All articles by Finn Scott-Delany – Page 59
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NewsTurtle Bay profits down by two thirds
Turtle Bay’s profits have been slashed by more than two thirds to £1.4m, its latest accounts show.
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NewsMowgli sets sights on the south coast
Indian street food restaurant group Mowgli is looking at locations including Newcastle, Preston, Bath, Brighton and Coventry as part of its expansion plans for next year and beyond.
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NewsNusa secures £300k investment
Nusa Kitchen, the Singapore soup concept, has raised £300,000 investment towards its growth plans, CEO Hubert Zanier has told MCA.
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NewsStonegate/EIG deal ‘could damage competition in 51 local areas’
Stonegate Pub Company’s proposed £3bn purchase of Ei Group does not raise UK-wide competition concerns but could damage competition in 51 local areas, the Competition and Markets Authority (CMA) has said.
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NewsGail’s Bakery pre-tax profit up 10% to £1.1m
Gail’s, the artisan bakery chain backed by Luke Johnson, has reported turnover up 18.4% to £47.6m in the year ending 28 February 2019.
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NewsAnstey departs Joffe family business
Joffe family mainstay Sam Anstey has resigned as operations director to peruse new opportunities, MCA understands.
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Analysis & InsightDelivery platforms increase London turnover by £323m
Third party delivery has led to £323m increase in turnover (+1.4%) across the restaurant industry in London, a joint study by Deloitte and Uber Eats reports.
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NewsNewRiver acquires Bravo Inns for £17.9m
NewRiver, the real estate investment trust (REIT), has acquired community pub company Bravo Inns for £17.9m.
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NewsL’Atelier du Vin secures third site
L’Atelier du Vin, the premium wine and cocktail bar concept, has secured its third site, in Brighton’s Laines.
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NewsIddon departs Le Pain Quotidien after three months
Former Restaurant Group CIO Simon Iddon has left his role at Le Pain Quotidien, MCA understands.
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NewsMarston’s reports £20m loss amid debt reduction focus
Marston’s has swung to a £20m statutory loss of the full year to 28 September 2019, down from a £54.3m profit in 2018.
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NewsNando’s drives profits after central costs restructure
Nando’s UK business has reported revenues up 7.9% to £779.4m for the full year to 24 February 2019.
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NewsJust Eat urges shareholders to reject Prosus offer
Just Eat has told its shareholders a hostile takeover bid from Prosus of 710p per share “significantly undervalues” the company.
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NewsBababoom passes £400k crowdfund target
Bababoom, the contemporary kebab restaurant, has passed its crowdfunding target of £400,000, and will keep the raise open.
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NewsThe Alchemist: ‘People thought we were just a chavvy northern cocktail bar’
This week sees The Alchemist open its biggest and most ambitious site yet, in Canary Wharf.
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NewsWagamama continues positive streak with 6.3% lfls growth
Wagamama has reported UK like for like sales growth of 6.3% for the 22-week period to September 29 2019.
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NewsWalker joins Platopus as chairman
Former Eat CEO Andrew Walker has joined Platopus Retail as chairman, MCA understands.
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NewsCosta announces McDonald to replace Paul as CEO
Costa Coffee has announced that CEO Dominic Paul is to be replaced Jill McDonald, formerly of Marks & Spencer.
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NewsSoul Food Enterprises sold in pre-pack
Soul Food Enterprises, the operator of Harlem Soul and Stax Diner, and its subsidiary Butterscotch bakery, have been sold in a pre-pack administration, MCA understands.
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NewsFarmstand appoints director of food
Farmstand has appointed a new director of food is it continues to build its senior team, MCA understands.