High Street food chain Pizza Express is at risk of being the next eatery in the UK to collapse after the firm hired advisors ahead of talks with creditors. The chain, which was acquired by Chinese private equity firm Hony Captial in 2014, is set to engage in talks to save the business, which is in £655 million worth of debt. The popular restaurant is thought to have struggled with rising costs and a tough UK trading environment. It comes just months after the UK lost Jamie's Italian from the High Street and it is thought the Pizza Express chains are in debt of up to £1.6 million per eatery. It is thought the Pizza Express chains are in debt of up to £1.6 million per eatery (chain in Surrey pictured above) Langton Capital Limited tweeted out the update following the announcement on October 4, that the company had hired advisors. Langton had previously sent out a report to clients which highlighted the amount of debt the firm was in, and how each restaurant was … [Read more...] about Pizza Express calls in financial advisors ahead of talks with creditors over £665m debts – sparking fears restaurant chain will be next big name to disappear from Britain’s High Street
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On a hot August afternoon in 2000, four Americans arrived for a secret meeting at the central London penthouse flat of an Indian billionaire drug manufacturer named Yusuf Hamied. A sixth person would join them there, a French employee of the World Health Organisation, who was flying in from Geneva, having told his colleagues he was taking leave. Hamied took his guests into the dining room on the seventh floor. The room featured a view of the private gardens of Gloucester Square, Bayswater, for which only the residents possess a key. The six men sat round a glass dining table overlooked by a painting of galloping horses by a Mumbai artist (Hamied has racehorses stabled in three cities). The discussion, which went on all afternoon and through dinner that evening at the Bombay Palace restaurant nearby, would help change the course of medical history. The number of people living with HIV/Aids worldwide had topped 34 million, many of them in the developing world. Hamied and his guests were … [Read more...] about Big Pharma’s worst nightmare
The men employed on building the 40,000-seat al-Rayyan football stadium were having their lunch, in the model accommodation camp of the “supreme committee” organising the 2022 World Cup, when I talked with them about their lives as migrant workers in the wealthiest country on earth. They had come from Ghana, where they said adverts about construction jobs in Qatar were broadcast on the radio, and about 300 of them had taken the opportunity. All four had paid agents, an exploitation that is officially outlawed but is endemic in the recruitment of millions of people from poorer countries to work all over the oil and gas-rich Gulf. “The agent said to me: ‘Qatar is the richest country in the world; you can Google it,’” one man told me. “He said we would earn a ‘huge salary’. But when we came here, we found it was the opposite.” Al-Rayyan is one of seven dazzling stadiums being built around the Qatari capital, Doha, in addition to … [Read more...] about Qatar 2022: £40 a week to build the World Cup stadiums
Recep Tayyip Erdoğan, the Turkish president, has said his country would “crush the heads” of Kurdish militants if they did not withdraw from a planned “safe zone” in northern Syria. On Thursday following an intervention from the US, Turkey agreed to pause its military offensive in north-eastern Syria for five days while Kurdish fighters withdrew from the safe zone. But on Saturday both sides blamed each other for fighting that has rattled the US-brokered ceasefire. Speaking at an opening ceremony in the central Turkish province of Kayseri, Erdoğan said Turkey would “crush the heads” of Kurdish militants in northern Syria if they did not withdraw from the area during the 120-hour time period. He said he would discuss the deployment of Syrian government forces in the safe zone during talks with Russia’s president, Vladimir Putin, next week, but warned Ankara would “implement its own plans” if a solution was not reached. … [Read more...] about Erdoğan threatens to ‘crush the heads’ of Kurdish fighters refusing to withdraw
Business By Michelle Meehan Business reporter, New South Wales 11 July 2019 Share this with Facebook Share this with Messenger Share this with Twitter Share this with Email Share this with Facebook Share this with WhatsApp Share this with Messenger Share this with Twitter Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.co.uk/news/business-48935371 Read more about sharing. These are external links and will open in a new window Close share panel Would you switch to drinking camel milk? Australia's growing number of camel farmers … [Read more...] about Would you drink camel milk?