All news articles – Page 207
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NewsScoffs continues trading momentum
The Costa Coffee franchise saw turnover grow 50% in 2021 to £35.8m, as it targets 20 new openings a year
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NewsGreene King acquires Hickory’s
The pub company plans to leverage its scale and accelerate the national roll out of the smokehouse restaurant brand with “significant growth” over time
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NewsMarston’s 2022 sales hit by Omicron
The pub company saw an improvement in the last 10 weeks of the financial year, with like-for-like sales 3% up on 2019
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NewsPizzaExpress ends exclusive delivery agreement with Deliveroo
The casual dining brand will now be available on rival platforms Just Eat and Uber Eats in order to expand its reach to more customers
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NewsItsu achieves restaurant EBITDA increase of +160%
The Asian food brand said it expected shop sales in H2 2022 to match 2019 sales on a like-for-like basis, which it described as “a significant achievement”
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NewsCooks Coffee announces £1.5m capital raise
The Esquires and Triple Two Coffee franchise operator has announced a planned £1.5m fund raising in conjunction with its proposed admission on the Aquis Stock Exchange
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NewsInsolvencies rise as companies worry about energy bills
The number of companies going insolvent in England and Wales hit 5,629 in the second quarter of 2022, the Evening Standard reports
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NewsGoodbye WFH, hello WFP (that’s working from pub) this winter
Pubs face a tough time as the cold bites, but can cater for laptop workers wanting to save on their own bills, The Guardian reports
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NewsGreggs’ current trajectory and value is looking tasty in the cost of living crunch
Greggs sales are up, and the baker plans to open 150 new stores as low prices tempt customers, the Mail on Sunday reports
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NewsConfidence slumps around the globe as cost of living crisis bites
According to the Brookings-FT tracking index, high food and energy prices have fuelled pessimism, the Financial Times reports
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NewsGreene King adds ESG to list of strategic drivers
The change will mean the pub operator and brewer will place an even greater focus on supporting communities, giving people better lives and reducing environmental impacts
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NewsTim Martin: ‘We take the McDonald’s approach to menu development’
While several of JD Wetherspoon’s new menu items have been selling well, it’s more about small tweaks rather than a radical overhaul, its chairman tells MCA.
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NewsWhitbread announces £15m pay increases
The Beefeater and Brewers Fayre operator’s pay package will support UK-based hourly-paid staff, in recognition of the increased in the cost of living
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NewsPizza Hut Restaurants: The ambiguity of the model is a positive
The fact the brand is hard to categorise is a positive in terms of its ongoing evolution, says Heart With Smart Group CEO Jens Hofma
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NewsRichard Hodgson to speak at MCA’s Omnichannel Conference
The YO! CEO will discuss the brand’s transformation from a conveyor-belt restaurant to an omnichannel business
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NewsShadi Halliwell leaves PizzaExpress
The chief customer officer spearheaded the brand’s vibrant brand refresh ‘deliciously different’ and the debut of its loyalty programme PizzaExpress Club
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NewsTim Martin: ‘Momentous challenge’ to lure customers back to pubs
The Wetherspoon chairman described a “painstakingly slow” recovery after lockdown, as the pub company posted a loss of £30.4m
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NewsOpenings of the week
MCA rounds up this week’s biggest openings and announcements, with new venues from Los Mochis, Clays, Humble Grape, Exhibition, and more
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NewsTortilla: ‘The potential is there for +200 sites’
New whitespace mapping has shown the potential for more than 200 UK Tortilla sites, CEO Richard Morris has shared.
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NewsJollibee to maintain UK openings programme
The Filipino fast food chain recorded a loss of £4m in the UK last year, with VP market head for Europe, Adam Parkinson recently stepping down from his role