All news articles – Page 27
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JKS Restaurants achieves £73m turnover
The multi-brand group, which operates c25 restaurants across the UK and Middle East, has continued to introduce new concepts while expanding existing ones
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The Alchemist celebrates record year
The bar group’s sales surpassed £60m for the first time, bolstered by its first overseas outpost in Berlin, with plans to step up international expansion this year
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itsu appoints former Pret CFO to board
Adam Jones joins the healthy Asian brand as a non-executive director, where he reunites with Pret co-founder Julian Metcalfe and former CEO Clive Schlee
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McDonald’s drops diversity initiatives after pressure from ‘anti-woke’ activist
In a seperate development, the fast-food chain said it would no longer set “aspirational representation goals” and will end its requirement for suppliers to make a diversity, equity and inclusion (DEI) commitment
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McDonald’s accused of being a ‘hotbed of harassment’
Amid fresh allegations of sexual harassment, McDonald’s UK CEO Alistair Macrow insisted the brand had taken action and strengthened standards during questioning in parliament
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NWTC Christmas trading up 5.5%
The strong trading comes after a CVA in October 2024, with three non-profitable sites to close in January, but customers responding well to site conversions
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Nando’s to reveal refreshed vision
The group will focus on amplifying its commercial performance through social and economic inclusion, community, planet, and partnering with purpose, according to CEO Mark Standish
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Wendy’s appoints operations director
Adie Twining, previously of McDonald’s and Ben’s Cookies, will serve as director for UK & EU operations as the QSR chain continues to grow
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O2 reports record sales
The AEG and Crosstree owned arena had more than 10m visitors in 2024, with sales across F&B, retail and leisure up 6%
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Big brands added to Food to Go Conference line-up
Chipotle, Papa John’s, Costa Coffee and Ole & Steen will be speaking at MCA’s upcoming Food to Go Conference on 6 March 2025
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State of Play delivers strong growth
The experiential operator of Hijingo, Bounce, and Flight Club North America achieved a 33% jump in group revenue to £47m, with the UK contributing £15m
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Ritchie steps down as Buns From Home CEO
Shereen Ritchie is leaving her role after nearly two years at the business, with founder Barney Goff to take over as chief executive
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Pure reduces losses and continues to focus on B2B channel
The food to go retailer and caterer said travel strikes during 2023 could not stop the momentum of its growing catering business which now makes up 35% of overall sales
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Upham Group exploring funding options
The pub group is “optimitistic” it will secure the funding needed to complete on several acquisitions early in the New Year, director David Butcher tells MCA
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‘We have a lot more to do’: no pats on the back at M&S despite blockbuster year
Turnaround is in full swing and bearing fruit, but bosses are only too aware of a history of revamps that failed to stick
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Shops and restaurants face record staff tax bill
Increases to National Insurance and minimum wage will cost businesses an extra £2,370 per employee
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Eataly sees losses widen
The Italian food hall operator, which runs a single site in London’s Bishopsgate, surpassed £26m in turnover but suffered from a rise in energy costs
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Gravity reports loss as it continues to scale
Openings in Liverpool One, Warrington, and Westfield Stratford offered additional revenue for the leisure and activity park operator, albeit it reported a loss of £13.4m
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NTIA calls out ‘devastating’ rail strike impact
The government’s inability to resolve the crisis continues to paralyse the UK economy, the Night Time Industries Association has said as the RMT stages strikes this week
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Luke Johnson: ‘This period is one of the toughest I can remember’
The Gail’s chairman and sector investor told The Telegraph that tax rises and wage pressures are a bigger concern than skyrocketing coffee costs