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Friday Five: the week's top news

This week's most popular hospitality stories include the closure of influential London wine hangout Terroirs, staffing troubles at Le Gavroche and Ugly Butterfly heading to Cornwall. ....

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Market Halls launches CVA proposals

Market Halls launches CVA proposals
Market Halls has launched a Company Voluntary Arrangement (CVA) proposal for four group entities in a bid to secure its future following more than a year of closure.
The London-based food hall operator, which has three locations across the capital in Victoria, Fulham and the West End, announced in July
last year that it had taken the decision to keep all of its sites closed while social distancing remains.
With Market Halls now not anticipating being able to reopen until Summer 2021 at the very earliest, and with trade creditor balances continuing to mount-up, the group is taking decisive action to safeguard its future by undertaking a financial restructuring programme funded by a new investor in the business, Gees Court Partners. ....

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