All news articles – Page 144
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Sexy Fish, Tortilla, Chopstix and more
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NewsUKH pushes government on energy bills support
UKHospitality CEO Kate Nicholls has urged business secretary Kemi Badenoch to work with the British Business Bank to change CBILS terms
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NewsBrewdog: ‘Our roots will always be in hardcore craft beers’
Brewdog CEO James Watt has revealed his vision to create a top five global beer brand, but says its roots will always remain in craft beer
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NewsMajority of households reduce spend on eating out
According to a report by IGD, 76% of lower income households are reducing spend on eating and drinking out, with 68% reducing the amount of food and drink consumed
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NewsWomen’s World Cup set to bring £115m to sector
Pub, bars and restaurants will generate £70.1m in drinks sales alone as the 2023 FIFA Women’s World Cup kicks off on 20 July, according to research by VoucherCodes
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NewsTampopo’s David Fox: ‘Standing still is not an option’
A constant focus on evolution in response to customer demand is the key to keeping a restaurant business moving forward, Tampopo founder David Fox tells MCA
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NewsC&C Group reports ‘encouraging performance’
The premium drinks company has issued an update ahead of its AGM today, with net sales revenue for its branded business up 10% in early FY24
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NewsHakkasan Group reports post-pandemic recovery
Revenue rose 121% to $71.8m vs 2020, with the group saying “a strong focus remains on the UK market” alongside global expansion
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NewsLate night levy extension ‘damaging blow’ for sector
The extension of the costly levy will be detrimental to the late night economy, according to UKHospitality.
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NewsDomino’s appoints CEO
Andrew Rennie will take over from interim CEO Elias Diaz Sese as chief executive, with effect from 7 August
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NewsRestaurant insolvency rate reaches decade high
A total of 3,347 eateries have been unable to pay their debts in the two years to March 2023, according to data from the Insolvency Service
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NewsMcMullen’s: Our London pubs are booming
McMullen’s co-managing director Heydon Mizon tells MCA that business is booming in the capital, after reporting the group’s highest annual turnover to date.
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NewsBerry swaps Wolseley for Azumi
The Wolseley Hospitality Group director of marketing Hannah Berry is leaving the business to join Azumi – the group behind Zuma and Roka
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NewsSeaside business should gear up for a bumper summer
Loungers is anticipating a record year at its seaside venues, with coastal restaurants performing 25% better than average
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NewsWetherspoon reports ‘continued improvement in sales’
The pub operator expects profits for the current financial year to be in line with market expectations, and an “improved outcome” for FY24
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NewsBig Table reports improved sales and profits
The Las Iguanas and Banana Tree operator posted EBITDA of £12.9m for FY22, showing it as a “resilient, efficient” business
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NewsYoung’s acquires three Marston’s pubs
The Libertine in Bournemouth, White Hart in North Chippenham and White Lion in Tenterden are from Marston’s premium Revere division
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NewsLoungers to accelerate to 34 new openings a year
The all-day cafe-bar operator has identified potential for at least 600 Lounges across the UK, as it reports record revenues of £283.5m
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NewsFood and fashion collabs offer untapped potential
Off the back of clothing ranges from Five Guys, Shake Shack, Wingstop and Greggs, MCA explores how restaurant and fashion tie-ups could be a smart lever to pull for businesses looking to boost brand visibility
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NewsPub People boosts freehold estate
The Downing-backed, Mark Crowther-chaired operator acquired six freeholds from Stonegate in June 2023