All news articles – Page 211
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Domino’s appoints Elias Diaz Sese interim CEO
He brings over 20 years’ experience in leadership roles in global consumer food brands and franchise businesses
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James Watt: Mini-budget could cost millions of jobs
The comments come as the Bank of England said it would “not hesitate to change interest rates” to rein in inflation
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SSP sees passenger numbers rebound
The travel concession operator said trading had recovered to near 2019 levels
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Dishoom sees significant increase in revenues
Trading growth has continued during 2022 and guest numbers have returned to pre-Covid levels at the Indian restaurant group
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JD Wetherspoon seeks to offload 32 pubs
CBRE and Savills are marketing the properties, which comprise a mix of 10 freehold and 22 leasehold units, and are being considered for sale either individually, in small packages or as a portfolio
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Soul Foods secures ‘significant minority investment’
The UK and Canada-based KFC, Starbucks and Taco Bell franchise secured the investment from Centerbridge Partners, Metric Capital Partners, and OpCapita
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Brewhouse & Kitchen: ‘2022 has been extremely challenging’
The group reported a loss before tax of £1.9m for the year to 25 September 2021, with 2022 challenging due to extra cost pressures
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Truss to review visa scheme
The PM is to launch a major review into Britain’s visa systems in a bid to try and alleviate the acute labour shortages in industries such as hospitality, it has been reported.
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Brighton Pier Group’s sees bar sales up
The group’s Bars division achieved revenue of £11.2m in the 52 weeks to 26 June 2022, compared to £1.3m in 2021, with like-for-like sales up 21% on pre-Covid levels
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Hospitality sector: mini-budget judged a missed opportunity to help
Freeze on alcohol duty welcomed, but lack of new measures to support struggling businesses disappoints, The Guardian reports
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Liz Truss plans to cut taxes further in the new year
The Government is preparing to end a sugar tax on soft drinks, The Telegraph reports
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Jobs in bars, nightclubs and live music venues at risk this winter
Industry bodies warn, claiming mini-Budget has ‘completely missed mark’, the Mail on Sunday reports
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Business chiefs hail ‘first Conservative budget in 20 years’
JD Wetherspoon founder Tim Martin said the Chancellor has been “very pro-business” in the mini-Budget but called on him to go further, The Telegraph reports
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Pub operators warn alcohol duty relief may not stop closures
Businesses face a battle to survive this winter, the Financial Times reports
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In pictures: MCA’s Restaurant Conference 2022
Taking place at on 22 September, the conference featured big name speakers from McDonald’s, Nando’s, The Wolseley Hospitality Group, JKS, Heart with Smart Group, Mowgli and Caravan
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Disappointment over Chancellor’s mini-budget
Interventions on alcohol duty and National Insurance were welcomed, but the industry expressed regret at the lack of sector-specific and long-term support - particularly on VAT
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Openings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from D&D London, Marugame Udon, the Salad Project, and more
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PizzaExpress appoints first channel and international director
Chris Holmes will lead the international, delivery and retail business of the brand in this newly created role
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Creams launches support package for franchisees
The emergency measures, which include a reduction in royalty fees, are aimed at supporting partners through inflationary pressures
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Woman dies after eating Pret wrap
The company has taken “significant steps” involving its suppliers and labelling policies since Celia Marsh’s death