All news articles – Page 10
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Spring Budget a ‘missed opportunity’ to support hospitality
Operators, suppliers, and trade bodies from the sector criticised the lack of long-term, meaningful support, in particular the failure to reduce VAT and reform the business rates system
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Busaba appoints new CEO
The Alan Yau-founded Thai restaurant group has promoted its commercial director Winston Matthews to lead the brand
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Andrew Stones joins Kerb Ventures as MD
The former Be At One MD and Imbiba partner will lead Kerb’s food halls as they prepare to open in San Francisco and Berlin
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Gentlemen Baristas acquired out of administration
The London-based coffee shop chain, which entered into administration in January, has downsized its estate to two sites and been acquired for a sum of £785,000
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Darwin & Wallace reports ’challenging’ FY23
In accounts for the year to May 2023, the group said its premium, all-day offer made it firmly positioned to take advantage of any macroeconomic improvements
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Nando’s UK&I appoints Mark Standish as CEO
Standish takes over from group CEO Rob Papps, who had been leading the UK&I business on an interim basis
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Starbucks franchisee announces job cuts amid ‘challenging trading conditions’
The coffee giant recently reported “a negative impact” to its Middle East and US business due to “misconceptions” about its position on the Middle East war
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Starbucks appoints new UK store development director
Darren King previously spent over three years at Stonegate Group, prior to which he worked at Greene King
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Le Gavroche site attracts high profile chefs and international entrants
The fine dining restaurant completed its final service in January, and is attracting interest from a range of operators
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Andrew Walker appointed exec chair at Vapiano
Walker currently holds an NED position at Farmer J and previously spent 12 years at Pret a Manger, most recently as UK managing director
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Gaucho launches ‘VAT-free Fridays’
The steak restaurant group hopes to address both the call to abandon the ‘tourist tax’ and the Mayor of London’s campaign to bring back Friday trading in the capital
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Pizza Pilgrims secures B Corp status
The Neapolitan pizza business has announced its certification by non-profit global organisation, B Lab, joining over 1,500 businesses in the UK
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Japes secures first franchisee
The deep-dish pizza concept, which looks to provide a point of differentiation with its ‘London-style’ pizza, will open a venue in Camden Town this spring
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Greene King outlines ambitions for ‘Nation’s Most Loved Pub Brand’
As part of its ongoing business transformation, the group will place a customer-led approach at the centre of its offering while investing in the brand to increase customer reach and relevance
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Greggs hits £1.8bn sales
Total sales in 2023 were up 19.6% vs 2022, with like-for-like up 13.7% as the retailer reports its market share is at an all-time high and reiterates its ambition for more than 3,000 in the long term
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Vagabond undertakes restructuring process
The Imbiba-backed, London-based wine bar chain attributed the decision to legacy Covid debts, cost pressures, and the forced closure of the company’s Heathrow venue - albeit all other locations remain open and trading
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EG Group grows foodservice sales
The group reported £243m in foodservice sales in Q4, driven by its focus on pricing and operating efficiencies as well as the ongoing foodservice investment programme
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Young’s completes acquisition of City Pub Group
The deal will significantly strengthen Young’s’ presence in London and in new geographies, while bringing together two ‘complementary, culturally, strategically aligned’ businesses
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Noble Hospitality: ‘We’re always looking for new opportunities’
CEO Paul Sarlas and Chotto Matte founder Kurt Zdesar talk to MCA about growing the Angus Steakhouse and Alley Cats Pizza brands and the Nikkei concept’s launch in Manchester later this year
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Economic headwinds cause loss for Upham Group
The Hampshire-based premium pub operator grew sales to £18.4m but posted a loss of £780k for 2023