All news articles – Page 23
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‘Survive 2025’: Small businesses scramble to avoid collapse under Labour
Hospitality and retail sector employers say they ‘can’t magic money out of thin air’, The Telegraph reports
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KFC UK & Ireland appoints new general manager
Rob Swain is being promoted to general manager from 1 March 2025, with Meg Farren becoming president of North America at Yum! Brands’ sister company, Taco Bell
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Openings of the week
MCA rounds up this week’s biggest openings stories, including Joe & The Juice, Flat Iron, Pesto and more
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Tasty reports challenging trading amid restructuring efforts
The operator of Wildwood and dim.t reported a difficult second half of 2024 as the group grappled with declining consumer confidence, reduced spending, inflation and rising labour expenses
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Sainsbury’s to shut remaining cafes
The supermarket will close its 61 remaining company-run in-store cafés, and remove patisserie, hot food and pizza counters
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SSP unveils new concept Monty’s
Monty’s at Liverpool John Lennon Airport will accommodate up to 190 diners with cooked breakfasts, bagels, and waffles, while lunch and dinner offerings will feature smashed patty burgers, mac ’n’ cheese, hot dogs, milkshakes, and desserts
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Crêpeaffaire acquired for £149k in pre-pack deal
Directors Daniel Spinath and Allen Kerslake acquired seven UK sites as part of the deal, in Brighton, Bromley, Cambridge, Islington, Leeds, Newcastle and St Albans
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Stonegate’s managed pubs achieve strong festive like-for-likes
The company achieved like-for-like sales growth of 9.7% in its managed estate over the Christmas period, with its bars and venues seeing a 4.1% increase
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Drake & Morgan outperforms market over Christmas
The group reported 14.7% like-for-like sales growth over the five-week festive period
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Domino's introduces low calorie options
The pizza group has introduced loaded veg, veg with chicken, and a personal-sized thin & crispy base pizza, which aim to provide more balanced choices for customers
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Wogans determined to rescue Homeslice
Mark and Alan Wogan are working on a new structure for their pizza restaurant concept, which has entered into liquidation with debts of £2.5m
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Sessions expands SoBe Burger with six new openings
Sessions, the platform behind a growing portfolio of food brands, is continuing the expansion of its smash burger concept, SoBe Burger, with six new locations set to open in the next two months
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Shepherd Neame launches share buyback programme
The regional pub company is buying up and cancelling its ordinary shares up to a maximum of £0.5m in order to boost the earnings and value of its shares
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SSP CFO to step down
SSP Group has announced a leadership change as Jonathan Davies, CFO and deputy CEO, plans to retire after 20 years with the company
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Wetherspoons eyes move overseas
Sir Tim Martin said the company could open pub franchises in holiday destinations popular with Brits, such as Alicante, Benidorm and Majorca, but may also target winter sun destinations
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Cabana secures future with management buy-out
Ed Standring has completed a management buy-out of the Latin American-inspired bar and grill, via a new investment platform, Cherry Equity Partners, which is backed by an international family office
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Revel Collective reports slim uptick in like-for-likes
Late night sector “continues to be challenging” for the Revolution bar operator, but there were standout performances from Peach Pubs and Founders & Co.
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JDW reports like-for-likes up 5.1% in year to date
The pub company reported like-for-like sales growth of 6.1% over the three weeks to 5 January 2025, with chairman Tim Martin stating it was “confident of a reasonable outcome for the year”
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Camino to open three new restaurants in London
Tapas bar and restaurant group Camino has acquired two remaining Iberica restaurants in London, marking the end of the Iberica brand on the high street.
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Knoops appoints former Hotel Chocolat chair as non-exec director
The chocolate drinks brand, which achieved 22% like-for-like sales growth over the five-week Christmas period, has appointed Andrew Gerrie to its board