All articles by Georgi Gyton – Page 58
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NewsTortilla to rebrand Chilango’s three City sites
The Mexican fast-casual chain has also announced it will be utilising the Chilango name as a virtual brand across the group’s delivery kitchens following its acquisition of the business in May
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Analysis & InsightHuge increase in hospitality businesses in ‘distress’
There are 70% more bars and restaurants in “critical financial distress” than at this point last year, according to insolvency and restructuring advisor Begbies Traynor.
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NewsRedCat acquires trio of South West pubs
The new additions to its estate include the famous Jamaica Inn in Cornwall, with the sites to operate as part of RedCat’s The Coaching Inn Group business
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Analysis & InsightFoodservice inflation reaches 11.5%
June recorded the fifth consecutive month of double-digit percentage inflation, with some categories seeing levels up +20%, according to the latest CGA by NielsenIQ Prestige Foodservice Price Index
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Analysis & InsightNearly two-thirds of top restaurant groups making loss
A record 64% of the UK’s top 100 restaurant companies are now making a loss, according to new research from accountancy group UHY Hacker Young.
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NewsHeart with Smart reduces losses by £28.5m
The franchise operator of Pizza Hut Restaurants and Itsu believes market fundamentals continue to be strong and is actively seeking additional brand partners alongside the acceleration of its openings strategy for Itsu
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NewsGovernment must act decisively, says UKH
The trade body has warned there will be further casualties in the sector as the impact of rising interest rates and energy prices start to bite
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NewsClean Kitchen appoints new MD
Thomas Foulser, former head of commercial and associate director at Inception Group, has joined the plant-based food company which launches a Seedrs crowdfund campaign next week
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Analysis & InsightBusiness leaders’ confidence plummets
Only 23% of business leaders are confident about the next 12 months for the overall hospitality sector, according to the latest CGA and Fourth Business Confidence Survey
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NewsCosta targeting 500 drive-thrus by 2025
The coffee shop business has just opened its 300th drive-thru, one of 60 planned to open in 2022 as part of a £20m investment in the format
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NewsGordon Ramsay Restaurants makes £6.8m pre-tax loss
The group, which added 10 restaurants to its portfolio in the last financial year, said it remained committed to its growth strategy
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NewsIn pictures: Gusto’s new-look Edinburgh restaurant
Gusto Italian has reopened its restaurant on Edinburgh’s George Street following a £250k redesign
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NewsD&D revenues yet to return to pre-Covid levels
The restaurant group said revenues in the UK were at 91% of pre-Covid levels but that the business was well placed to “significantly scale up” in the UK and overseas
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InterviewsEgo Restaurants: ‘We’re building cash now, to expand next year’
CEO James Horler tells MCA that with current cost pressures, expansion plans are being put on hold until next spring
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NewsCaprice Holdings appoints head of marketing
Simon Allison takes up the role following a year-long stint as head of marketing at Bill’s Restaurants, meanwhile Pedro Nunes has been promoted to ops director at The Ivy Collection
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NewsCafé Wolseley forced to close
The Wolseley Hospitality Group has announced it is having to close its Café Wolseley site at Bicester Village later this month, against its wishes.
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NewsGreggs to increase focus on customisation
The food to go retailer is to begin trialling customisable baguettes as it looks to expand its offer of flexible menu options for those customers using its digital channels
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NewsInquest begins into death of Pret customer
Pret A Manger has already been found ‘not guilty’ of the death of Celia Marsh in 2017, with inquest proceedings beginning this week
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NewsTortilla launches loyalty scheme
Members of the Tortilla Club can earn stamps and redeem rewards, including a free main of their choice one they have collected nine stamps.
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NewsComptoir CEO and chair step down
Chaker Hanna and Richard Kleiner have stepped down from their roles as CEO and chair, with immediate effect. It follows calls from Comptoir founder and creative director Tony Kitous for the pair to resign.