All news articles – Page 250
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Pret secures new agreement for Irish expansion
An agreement of terms has been reached with existing franchise partner Carebook which will see 20 Pret shops opened across Ireland over the next decade
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Whitbread CEO forgoes bonus over furlough row
Last year the FTSE 100 group came under fire over bonuses after it took £370m in furlough payments and business rates relief which it has not repaid
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Ghetto Golf operator secures £5m from Imbiba
Big Fang Collective, which operates Ghetto Golf, Golf Fang and Birdies Bar brands, will use the funding to continue its UK expansion which includes seven new sites over the next two years
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Tortilla to accelerate expansion on the back of significant revenue growth
The fast-casual Mexican brand, which listed on AIM in October, achieved revenue growth of +79.5% in the full year to 2 January 2022, with its strong trading momentum continuing post year-end
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‘There are no staff’: desperate restaurants feel the heat as shortages bite
Stretched hospitality firms go to extreme lengths to find staff amid fears they will not cope with an influx of summer tourists, The Telegraph reports
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Surging costs hard to swallow for makers of the humble BLT
The price of a sandwich, a lunchtime staple eaten by millions across the UK every week, is poised to reach fresh highs as food costs soar, the FT reports
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As Britain learns to live with Covid, it faces a new pandemic of disruption
Staff shortages, delays and rising prices are playing havoc with the healthcare, education, farming, hospitality and travel sectors, The Guardian reports
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Greggs surpasses healthier choices target
The food to go retailer has refreshed the targets in its Greggs Pledge for 2022, which includes increasing the number of its breakfast clubs and reducing food waste
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Diageo launches £2.4m initiative for sport-focused venues
The initiative, part of the Raising the Bar programme, will help venues in their post-pandemic recovery
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BrewDog planning 27 new openings in 2022
The Scottish brewer and beer operator opens it latest UK site today in Basingstoke, which will be followed by bars in Waterloo, Lincoln, Ipswich and Chester.
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Nightcap continues with cluster expansion strategy
The operator of several late-night bar businesses has secured a flagship site for The Cocktail Club in Birmingham’s Temple Street
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Minor International accuses Jeremy King of causing ‘last resort’ sale
Corbin & King’s new owner, and former majority investor, secured full control of the business last week after it failed to reach an agreement with King on its recapitalisation
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McDonald’s takes ownership of largest UK franchisee
Founded by Athul Pathak, Appt Corporation operated 43 sites, with McDonald’s Restaurants Limited acquiring 100% of his shares
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Openings of the week
MCA rounds up the most notable new site opening news, including Slim Chickens, Zia Lucia and The Vurger Co.
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Café Rouge to roll out new menu
Following trials at its Rouge pilot sites, The Big Table Group operator said it would roll out the new menu across its estate, with working continuing on new design concepts
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UKH: ‘Chronic labour shortages will damage recovery’
A failure to tackle labour shortages risks permanantly shrinking the food sector, the trade body has warned
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Soho House ups pay for late nights
The company will pay 1.5x the hourly rate for employees working late night shifts, as it looks to attract 250 new staff
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Rising cost of living leads to decreased spend
While more consumers are eating out, they are spending less when they do, according to Lumina’s Eating & Drinking Out Panel snapshot of the last four weeks
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D&D London adds to senior team
The restaurant group has appointed a new operations director and F&B director as it begins ‘an exciting new chapter’
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BII extends expert support to members
All BII members will be able to access panels of independent accredited advisors