All articles by Georgi Gyton – Page 16
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NewsRare Restaurants sees turnover up but losses widen
Since the year end, the Gaucho restaurant operator has continued to ”outperform market measures”, with strong like-for-like growth through the Christmas period and a positive start to 2025, marketing director Mark Sansom tells MCA
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Analysis & InsightPubs and restaurants saw modest December sales growth
For British consumers looking for ways to make savings, almost half (49%) said they planned to cut back on eating out in restaurants last month, with spending also impact by winter illness, according to Barclays
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NewsRitchie steps down as Buns From Home CEO
Shereen Ritchie is leaving her role after nearly two years at the business, with founder Barney Goff to take over as chief executive
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NewsPure reduces losses and continues to focus on B2B channel
The food to go retailer and caterer said travel strikes during 2023 could not stop the momentum of its growing catering business which now makes up 35% of overall sales
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NewsUpham Group exploring funding options
The pub group is “optimitistic” it will secure the funding needed to complete on several acquisitions early in the New Year, director David Butcher tells MCA
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NewsWasabi directors ‘excited by future growth potential’
The sushi and bento brand reported a turnaround year in 2023, with profit after tax of £7.4m, continued strong performance in 2024 and plans to explore franchising
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NewsRosa’s profits swing to loss in FY24
The Thai restaurant group has reported a significant increase in sales and adjusted EBITDA For the 53 weeks to 31 March 2024, but achieved a loss after tax for the year.
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NewsC&C Group appoints new CEO
The drinks group has named Roger White as its next chief executive. He will take over from Ralph Findlay on 20 January 2025.
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NewsMcWin Capital in talks to acquire Gail’s
McWin Capital Partners is in talks to buy Gail’s Bakery, as it looks to pre-empt a sales process for the premium neighbourhood bakery chain, Bloomberg has reported.
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NewsHoni Poke: ‘Consumer demand is giving us the confidence to expand’
The 22-strong poke bowl business believes there is “a lot of potential for growth”, and is targeting 15 new sites over the next 12 months, co-founder Vladimir Martynov tells MCA
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NewsYolk to launch coffee subscription
Launching in January, its tiered subscription service, Yolk BrewClub, will be available across its nine sites in central London.
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NewsDomino’s among bidders for Wingstop UK franchise
The pizza delivery business is among several bidders interested in acquiring the Wingstop UK franchise, in a deal which could value the QSR business at £400m, the FT has reported.
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Analysis & InsightLatte sees significant uplift in sales
Sales of the classic coffee drink are up 174% year-on-year and now dominating menus, according to data from Vita Mojo, although there are alternative local preferences dependent on location
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NewsD&D London to exit Leeds
The Calveton and Breal Capital-owned restaurant group is to close its remaining Leeds site, Angelica and Crafthouse, following a “comprehensive review” of the business.
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NewsFranco Manca continues with UK expansion
The Fulham Shore-owned business has just opened its debut in Liverpool, a further London restaurant and is about to launch new concept Super Club Roma this week.
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NewsNight time economy staff fear job cuts
The majority of employees (75%) working in the night time economy are fearful that the impact of the Budget could lead to job cuts or reduced shifts, a new poll by the NTIA has revealed.
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NewsTortilla revenue forecast to exceed expectations
The fast casual Mexican restaurant group said the revised forecast followed the continuation of strong sales recovery for the UK business, which has been further accelerated by the successful implementation of its ‘Vital 5’ strategy
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NewsOpenings of the week
MCA rounds up the latest opening stories from the past week, featuring Heartwood Inns, Bella Italia, Wingstop, Fat Phills and more
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NewsF&B brands dispute allegations in school report
Campaign group Bite Back has claimed that thousands of new fast-food outlets have opened near schools over the past decade, however the data has been disputed by the likes of KFC and Domino’s
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NewsCooks Coffee to expand Esquires in Ireland
The agreement with Dairygold will see Esquires operate four cafes within Co-Op Superstores owned by Dairygold, in Ireland, as Cooks looks to build its presence in the country.