All news articles – Page 16
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Hydes Brewery commences multimillion investment programme
The Salford-based pub operator invested over £4m in its estate in 2023 and has committed to a seven-figure investment programme through 2024
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Apollo ‘in talks’ for Alshaya Starbucks franchise
The private equity firm Apollo Global Management is interested in acquiring a minority stake in the Middle East, North Africa and central Asia Starbucks, according to a Reuters report
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Rhubarb Hospitality Collection reports full recovery
The high-end restaurant company, which operates the F&B offer at venues including Royal Albert Hall and Sky Garden, reported £38.1m in turnover for 2022
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Krispy Kreme faces continued pressure on profitability in UK
CEO Josh Charlesworth said the doughnut chain is taking action to improve profitability as it reports lower volumes in the UK in FY23
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Honest reports double-digit sales growth in December
The strong performance has continued into 2024 with 12% like-for-like growth versus January 2023
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Gabby Logan to host MCA Hospitality Awards
The broadcaster and sports specialist will reveal the best concepts, companies and leaders at The Guildhall on 14 March
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Retail and delivery drive growth for Nero Group
In the UK, the Caffè Nero brand reported £200m in sales, representing overall growth of 10.1% between June to November 2023
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Westmorland boosts turnover and continues inward investment
The business, which operates service stations including Tebay, Gloucester, and Cairn Lodge, invested £6m in its estate in the year to July 2023
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Azzurri Group delivers revenue growth across brands
The ASK Italian and Zizzi operator has seen a 9.3% increase in revenues, and is continuing to invest at record levels with £22.2m of capital investment in 2023
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F1 Arcade: ‘The potential of AI is legitimately exciting’
The competitive socialising concept is trialling the use of artificial intelligence across departments, exploring how it can enhance productivity, operational intelligence, and consumer engagement
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SSP acquires ARE in Australia
Airport Retail Enterprises operates 62 airport outlets in Australia with anualised sales of around £100m
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Bangerz ‘n’ Burgerz enters liquidation
The burger and hot dog restaurant previously had seven sites along the south coast, with 7Bone taking over its Brighton site last year
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Delivery drivers to strike on Valentine’s
Thousands of riders working for Deliveroo, Just Eat, Uber Eats and Stuart intend to stop working as part of an unnoffical strike over pay on Wednesday from 5-10pm
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Lavval Group unveils new concept, A Braccetto
From the family business behind Spaghetti House, the Earl’s Court restaurant will focus on classic regional dishes, including fresh and artisan pastas, lightweight Romana pizzas and seasonal specials
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Why cash is king at London’s best pub
While businesses large and small have gone card-only, The Telegraph explores how some are keeping regulars coming back by protecting the use of cash
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Oakman to demerge Seafood Pub Company
The ten-strong pub concept, which was acquired out of administration in 2021, will continue under the sole ownership and direction of former Oakman CEO Dermot King
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Openings of the week
MCA rounds up the week’s biggest openings stories, including Nando’s, Bunsik, Sticks ‘n’ Sushi, Amorino, and more
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Arc Inspirations, ETM Group and Regional Taverns partner with the NFL
The venture will see the three sports-led hospitality operators offer fans watch parties, activations and competitions to bring in-stadium entertainment to the bar
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Rare Restaurants achieves double-digit turnover growth
The Gaucho and M operator saw revenues reach £75.3m in 2023, and continues to grow its brands with a pipeline of 30 locations
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Schofield’s tops Top 50 Cocktail Bars
The Manchester bar, which is run by brothers Daniel and Joe Schofield, topped the annual list having been a regular on it since opening in 2021