All news articles – Page 22
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News
Turtle Bay CEO steps down
Nick Crossley is stepping down after four years, with chair Jane O’Riordan moving into an executive role while a new CEO is appointed
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McMullen’s acquires third Oakman pub
McMullen’s has taken on The Anchor in Hulbridge, and expects to announce another London freehold acuisition by the end of the month
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SSP Group sees UK sales up 9%
Positive trading momentum continued into the first quarter of the financial year, buoyed by strong air passenger numbers in the UK as well as less industrial action
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Richard Kleiner confirmed as non-executive chair at Comptoir
Kleiner returns to the restaurant group after serving as non-executive chair between 2014 and 2022, following the return of Chaker Hanna
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Greene King MD departs after five months in role
MD of premium ventures Alex Dawson leaves amid a restructure of Greene King’s central support function, which could see 200 jobs made redundant
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Starbucks to enforce new ‘code of conduct’
Part of the coffee giant’s ‘Back to Starbucks’ turnaround strategy, the code prioritises paying customers and may see guests asked to leave if they do not make a purchase
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Vagabond toasts bumper Christmas
The wine bar group reported a 16.3% surge in like-for-like sales in the six weeks to 23 December, with plans for further investment and expansion
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Hotel Chocolat’s cafés boost growth
The premium chocolatier’s Velvetiser Café format recorded a 33% year-on-year sales increase
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GDK makes move into travel hubs
German Doner Kebab has opened its first train station restaurant, in London’s Victoria station, with a further 25 sites planned to open in 2025.
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Admiral Taverns tops licensee sentiment tracker
The community pub group has improved its scores year-on-year, taking first place among the largest, national pub companies, with an overall score of 7.7 out of 10.
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Sustainability progress at risk for independent restaurants
New research highlights a lack of support as the driver of a stark divide between larger hospitality companies and independent operators
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Almost Famous shutters estate
The burger restaurant brand has closed its three remaining sites in Manchester, Liverpool and Leeds, citing lingering Covid debt and rising costs
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Wingstop to open 20 new restaurants in 2025
Wingstop UK has revealed plans to open more than 20 new sites across the UK in the coming year, with at least ten confirmed by the end of June
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Diageo denies sale of Guinness
Responding to reports of a rumoured sale over the weekend, the drinks manufacturer has said it has “no intention to sell” either Guinness or its stake in Moët Hennessy
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Popeyes targeting a further +45 restaurant openings in 2025
The QSR brand, which achieved £150m in sales last year, is accelerating its medium target of 350 sites, with new openings planned in Birmingham, Leeds and Bristol among other major UK cities
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Urban Pubs & Bars reports record EBITDA
The 53-strong pub and dining group reported a 26% increase in EBITDA, to £8.7m, for the year to 28 April 2024, versus the previous year, with further growth to be supported by new £30m banking facilities.
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Fried chicken market still capable of ‘significant growth’
Britain’s insatiable desire for fried chicken could prompt further private equity interest in the QSR sector, Popeyes chief executive Tom Crowley told the FT
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Diageo weighs options for Guinness in portfolio review
The drinks group is considering options for the $10bn Guinness brand, Bloomberg reports
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Lane7 set to expand in UK and strike overseas markets
The boutique bowling alley operator is pushing ahead with international growth despite soaring costs, The Times reports
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WH Smith in secret talks to sell historic high street arm
London-listed WH Smith is in negotiations to sell the high street operation which opened its first store in central London in 1792, Sky News reports