All news articles – Page 20
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Newsitsu ‘embraced technology too quickly’
Founder Julian Metcalfe said the brand would add more staffed tills back into stores, after rolling out 600 kiosks in six months
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NewsNightcap acquires Brighton i360 viewing tower
The Sarah Willingham-led late night group will operate the viewing tower and hospitality areas of the attraction, in a “fresh start” for the i360
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NewsSoBe Burger expects to have 50 restaurants by 2026
The Miami-inspired burger concept is accelerating UK expansion with the backing of Sessions, with plans to open three restaurants a month and reach 50 by the end of 2025
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NewsWagamama issues £330m in senior debt
As part of a refinancing and new capital structure, The Restaurant Group has been split up into three separate divisions. A source said there were no imminent plans to break up the group
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NewsSacha Lord calls for urgent action to prevent closures
Rising costs have already led to job losses, venue closures, and stalled expansion plans, according to the chair of the Night Time Industries Association
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NewsEG On The Move completes Applegreen UK acquisition
EG On The Move will own and operate c.151 petrol forecourt station locations, plus more than 200 foodservice concessions
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NewsDiageo faces profit hit over Trump tariffs
The drinks company is under pressure from new tariffs and has removed medium-term guidance due to uncertainty in many of its key markets
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NewsVarious Eateries encouraged by growing momentum
The group reported 9% revenue growth in FY24 and a solid start to FY25, including a strong festive period that reinforced confidence in its trajectory
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NewsDaisy Green grows turnover by 27%
The Aussie-style cafe-restaurant operator, which trades from 17 venues in London, generated turnover of £22.7m in FY24 and looks to continue investing in new sites
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NewsIncipio Group achieves 21% like-for-like growth
The bar group has also made a series of senior appointments ahead of its anticipated launch at a 39,000 sq ft space in London’s Olympia this year
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NewsBoxpark Shoreditch to remain open until September
Boxpark Shoreditch has secured a lease extension and will remain open until the end of September 2025, providing certainty for the 47 independent businesses operating at the site
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NewsSan Carlo Group expands international presence
The Italian restaurant group will refurbish its existing estate in the UK while making its US debt with a launch in Miami this spring
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NewsGrind grows coffee shop sales by 13%
The coffee shop operator and roaster has raised £10m in additional funding, after growing sales by 38% last year to £30m
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NewsNTIA brands 1p off pint a ‘laughable gesture’
Chief executive Michael Kill said the move failed to address the real financial pressures facing the hospitality and night time economy sectors.
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NewsTortilla secures new investor
The fast-casual Mexican restaurant group has announced that long-term backer Quilvest Capital Partners has sold its 20% stake to Auctor Group, as part of the winding down of its fund.
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NewsAdmiral Taverns sees profits up on last year
The community pub group reported an increase in underlying EBITDA for the year to 26 May 2024, to £59.7m, which it expects to exceed in the current financial year, supported by strong sales and investment in its estate.
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NewsLidl to open first in-store pub
The supermarket chain will open a pub within its store in Dundonald, near Belfast, offering capacity for 45 customers as well as an off-licence area
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NewsAlcohol duty cut this week will see ‘a penny off the pint’
Draught pints will see costs drop by 1p, albeit a new system to tax wines and spirits based on strength will also come into effect
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NewsLoungers takeover deal voted through
The all-day operator has reached agreement with Fortress on an increased and final offer valuing Loungers at £354.4m, with 93.5% of shareholders voting in favour
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NewsMission Mars revenue jumps 43%
The operator of Albert’s Schloss and Rudy’s Pizza Napoletana achieved total revenue of £31.6m in the three-month period ended 29 December, accompanied by strong festive trading