All news articles – Page 209
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NewsRare Restaurants’ owner turns around £11m loss
Parent company Lomo Topco has announced turnover for the group, which operates Gaucho and M Restaurants, of £53m for the 53 weeks to 2 January 2022, up from £29.6m in 2020
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NewsIndividual Restaurants launches new Piccolo format
The operator of the Piccolino, Riva Blu, and The Restaurant Bar & Grill brands has opened three restaurants under its new Italian concept
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NewsGreggs continues to trade well despite challenges
Like-for-like sales in company-managed shops rose by 9.7% when compared with the same period in 2021
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NewsCaravan to take first steps outside London
Group CEO Laura Harper-Hinton speaks about embarking on a new expansion strategy and growing the offer at MCA’s Restaurant Conference
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NewsTortilla appoints people director
Holly Foot joins from Hostmore, where she was head of employee relations at Fridays
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NewsFuller’s appoints Sam Bourke to marketing role
The pub and hotels business has appointed Sam Bourke as its new retail marketing director, as it looks to improve the business’ existing brand, digital and in-pub marketing activity.
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NewsRevenue up but pre-tax profit down at Tortilla
The fast-casual Mexican restaurant business reported strong like-for-like sales in the first half of FY21 and into the summer, despite the impact of the heatwave and rail strikes
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NewsBurger King UK to acquire 74 franchise restaurants
The business, which has secured £110m in fixed-term financing, is to indirectly acquire the sites from its second largest franchise partner, through the acquisition of the Karali Group.
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NewsRedCat appoints new CEO
RedCat Pub Company has appointed Phil Birbeck as its new CEO after Chris Hill announced he was stepping down from the business.
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NewsOnly my growth plan will reverse Britain’s managed decline, says Truss
PM unveils cut to red tape for small businesses and vows to stick with her economic plans, in an exclusive interview in The Telegraph
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NewsCordon bleugh? Worms and crickets could soon be tickling French palates
Burgundy insect farm ramps up production to offer a meat-free future, The Observer reports
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NewsMcDonald’s Restaurants see strong profit uplift
The UK business achieved profit after tax of £113m for the year to 31 December 2021, compared to a loss of £19m in 2020, with like-for-like sales up in 2022
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NewsInnovation more important than ever in hospitality
Chefs and restaurateurs at MCA’s Restaurant Conference discussed the importance of offering a unique experience in a competitive marketplace
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NewsDes Gunewardena to leave D&D
D&D London’s chief executive Des Gunewardena is to step down from his role at the restaurant group, with co-founder, COO and deputy chairman, David Loewi appointed as interim CEO.
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NewsPret’s Guy Meakin to speak at Omnichannel Foodservice Conference
The interim MD will provide an exclusive presentation on the brand’s business transformation at the inaugural event
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NewsItsu’s Ganan Kanagathurai to present at new Omnichannel Foodservice Conference
The business’ UK CEO will give an exclusive presentation detailing Itsu’s expansion into different channels at the event on 9 November
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NewsPub and restaurant groups see share value plummet
Escalating energy costs combined with the impact on the economy from the government’s mini-budget has sent share prices tumbling further down
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NewsFlat Iron appoints interim people director
Former Big Table Group HR director Claire Clarke joins the London restaurant group following a three-month stint as interim people director at Loungers
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NewsIncipio achieves ‘all-time high’ turnover
The bar group recorded turnover of £14.9m for the 52 weeks to 26 December 2021, compared to £6.3m in 2020, and remains commmited to expansion within Greater London
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from KERB, Pizza Punks, Döner Shack, 200 Degrees, Tonight Josephine, and more