All articles by Georgi Gyton – Page 3
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NewsSnowfox Group acquired by Zensho in $621m deal
The operator of sushi brand YO! has been acquired by Japanese foodservice company Zensho Holdings, in a deal which will see Snowfox backers Mayfair Equity Partners fully exit the business.
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News200 Degrees looking to grow by five a year
The Nottingham-based coffee shop and roastery business has lined up another three openings in the current financial year, with its 20th location to open in West Bridgford at the end of July.
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NewsHonest Burgers appoints Lee Nixon as ops director
Former Ole & Steen MD Nixon joins the Active Partners backed burger chain following his departure from the Danish bakery chain in April
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NewsDolce Desserts planning UK franchise roll out
The Birmingham-based dessert cafe is now working with Brand Mark Franchising, as it looks to expand its business nationwide.
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NewsBritain forecast to avoid recession this year
KPMG no longer expects a recession in 2023, instead forecasting that GDP will increase by 0.3%, but economists have said both businesses and consumers will still be in for a tough year.
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NewsPizzaExpress claims it’s on surer financial footing
The restaurant chain has said its debt levels have significantly improved in recent years and are now half of what they were under the previous ownership.
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NewsFulham Shore takeover deal voted through
Toridoll’s £93.4m acquisition of the Franco Manca and The Real Greek operator was approved by Fulham Shore’s shareholders at a Court Meeting and General Meeting, held on Friday.
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NewsNightcap acquires Dirty Martini in £4.65m deal
The late-night bar operator has entered into an asset purchase agreement to acquire Dirty Martini’s 10 bars, as well as Tuttons Brasserie in a pre-pack deal
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Analysis & InsightEating out frequency down 7.1%
Participation in the eating out market may remain static but consumers are visiting venues less often than a year ago, the latest Lumina Intelligence report has found
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NewsBrewDog bars help drive 20% sales growth in 2022
Its new flagship Waterloo and Las Vegas sites have performed above expectations and offer a clear example of how it sees its bar estate evolving, CEO James Watt said.
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NewsGusto appoints new CFO following Bandura’s departure
Phil Dearden joins the restaurant group this month following the departure of CFO Frank Bandura, who has joined Impact Food Group
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NewsDeliveroo launches £20m summer savings campaign
From June to September, the food delivery company will introduce a range of offers, that will enable customers to save money on deliveries from local restaurants as well as grocery items.
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InterviewsCity Pub: ‘We're very confident in our numbers’
The like-for-like growth achieved by the group shows consumer demand is still very strong – but customers aren’t just going to fall at our feet, CFO Holly Elliott tells MCA.
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NewsGong cha looking to pick up pace of UK expansion
The global bubble tea brand is looking to pick up the pace of its expansion in the UK and is eyeing 500 stores by the end of the decade.
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NewsBrakspear boosts senior team at Honeycomb Houses
John Gormally, former head of operations at Pitcher & Piano, joins as interim operations director, while Simone Brown has been appointed to the newly-created role of head of people.
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NewsJames Watt invests in Clean Kitchen Club
The BrewDog CEO and co-founder has revealed he is an investor in the plant-based QSR concept, which has plans to open several larger format central London sites this year.
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NewsNon-exec departure at The Restaurant Group
Alex Gersh will step down from his role as an independent non-executive director and chair of the audit committee in July
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NewsAdnams reports £1.2m operating loss for FY22
Despite significant pressure on its underlying cost base, the business reported a £7m rise in revenue to £64.2m, and a positive EBITDA of £2.7m for the period.
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NewsComptoir Group: ‘We have an extremely strong base from which to leverage growth’
The Lebanese restaurant group is close to completing on a site in greater London, and is in discussions with new franchise partners to open up access to other travel hub and leisure locations
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NewsHostmore sees further fall in like-for-likes
In a trading statement to accompany the group’s AGM today, the TGI Fridays operator reported a 3% decline in like-for-like sales for the 22 weeks to 4 June 2023 – down from -1% in the first 16 weeks.