All news articles – Page 4
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Loungers: ‘We’d love to open more sites in coastal areas’
The business is keen to operate in a diverse mix of geographies, but is more rigorous in its selection after occasionally “rushing into a site”
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The Coconut Tree enters into CVA process
The Sri Lankan restaurant and bar group has eight sites across the West of England with annual sales of £6.7m
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Openings of the week
MCA rounds up this week’s biggest openings stories, featuring Wagamama, Pizza Pilgrims, JKS, Sticks ‘n’ Sushi and more
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Gen Z and millennials value restaurant loyalty schemes the most
Gen Z and millennial consumers are more likely to choose a quick service outlet such as Pret and McDonalds if they offer a loyalty scheme
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Market Taverns plans further acquisitions
The London pub business continued to rebuild trade after the pandemic with record turnover in 2023, and is actively looking for new sites to add to its estate
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Hub Box sold in pre-pack to founder
The future of the South West-based burger chain and its 10 restaurants has been secured after administrators sold the business to a new company led by founder Richard Boon
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Moto to invest in 33 new units
The motorway service area operator reported turnover of £1.07bn in 2023, as it continues to invest in the ’transformation of the UK rest stop experience’
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Fatto a Mano secures new investment
The five-strong Brighton-founded pizzeria group has secured growth capital from family office investment firm Middleton Enterprises
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Wagamama serves up first ever brunch menu
In response to demand for all-day dining, the chain will launch a new offer including chicken katsu waffles, morning baos, and coffee in partnership with Grind
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Wendy’s uses UK as foothold for growth in Europe
The QSR brand, which is on track to have 50 restaurants in the UK by the year end, has signed development agreements in the Republic of Ireland and Romania
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SSP grows UK sales by 12%
The business said the positive performance in Q3 reflects good passenger numbers in the air sector and a lower incidence of rail industrial action compared to 2023
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Wetherspoons reports record sales figures
A recovery in sales and profits has continued in the current financial year, with sales per pub approximately 21% higher than pre-pandemic levels, chairman Tim Martin said
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Krispy Kreme continues to expand UK presence
The doughnut business plans to open more shops in quality, high profile locations in 2024, and invest further in digitally enhanced cabinets
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Paul rolls out Le Café rebrand
Paul will move its St Pancras store to the more coffee-focused format, with plans for a further store rebrand in 2024
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Azzurri Group to bring Dave’s Hot Chicken to UK
The group plans to open 60 units of the California-based concept in the UK and Ireland, with the first to open in London by Q1 2025
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Portobello Pub Co appoints new CFO
Mayuri Vachhani, formerly of Tasty, joins the 27-strong pub and bar operator as it targets further growth opportunities following the Darwin & Wallace acquisition
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Loungers achieves record year of sales, profits and openings
The Lounge, Cosy Club, and Brightside operator reported industry-leading like-for-like sales growth of 7.5%, with revenue growing 24.7% year-on-year to £353.5m - demonstrating its target of 665 sites remains a ‘conservative’ one
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Silverstone looks to high street F&B for inspiration
Freemans Events Partners, which served half a million guests at the British Grand Prix over the weekend, is looking to build a ’powerful’ line-up of high profile F&B operators for the Formula One event
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Mission Mars continues to outperform sector
Group revenue for FY23 totalled £71.1m, with CEO Roy Ellis confident the Albert’s Schloss and Rudy’s brands will trade successfully in all parts of the UK
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Capdesia successfully exits Marugame Udon Europe
Parent company Toridoll Holdings will take full ownership of the udon concept, with CEO Keith Bird handing over to FD Sam McIntyre