Life, like the global financial markets is a rollercoaster and there have been plenty of ups and downs this week within hospitality.
Michelin-starred chef Tom Aikens is just one high-profile name looking for new investment due to consumers' increasing reluctance to splash-out given the grim prognosis for the UK economy.
Walkabout owner Regent Inns, which has been struggling for some time, appears to be well and truly up to its neck in it and revealed losses of £58.1m.
Given that sale talks for the bar owner were abandoned early this year and trading for all operators is set to get significantly worse over the coming months, it does pose the question of just what all those Australian barmen will do for work. Maybe they won't give a four X.
They probably won't be working at Le Frog Bistro. The restaurant group croaked it this week and was put into administration without a frog's leg to stand on. Bom, Bom, Bom, higher!
Although the world of derivatives is a wicked web, and mum's not likely to be off to Iceland, we've revealed the shortlist for our Web Awards and we want your vote.
Still, restaurateur and nightclub owner Mark Fuller is unfazed by the prospect of further fall-out from the credit crunch, and has shelled out on a new club site in London's Soho.
Ed's Easy Diner said reports of its demise had been greatly exaggerated and Chris King and Jeremy Corbin, owners of the capital's Wolseley and St Alban restaurants, plan a new eaterie at the top of the Bishopgate Tower development in the City of London. It'll give bankers somewhere to jump from, at least.
Hoping to soar equally high is the catering team at Glasgow City Council who have tabled a plan to move away from direct council control and become far more active in the wider contract catering market.
No news yet if Ian El-Mokadem, the head of the UK's largest caterer Compass, is gnawing on his fingernails but it was announced that he's a new member of the Mayor of London's skills board.
Whitbread's position as owner of a number of value-for-money brands, including hotel chain Premier Inn, continued to pay-off with half-year profits up 24% to £123.3m.
Lindley Group signed a £40m catering deal at the stadium of lovers-of-odd-shaped-balls, Leicester Tigers, while Jumeirah is to launch a five-star hotel in Glasgow.
Restaurateurs declared the Government's intervention on tips "misguided" and operators were warned that CSR polices that fail to address business goals are ultimately pointless. For more on sustainability and CSR visit our Green Zone.
Thomas Keller retained his coveted three-Michelin stars in the latest edition of the San Francisco guide.
For those interested in emulating him the Roux Scholarship 2009 is now open for entries with a stage at a three-Michelin-starred restaurant in Europe on offer to the winner.
And you have to of course be in it to win it. Or as an ex Beatle once said: "Win or lose, sink or swim, one thing is certain, we'll never give in." Fine advice in these uncertain times. Life, like the global financial markets is a rollercoaster and there have been plenty of ups and downs this week within hospitality.