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PizzaExpress
PizzaExpress is a British multinational restaurant group, owned by a group of bondholders. It has over 470 restaurants across the United Kingdom and 100 overseas in Europe, Hong Kong, China, India, Indonesia, Kuwait, the Philippines, the United Arab Emirates, Singapore and Saudi Arabia. It was founded in 1965 by Peter Boizot. In July 2020, the business was taken over by its bondholders under a debt-for-equity swap with previous owner Hony Capital. In November 2020, Hony Capital left the business and the group restructure was completed, helping to cut the casual dining chain's debt by more than £400 million. History Founded in 1965 by Peter Boizot, PizzaExpress opened its first restaurant in London's Wardour Street. Inspired by a trip to Italy, Boizot brought back to London a pizza oven from Naples and a chef from Sicily. It was announced in 2020 that the Wardour Street branch would shut, and the site has since closed. In 1969, jazz performances began at its Dean St ...
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PizzaExpress Pizza
PizzaExpress is a British multinational restaurant group, owned by a group of bondholders. It has over 470 restaurants across the United Kingdom and 100 overseas in Europe, Hong Kong, China, India, Indonesia, Kuwait, the Philippines, the United Arab Emirates, Singapore and Saudi Arabia. It was founded in 1965 by Peter Boizot. In July 2020, the business was taken over by its bondholders under a debt-for-equity swap with previous owner Hony Capital. In November 2020, Hony Capital left the business and the group restructure was completed, helping to cut the casual dining chain's debt by more than £400 million. History Founded in 1965 by Peter Boizot, PizzaExpress opened its first restaurant in London's Wardour Street. Inspired by a trip to Italy, Boizot brought back to London a pizza oven from Naples and a chef from Sicily. It was announced in 2020 that the Wardour Street branch would shut, and the site has since closed. In 1969, jazz performances began at its Dean Str ...
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Peter Boizot
Peter James Boizot MBE (; 16 November 1929 – 5 December 2018) was an English entrepreneur, restaurateur, politician, art collector and philanthropist. He is best known as the founder of PizzaExpress. Early years The son of Gaston and Susannah Boizot, he was born, educated and lived in Peterborough, England. In his childhood he stopped eating meat, and he remained a vegetarian. Education Boizot attended The King's School, Peterborough where he was head boy and sang in the choir of Peterborough Cathedral. In 1953, Boizot earned an Honours Degree in History at St Catharine's College, Cambridge. Boizot received an Honorary Degree at Loughborough University in 2000 in recognition of his successful business acumen and career, and his contributions to Peterborough. PizzaExpress Boizot founded PizzaExpress in 1965, after having worked in Europe for ten years and noticing that he was unable to eat an authentic pizza slice in London. Boizot floated PizzaExpress on the Londo ...
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Hony Capital
Hony Capital is a Chinese private equity firm, owned by Legend Holdings. Legend Holdings provided Hony, a pioneer in China's private equity industry, with its start-up capital. Hony has about US$10 billion under management. Hony also invests in overseas consumer brands in order to create value by expanding their presence in China. Hony Capital has invested in the areas of pharmaceutical and healthcare, consumption and catering, culture and media, environmental protection and new energy, as well as high-end manufacturing. Hony's portfolio companies include China Shijiazhuang Pharmaceutical Group (CSPC), Zoomlion, Shanghai City Investment Holdings, Shanghai Jin Jiang International, ENN, PizzaExpress (UK), STX (US), WeWork (US), etc. In July 2012, Hony Capital became the first private equity company registered in Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone. Since 2014, Hony Capital has established Hospital Corporation of China and Best Food Holding Compan ...
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TDR Capital
TDR Capital is a British private equity firm headquartered in London, England. History TDR Capital was co-founded in 2002 by Manjit Dale, Stephen Robertson, and Tudor Capital.Company Overview of TDR Capital LLP
''Bloomberg Business''
It is located on Bentinck Street in , central London. In 2006, it was a large shareholder of the , which owned .
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Gondola Group
Gondola Group was a chain restaurant operator in the United Kingdom and Republic of Ireland, Ireland. It operated several casual dining brands: *Byron Hamburgers, sold to Hutton Collins for £100 million in October 2013. *Kettners, champagne bar and restaurant (one site in London), sold in 2013/2014. *PizzaExpress, sold to the China based private equity firm Hony Capital in July 2014 for £900 million ($1.54 billion). *Ask (restaurant), ASK Italian and Zizzi, Italian food. Sold to Bridgepoint Capital in February 2015 for £250 million.Bridgepoint press release 9 February 2015: ''Bridgepoint completes £250 million acquisition of ASK Italian and Zizzi''
Re-linked 2016-08 ...
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Cinven
Cinven is a global private equity firm founded in 1977, with offices in nine international locations in Guernsey, London, New York, Paris, Frankfurt, Milan, Luxembourg, Madrid, and Hong Kong that acquires Europe and United States based corporations, and emerging market firms that fit with their core businesses, and necessitate a minimum equity investment of €100 million or more. In 2015, it had €10.6 billion in assets under management. Cinven's funding base originally came solely from three pension funds in the United Kingdom ( British Coal, the Railway Industry and Barclays Bank) who remain as important investors. Cinven has been reported to originally stand for ''Coal Investment Nominees' for Venture Capital''. Cinven invests in six sectors on an international basis: Business Services; Technology, Media and Telecommunications; Financial Services; Industrials; Healthcare; and Consumer. In July 2021, the firm was fined £43m by the UK Competition and Markets Aut ...
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Allan Leighton
Allan Leighton (born 12 April 1953) is a British businessman, chairman of The Co-operative Group since February 2015, former CEO of Asda, former chief executive of Pandora, and former non-executive chairman of the Royal Mail. He is also the co-owner of Brackley Town. Biography Allan Leighton was born in Hereford, the son of a Co-op shop manager, and raised in Oxford. He thought about becoming a professional footballer, but broke his leg in six places aged 15. He supports Leeds United, where he was deputy chairman, Saracens rugby team, Northamptonshire County Cricket Club and the Toronto Maple Leafs ice hockey team. Currently based half of the time in Toronto, Ontario, he is advising retail magnate Galen Weston and his son on Canadian retail chain Loblaw Companies (for which he is being paid C$1million), and is deputy chairman of Selfridges & Co. On 21 April 2008, Loblaw Companies announced that Leighton will take on the role of president of the company. In 2008 Leighton ...
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Coronavirus Disease 2019
Coronavirus disease 2019 (COVID-19) is a contagious disease caused by a virus, the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The first known case was identified in Wuhan, China, in December 2019. The disease quickly spread worldwide, resulting in the COVID-19 pandemic. The symptoms of COVID‑19 are variable but often include fever, cough, headache, fatigue, breathing difficulties, loss of smell, and loss of taste. Symptoms may begin one to fourteen days after exposure to the virus. At least a third of people who are infected do not develop noticeable symptoms. Of those who develop symptoms noticeable enough to be classified as patients, most (81%) develop mild to moderate symptoms (up to mild pneumonia), while 14% develop severe symptoms (dyspnea, hypoxia, or more than 50% lung involvement on imaging), and 5% develop critical symptoms (respiratory failure, shock, or multiorgan dysfunction). Older people are at a higher risk of developing seve ...
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BBC News
BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs in the UK and around the world. The department is the world's largest broadcast news organisation and generates about 120 hours of radio and television output each day, as well as online news coverage. The service maintains 50 foreign news bureaus with more than 250 correspondents around the world. Deborah Turness has been the CEO of news and current affairs since September 2022. In 2019, it was reported in an Ofcom report that the BBC spent £136m on news during the period April 2018 to March 2019. BBC News' domestic, global and online news divisions are housed within the largest live newsroom in Europe, in Broadcasting House in central London. Parliamentary coverage is produced and broadcast from studios in London. Through BBC English Regions, the BBC also has regional centres across England and national news c ...
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London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral in the City of London. Since 2007, it has been part of the London Stock Exchange Group (LSEG, that it also lists ()). The LSE was the most-valued stock exchange in Europe from 2003 when records began till Autumn 2022, when the Paris exchange was briefly larger, until the LSE retook its position as Europe’s largest stock exchange 10 days later. History Coffee House The Royal Exchange had been founded by English financier Thomas Gresham and Sir Richard Clough on the model of the Antwerp Bourse. It was opened by Elizabeth I of England in 1571. During the 17th century, stockbrokers were not allowed in the Royal Exchange due to their rude manners. They had to operate from other establishments in the vicinity, notably Jona ...
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Casual Dining
Restaurants fall into several industry classifications, based upon menu style, preparation methods and pricing, as well as the means by which the food is served to the customer. This article mainly describes the situation in the USA, while categorisation differs widely around the world. Origin of categories Historically, ''restaurant'' referred only to places that provided tables where one ate while seated, typically served by a waiter. Following the rise of fast food and take-out restaurants, a retronym for the older "standard" restaurant was created, sit-down restaurant. Most commonly, "sit-down restaurant" refers to a casual-dining restaurant with table service, rather than a fast food restaurant or a diner, where one orders food at a counter. Sit-down restaurants are often further categorized, in North America, as "family-style" or " formal". In British English, the term ''restaurant'' almost always means an eating establishment with table service, so the "sit down" qualif ...
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Private Equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a type of ownership of assets ( financial equity) and is a class of assets (debt securities and equity securities), which function as modes of financial management for operating private companies that are not publicly traded in a stock exchange. Private-equity capital is invested into a target company either by an investment management company (private equity firm), or by a venture capital fund, or by an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Each category of investor provides working capital to the target company to finance the expansion of the company with the development of new products and services, the restructuring ...
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