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All articles by James McAllister – Page 11
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NewsThe Coconut Tree sold out of administration
The Sri Lankan restaurant group has been acquired by a connected company with all seven restaurants set to continue trading
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NewsAzzurri: ‘Dave’s Hot Chicken has totally smashed our expectations’
The viral fried chicken brand’s recent free sliders promotion proved so popular it led police to temporarily close the group’s sites in London, Manchester and Birmingham, according to Azzurri CEO Steve Holmes
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NewsRising taxes hit Anglian Country Inns’s bottom line
The group has reported an 8.4% sales rise in its latest financial results, but operating profit fell by around a quarter amid a ‘continual and disproportionately high tax regime’
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NewsChaiiwala signs multi-unit deal with Splendid Hospitality
The partnership will see the Indian café brand triple its footprint in Nottingham with a new drive-thru and shopping centre location both set to open within the next month
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NewsYolk’s London estate reduced as CVA approved - updated
The food to go brand has closed three sites across London having undergone a company voluntary arrangement (CVA), which founder Nick Philpot called a ’tough but necessary reset’
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NewsThwaites toasts ‘strong performance’ in half-year results
The family brewer and regional pub operator says it has delivered ‘an excellent set of results given the circumstances’ with turnover and profit both up
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NewsBeijing-based investor considering Costa bid
Centurium Capital, which is a major shareholder in China’s largest coffee chain, Luckin Coffee, is considering a bid for the Coca-Cola owned UK coffee company
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NewsLib Dems call for hospitality VAT cut at budget
The party has called for VAT on the sector to be cut to 15%, saying too many people have been ‘priced out’ of ‘small joys’ like a restaurant meal
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NewsThe Coconut Tree appoints administrators
The Sri Lankan restaurant group is facing insolvency proceedings having defaulted on its company voluntary arrangement earlier this year
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NewsFuller’s sees ‘continuing momentum’ as revenue rises
The pub company says it has ‘outperformed the market’ in its half-year results with like for like sales growth of 4.6%, and a 28% increase in adjusted profit before tax
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InterviewsYard Sale Pizza ‘open to exploring franchising’
Co-founder Johnnie Tate tells MCA the Piper-backed pizza delivery brand is having conversations about franchising and expanding outside of London having recently appointed Stephen Hollis as CEO
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Analysis & InsightDiscretionary spending flat as consumers cut back pre-budget
While overall consumer card spending fell 0.8% year-on-year in October, hospitality and leisure saw modest growth led by rises in entertainment and travel sales
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NewsOver 300 businesses sign letter demanding support in budget
Major hospitality businesses including Big Table Group, Greene King, KFC, Loungers, Stonegate and Wagamama are among the signatories to UKHospitality’s open letter to the Chancellor
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NewsMcDonald’s to introduce further measures to protect staff from sexual harassment
Under an extended agreement with the equality regulator, the fast food giant will introduce a new safeguarding policy and refreshed sexual harassment training for restaurant managers
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Analysis & InsightIs it time at the bar for The Revel Collective?
Having launched a formal sales process and warned it’s at risk of running out of cash, MCA examines what the future may hold for the beleaguered pub and bar operator
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NewsBrighton Pier up for sale as revenue drops
Brighton Pier Group said it is ’actively exploring opportunities for the potential sale of some or all of its remaining assets’ as a result of the the impact of last year’s budget
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NewsRick Stein: ‘Putting national insurance up just stopped growth’
The chef and restauranteur has told The Standard he would like to see a moratorium on VAT in this month’s budget
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InterviewsLaine: ‘We’re built by young people for young people’
The Brighton-based pubco has launched its first site in Norwich under its Dead Wax brand as it continues to place greater emphasis on the Gen-Z market and data-driven expansion
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NewsDeep Blue Restaurants rebrands as Harry Ramsden’s Group
The move will see Deep Blue sites rebrand to Harry Ramsden’s as the group looks to consolidate operations and expand its reach both nationally and globally
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NewsShoryu Ramen Ltd sees like-for-likes sales fall as turnover drops and losses widen - updated
The Toridoll Holdings-backed Japanese restaurant concept says it’s on course to surpasses pre-pandemic baseline sales in 2026 despite like-for-likes falling 7.9% in its latest financial results