All news articles – Page 3
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NewsMerlin secures £657m refinancing
The refinancing announcement came as Merlin reported a mixed first half, with trading impacted by challenging consumer conditions and adverse weather in some markets, despite continued growth at its Legoland parks and progress across several strategic priorities
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NewsHospitality leaders condemn tourist tax as latest blow to a sector at breaking point
Communities secretary Angela Rayner announced local and regional leaders will be able to introduce a percentage-based charge on overnight stays in hotels, holiday lets and B&Bs, with Labour mayors indicating they are likely to levy around 5%
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NewsWagamama returns to growth as investments gain traction
Like-for-like sales grew 3.1% in Q2, accelerating further to 5.2% in Q3-to-date, with Wagamama saying trading remains significantly ahead of the wider UK restaurant market
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NewsMcDonald’s UK&I appoints chief restaurant officer
Lee Homer was chief operating officer for McDonald’s Nordics as part of his role at Terra Firma Capital Partners, and has also held operational leadership roles at Waitrose and PizzaExpress
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News50 Best rebrands as The 50
The new identity brings together William Reed’s globally recognised rankings, awards, content and the discovery platform under one clear and distinctive master brand
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NewsStarbucks invests $1bn to make stores more warm and welcoming
The chain is seeking to make 9,000 cafés feel more like a “community lounge”, serving as an oasis for “lonely and disconnected” lives lived online
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NewsIncipio unveils ‘Britain’s largest Italian restaurant’
Juno, set to open next month, will occupy more than 11,500 sq ft within the redeveloped Olympia estate, offering 265 covers with capacity for up to 500 guests
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NewsPapa Johns appoints property & development director
Vish Talreja, formerly of itsu, Yo! Sushi and KFC has joined Papa Johns
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NewsItsu backer prepares to sell stake
Bridgepoint is looking to auction its minority stake, while itsu founder Julian Metcalfe is looking for a new partner to help grow sales to £500m, Sky News reports
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NewsBudget is ‘moment of change’ for sector
UKHospitality has made four key asks ahead of the upcoming Budget, but its calls to abolish the tourist tax seem to have fallen on deaf ears, with government proposals on the local levies to be set out this week
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NewsJoe & The Juice: ‘People don’t think of us as a morning destination’
The brand is launching a new expanded breakfast menu across its 80 UK stores, as it seeks to capitalise on a ‘missed opportunity’ to become a morning destination
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NewsSides signs major Middle East franchise deal
The fried chicken brand from YouTube stars the Sidemen will open 51 restaurants across the region with the Al Kharafi Group, starting with Egypt and Kuwait later this year
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NewsStonegate earmarks further collection of managed pubs for L&T conversion
The transition of around additional 100 sites to its leased and tenanted model will reduce Stonegate’s managed estate to around 215 pubs, as part of its ongoing transformation strategy
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NewsAuntie Anne’s reaches 50 sites
The soft pretzel and food go franchise has added 25 new sites over the past five years – growing at a CAGR of 12% – and is targeting 100 sites by 2030
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NewsThe Gym Group achieves strong H1 revenue uplift
The 10% increase in revenue and group adjusted EBITDA achieved for the period was boosted by an increased in average members by 5% to one million
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NewsItsu achieved group revenue of more than £200m last year
The group said it achieved an “impressive performance” within its grocery business, but growth in its high street sites was moderate, reflecting ongoing cost pressures on the consumer and high street footfall levels
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NewsKnoops achieves 68% increase in revenue
The premium hot chocolate café and retailer said it had continued to focused on the development of its UK shop portfolio but that there has been increasing interest its model from international markets
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NewsJersey Mike’s confirms debut London site
The American sandwich brand will open on the former Spaghetti House site on Argyll Street, near Oxford Circus, in late autumn, the first of the four central London sites
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NewsLoungers opens first London Cosy Club
The new site opened in the former TGI Fridays at Westfield Stratford City last week, and is the fifth Cosy Club to showcase the brand’s evolving new look, with a further opening in Swansea set to follow in November
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NewsWestminster Council says proposals to stop drinkers standing outside pubs were ‘misinterpreted’
Tim Barnes, deputy leader at the Conversative council, has now said that people’s ability to stand outside pubs with a pint remained “sacrosanct”