Today’s news in brief – 31/10/23

Wheel Topco, which is considering a bid for The Restaurant Group, is working with Goldman Sachs on this potential deal. The move would be an attempt to disrupt TRG’s planned takeover by Apollo Global Management. The Pizza Express owner has reportedly been in discussions with TRG’s board about a potential bid. However, no formal proposal has been made yet. If successful, Pizza Express could potentially take over TRG, which owns various restaurant chains – including Wagamama.

Nobu Hotel London Portman Square has introduced Nobu Catering, offering a range of dining experiences that can be tailored to various events. The offerings include Nobu at Home for delivery of restaurant-quality meals to customers’ homes, Nobu Social for social events like weddings and birthdays, Nobu Ultra for luxury dining occasions, and Nobu Corporate for business lunches and events. Nobu Catering’s menus have been created by executive chef Michael Paul.

Trust Inns has acquired The Bear Inn, a pub located in Weston-super-Mare, as an investment opportunity. The pub, which includes two bars, a skittle alley, and 23 guest rooms, is expected to generate an annual income of £62,400. This acquisition aligns with Trust Inns’ ongoing efforts to acquire pubs and diversified pub businesses across the UK.

Forty Four, a refurbished bar and nightclub in Perth, Scotland, is available for lease starting from £15k. The venue operates as a sports bar and hosts live music events in the evening, while the late-night function lounge caters to private parties and events. The establishment was recently refurbished and is well-located in a high footfall area. The bar ceased operations in July for reasons beyond the previous owners’ control.