All news articles – Page 4
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News
Revolution brands remain ‘well positioned’
The pub and bar group has reiterated that its Revolucion de Cuba, Founders & Co, and Peach Pubs concepts continue to trade well, with group like-for-like sales demonstrating an improving trend as it announces a restructuring plan
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Punch acquires three Leicestershire pubs
The Dog & Gun in Syston, the White Bear in Hinckley and the Horse & Trumpet in Sileby will join Punch’s Leased and Tenanted estate, which is made up of more than 900 pubs
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Revolution Bars Group announces restructuring plan
The group is looking to raise £12.5m, including £3m from Luke Johnson, which will be used to restructure the Revolution-branded estate; while simultaneously launching a formal sales process
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Crosstown seeks new investment
The doughnut brand has appointed M&A specialists from Interpath Advisory to advise the business through the investment process
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Zero Carbon Forum launches Marketplace
The new directory is designed to point hospitality and brewing operators to suppliers offering sustainable products and services
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Italian waiters heading for London blocked by minimum salary threshold
Thousands who once came to the city to work will now fall victim to a new regulation which raised the minimum salary threshold for a skilled work visa from £26,000 to £38,700
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Greggs makes progress on sustainability targets
The food-to-go retailer has achieved 97.1% of electricity usage across all operations came from renewable sources and maintained over 30% of range as ‘Healthier Choice’ products
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Crêpeaffaire seeks new franchise partners
The quick-service crêpe brand has appointed property adviser, Christie & Co to support its UK expansion plans
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Reforming business rates ‘an ideal place to start’ for hospitality
The Labour Party has announced its plan for high streets, including replacing business rates with a new system of business property taxation “which rebalances the burden and levels the playing field”
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Portobello Pub Company acquires Darwin & Wallace
The London bar operator will continue to operate under the same name, with founder Marriott to step down from day-to-day operations, and the enlarged group led by Richard Stringer, managing director of Portobello
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Tasty to exit 20 loss-making sites
The Wildwood and Dim T restaurant operator has announced a £750,000 loan agreement with Bet365 shareholder Will Roseff to fund a planned restructure
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Wendy’s lines up seven new openings
The American burger chain will open new restaurants in Liverpool, Newcastle, Middlesborough, Newcastle, Essex, London and Cambridge later this year
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Rockfish partners with Westmorland Family
The seafood specialist is launching a digital fish counter at the motorway service operator’s Gloucester location
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Loungers updates senior team
Justin Carter has taken on the new role of group managing director, while Kate Eastwood has joined as Lounge managing director from Fuller’s
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Stonegate seeing ‘material improvements in profitability’
The group delivered a “highly respectable performance”, with Craft Union enjoying 28% turnover growth. Total evenues grew by 6.7% but adjusted EBITDA was down 6.25%, due to macroeconomic challenges
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Revolution Bars close to finalising rescue fundraising
The owner of Peach Pubs and Revolucion de Cuba is close to securing £10m equity funding from investors including Luke Johnson, Sky News reports
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Sessions receives £3m Guinness Ventures backing
The food brand licensing platform will use its new seven-figure backing to launch a franchising arm with brands including SoBe Burger
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Red Engine secures £60m to fund expansion
The experiential leisure operator is looking towards eight openings in 2024, including Electric Shuffle Manchester and New York and Flight Club Liverpool and Oxford
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Wahaca: ‘The market for Mexican cuisine will continue to evolve’
CEO Mark Selby speaks to MCA about returning to the expansion trail for the first time since 2018, refining the brand for a more elevated experience, and Wahaca’s status as a ’premium casual’ operator leading the Mexican category
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RedCat posts £30m loss
The Rooney Anand-chaired pub company said despite economic challenges and a number of closures, it saw opportunities to grow amid sector headwinds