All news articles – Page 1584
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NewsSermon eyes US expansion for Vapiano
Phil Sermon, managing director of Vapiano UK and the newly-appointed chief executive of the brand’s American business, will target expansion in the US with a focus on the Eastern Seaboard and the Midwest, he told M&C Report.
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Beannchor identifies growth concepts
Beannchor, the Northern Ireland-based leisure and hospitality group, has identified its “dive bar” format Cuckcoo and its Little Wing Pizzeria brand as growth concepts for expansion in the province and elsewhere in the UK and Ireland, M&C Report has learnt
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UK rollout planned for Yam Yam To Go
Bakerstreet Holdings, the Dutch owner of the Yam Yam To Go pan-Asian takeaway concept, hopes to expand the brand to between 10 and 20 outlets in the UK over the next three years, chief executive Henri Froeling has told M&C Report
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NewsStarbucks has four major growth opportunities
Analysts in the US have highlighted four major growth opportunities for Starbucks based on a presentation by global coffee chain’s executives, with the majority not directly involving its signature product
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NewsMarston's sells £90m portfolio for alternative uses
Marston’s, the brewer and pub operator, has announced that it has disposed of 202 pubs for £90m to NewRiver Retail Limited, a specialist REIT focused on the UK food and value retail sector, which intends to convert the portfolio to alternative uses
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Job centres 'let down industry'
Perceptions Group vice-chair Anthony Pender says he is “appalled” by the lack of promotion of hospitality jobs from careers advisors after a dozen industry employees carried out mystery visits at Jobcentre Plus outlets
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Jack: Marston's disposals mean long term earnings growth
Leading analyst Douglas Jack says he believes Marston’s repositioning of its pub estate should allow it to generate double-digit earnings growth over the long-term, although increased disposal activity led him to cut his pre-tax profit forecast for 2014 and 2015
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Creams Cafe outlines target cities
Creams Cafe, the dessert cafe operator, has outlined its target cities as it looks to grow to 40 UK sites by the end of next year
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NewsMarston's sells 202 pubs for £90m
Marston’s, the brewer and pub operator, has announced that it has disposed of 202 pubs for £90m to NewRiver Retail Limited, a specialist REIT focused on the UK food and value retail sector
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Stansted looks to ramp up F&B offer
Stansted Airport has issued a series of tenders for its major food & beverage concessions, as part of the £80m project by owners MAG (Manchester Airports Group) to transform its main terminal building
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Domino’s launches new consumer blog
Domino’s Pizza has launched a new consumer blog to house content around its brand, activities and promotions
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Traditional pubs need new definition in planning regs
The English planning system should create a new usage class for traditional pubs, since young people drink in a more restrained and responsible manner there, according to a new report published in Planning Theory & Practice
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PIRRS 'made more transparent'
The Pub Governing Body (PGB) has amended the Pubs Independent Rent Review Scheme (PIRRS), which examines pub rent levels, to make the system “more transparent”
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Call for pub rates burden to be eased
Readers of Publican’s Morning Advertiser, M&C Report’ssister title, are demanding that the Government takes action to reduce the burden of business rates on their pubs, and simplify the system
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Punch reiterates Sell and TP for Punch
Leading analyst Simon French has reiterated his Sell recommendation and 7p Target Price for Punch Taverns after its “slightly better than expected” trading update
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NewsFrench raises M&B Target Price
Leading analyst Simon French has reiterated his Sell recommendation for Mitchell’s & Butlers (M&B) but increased his target price from 301p to 365p, saying the company is “potentially a compelling turnaround story”
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Murchison vehicle folds
Alan Murchison Restaurants Ltd, which operated the Michelin-starred L’Ortolan restaurant in Berkshire, has been put into voluntary liquidation after running up debts of almost half a million pounds
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Sermon named CEO of Vapiano US
Phil Sermon, managing director of Vapiano UK, the Italian fresh casual dining concept, has been appointed as chief executive of Vapiano in the USA
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VAT and loss making sites impact West Cornwall
West Cornwall Pasty Company, the Gresham-backed retailer, has reported a decline in full-year turnover and a widening in pre-tax losses
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NewsLeon: Offer better than ever
Leon has said that its offer is “better than ever” and that its recent opening in More London is the closest it has yet come to achieving its dream of creating “fast food as it might be in heaven”