All articles by Georgi Gyton – Page 2
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NewsMcDonald’s UK&I CEO to step down
Alistair Macrow has announced he is stepping down from his role at the fast-food business, with Lauren Schultz, currently field VP Columbus, McDonald’s USA, to succeed him as CEO, on 1 September.
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Analysis & InsightConsumers swap meals out for coffee and treats at home
Casual dining and fast food restaurants have experienced a decline in visitors over the summer months, with visits falling by 6% during the three months to mid-July, according to new data from Worldpanel by Numerator.
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Analysis & InsightHospitality businesses operating at reduced capacity
Almost three-quarters (69%) of those surveyed were operating at or below 85% of required capacity, after the government’s tax rises have forced them to cut their workforce, a new sector survey has found.
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Analysis & InsightPub and bar visit frequency up 4.3% in past year
Growth in pub and bar visits is being fuelled by younger, more affluent consumers, with the channel also growing its overall share of occasions, a new Lumina Intelligence report has found.
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InterviewsHeavenly Desserts: ‘We are likely to beat our openings target’
The 60-strong dessert café franchise has opened six UK sites this year and optimistic it will beat its “conservative” target of 10 openings, with international growth to come on top of that, managing director Yousif Aslam has told MCA.
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NewsSoho House & Co signs take-private agreement; appoints new CFO
The London-based operator of private members’ clubs has signed a $1.8bn agreement with MCR – the US’s third largest hotel operator, in a deal which will see it exit the New York Stock Exchange.
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NewsBrakspear reports fall in adjusted EBITDA
The Henley-based pub operator saw adjusted EBITDA decline by 2%, to £10.7m, for the year to 29 December 2024, however turnover was up 7% to £41.3m
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NewsChaiiwala opens first motorway service station site
Opening at Watford Gap Roadchef Services, the new container-base format supports the Indian street food and café brand’s strategy to expand through the more diverse formats, in high-footfall, on-the-go locations.
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NewsSoho House closes in on $1.8bn take-private deal
A group of investors headed by headed by New York-based MCR Hotels is nearing an agreement to buy out Soho House’s remaining public shareholders at about $9 a share, according to reports
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NewsWahaca returns to profit
The Mexican restaurant group reported a profit before tax of £0.7m for the 53 weeks to 30 June 2024 – up from a loss of £0.7m the prior year, according to its latest accounts
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NewsMcWin & TriSpan team up to acquire Flat Iron
The two private equity firms have secured a co-control majority investment in FI Holdings Limited, which operates the 18-strong chain of Flat Iron restaurants, for an undisclosed sum, with existing investor Piper to exit the business as part of the deal.
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InterviewsPizza Pilgrims: ‘We have clarity around our vision for the next chapter’
The experience offered by new owners L’Osteria, and backers McWin, alongside a belief in the potential to grow Pizza Pilgrims internationally, is “hugely exciting” for the business, co-founder Thom Elliot tells MCA.
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NewsDavid Page steps down as Meatliquor non-exec
The former exec chairman at Fulham Shore has stepped down as a director at Scott Collin’s MeatLiquor business, following his newly-announced role at Tasty, but he will remain a shareholder, Page confirmed to MCA
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NewsXP Factory sees ‘marked turnover’ in like-for-likes
The experiential leisure group said its Boom Battle Bar and Escape Hunt brands had returned to growth following a challenging first quarter due to the unseasonally warm weather and economic instability
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NewsDishoom reports 17% increase in turnover for 2024
The Indian restaurant group, which recently received investment from L Catterton, delivered substantial revenue and EBITDA growth in FY24, with positive momentum continuing into 2025
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Analysis & InsightHospitality continues to ‘bear brunt’ of job losses
Around 84,000 jobs have been lost in the hospitality sector since the government announced changes to NICs contributions last year, with younger workers the hardest hit, UKHospitality chair Kate Nicholls says
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NewsMcDonald’s UK&I: 'Additional franchisees key to growth plans'
The fast food chain is looking to double the number of franchisees it recruits on an annual basis in order to reach its goal of opening 100 restaurants over the next 18 months – and beyond, chief executive Alistair Macrow shares
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Analysis & InsightRestaurants, cafes and bakeries boost hospitality spend
Consumer spending on eating and drinking out in restaurants, cafes and bakeries increased by 1.9% in July, according to Barclays latest Consumer Spend Report, however spend dipped at bars, pubs and clubs.
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NewsPizza Pilgrims acquired by McWin-backed restaurant group L’Osteria
German-based Italian restaurant group L’Osteria has acquired a majority stake in the Neapolitan pizza brand for an undisclosed sum, and will partner with Pizza Pilgrims as it explores opportunities for international openings and measured expansion in the UK.
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NewsUK driving international sales at Restaurant Brands International
RBI, owner of the Burger King, Tim Hortons, Popeyes franchises, reported a 9.8% increase in system-wides sales within its international business with Popeyes achieving really strong sales outside the US