All news articles – Page 343
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NewsVoting for Retailer’s Retailer Awards closes tomorrow
It’s your last chance cast your vote in MCA’s Retailer’s Retailer of the Year Awards, with voting closing at 5pm tomorrow (12 February).
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NewsWhitbread appoints NEDs
Whitbread has appointed to new non-executive directors, Fumbi Chima and Kal Atwal.
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NewsM&A in QSR sector expected to increase significantly in 2021
The quick-service restaurant (QSR) sector is expected to see a significant uptick in activity over the course of 2021, according to BDO’s annual Restaurants & Bars Report.
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NewsSSP considering equity options
SSP Group has confirmed it has drawn down £300m from the Bank of England CCFF (Covid Corporate Financing Facility), and is exploring further funding options.
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NewsCosta losses weigh on Coca-Cola’s global business
Sales declines at Costa Coffee has led to Coca-Cola’s international unit swinging to a loss.
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NewsPlatinum drops Marston’s bid
Platinum Equity has announced it does not intend to submit a revised proposal to acquire Marston’s.
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NewsHeineken writes off UK pub losses, announces global job cuts
Heineken has written off £167m in relation to its UK pubs, according to accounts filed by its parent company.
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NewsPrezzo to close 22 sites as future secured with Cain subsidiary
Prezzo has been acquired by investment firm Cain International in a pre-pack administration, with 22 sites to close permanently.
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NewsChris Hill appointed CEO at RedCat Pub Company
Former CEO at New World Trading Company Chris Hill has been appointed as the new CEO at Rooney Anand’s recently formed RedCat Pub Company.
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NewsGovernment to meet with hospitality minister petitioners
Business minister Paul Scully will meet with the team behind the Create a Minister for Hospitality petition, the Prime Minister has confirmed.
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NewsHonest Burgers receives £2.7m from shareholders
Honest Burgers received a £2.7m capital injection from shareholders to support the business during the pandemic, new accounts have revealed.
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NewsDi Maggio’s sales down by £4m due to March closures
Scottish restaurant group Di Maggio’s saw turnover down by £4.2m at the beginning of last year following the first coronavirus lockdown.
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NewsPub leaders call for roadmap as beer losses hit £7.8b
Pub sector leaders have called for a clear timeline and reopening date as new figures reveal the severe losses incurred last year.
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NewsBoxpark appoints new COO
Boxpark has promoted Ben McLaughlin to the role of chief operating officer (COO), with immediate effect, as the food and retail outlet focuses on growth and the development of its new concept Boxhall.
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NewsBranded coffee shop market sees £2bn value drop
Almost £2bn has been wiped off the value of the UK branded coffee shop market in the past 12 months, according to the latest report by Allegra’s World Coffee Portal.
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NewsLuke Johnson’s RCP to acquire Chapel Down beer business
A Risk Capital Partners NewCo has been established to acquire the Chapel Down-owned Curious Drinks business.
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NewsLiberation Group optimistic about sales post lockdown
A mix of offensive and defensive strategies have enabled Liberation Group to weather some of the storm caused by restrictions last year and see it confident about buoyant trading after lockdown.
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NewsTomahawk launches London-based virtual brands
Steakhouse concept Tomahawk has launched two virtual delivery brands out of its Hoxton restaurant.
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NewsTakeaway sales reach record high despite declining consumer spend
Takeaway and delivery sales saw their largest ever growth last month as consumers stayed stuck at home under lockdown rules.
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NewsBounce Back extension to give “valuable breathing space” to hospitality
An extension of the Chancellor’s Pay as You Grow repayment flexibilities will “give valuable breathing space” to many hospitality businesses, as long as banks cooperate with the new flexible terms, UK Hospitality CEO Kate Nicholls has said.