All news articles – Page 161
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Calls for VAT cut to halt string of nightclub closures
Ten nightclubs are closing every month in Britain as pressures continue to weigh on the sector, The Times reports
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No food and cheap beer fuel pubs chain’s growth
A northern pubs company is bucking a national trend of closures by acquiring locals that are close to calling last orders or are already boarded up, The Times reports
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Jamie Oliver cooks up a new restaurant chain
The celebrity chef is launching a new chain of upmarket restaurants in Britain, only a year after administrators finished winding up Jamie’s Italian, The Times reports
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Openings of the week
MCA rounds up this week’s biggest openings stories, featuring PizzaLuxe, Gail’s and more
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Sector ‘incredibly frustrated’ by timing of new train strike dates
The Aslef union has confirmed three 24-hour strikes will be held on 12 May, 31 May, and 3 June, involving 16 train companies
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Punch partners with Eden Project
The pub company has partnered with the Eden Project as part of a pledge to reduce its carbon footprint and increase biodiversity across its estate by enhancing its pub gardens
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Mowgli enjoys ‘strong year’ with significant revenue rise
The Indian street food restaurant group, founded by Nisha Katona, saw revenue up 214%, to £26.9m, in the full year to 31 July 2022
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First Night Time Economy Advisor appointed for West Midlands
Restauranteur Alex Claridge has been appointed to the role and will act as a champion for the region’s pubs, clubs, bars and restaurants
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Black Sheep Coffee makes MD promotion
The coffee shop business promoted Isobel Childs to the role of managing director, from finance director, earlier this month
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Punch acquires two community pubs
The company has added to its c1,300-strong portfolio, and is continuing to seek both packages and single-site acquisition opportunities
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Pubs looking to capitalise on Coronation
Pubs and breweries up and down the country are planning to host special events, brew limited edition beers and make the most of the extended opening hours
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Fuller’s to transfer 23 managed pubs to tenants
Following a strategic review, the pub company said the pubs will “thrive under an entrepreneurial tenant”, and deliver a better financial return
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Planet Organic closes four stores in pre-pack deal
The upmarket supermarket chain could axe its food to go offering as part of a rescue plan drawn up by its management team and investors
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Pret CEO won’t rule out further pay rises
Pano Christou said one of Pret’s main priorities was to look after its staff, and that further pay rises could well be on the cards if inflation continues at current levels
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TRG should ‘just own Wagamama’
Shareholder Irenic has called for The Restaurant Group to sell off all non-core assets, reduce debt and unlock the global potenital of Wagamama
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Tapas Revolution leaves deficit of £4.3m
The Spanish-inspired casual dining group, which trades from nine locations, was acquired in a pre-pack deal by company MD James Picton for £235,000
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Pret expands loyalty programme
The subscription service has been rebranded to Club Pret, and will now cost £30 per person and offer users 10% off food sold in Pret stores
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Pubs generate £26.2bn of GVA, Greene King report finds
Speaking at The Kings Arms in Mayfair on 24 April, CEO Nick Mackenzie introduced new research ahead of the King’s coronation
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McDonald’s reports consistent global sales performance
The fast food brand reported strong global sales growth across each of its market segments, with guest counts up across the world
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MJMK launches £1m crowdfund campaign
The group behind Casa do Frango and Santiago Lastra’s KOL is launching a crowdfunding campaign to raise funds for further growth, including a second concept