All news articles – Page 159
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NewsSubway’s US restaurant locations hit lowest level since 2005
The brand closed 571 restaurants in America in 2022 and operates more than 20,000 across the country, Business Insider reports
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NewsPub shares tipped for a royal boost from the Coronation
Analysts predict Fuller’s, Mitchells & Butlers, J.D. Wetherspoon and Fever Tree will do well out of the special Bank Holiday weekend
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NewsAB InBev blames social media ‘misinformation’ for backlash against Bud Light
The best-selling US beer has been hit by a rightwing boycott following a promotion by transgender influencer, the Financial Times reports
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NewsAnger over Hornby’s pay mounts
The activist investor seeking an overhaul at The Restaurant Group has won the backing of an influential shareholder advisory group in protesting at chief executive Andy Hornby’s pay package, The Times reports
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NewsPrezzo tells creditors to swallow a slice of its £70m liabilities
The Italian chain is facing liabilities totalling £70 million as a result of losses sustained by the 47 unprofitable restaurants it closed last month, The Times reports
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NewsSSP expands into US with Midfield deal
The acquisition will add $100m ((£79m) to the travel concession group’s top-line revenue
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NewsOpenings of the week
Arc Inspirations, Fat Hippo, Sticks ‘n’ Sushi and the reopning of the Bellanger are among the top stories this week
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NewsInnovative customer experiences at The Pub Conference
The leaders of Laine Pub Company, The Alchemist, Darwin & Wallace and Inception Group will discuss the experiential elements of their venues
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NewsOpening hours extended for £350m Coronation weekend
Licensed premises in England and Wales will be able to remain open until 1am throughout the long weekend
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NewsPrice of fish and chip takeaway up by a fifth
The average cost of the popular takeaway dish is now £9, with the price of oil, potatoes and battered fish having rocketed over the past 12 months
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NewsWolfox to expand Pelicano Coffee
Brighton & Hove cafe and restaurant group Wolfox acquired Pelicano at the end of last year, giving it a colleciton of nearly 30 sites
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NewsKFC UK & Ireland grows share of sales
Yum! Brands’ UK KFC business now accounts for 7% of all systemwide KFC sales - up 5% in the first quarter ended 31 March 2023.
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NewsTips Bill due to come into force next year
A new law designed to ensure hospitality staff receive all the money left to them in tips by customers will likely come into force in 2024, the government has announced.
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NewsDomino’s achieves strong like-for-like growth
The pizza delivery business reported like-for-like sales growth of 10.7% for Q1 2023, excluding the change in the VAT rate, with momentum continuing in the second quarter. On the back of continued confidence it has announced a new £20m share buyback programme.
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NewsNQ64 secures £10m facility for share buyback and expansion
The arcade bar operator has secured support from alternative lender ThinCats to buyback Imbiba’s minority shareholding
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NewsBlack Sheep Coffee planning 70 new openings over next year
The coffee shop business has been expanding its franchise business, with upcoming openings at UK airports and achieved positive adjusted-EBITDA for Q1 in 2023
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NewsRestaurant Brands International reports strong global sales growth
The Canadian-based restaurant group, which operates Burger King, Tim Hortons, Popeyes and Firehouse Subs, reported global like-for-like sales were up 10.3% in Q1 2023
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NewsBlack Sheep Brewery to appoint administrators
The North Yorkshire brewer and pub operator has been unable to secure new investment after being hit hard by the pandemic and rising costs
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NewsPrezzo braces for landlord showdown over restaurant closures
Prezzo’s restructuring plan will be voted on by creditors later this month after it announced the closure of a third of its 143 sites, Sky News reports
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NewsHostmore looking to capitalise on heritage of TGI Fridays
The group is looking to drive sales in its core restaurant estate by tapping into the strong awareness of the TGI Fridays brand – which it is bringing back – as well as a focus on boosting drinks revenue