All news articles – Page 10
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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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NewsTopgolf sold for $1.1bn
The figure is just over half of what Callaway paid to acquire the business in a $2bn deal in 2020, with Leonard Green Partners now taking over
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NewsTGI Fridays strengthens management team to take UK business to ‘new heights’
Sugarloaf, the owner of TGI Fridays UK, has appointed Giles Fry as chief operating officer after acquiring the business last month
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NewsKERB launches campaign to support independents
KERB’s Seven Dials Market in Covent Garden will offer meals priced at the amount that each trader takes home as profit to spotlight the pressure on operators’ margins
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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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NewsUrban Baristas partners with Walia Capital founder
The Aussie-inspired speciality coffee chain has signed a multi-site development deal with Aary Walia, founder of Walia Capital and Anytime Fitness franchisee, with a new site secured on Bermondsey Street.
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NewsNEOS Hospitality appoints new property director
Tony Palmer joins the bar group from Giggling Squid where he had served as property director at the Thai restaurant group since August 2024.
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NewsGail’s owner eyeing up new investors
Bain Capital is understood to be exploring opportunities for further investment in the fast-growing bakery chain, with Goldman Sachs retained as advisers.
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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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NewsYoung’s launches share buyback programme
The pubco has launched a share buyback programme to reduce the company’s share capital, following its trading update last week
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NewsPopeyes UK marks 100-site milestone
The company remains on track to open nearly 50 sites this year, with its 100th location set to open at London Bridge station next week
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NewsShepherd Neame calls on government to back businesses
Speaking to The Sunday Times, CEO Jonathan Neame said the rise in employment costs had curtailed growth and forced price increases, while making new entrants to the job market less appealing to hire
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NewsStonegate eyes £1bn sale of 1,000 sites
The group has held talks with advisers about calling time on prime freehold properties as it battles to bring down debts of more than £3bn
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NewsCosta Coffee bidders dwindle as private equity firm KKR pulls out
City sources say owner Coca-Cola is unlikely to recoup the £3.9bn it paid for the chain in 2018 after putting it up for sale earlier this year
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NewsWetherspoon braces for fruit machine tax raid hit
Sir Tim Martin’s pub group finds itself in the middle of a stand-off between Rachel Reeves and the gambling industry
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring new details on Hawksmoor’s upcoming martini bar, the revival of Simpson’s Tavern, and a new experiential football concept
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NewsSunday app raises £16m in Series B round
The payment platform from the founders of Big Mamma Group is looking to expand internationally and into new restaurant segments such as fast-casual and fine dining