All news articles – Page 149
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NewsActivist investors launch fresh attack on Wagamama owner
The salvo comes as The Restaurant Group’s finance chief steps down and its share price plunges by 20%, The Telegraph reports
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NewsHeavenly Desserts and Itsu in brand collaboration
The business has secured the exclusive rights within the dessert cafe sector to feature Itsu’s recently launched bao buns on the menus of its 48-strong store estate, MD Yousif Aslam tells MCA.
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NewsNew rail strikes ‘hammer blow’ to sector
The RMT union has announced 14 rail companies will go on strike on 20, 22 and 29 July
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Arcade Food Hall, Fish Game, The Table, and more
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NewsSarah Willingham: Dirty Martini deal was ‘quite uncomplicated’
The Nightcap CEO said aside from Dirty Martini’s debt-laden balance sheet, which led it into a pre-pack administration, the cocktail bar business was quite similar in terms of its P&L to the group’s existing businesses
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NewsArc Inspirations appoints new CFO and marketing director
The bar group has appointed Ciara Allan as its CFO following the departure of Tim Knockton, while Laura Lewis has been promoted from her role as head of marketing
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NewsThwaites in ‘strong position’ to regain pre-Covid momentum
The Lancashire-based pub operator and brewer reported a turnover of £108.8m for the year to March 2023, up from the prior year’s £96m
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NewsSSP revenues driven by air travel
UK & Ireland revenue remains at 94% of 2019 levels, driven by air travel due to the impact of industrial action on UK rail
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NewsWhitbread F&B sales recover in Q1
Whitbread has announced its Q1 FY24 trading update, with total revenue up 19% and total UK F&B sales 10% ahead vs FY23
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NewsNando’s launches apprenticeship scheme at 200 restaurants
Aimed at for school leavers and young people over 16, it covers customer service, team leadership and personal development
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NewsYO! to expand kiosk partnership with Tesco
The Japanese food brand opened its 300th site with the retailer this week, with a further 35 expected to open this year.
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NewsHigh Court rules in favour of PizzaExpress on insurance payout
The High Court has ruled in favour of a group of businesses seeking insurance payouts for Covid-related losses
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NewsInflation remains sticky at 8.7%
UK inflation has remained unchanged at 8.7% in the year to May, matching the figure recorded in April - with core inflation rising to 7.1%
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NewsTRG announces changes to senior team
Mark Chambers, currently CEO of Leisure & Concessions, will be replaced by Jonathan Knight as he takes over the CFO role from Kirk Davis
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NewsBoxpark’s new Boxhall concept gets green light
The approved proposals for the site in the Metropolitan Arcade building on Liverpool Street include 16 kitchen units, two internal bars, and a roof terrace.
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NewsAslef overtime ban to bring more disruption
Union members at 16 companies will initiate a ban on overtime from 3-8 July, as part of their ongoing dispute over pay.
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NewsHostmore makes non-exec appointment
Célia Pronto joins the TGI Fridays operator as an independent non-executive director. She also becomes a member of the audit and risk, nominations and remunerations committees
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NewsD&D London appoints advisors to raise new finance
Investor LDC has exited the restaurant and bar group and transferred its holding Beechbrook Capital, with D&D appointing Interpath Advisory to secure further long term financial support
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NewsAzzurri Group acquires Mexican chain Boojum
The restaurant group has acquired a controlling interest in Ireland-based Mexican fast-casual dining chain Boojum, from Renatus Capital Partners, and plans to bring the brand to Great Britain
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NewsHop Vietnamese to make regional debut
The Vietnamese QSR concept will open a further London site, on Bond Street, next month, before making its first move outside London with an opening at Manchester’s Trafford Centre in August.