All news articles – Page 28
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NewsHeart with Smart looks to secure future
The Pizza Hut Restaurants operator is in advanced talks with potential buyers, with the aim of selecting a preferred bidder this month
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NewsWasabi directors ‘excited by future growth potential’
The sushi and bento brand reported a turnaround year in 2023, with profit after tax of £7.4m, continued strong performance in 2024 and plans to explore franchising
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NewsBeds & Bars ‘well positioned’ to capitalise on opportunities
Turnover rost to £72.8m in FY24, with larger units in key locations such as London, Edinburgh, and European capitals continuing to perform well
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Afrikana, Berenjak, and more
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NewsJW Lees grows profits
The family pub company has recently acquired The Bellflower in Garstang from Marston’s and The Craigside in Llandudno from Whitbread
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News‘Halloween Budget a nightmare for family businesses’
William Lees-Jones of JW Lees has called on the Prime Minister to intervene on the proposed changes to Business Property Relief (BPR), which he says will make family businesses uncompetitive
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NewsTasty agrees £2.5m insurance claim
The Wildwood operator said trading continues to be challenging, with the key December period said to be “disappointing”
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NewsBoxpark builds pipeline
Following a £12.5m cash injection from investor LDC, the operator is preparing to open Boxhall City in spring
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NewsRoadchef CEO steps down
Mark Fox is leaving after seven years, and will be replaced by Tim Gittins, previously of Moto
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NewsCommunity ownership fund scrapped
The 2021 scheme allowed communities the opportunity to save pubs on the brink of closure and has been scrapped a few months earlier than planned
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NewsHospitality staff consider legal action due to ‘cover charges’
Restaurants including The Ivy and The Wolseley add a mandatory cover charge to diners’ bills on top of a service charge, with only the latter passed on to workers, The Guardian reports
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NewsUKHospitality: ‘NICs will make generating growth even more difficult’
The planned changes to employer contributions will impact jobs, investment, and business viability, contributing to lacklustre growth figures, according to the trade body
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NewsPaul O’Leary joins The Revel Collective board
O’Leary, who also sits on the board of Boden, has been appointed non-executive director at the Revolution and Peach Pubs operator
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NewsBBPA calls on government to review packaging reforms
Packaging materials that are less recyclable will incur higher fees from 2026, in a move that has the potential to “diminish growth and risk jobs”
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NewsChestnut grows revenues to nearly £30m
The East Anglian operator achieved a 33.6% rise in revenue while also growing EBITDA, its site portfolio, and accommodation business
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NewsBlack Sheep Coffee to expand presence in Scotland
The coffee shop chain continues to grow its presence in the UK, with plans for 14 new stores in Scotland over the next five years
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NewsSixth Street acquires Wingstop UK
The California-based investment firm has acquired a majority stake in the UK arm of the QSR chain, reportedly for more than £400m, with co-founders Tom Grogan, Herman Sahota, and Saul Lewin remaining minority shareholders
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News‘A cultural shift’: drinkers hit Hull’s Low Ale Trail for alcohol-free options
On ‘Mad Friday’, many festive revellers are choosing low- or no-alcohol drinks on the pub crawl touring Hull’s city centre
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NewsSoho House shares rocket after consortium tables £1.4bn takeover offer
A ‘new third-party consortium’ has offered to buy the group for $9 per share, with shares rocketing by more than 60% as a result
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NewsThe Guinness shortage is real – here’s how Diageo is racing to solve it
Irish reserves are being diverted to Britain as Christmas demand outstrips the St Patrick’s Day peak