All articles by James McAllister – Page 4
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NewsThe Coconut Tree acquired for about £305,000 in pre-pack sale
The Sri Lankan restaurant group was acquired last week by a connected company led by two of its founders having fallen into administration after previously defaulting on its CVA payments
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NewsDubai burger slinger GOAT makes London debut
The trendy UAE-based brand has chosen Knightsbridge for its first international location with a promise to ‘raise the bar’ of London’s burger market
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InterviewsDes Gunewardena: ‘There’s definitely space for a 300-cover restaurant in London’
The D3 Collective founder says his new Olympia venture will combine elements of London’s German Gymnasium and Guastavino’s in New York
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NewsHospitality insolvencies flat ahead of budget
A further 265 accommodation and food service businesses collapsed in September this year, with RSM UK warning the future of many more will be dependent on the upcoming budget
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NewsVagabond launches direct to consumer platform
The bar group, which is backed by wine retailer Majestic, says the new platform will ‘bring its signature self-pour discovery experience into homes across the UK’
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NewsDes Gunewardena unveils plans for triple opening at Olympia
The renowned restaurateur will launch a 300-cover restaurant led by an all-female team alongside a speakeasy bar and events space at the landmark £1.3bn London redevelopment next spring
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NewsMiddletons acquired out of administration by existing shareholders
A sale of the steakhouse business and its assets will see all seven Middletons sites continue to trade, safeguarding the jobs of 159 employees
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InterviewsOn brand: how Martin Williams is Evolv-ing the D&D estate
Martin Williams has been inspired by the ethos and vision of Sir Terence Conran as he looks to grow the rebranded Evolv Collection through four flagship brands
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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