All news articles – Page 115
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McDonald’s ups stake in China business
The acquisition of investment firm Carlyle’s 28% holding in the burger chain’s China business will allow the corporation to “further benefit from our fastest growing market’s long-term potential”
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Nominate your leading operators now
Nominations are open for MCA’s Hospitliaty Awards 2024, formerly the Retailers’ Retailer Awards
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Which Wich makes fresh franchise push
The US-founded sandwich chain is looking for multi-site territory and single-site operators to reach 30 UK sites over the next three years
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Subway gears up to launch kiosks
Speaking to MCA earlier this year, UK MD Nigel Doughty said the enhancements will continue Subway’s move towards a more contemporary brand
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Punch Pubs secures hospitality heavyweight trio
After securing the services of Dame Karen Jones and John Colley earlier this year, Hamish Stoddart has been appointed to the Punch Pubs board
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Edition Capital backs Farmer J
Farmer J currently has 10 locations in London and looks to expand further in the capital, in the UK, and eventually internationally
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Tom Kerridge’s Pub in the Park organiser collapses, leaving debts of £3m
The event organiser behind chef Tom Kerridge’s Pub in the Park music and food festivals has collapsed
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Diageo’s new boss left shaken and stirred by sales gaffe
Plunging sales in Latin America have shocked investors and created a big headache for new boss Debra Crew
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Russian Carlsberg staff arrested after business seized
The boss of Carlsberg’s Russian business and a top manager have been arrested after the Kremlin took control of the beer company in the country
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London businesses call for Sunday trading changes
London businesses struggling with sales due to the cost-of-living crisis are calling on the government to relax Sunday trading rules in the capital
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Ian Payne MBE to retire
The Stonegate chairman and founder has decided to retire at the end of January 2024 and step down from his role with the group after thirteen years
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PizzaExpress launches on Just Eat for Business
The Italian casual dining chain is the latest restaurant partner on the corporate delivery platform, joining Pasta Evangelists, Wahaca and Yo! Sushi.
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Fresh train strikes will ‘devastate’ festive trading
UKHospitality chief executive Kate Nicholls has urged that a planned programme of walkouts between December 2 and 8, will cost the hospitality sector up to £800 million.
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Hawksmoor drives turnover with strong recovery
Revenue rebounded strongly in 2022 for the steakhouse group, with turnover up 107% to £73.9m, attributed to both maturing restaurant growth and new openings
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Openings of the week
MCA rounds up this week’s biggest openings stories, including Tortilla, The Halal Guys, Wingers, Wingstop UK, and more
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Starbucks opens biggest UK store in recent years
The new, large-scale site on Princes Street, Edinburgh is a step towards the coffee chain’s target to open 100 new stores in the UK this financial year
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Former Wear Inns pubs on the market
The portfolio of pubs owned by real estate investment firm Aprirose has entered into administration, with 25 sites coming up for sale
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Marston’s appoints new CEO
Andrew Andrea is stepping down as chief executive with immediate effect, and will be replaced by Justin Platt, chief strategy officer at Merlin Entertainments
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Parliamentary debate to be held over protection of heritage pubs
The debate, taking place in the House of Commons later today, will explore ways to step up protection for heritage pubs
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KFC to expand drive-thru estate
KFC is set to open 10 new branches in the next three months, comprising both drive-thrus and high street stores, as it targets the 1,500-site mark in the UK