All news articles – Page 119
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Selfridges rocked by financial crisis
The future ownership of Selfridges has been thrown into doubt by a crisis engulfing its Austrian co-proprietor Signa Group, The Sunday Times reports
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Beyond Meat cuts workforce as demand softens
The plant-based McDonald’s supplier plans to pursue a ”further, sizable reduction of operating expenses to improve our cost structure”
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Openings of the week
MCA rounds up this week’s biggest openings stories, including Young’s Pubs, Lucky Voice, Nando’s, Dishoom and more
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Papa Johns ‘confident’ in long-term potential of UK
CEO Rob Lynch said profits in the third quarter were impacted by the “dilutive impact” of recent UK acquisitions
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Christmas menu innovation
MCA rounds up the latest festive menu launches, exploring trends for indulgence, international flavours and some twists on classic Christmas dishes.
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Starbucks reports £30bn sales
Comparable same-store sales in the UK were “well above” historical averages in 2023, driven by higher profitability and productivity store formats, and elevated digital experiences
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Wendy’s pushes ahead with UK expansion
The QSR brand has added a new franchisee to the UK market, while its three existing franchisees have increased their development agreements, highlighting their “confidence in the long-term trajectory of the brand”
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Gavin Lilley joins Subway
Lilley has joined the fast-food sandwich chain as director of operations and L&D after holding various roles at Papa Johns UK
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Whitbread appoints new non-exec
Shelley Roberts, currently group chief commercial officer at Compass Group, will join the Beefeater operator as non-executive director
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Chopstix reports sales uplift for converted Chozen sites
Chopstix reported “exceptional results” for the Chozen Noodle sites it has converted to its core brand, with a close to 50% sales uplift post-conversion
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Yum! Brands sees strong Q3 momentum
KFC sales across Europe saw year-on-year growth of 13% in the quarter ending 30 September 2023, with the period also seeing record digital sales
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Coffee#1 posts record sales
Revenues were up 22% in the third quarter, while the neighbourhood coffee shop business posted a £1m sales week for the first time
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Wingstop UK sees ‘record sales volume’
The brand’s international markets are seeing double-digit growth, driven by transactions and outlet expandion in the UK business
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Glenn Edwards departs Leon
After more than 12 years at the food to go brand, Edwards is leaving to start a new role later this month
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Carlsberg denounced Moscow’s seizure of its Russian subsidiary
Carlsberg’s chief executive has said the Danish beer company will not enter a deal with Russia’s government
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Delivery and drive-thrus drive growth for McDonald’s UK
Despite its high street estate impacted by declining footfall, the fast food giant said like-for-like growth has been driven by other channels
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Blank Street keen to ‘bring energy back’ to coffee market
The New York-founded specialty coffee concept is on track to reach profitability next year, according to UK MD Ignacio Llado
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Buns from home strengthens senior team
The 12-strong London bakery has appointed John Brooks as operations director as it prepares for further expansion
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Various Eateries to expand Noci concept
The modern pasta concept continues to perform well, with H2 like-for-like sales at the first Noci site in Islington growing 23%
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New CFO at BrewDog
BrewDog has appointed James Taylor as its new chief financial officer, as Niall McCallum steps down