Overview

• Partners Group has formally launched an auction of Côte Brasserie with Interpath Advisory to attract new investors.
• The chain, rescued from administration in 2020 for £55m, now trades from just over 70 UK sites.
• Approximately 60 of those locations remain profitable, leaving around 10 outlets exposed to potential closure.
• Interpath Advisory is marketing the business on the strength of last year’s £150m turnover to bolster finances.
• Kate Nicholls warns that employer national insurance rises could reduce hospitality employment by up to 200,000 without government action.