All news articles – Page 224
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NewsCosta targeting 500 drive-thrus by 2025
The coffee shop business has just opened its 300th drive-thru, one of 60 planned to open in 2022 as part of a £20m investment in the format
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NewsGordon Ramsay Restaurants makes £6.8m pre-tax loss
The group, which added 10 restaurants to its portfolio in the last financial year, said it remained committed to its growth strategy
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NewsIn pictures: Gusto’s new-look Edinburgh restaurant
Gusto Italian has reopened its restaurant on Edinburgh’s George Street following a £250k redesign
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NewsKFC UK reports quarterly sales decline
In a financial update, Yum! Brands reported a quarterly sales decline of 8% at KFC UK & Ireland, and a 1% decline in the year to date
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NewsNightcap revenues soar beyond pre-pandemic levels
In its year-end trading update, the Adventure Bar group and Barrio Familia owner reported a 73.2% revenue increase in Q4 of FY2022, compared to 2019
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NewsGong cha appoints global CEO
Based out of London, Paul Reynish will be tasked with growing the bubble tea brand’s UK and European estate, with ambitions for a new site every day
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NewsGrubhub value slashed by half
Just Eat Takeaway has written down the value of its US subsidiary by €3bn, a year after buying the food delivery group
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NewsBaton Berisha to join Wolseley Hospitality Group as CEO
He leaves D&D London as MD after a “whirlwind romance” of just three months in the role, to join the group formerly known as Corbin & King. Meanwhile Zuleika Fennell is understood to be leaving her role as MD of the Wolseley group
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NewsMCA Restaurant’s Conference reveals stellar line-up
McDonald’s COO Gareth Pearson, Mowgli founder Nisha Katona and JKS Restaurants CEO Jyotin Sethi join the conference on 22 September
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NewsD&D revenues yet to return to pre-Covid levels
The restaurant group said revenues in the UK were at 91% of pre-Covid levels but that the business was well placed to “significantly scale up” in the UK and overseas
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NewsMcWin Restaurant Fund raises €500m
The fund, led by Henry McGovern and Steven Winegar – backers of Gail’s and Vapiano – has secured backing from the Abu Dhabi Investment Authority
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NewsRecession looms as inflation set to soar further
Inflation is predicted to hit 11% by the end of the year, combined with consecutive contractions in the economy each quarter
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NewsJust Eat reports 7% growth in revenue
The delivery service announced enhanced profitability and revenue growth in H1 2022, despite a post-pandemic decline in gross transaction value
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NewsCaprice Holdings appoints head of marketing
Simon Allison takes up the role following a year-long stint as head of marketing at Bill’s Restaurants, meanwhile Pedro Nunes has been promoted to ops director at The Ivy Collection
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NewsCafé Wolseley forced to close
The Wolseley Hospitality Group has announced it is having to close its Café Wolseley site at Bicester Village later this month, against its wishes.
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NewsGreggs to increase focus on customisation
The food to go retailer is to begin trialling customisable baguettes as it looks to expand its offer of flexible menu options for those customers using its digital channels
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NewsInquest begins into death of Pret customer
Pret A Manger has already been found ‘not guilty’ of the death of Celia Marsh in 2017, with inquest proceedings beginning this week
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NewsTortilla launches loyalty scheme
Members of the Tortilla Club can earn stamps and redeem rewards, including a free main of their choice one they have collected nine stamps.
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NewsComptoir CEO and chair step down
Chaker Hanna and Richard Kleiner have stepped down from their roles as CEO and chair, with immediate effect. It follows calls from Comptoir founder and creative director Tony Kitous for the pair to resign.
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NewsRed Oak secures £110m debt facility
The facility refinances Red Oak’s existing debt and provides fresh capital to drive future growth plans