Le Pain Quotidien sold in pre-pack deal to BrunchCo UK Limited

first_imgBakery and café chain Le Pain Quotidien has been sold in a pre-pack deal.Immediately after the appointment of administrators last Thursday (11 June), the UK business and assets for 15 of the chain’s 26 sites were sold to BrunchCo UK Limited.However, Le Pain Quotidien’s (LPQ) head office and 11 remaining sites were closed immediately, resulting in 200 redundancies. The remaining 333 staff have been transferred to BrunchCo.BrunchCo UK is a subsidiary of BrunchCo 21 SA, a newly formed holding company majority owned by Belgian private equity investors M80. The company is also acquiring the Belgian and French assets of LPQ as well as its brand and the international franchises.LPQ, like many hospitality businesses, has struggled with tough market conditions for a number of years, according to administrators Alvarez & Marsal.In its latest full-year filing at Companies House, for the year to 31 December 2018, LPQ reported a 4% year-on-year drop in revenue to £38m, making a loss of £700,000. At the time, the company referred to reduced footfall and cost pressures.The administrators added that the Covid-19 outbreak had exacerbated the situation.BrunchCo is now holding talks with LPQ’s remaining landlords regarding the structure of its lease agreements and the future of the remaining sites.The new owner said it planned to make “significant investments” in LPQ to create a sustainable future for the UK business.“This acquisition secures the brand’s future in the UK, and we hope to conclude the restructuring process within the next few days,” said joint administrator Rob Croxen.“We appreciate the support of LPQ’s employees at this difficult time.”last_img read more

Hedwig Star Darren Criss on Where His Heart Is

first_img Hedwig and the Angry Inch Star Files Show Closed This production ended its run on Sept. 13, 2015 Darren Criss Darren Criss stopped by TODAY on May 20 to chat about returning to the Great White Way in Hedwig and the Angry Inch. The former Glee star, who won a Broadway.com Audience Choice Award for his portrayal of our favorite internationally ignored song stylist, is already “so sad at the idea of it ever being over.” However we can all take heart, as although Criss will depart the Belasco Theatre on July 19, it sounds like he won’t be away from the Main Stem for too long. “I come from the theater, my heart will always be in the theater, there’s nothing like it,” he told Kathie Lee and Hoda. Check out the interview with the adorable Criss below. View Comments Related Showslast_img read more

BRO Athletes: Chris Hipgrave Takes on the Little Tybee Challenge

first_imgSome events stand the test of time and carve strong enduring memories. The Little Tybee Challenge is one of these races for me. The diversity of the race course is second to none. Starting in a powerful tidal river, the course then jogs into a super narrow and twisty tidal creek before leading you out into the Atlantic thru a surf zone surrounded by sand bars and technical options. Once into the Atlantic a short sprint takes you back into the tidal river and the finish line. The near 8 mile circumnavigation of most of Little Tybee Island takes the fastest of paddlers a little under 50 minutes and requires a unique set of skills to excel across the range of challenges the race course has to offer.After a strong win at this race in 2014 I knew I’d have a target on my back but I also knew I didn’t have the same level of fitness I had last year. I’d have to play defense. After a confused starting procedure and a strong effort off the line, I found myself leading into the tight and technical tidal creek and interrupted a large pod of dolphin playing in the fast moving waters. Once into the creek, it’s very hard to overtake anyone but I could hear the relentless chase of Eric Mims close behind. But as a wildwater paddler, reading and executing these tight turns would mean a small advantage for me.So the question was whether to gut myself and extend my tenuous lead or conserve energy for the later stages of the race. I choose to gut myself. Exiting the tidal creek and entering the ocean, I had approximately 1 minute up on Eric, but now in the ocean, the tables were turned and Eric was in his home environment with the advantage and was closing the gap fast. Seeing a near shore deep water gutter, I surfed into the beach to take the short cut but not before Eric saw me make the turn and gave chase. Once thru the moving water and heading back into the tidal river, I found myself shoulder to shoulder with Eric for the final mile or more to the finish. Sadly, I could not respond to his mastery of using every ocean bump to his advantage and I was also paying the price for pushing hard in the creek. Eric snagged victory by a tad over a minute in a masterful paddle. Mark Volkmann also put in a great effort to take a solid third place after using his intimate knowledge of the area to his advantage to secure the final podium spot.The Little Tybee Challenge never disappoints and I will be back for the 18th annual race in 2016. More information, results and media can be found at http://tybeekayakrace.blogspot.com/—Our BRO Athlete series is powered by Great Outdoor Provision Co., The Hub, Crozet Running, Brown Jeep, Proformance, and the Blue Ridge Cyclery.last_img read more