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All articles by Georgi Gyton – Page 84
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NewsGiggling Squid debuts Welsh site
The new 3,000 sq ft site will open in Cardiff’s St David’s dining quarter on the Hayes, later this year, and forms part of the BGF-backed Thai restaurant group’s expansion plans
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NewsSupport needed to avoid menu price rises
While 85% of consumers are expecting prices in pubs and restaurants to rise, government support could help avoid operators’ extra costs being passed on, the latest Future Shock report suggests
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NewsRed Oak has ‘significant capital’ following recapitalisation
The business completed five portfolio acquisitions in 2021, with the refinancing enabling it to enter the next stage of its acquisition programme
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NewsTRG making ‘good progress’ against strategic objectives
Its Wagamama and Pubs divisions have continued to outperform the market since the year end, with a strong pipeline of openings for both businesses, TRG said in its full year results to 2 January 2022
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NewsTim Hortons is ‘in the midst of a fast-paced expansion plan’
The Canadian QSR brand has opened seven new drive-thru sites in the UK so far this year as part of plans to add 40 sites in 2022
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InterviewsZizzi: ‘We are on a mission to become a superbrand’
The Italian restaurant operator told MCA it had sharpened its brand identity as part of its drive to become an omnichannel leader, with a new retail range launching in Tesco this week
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InterviewsOle & Steen: ‘There are huge opportunities for us’
The Danish bakery brand is investing in a multi-million bakery production unit which will give it the scope to open a further 60-70 new sites, MD Lee Nixon told MCA’s Food to Go Conference
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NewsHostmore has keen eye on acquisition opportunities
The operator of Fridays and 63rd + 1st is looking for proven concepts with a cuisine that offers something different to the mass market, CEO Robert B Cook told MCA
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InterviewsLeon: ‘EG deal has really opened up opportunities for us’
MD Glenn Edwards told MCA’s Food to Go Conference the brand’s two sites in petrol forecourts are doing “phenomenally well”, with the company planning to do more of those this year, in addition to traditional high street stores
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NewsState of Play secures $35m of growth capital
The operator of Bounce ping pong venues, and modern bingo concept Hijingo, is looking to accelerate its expansion in Europe and the US, including the roll-out of Flight Club which it operates under licence in North America
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NewsNightcap revenues up more than 700%
The late-night bar group has seen like-for-like growth of 24.8% for the nine weeks ended 27 February 2022, compared to 2020, and has readied itself for “fast and sustainable growth” this year and beyond
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NewsHostmore reduces losses following year of growth
The operator of Fridays and 63rd + 1st saw strong like-for-like (lfl) growth last year, but in the eight weeks to 27 February 2022 lfl sales were down around 3% on 2019 levels
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NewsNew chairman at Hostmore
Neil Johnson is due to be replaced by Gavin Manson, following the group’s AGM in May
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Analysis & InsightRestaurants’ like-for-like sales up 9% in February
Bars also saw strong growth of +7%, as they benefited from the scrapping of vaccination passports, but pubs fared less well, according to the latest Coffer CGA Business Tracker
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InterviewsGail’s: ‘Holy grail property deals are few and far between’
Competition for prime sites is strong, and unless you are offering something new you may miss out, says property director Brett Parker
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NewsIn pictures: Rekom opens debut Heidi’s in Cardiff
The late-night operator has brought the Scandinavian brand to the UK as part of its wider growth and acquisition strategy
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NewsWasabi targeting suburban growth as part of portfolio expansion
In accounts just published for the group, Wasabi said its business model had undergone significant changes as a result of the pandemic.
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NewsPret appoints new food and coffee director
Katherine Bagshawe joins the business from Dobbies Garden Centres, where she was head of restaurants
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NewsBurger King suspends corporate support in Russia
The fast food chain announced that it has suspended all of its corporate support for the Russian market, including operations, marketing and its supply chain
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InterviewsPret: ‘We are trying to be nimbler and more data led’
Speaking at MCA’s Food to Go Conference, Lucy Winzer dicussed Pret’s more unconventional sites, such as Southgate petrol station and its takeaway and delivery only site at Cobham