CASUAL DINING & CONTRACT CATERING SECTOR

Eddie Rockets secures approval for refinancing proposal

Irish Examiner – 04.01.2021
The impact of the Covid-19 pandemic has resulted in “a significant decline in revenues” for all of the Eddie Rockets restaurants. New accounts for Eddie Rockets Ireland show it has secured credit approval for a refinancing proposal with its lender as it deals with the pandemic. The refinancing discussions are ongoing, which will “provide essential capital to support the business". The group, which has 40 outlets, is battling the latest enforced shutdown for the hospitality industry. It is operating call-and-collect and online services. Covid-19 "has resulted in a significant decline in revenues for all of the company’s restaurant locations”, the accounts say.

Danish delivery tech firm to grow Irish operation

Independent.ie – 03.01.2021
After a surge in demand for food delivery this year, Danish company Orderyoyo plans to deepen its presence in Ireland. The company develops software for restaurants to build and manage their own food-delivery sites rather than use large marketplaces like Deliveroo. Orderyoyo, which competes with Irish start-up Flipdish, has around 600 restaurants in Ireland using its services with five sales staff on the ground managing operations who report to the company's Manchester office. Orderyoyo works with some brand name operations including Beshoff Bros and independent Abrakebabra franchisees. Its software allows restaurants to create their own branded food ordering apps and carry out their own deliveries.