All news articles – Page 120
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NewsMCA relaunches flagship awards
MCA’s Hospitality Awards 2024, formerly the Retailers’ Retailer Awards, launched yesterday - with nominations now open
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NewsEG Group completes £2bn sale to Asda
The group has completed the sale of the majority of its UK & Ireland fuel, foodservice, grocery, and merchandise business to Asda and further announced a $500m Term Loan B add-on
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NewsHospitality driving uptick in company insolvencies
Accommodation and food service activities are among the industries that experienced the highest number of insolvencies over the last twelve months, with increases in the sector of 48%.
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NewsReal Brewing Pub Company enters administration
The pub company arm of Derby Brewing Company has entered administration, but will continue to operate two of its sites under a new, smaller pub company
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NewsByron estate drops to single figures
The burger chain was acquired in a pre-pack deal by Tristar Foods Limited in January, and has since closed its restaurants in Ipswich, Oxford and Norwich.
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NewsMcDonald’s: Saver menu drives market share
Accessibly priced combos have driven share in core day parts, while the McCrispy chicken continues to be highly popular in the UK, according to CEO Chris Kempczinski
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NewsOle & Steen appoints MD
Graham Hollinshead is formerly of SoHo House, Caravan, Starbucks and Rockwater
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NewsCosta Express grows sales to £348m
The self-serve coffee business installed 1,466 machines in 2022, but operating profit was down due to higher costs
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NewsPizza Express Club app hits 2m members
The loyalty scheme launched in December 2021 and is a key strand of the brand’s digital transformation and omnichannel strategy
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NewsPret sees opportunity for up to 3,000 US stores
The company aims to reach the 300-site mark in the US by 2028 as it accelerates expansion, according to Pret US president Jorie Bruffett
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NewsJason Cotta steps down as Ole & Steen CEO
Jesper Dixen, chief commercial officer for Denmark-based Lagkagehuset, will serve as interim group CEO as Cotta steps down after four years with the Danish bakery chain
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NewsHow ‘craft sake’ became the calling card of Britain’s coolest restaurants
Innovative brewers are giving Japan’s famous fermented drink a new sense of place
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NewsCap UK’s sugar supply to fight obesity, say campaigners
Environmental and health experts say the UK grows or imports two and a half times the population’s recommended intake
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NewsIssa brothers admit error in letter to MPs on Asda offshore ownership
The brothers have admitted submitting error-strewn evidence about the offshore ownership structure they created for Asda
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, including Wagamama, ASK Italian, Big Mamma Group and Three Uncles
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NewsPret expands presence in Germany
The food-to-go chain is to open five new shops in Berlin, with Germany being a key market in its plans to double the size of its business by 2026
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NewsPunch Pubs reports strong full year results
The 1,248-strong pub operator reported like-for-like growth across divisions, with total revenue of £313.5m for FY23, up from £284.4m in FY22
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NewsKFC ends partnership with Deliveroo
The QSR brand will build on its own delivery service, alongside Just Eat and Uber Eats, after it was unable to reach an agreement with Deliveroo on commission rates
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NewsJKS revenues reach £50m
The Sethi family-run restaurant group nearly doubled sales in 2022, while EBITDA was £5.5m
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NewsFuller’s receives payout over business interruption claim
The pub company has won a £500,000 lawsuit against insurance giant Aviva for a business interruption claim during the pandemic