All articles by Georgi Gyton – Page 19
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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.
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Analysis & Insight‘Great food, value and service more important than ever’
Sixty-one percent of guests frustrated by issues before or during a visit are unlikely to return, Zonal’s latest GO Technology report found
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NewsPubs face rationed Guinness supplies in run up to Christmas
Venues are facing a potential shortage of Guinness in the run up to Christmas as demand threatens to outpace supply.
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Analysis & InsightPub sector forecast to remain in structural decline
Mounting labour cost pressures is likely to result in an accelerated capacity exit in the UK pub sector, a new report from Morgan Stanley suggests, with large, well-invested estates best positioned
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NewsIberica poised to enter administration
Tapas chain Iberica is on the verge of entering administration after efforts to find a buyer for the business stalled, Sky News has reported.
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Newsitsu secures partnership with Emirates Stadium
The health-focused Asian-inspired brand has signed a deal with catering business Delaware North, which will see it deliver its sushi to the hospitality boxes at Arsenal’s football ground