All news articles – Page 439
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NewsHickory’s to accelerate roll out as sales grow
Hickory’s Smokehouse has reported a substantial sales uplift for the year ended 30 April 2019.
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NewsThe rising tide of responsible consumption
Having spent at least part of my formative years in the 1980s, I remember being struck by one descriptor of this largely buoyant and aspirational period as a time of ‘conspicuous consumption’. Rising materialism and displays of wealth were very much in vogue for those who could afford to flaunt it. Fast forwarding to the 2020s, however, and things are very different. A strong early tip for a decade defining label must be ‘responsible consumption’. This has of course, many guises, including rising plant-based diets, reducing alcohol intakes and adopting more sustainable behaviours. All of these are being tracked within MCA’s Hot Topics consumer research programme.
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NewsFullers hails “Year of Change”
Fullers has said sales were up 4.3% for the six weeks over Christmas and New Year, and 2.5% for the 42 weeks to 18 January 2020. Food, drink and accommodation all delivered like for like growth. However, tenanted like for like profits were down 3%.
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NewsYumpingo raises $10m
Yumpingo has raised $10m in a Series A investment with London-based VC Smedvig Capital. At the same time, Keith Taylor, CFO of Equinix, and Mike Ryan, CEO of Bullet Point Network, and previously partner and head of global equity products at Goldman Sachs, will join the Yumpingo board.
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NewsEverards sales up 3.5%
Everards has reported sales are up 3.5% on last year, for the year ending 30 September 2019. It also said group EBITDA of £5.9m was 1% ahead of the previous year reflecting “good trading performance and a reduction in overheads”. It also said pre-tax profits and non-recurring items of £2.1m was behind the prior year “primarily as a result of an increase in interest charges associated with the Group’s refinancing”.
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NewsMcDonald’s plans 60 new openings in 2020
McDonald’s UK CEO Paul Pomroy has committed to investing £1 billion in McDonald’s UK estate over the next three years, including opening 60 new restaurants in 2020. Speaking after global sales rose 5.9%, Pomroy said 2019 was a “successful year for the UK and Ireland business, and it is testament to our people and franchisees that we have delivered continued strong growth during a tough time for the retail sector. In 2020 we remain committed to continuing investment in the areas driving our growth - our supply chain, our people and our restaurant experience, so over the next three years £1 billion will be invested to ensure we can continue to focus on what matters most - customers, food, value, service and convenience.
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NewsWells & Co. increases turnover in year of continued investment
Wells & Co. has reported an increase in operating profit in 2019 as it embarks on “an exciting year for the business.”
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NewsThe Bosporus takes Angus Steakhouse site
Dubai-based Turkish-inspired restaurant The Bosporus is coming to London.
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NewsAdam Breeden on ‘stadium-grade’ new concept Hijingo
Social entertainment specialist Adam Breeden has told MCA his new forthcoming concept Hijingo will be “state the art, stadium-grade stuff”, and “quite exceptional”.
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NewsCMA sets out issues in Amazon Deliveroo deal
The Competition and Markets Authority (CMA) has laid out plans for the next stage of its investigation into Amazons proposed Deliveroo investment.
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NewsCoal Grill & Bar initiates “resurrection” strategy
Coal Grill & Bar will focus on establishing a South West regional brand identity as part of its plan to “resurrect” the business, CEO Sumit Chadha has told MCA.
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NewsSushi Fabrique launches first UK site
European sushi operator Sushi Fabrique is to launch its first London site in Bloomsbury.
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NewsRoseacre Pub co takes fourth Star site
Midlands based pub operator Roseacre Pub Company has taken on its fourth Star Pubs & Bars site, bringing its food led pub estate to nine.
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NewsGoods Way announces final food line up
Goods Way, the live music and street food venue from Venue Group, has announced its final food operator line up today for its King’s Cross site.
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NewsBird confirms long-mooted Brixton opening
Bird, the fried chicken and waffle concept which is now part of the Crown Partnership, has confirmed its long-awaited site in Brixton.
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NewsBaba G’s shuts Camden restaurant
Baba G’s, the Million Pound Menu featured, Atul Kochhar-backed concept, has closed its bricks and mortar restaurant after less than a year.
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NewsBeFries closes amid costs crunch
Gourmet Belgian chip shop concept BeFries has closed its Brighton site after struggling with high rents and business rates.
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NewsEl Mexicana to expand thanks to ThinCats funding
Grab-and-go burrito bar El Mexicana has agreed a seven-figure funding deal with alternative SME lender ThinCats, allowing the business to expand and modernise.
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NewsHubbox heads to Cheltenham
South East burger brand Hubbox is to join the line-up at Cheltenham’s The Brewery Quarter development.