All news articles – Page 256
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NewsSoho House accelerates expansion
Founder Nick Jones said “unprecedented demand” had given the group confidence to increase its openings to eight-ten new sites per year
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NewsDeliveroo aims for positive EBITDA by 2026
The company posted a loss before income tax of £298m in 2021, compared to £213m loss in 2020
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NewsSimon Dodd to take over as CEO of Young’s
Patrick Dardis, who has been with the pub company for 20 years, will step down at this year’s AGM on 5 July 2022
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NewsSupport needed to avoid menu price rises
While 85% of consumers are expecting prices in pubs and restaurants to rise, government support could help avoid operators’ extra costs being passed on, the latest Future Shock report suggests
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NewsRed Oak has ‘significant capital’ following recapitalisation
The business completed five portfolio acquisitions in 2021, with the refinancing enabling it to enter the next stage of its acquisition programme
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NewsTRG making ‘good progress’ against strategic objectives
Its Wagamama and Pubs divisions have continued to outperform the market since the year end, with a strong pipeline of openings for both businesses, TRG said in its full year results to 2 January 2022
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NewsGerman Doner Kebab appoints UK MD
Sofia Dimen is the founder of Basepoint Consulting and former senior commercial consultant at OXYGY, part of Bird & Bird, where she worked with the likes of Greggs, Pret and Wagamama
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NewsTim Hortons is ‘in the midst of a fast-paced expansion plan’
The Canadian QSR brand has opened seven new drive-thru sites in the UK so far this year as part of plans to add 40 sites in 2022
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NewsJoe & The Juice to launch UK career pathway
The 18-month career plan has proven successful in Joe & The Juice’s Nordic homeland, and is expected to launch in the UK next year, CEO Thomas Nørøxe told MCA’s Food to Go Conference
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NewsPret, McDonald’s, KFC and Itsu join Hostech line-up
The annual conference, a collaboration between MCA and Big Hospitality, will focus on the latest innovations in hospitality technology
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NewsBrewDog CEO claims ‘significant fraud’ in online campaign
James Watt has said a criminal prosecution is underway for fraud and malicious communication following an alleged campaign of online harassment
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NewsHostmore has keen eye on acquisition opportunities
The operator of Fridays and 63rd + 1st is looking for proven concepts with a cuisine that offers something different to the mass market, CEO Robert B Cook told MCA
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NewsPrezzo vacated 30 sites after pre-pack
The majority of the business was sold in February 2021 to a vehicle owned by Cain International for £5.04m in a pre-pack administration
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NewsState of Play secures $35m of growth capital
The operator of Bounce ping pong venues, and modern bingo concept Hijingo, is looking to accelerate its expansion in Europe and the US, including the roll-out of Flight Club which it operates under licence in North America
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NewsNightcap revenues up more than 700%
The late-night bar group has seen like-for-like growth of 24.8% for the nine weeks ended 27 February 2022, compared to 2020, and has readied itself for “fast and sustainable growth” this year and beyond
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NewsHostmore reduces losses following year of growth
The operator of Fridays and 63rd + 1st saw strong like-for-like (lfl) growth last year, but in the eight weeks to 27 February 2022 lfl sales were down around 3% on 2019 levels
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NewsNew chairman at Hostmore
Neil Johnson is due to be replaced by Gavin Manson, following the group’s AGM in May
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NewsJamie Oliver scrambles to pull out of Russia
The celebrity chef is scrambling to shut his Jamie’s Italian restaurant in Russia, the Sunday Telegraph reports
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NewsCash’s reign fades as Covid accelerates high street switch to card-only
Popular restaurant chains which stopped taking cash during the pandemic have turned their backs on it long-term in the latest sign of Britain’s shift towards going cash-free, The Observer reports
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NewsRussia’s invasion to have ‘enormous impact’ on world food supplies
Consumers around the world will feel the “enormous impact” of Russia’s war on Ukraine through sharply higher food prices and significant disruption to agricultural supply chains, The Financial Times reports