All news articles – Page 18
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Domino’s 1.8% sales dip offset by Shorecal acquisition
The pizza group has sold 305 London stores sold to five different franchise partners for £35.1m, and has entered the second stage of its loyalty scheme trial
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Portobello Pub Co sees ‘clear opportunity’ ahead
The 27-strong premium pub group looks to maintain its current rate of growth, following the recent acquisition of Darwin & Wallace
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Clays secures new investment
The Imbiba-backed virtual shooting concept has completed a £6m fundraise and will make its regional debut in Birmingham this year
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Wingstop UK initiates sale process
Sky News reports that Goldman Sachs is understood to have begun issuing information about Wingstop UK to third parties in past weeks
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Julian Metcalfe joins Knoops board
The Itsu and Pret founder joins as a non-executive director alongside Alice Avis, as the chocolate specialist also secures EIS approval for a £5m fundraise
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Continued strong performance for Liberation Group
The premium pub operator and brewer saw a like-for-like sales uplift of 6.4% in H1, with growth driven by its food offer, breakfast and brunch trade, and strong occupancy
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Restaurant manager stole £21k after staff tips cut
The former boss, who fraudulently exploited Piccolino’s loyalty scheme, claims he shared nearly £11,000 with colleagues
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Krispy Kreme unveils new store design on Oxford Street
Innovative use of circular profile rings highlights the function and design of the space while creating a strong brand identity
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Papa Johns appoints Todd Penegor as CEO
Penegor, mot recently president and CEO at Wendy’s, has over 20 years of experience in the restaurant and consumer goods industries
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Punch Pubs: All divisions remain in growth
The Leased and Tenanted, Management Partnership, and Laine divisions all delivered like-for-like growth, with total revenue amounting to £241.5m
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Tonkotsu sees like-for-likes up 11%
The ramen bar concept reported turnover of £13.8m in 2023, up from £11.9m in 2022, for its nearly 18 sites as it continues to launch in new cities
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Edinburgh hospitality set for 30% sales uplift
Almost 250,000 people attended the Fringe and other festivals last year, which helped deliver a 30% increase in average daily sales for hospitality venues
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Continued volume-driven growth for XP Factory
The Boom Battle Bar and Escape Hunt operator has seen continued positive growth across both brands in Q1 FY25
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Hospitality welcomes reduction in interest rates
The Bank of England’s decision will help businesses return to investing in growth and pay back Covid debt, according to UKHospitality
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JKS Restaurants strengthens retail business team
Nihal Haria-Shah has been appointed finance director, with David Furze as operations director and Deepa Bulsara as marketing director for Gymkhana Fine Foods
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Wendy’s ‘holds steady’ in Q2
The QSR chain reported systemwide sales growth of 8.3% in its International segment as it looks to use the UK as a foothold for further expansion across Europe
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Uber Eats partners with GMB union
The partnership looks to improve health and safety in the industry, drive up courier engagement, and ensure earnings are fair
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Openings of the week
MCA rounds up this week’s biggest openings stories including Kaspa’s Desserts, Daisy Green, Chestnut Inns, Brother Marcus, and more
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ETM Group and Maven come together to launch ETM Collection
This unified approach will allow the group to leverage collective strengths, offering guests a diverse and cohesive experience across restaurants
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Hotel Chocolat to launch bakery and hot food offer
The premium chocolatier is to launch the new offer for the first time, as new owner Mars kicks off its store investment plans