Particle.news

Download on the App Store

Partners Group Puts Côte Brasserie Up for Sale, 72 Restaurants Under Review

Surging operating costs are shrinking profit margins at underperforming sites

Image

Overview

  • Partners Group has enlisted Interpath Advisory since July to locate investors or buyers for the upmarket chain
  • All 72 UK branches have been placed under formal review, with continued operation contingent on securing a buyer
  • Several underperforming locations, including Gloucester Quays, Hampstead, Harrogate and Manchester, have already closed this year
  • Sky News reports that around 60 of the chain’s 72 restaurants remain profitable, underscoring uneven site performance
  • Rising energy bills, higher wages and increased national insurance contributions are squeezing margins across the hospitality sector