All news articles – Page 13
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Duncan Garrood joins Brighton Pier Group
The former Punch Taverns and Bill’s CEO is joining the leisure and entertainment group as a senior independent non-executive director.
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Subway borrows $3.35bn in record securitization
The asset-backed bonds will help fund the sandwich chain’s buyout by Roark Capital, with demand from investors vastly outstripping supply
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Greggs releases ‘yard-long’ sausage roll
Customers will be able to buy the bundle across 10 selected locations across the UK, including London, Glasgow and Newcastle for ‘national sausage roll day’ on 5 June
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Red Oak acquires 19 pubs from Marston’s
The tied tenanted pub package is the third transaction between the two companies in the last 15 months
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Greene King grows Nest Pubs estate to three
Nest Pubs is the second franchise concept from Greene King Pub Partners, following the success of Hive Pubs, the pubco’s first franchise concept which now operates in over 50 sites
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Nightcap passes on opportunity to make offer for Revolution
Nightcap stated today that at no point did it receive legal advice to suggest its non-binding proposal was not capable of being delivered, as Revolution said earlier this week
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Leon launches ‘UK’s cheapest’ coffee subscription
Roast Rewards will cost £25 a month for five barista-made drinks per day and a 20% discount on food, going head-to-head with Club Pret’s £30 subscription
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Wagamama to launch in India
The brand has partnered with Travel Food Services to open in Mumbai Airport - its 19th market - with the ambition for expansion in transport hubs across the country
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Robinson’s increases pub partner investment
The Stockport-based family brewer spent £2.3m on its pub partner estate, including three managed investments and an average of just under £200,000 per pub
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200 Degrees introduces automated coffee units
The Midlands-based operator has entered the market for premium automated coffee machines with the installation of its first Coffee 2GO unit in Nottingham
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Pret A Manger signs ten-year deal for Canada expansion
The UK-based food-to-go business has signed a developement agreement with restaurant chain A&W, following a two-year trial period
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Kaspa’s Desserts continues expansion with new UK flagship
The dessert brand is opening a new site in Southport, alongside its first branch in Marrakesh, Morocco, and two more sites to open in Rabat and Casablanca by the end of 2024
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Revolution shareholders urged to back fundraising plan
The pub and bar group warned without £12.5m equity fundraising, shareholders risk losing all their investment in the company
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Admiral Taverns acquires 37 pubs from Fuller’s
The portfolio of freehold, community, wet-led sites from Fuller’s Tenanted estate span London, Surrey, Sussex and Hampshire, and were sold for £18.3m
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Greene King delivers growth across divisions
Greene King has reported a 9% increase in group revenue to £2,375m in 2023, as the pubco continues to invest in strengthening its brands and building a stronger, more sustainable business
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Revolutions Bars rejects proposal from Nightcap
The group confirmed it had received a proposal on 17 May, which it concluded was incapable of being delivered due to material delivery risk
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Bear launches crowdfunding campaign
The Midlands-based coffee and lifestyle brand is targeting £2 million to support its national expansion after securing investment from Clark Group last year
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Costa to launch robotic coffee kiosk
The UK-based brand will partner with US hospitality group Delaware North to launch its new Costa Coffee Creations concept at Austin-Bergstrom International Airport in Texas
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Tory and Labour make pitches to hospitality sector
Hospitality minister Kevin Hollinrake MP and shadow minister for science Chi Onwurah MP seperately addressed business leaders about how they would support the sector in government
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Island Poké set to file for CVA
The food to go chain has called on insolvency and recovery firm Begbies Traynor to to submit a CVA applicaiton to the High Court, City AM reports