function login() { FB.login(function(response) { if(response.authResponse) { window.location = "/members/facebook_login/?referring_page=https%3A%2F%2Fwww.kamloopsbcnow.com%2Fwatercooler%2Fnews%2Fnews%2FBC_Interior%2FGood_samaritans_rescue_drowning_fawn_on_Interior_lake%2F"; } else {} },{scope: 'public_profile,email'}); }

Source Article

Read more