All news articles – Page 262
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NewsPret appoints new group FD
An Zhang was previously head of finance EMEA at Starbucks and global finance director at advertising company WPP
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NewsSourced Market shuts up shop after entering liquidation
The company’s largest investor, Pembroke VCT, told MCA that Begbies Traynor had been appointed to wind down the business
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NewsKFC to open 300 new sites in five years
The UK & Ireland business is celebrating the opening of its 1,000th restaurant during the first quarter of the year
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NewsMichelin Guide 2022: Simon Rogan’s L’Enclume wins three stars
Ikoyi in St James and The Clove Club in Shoreditch were promoted to two stars while The Frog by Adam Handling gained one
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NewsHeavitree saw revenue fall 8% in 2021
Chairman Nicholas Tucker said that while the trading environment remained testing, there were plenty of customers determined to enjoy the offering provided by its pubs
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NewsCorbin & King fights off High Court challenge
MI Squared – a subsidiary of the restaurant group’s largest shareholder Minor International – had sought to block the business from repaying a £34m debt to its Thai backer, after Minor called it in
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NewsVacancy rate illustrates scale of recruitment challenge
UKHospitality said there needed to be a redoubling of efforts to promote careers in the sector after ONS data showed the number of vacancies had risen 700% year-on-year
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NewsLeon launches Club app
Leon launches the first iteration of its app ‘Leon Club’ today in response to feedback from guests on what they look for in a digital loyalty scheme.
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NewsReady Burger to grow value-driven vegan offering
The emerging QSR concept is looking to remove the barrier to entry on the price of vegan food as it looks to expand its estate to four restaurants in London
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NewsBranded restaurants fuelling turnover growth
The top 10 branded restaurants by turnover are expected to achieve sales of £3bn in 2022 – exceeding 2019 levels - according to Lumina Intelligence’s new UK Restaurant Market Report
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NewsFlat Iron appoints property director
Romy Clay was previously senior acquisitions manager at Wagamama for three and a half years
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NewsMaray moves to Manchester
The Middle Eastern-inspired, Liverpool-based restaurant group is opening its biggest site yet at Bruntwood Works’ Union building
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NewsAdam Breeden announces new Formula 1 concept
Under Kindred Concepts, which is backed by F1 and Imbiba, the new racing simulation concept is set to launch with Landsec at One New Change in Q4 2022
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NewsInn Collection sold to Harris Family and Kings Park Capital
The deal, which values the business at a reported £300m, will see the 31-site pubco continue to roll out its strategic ‘buy and build’ growth plans across the north of England and North Wales
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NewsBrewDog to launch official complaint against BBC
Co-founder and CEO James Watt said “the BrewDog I know and love” was not represented in the BBC Scotland documentary, which the company claims contained “dozens of inaccuracies”
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NewsInn Collection Group poised for £300m sale
The Inn Collection Group is set to be sold by Alchemy Partners to a new company backed by Bourne Leisure tycoons the Harris family, in a deal valued in the region of £300m
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NewsBurger King pushes ahead with flotation plan
Burger King UK owner Bridgepoint has expanded its cohort of advisers, adding a third investment bank, as it moves forward with a £600m flotation of the business, The Times has reported.
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NewsInside the battle to be Britain’s oldest pub
Covid is threatening to call last orders on what alleges to be our most ancient inn – and pretenders to its crown are staking their claims, the Sunday Telegraph reports
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NewsNero Group acquires remaining stake in Coffee#1
The group has reached an agreement to acquire SA Brain’s remaining 33% stake in Coffee#1
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NewsAmerican fund Knighthead lodges fresh bid to join Wolseley’s top table
The US-based fund is trying to break an impasse over the future of some of Corbin & King by tabling a fresh offer to extract it from insolvency proceedings, Sky News reports