All news articles – Page 1525
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Yummy pubs must take £1m to 'stand still'
Yummy Pub Company, the four-strong London-based pub operator, needs to take “£1m-plus” per site per year to make its pubs sustainable, up from £750,000 just six years ago
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NewsFY lfls drop 1.6% at Tragus
Tragus, the Café Rouge, Bella Italia and Strada operator, saw like-for-like sale decline by 1.6% in the year to 2 June 2013
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W&H could diversify
Whiting & Hammond, the eight-strong, south-east based multiple pub operator, would look to double in size over the next 10 years and could enter the hotel, brewing or outside catering markets, managing director Brian Whiting told the Casual Dining Show
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Vintage Inns focuses on pie appeal
Ahead of British Pie Week starting on Monday, Vintage Inns has released the results of a survey showing it sells 1.6 million pies across its 200 sites each year
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SSP announces apprenticeship drive
SSP is recruiting 800 apprentices in 2014, 20% of which will likely be candidates aged 16-18
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NewsPunch warns on default; trading in line
Punch Taverns has stated that it would default on its debt payments within 30 days of the 15 April covenant testing date if it fails to achieve its restructuring plan, and warned of the “material negative impact on the business” if its plan is not approved by stakeholders
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FY EBITDA up at Food & Fuel
Food & Fuel, the operator of London-based gastropubs and bars headed by former Spirit boss Karen Jones, saw EBITDA climb 2.8% to £655k in the year to 2 June 2013
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NewsDomino’s UK FY lfls up 7%
Domino’s Pizza Group has this morning reported like-for-like sales growth of 7% across its 670 UK mature stores during 2013 and announced it had entered into an agreement to purchase the minority shareholding in relation to its German business
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NewsWhitbread Q4 lfls accelerate to 6.8%
Whitbread has reported a 4% rise in like-for-like sales for the 50 weeks to 13 February, accelerating to +6.8% in Q4 driven by a “particularly good Christmas” and “to a lesser extent” favourable weather comparatives in January
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NewsPub sales grow; profits flatline
Last year’s good summer helped boost pub sales, but increases to business running costs continue to hold back profit growth, new research shows
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NewsWelcome Break to invest in estate overhaul
Welcome Break is to invest in excess of £15m over the next two years converting 14 or 15 of its service stations to an airport-style model, writes The Times
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Hotcha sets out growth plans
Hotcha, the South West-based Chinese takeaway operator, has announced plans to open 150 sites in the UK over the next five years
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Maclay Inns develops BBQ concept
Maclay Inns, the Scottish pub and bar operator, is to launch a new pub concept featuring barbecue food and craft beer, M&C Report has learnt
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NewsFive Guys secures Lakeside site
Five Guys, the popular US burger chain, has secured a further site outside London, after exchanging on a unit at Lakeside Shopping Centre’s new £9m foodcourt in Essex
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NewsFatburger targets UK
Fatburger is the latest American burger operator to target a launch in the UK, with plans to open 20 outlets in Britain - and the same number for its Buffalo’s Cafe concept - over the next few years, chief executive Andrew Wiederhorn has told M&C Report
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NewsHofma: don't be a slave to fads
Restaurant chains need to avoid following all the latest fads and fashions and keep doing what they do best, Pizza Hut chief executive officer Jens Hofma has said
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Carl’s Jr eyes UK move
Carl’s Jr, the CKE Restaurants-owned US burger chain, is closing in on plans to make its UK debut, M&C Report has learnt
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NewsYO! secures Kensington site
YO! Sushi, the Quilvest-backed, Robin Rowland-led chain, has returned to the central London acquisition trail, after securing a site in Kensington High Street
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'Not every concept works outside London'
Not every successful casual dining concept in London will translate well to other major UK cities, Living Ventures chief executive Tim Bacon has warned
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Nose Ltd to launch “high class junk food” concept
Nose Ltd, the restaurant group led by Ged Lynch, will today launch Kitchenette, a new “high class junk food” format at its last remaining Felicini site in Manchester