Casual Dining Group (CDG), the failed restaurant group that owned the Las Iguanas, Bella Italia and Café Rouge chains, has been rescued by private equity firm, saving 4,000 jobs across the UK and over 150 outlets.
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Much is being written these days about consumers wanting authenticity, honesty and transparency in the products they buy, and the companies they buy them from. The news from across the drinks aisle that craft brewer Beavertown has sold an undisclosed minority stake to corporate giant Heineken for £40m raises interesting questions in this arena.
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Cash strapped wholesaling group Conviviality has announced it is in talks to begin equity fundraising in to plug a £30m tax shortfall which is due on March 29.
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