All news articles – Page 42
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NewsStarbucks global sales down 7%
The coffee chain has suspended its financial guidance for 2025, with new CEO Brian Niccol saying it’s “clear we need to fundamentally change our recent strategy”
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News‘Hospitality has lost a legend’: tributes paid to Marc McGuigan
The former Liberation Group and Greene King director was praised for his love of pubs, beer, sport and family, for his great set of personal values, and for being an amazing mentor, advisor and friend to colleagues
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NewsTGI Fridays Inc seeking new financing
The American business is preparing to file for bankruptcy protection in the coming weeks, according to Bloomberg
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NewsNew head of acquisitions at Bill’s
Raj Manek, who has worked in property roles at Cornish Bakery, Various Eateries, and Loungers, joins Bill’s as the group returns to the expansion trail
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NewsThe Revel Collective looks ahead to improved trading
The Revolution and Peach Pubs operator reported sales of £149.5m in FY24, with an improved performance since year end due to the return of students and early bookings for the festive period
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NewsBig Mamma achieves £40m turnover
The French-founded Italian restaurant group said its five London locations all exceeded expectations, with plans for another three UK sites in the pipeline
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NewsImbiba to open new Canary Wharf venue
The 65,000 sq ft hotel, restaurant, and music venue at 12 Bank Street, opening next year, will house some of the brands from the specialist investor’s portfolio
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NewsRosa’s Thai departs Deliveroo
Offering delivery through Uber Eats and Just Eat will allow Rosa’s to reach more customers from its 42 sites across the UK, according to the restaurant group
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NewsBlacklock in talks with investors
The chop house restaurant group, founded by Gordon Ker, is understood to be working with advisers at BDO to explore options, The Telegraph has reported.
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NewsBreal and Calveton acquired TGI’s for £9.55m
As a result of poor trading performance in 2024, Hostmore and Thursdays (UK) began to experience significant cash pressures, with administrators called in earlier this month
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NewsHospitality leaders urge government action on quadrupling of business rates
CEOs from the UK’s largest pub and restaurant groups have signed an open letter to the Chancellor, calling for action on business rates, which would quadruple in April if current relief ends as planned.
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NewsMcDonald’s UK reports significant drop in profit after tax
Profit after tax at McDonald’s Restaurants Limited was £35m in 2023, down from £129m the previous year, despite an increase in turnover
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NewsOpenings of the week
MCA rounds-up the biggest openings stories from the past week, featuring Pizza Pilgrims, Wagamama, Boojum, Wingstop, Lena Lu and more
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NewsMarston’s outlines new strategy
As a focussed pub operator, Marston’s will invest in five distinct pub formats to drive higher profit margins, and with the potential for refinancing to deliver suplus cash
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NewsGDK makes senior leadership appointments
Tommy Edmond joins the company as chief financial officer (CFO), while Amit Pancholi steps into the role of UK franchise development director
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NewsValiant Pubs reaches 70-site milestone
The community-focused pub group is looking to grow its foothold in the south of England, as part of its ongoing strategy to strengthen its market position across the UK.
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NewsTRG explores £300m refinancing
The Wagamama owner is seeking to reduce its borrowing costs by locking in lower interest rates, Sky News reports
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News200 Degrees grows sales to £16.5m
The Nottingham-based coffee shop operator and roaster has opened three new stores in 2024
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NewsAlma Café opens fifth site
The healthy eating brunch and coffee concept led by Bakhtiyar Sadigli has opened in Related Argent’s Author Building in Kings Cross
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NewsDeliveroo UK order values grow 7%
The delivery company says it has made progress on initiatives in its home market in a “more stable but still uncertain” consumer environment