All news articles – Page 123
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NewsOodles accelerates Scottish expansion
The Asian fusion QSR brand has several locations planned in Glasgow and Edinburgh, and continues to build a strong pipeline while in the process of openings its first overseas location in Dubai
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NewsOrigin Coffee secures £3.1m investment
Led by Create Impact Ventures, with dairy brand Yeo Valley, the investment will help scale the speciality coffee company’s digital, direct-to-consumer, retail and wholesale channels
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NewsShoryu ramen returns to profit
The Torridoll-backed ramen concept posted net profit of £122k from a turnover of £10.8m
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NewsD&D London deal is ‘imminent’
Calveton and Breal Capital are set to acquire the restaurant and bar group, valuing it at about £60m including debt, The Times reports
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NewsNetflix to open bricks-and-mortar locations
The company is planning to open a network of stores offering retail, dining, and live entertainment, with the first to open in the US, followed by major cities around the world
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NewsCreams appoints new COO
Creams Café has appointed Oliver Rodbard as COO as the dessert restaurant chain embarks on the next stage of its national and international expansion
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NewsChipotle UK renews focus on building brand awareness
The fast casual Mexican chain reported revenue of £17.9m in 2022, with growth in the UK partially dependent on increasing sales and familiarity with the brand
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NewsCosta Coffee returns to profit
The coffee chain has reported its 2022 financial results with turnover of £1.1bn, alongside a focus on its omnichannel strategy to create the ‘Total Coffee Company’ proposition and further build on its international foundations
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NewsInvestor slams The Restaurant Group’s £506m price tag
Activist investor TMR Capital has slammed the price of the buyout deal for The Restaurant Group (TRG), claiming it undervalues the Wagamama-owner by around £100m
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NewsJeremy King on mission to revive chic restaurant Le Caprice
The restaurateur is back at Le Caprice for a second time after taking over the lease in August from previous proprietor Richard Caring
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News‘We won’t serve it’: leading UK chefs join campaign to cast farmed salmon off menu
Ethical concerns over sustainability and welfare have seen venues offering new choices to ubiquitous ‘chicken of the sea’, The Observer reports
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NewsWhy is Wagamama so popular? The secret to its success
With the noodle chain’s owner TRG poised for new ownership, The Sunday Times gets a taste of how it conquered Britain
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NewsVultures circle for Stonegate pubs
Funds are circling a portfolio of 1,000 British pubs as the country’s biggest operator grapples with the fallout from soaring interest rates on a multibillion-pound debt pile, The Sunday Times reports
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NewsPizza Hut Europe losses widen
The Yum! operated business reported a loss after tax of $126.1m (£103.7m) for the year ending 31 December 2022, widening from $12.6m (£10.3m) the previous year.
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NewsBurger King UK secures £35m investment
The Burger King master franchise business secured new funding from existing backer Bridgepoint, while confirming plans to add over 60 restaurants over the next two years. Meanwhile 2022 revenues were up 39% to £294.5m
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NewsQSR chains dominate UK’s most loved brands
Quick service brands feature more prominently in the UK’s top loved brands than any other restaurant category, with McDonald’s, KFC and Domino’s ranking the highest in the segment
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NewsLoungers reports consistent sales growth
The all-day cafe-bar operator reports like-for-like sales up 7.7% in the 24 weeks to 1 October 2023
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, including Chopstix, Bunsik, Pizza Pilgrims, Manahatta and more
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NewsBurger King UK: ‘Impactful change requires collective action’
CFO Tim Doubleday discusses how the burger franchise is evolving its business model to better align with ESG targets
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NewsBrakspear invests £2m in L&T estate
Brakspear will refurbish leased and tenanted pubs The Leicester Arms in Penshurst and The White Bear in Warlingham after signing agreements with Little & Large and Friendship and Beer