All news articles – Page 102
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NewsShareholders approve City Pubs takeover
Shareholders voted in favour of the Young’s deal by 99.69%, which values City Pub Group at £162m
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NewsYoung’s Christmas like-for-likes up 7.2%
The premium pub group recorded several of its best ever trading weeks, with some of the highest daily sales in Young’s history
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NewsXP Factory doubles revenues for second year
The experiential leisure business, which operates the Escape Hunt and Boom Battle Bar brands, reported group turnover of circa £44.5m in the 12 months to 31 December 2023
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NewsMooboo launches new speciality coffee concept
The bubble tea operator has announced a new venture which is set to debut in High Street Kensington, offering speciality coffee with an on-site roastery.
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NewsJust Eat order numbers slide
The UK and Ireland saw 1% sales growth in 2023, while total orders were down 2% in the region for the delivery platform
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NewsHospitality vacancies fall to 112,000, but remain higher than pre-Covid
Current vacancies remain significantly higher than the pre-pandemic levels of 89,000 as UKHospitality continues to call for reform of the Apprenticeship Levy
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NewsM&B ‘well positioned’ to grow profitability and market share
Mitchells & Butlers has announced a strong trading performance over the festive season, with like-for-like sales growth of 7.7% in the year to date, increasing to 10.1% over the five key festive days
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NewsRestaurant Brands International to acquire largest Burger King franchisee
Carrols Group, which operates 1,022 Burger King and 60 Popeyes restaurants in the US, will be acquired as part of the ‘Reclaim the Flame’ plan to drive sales growth and profitability
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NewsArchie’s launches new concept at Trafford Palazzo
Archie’s Atomic will combine the brand’s signature American-style food and décor with a roller rink spanning over 5,380 sq ft, alongside a family arcade area and shake bar.
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NewsFat Phill’s set to launch in UK
The Amsterdam-based smash burger concept has signed a franchise agreement with Freshly Baked, Auntie Anne’s UK master franchisee, to open 100 UK sites
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NewsNew train strikes will be ‘significantly detrimental’ to sector sales
It is estimated that a fresh set of strikes by the Aslef rail union will cost hospitality almost £350m, on top of the £4 billion in lost sales the sector has already endured
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NewsIndividual Restaurants posts £11.8m loss
The group, backed by the Iceland founding Walker and Dhaliwal families, blamed cost of living pressures for adversely impacting the premium dining market
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NewsPret reveals first kids’ menu in drive to expand customer base
The food to go chain has launched its first full menu designed for kids aged four to 10 years old as it looks to broaden its offer for families
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NewsComptoir CFO joins We Do Play
Michael Toon has joined the experiential leisure operator behind trampoline park Flip Out, Asian mini golf concept Putt Putt Noodle, plus numerous licensed cafes in retail
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NewsBrewDog CEO hits out at ‘ridiculous levels of criticism’
James Watt was forced again to defend his decision to withdraw from the real living wage, as a Unite petition to u-turn reached nearly 20,000
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NewsHostmore makes progress in turnaround strategy
The group is continuing to engage existing and potential new lenders in the refinancing process, with December LFL trading up 4%
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NewsFlat Iron toasts record sales
The steakhouse concept took £35.9m in 2023, with openings planned for Hammersmith, Manchester and Victoria in 2024
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NewsLittle Caesars promises ‘year of growth’
The pizza brand has opened its second UK site in Nottingham, with two in London and one in Liverpool to follow later this year
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NewsRekom UK to undergo restructure
The late night operator has filed a Notice of Intention (NoI) to appoint administrators, as cost-of-living pressures continue to impact its core young adult and student customer base
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NewsDrake & Morgan delivers record Christmas
Like-for-like sales were up 31.7% against the same period in 2022 at the 17-strong premium bar and restaurant group