Much-loved restaurant chain ‘up for sale’ with fears 70 sites could close
Côte has reportedly been put up for sale (Picture: Getty Images)
The major restaurant chain Côte has been put up for sale, with 70 locations at risk of closing down, it’s reported.
Partners Group, the private equity firm that took control of the French themed restaurant at the height of the pandemic, is looking for new investors, according to Sky News.
Côte was brought out of administration by Partners Group in 2020 in a deal said to be worth £55 million.
Interpath is marketing the company based on 2024’s turnover of more than £150 million, sources close to the sale sale.
Côte currently has more than 70 locations across the country, compared to around 100 before it went administration.
Sign up for all of the latest stories
Start your day informed with Metro’s News Updates newsletter or get Breaking Newsalerts the moment it happens.
The dim sum specialists, founded in Soho in 2004, had 13 branches at their peak before slimming down to four more recently.
Côte went into administration during the pandemic (Picture: Geoffrey Swaine/Shutterstock)
Kate Nicholls, chair of UK Hospitality warns many more restaurants will shut if action isn’t taken soon.
‘If we carry on with these trends and the situation doesn’t improve — and clearly Rachel Reeves’s statements are giving a signal to consumers that it is not going to get better any time soon – then I would see this accelerating,’
‘Unless there is a change of tack by the government, we are looking at 150,000-200,000 fewer workers in hospitality during the first full year of [employer national insurance contribution] changes.’
The Metro has contacted Partners Group for comment.
Instagram’s location-sharing map sparks privacy fears – here’s how to turn it off News The social media network unveiled the new tool this week (Picture: Sheldon Cooper/SOPA Images/LightRocket via Getty Images) Two things may have happened to you this morning. You logged onto Instagram today and thought you tapped the Snapchat app by mistake. And you logged onto X today and saw a fair…
Chicago's iconic Merchandise Mart could soon be up for sale News The Merchandise Mart’s New York-based owner is eyeing a sale of the building, as Chicago’s office market continues to post record-high vacancies. Steven Roth, chairman and CEO of Vornado Realty Trust, told investors Tuesday during a second quarter earnings call that the Mart and San Francisco’s former Bank of America…
Chicago's iconic Merchandise Mart could soon be up for sale News The Merchandise Mart’s New York-based owner is eyeing a sale of the building, as Chicago’s office market continues to post record-high vacancies. Steven Roth, chairman and CEO of Vornado Realty Trust, told investors Tuesday during a second quarter earnings call that the Mart and San Francisco’s former Bank of America…
In San Ramon, a new Cali-Italian restaurant opens in the old Gianni’s space News The old tables and chairs remain in the cozy little Italian restaurant on San Ramon Valley Boulevard, where the spirit of Gianni’s has been revived with new owners, a new chef and a new look. Related Articles San Jose Jazz 2025: What to eat at Summer Fest 7 incredible Bay…
In San Ramon, a new Cali-Italian restaurant opens in the old Gianni’s space News The old tables and chairs remain in the cozy little Italian restaurant on San Ramon Valley Boulevard, where the spirit of Gianni’s has been revived with new owners, a new chef and a new look. Related Articles Elon Musk offers futurist concepts at his Tesla Diner, movie theater and supercharge…
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.
