All news articles – Page 5
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Starbucks UK plans 100 stores in 2024
Starbucks said it has continued to see growth in the UK coffee market, in spite of the macroeconomic conditions that have impacted the market
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Starbucks paid £7.2m in UK corporation tax despite gross profit of £149m
‘Derisorily low’ tax bill again down to high royalty and licensing payments to parent company, The Guardian reports
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Innovate or die, says hospitality veteran
New technology and processes ‘should be part of the solution for hospitality businesses’, Turtle Bay chair Jane O’Riordan tells The Times
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Joe Lewis avoided jail. What now for his business empire?
The British billionaire and Mitchells & Butlers investor has been put on probation after admitting he orchestrated insider trading, The Sunday Times reports
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Openings of the week
MCA rounds up the week’s biggest openings stories, including Gong Cha, Robinsons Brewery, Two Magpies Bakery and J D Wetherspoon
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Smoothie Factory launches UK franchise push
The Texas-born juice-bar brand operates in 18 countries and looks to expand its presence in the UK after its entry into the market with an inaugral store in Belfast
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Domino’s reveals new nutrition strategy
Following a successful trial, the pizza giant will roll out a new, lower-calorie lunch menu, reformulate existing items to reduce calories, and develop new plant-based options
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Deliveroo, restaurant partners, and GMB union sign courier charter
The charter, signed by chains including Wagamama and Wingstop, includes principles on treating riders with dignity and ”working together to achieve operational excellence”
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Supper London ceases operations
The high-end restaurant delivery platform, which raised £2.4m on Growthdeck in 2021, has been liquidated, according to Companies House documents
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Tom Kerridge: The mid market is very, very difficult
The chef and high-end pub operator said he would be “absolutely terrified” if his business was solely reliant on restaurants, due to inflation and cost pressures
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Majestic completes acquisition of Vagabond
The retailer and supplier has acquired the wine bar concept out of administration, saving nine bars from closure, though the Canary Wharf and Gatwick airport sites were not included as part of the deal
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McDonald’s buys back 225 Israeli franchise restaurants
The US fast-food chain has been subject to boycotts and protests since franchise owner Alonyal announced it would be donating free meals to the Israeli military
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Hospitality stands to lose £400m in latest train strikes
Industrial action in 2024 has cost close to £750m in lost business, with impact since 2022 now totalling £5bn, according to UKHospitality
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Another year of record sales for JW Lees
JW Lees has achieved sales of £94.3m in the year to March 2024, up 10% year-on-year, according to managing director William Lees-Jones
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Ping Pong to trial 15% ‘brand charge’ ahead of tipping law introduction
The London-based dim sum chain has scrapped service charge and replaced it with a ‘brand charge’ to fund wage rises across its teams
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Greggs appoints non-executive director
Tamara Rogers, currently chief marketing officer at Haleon plc, will join Greggs on 1 June
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Parogon Group continues to seek expansion opportunities
The Staffordshire operator has reported group turnover of £21.7m, and plans to expand its range of concepts into surrounding counties
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In pictures: WatchHouse debuts in New York
The 17-strong coffeehouse concept has opened on Fifth Avenue, offering specialty coffee and light bites during the day as well as cocktails in the evening
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HotBox eyes London expansion following £1.5m funding round
The London-based brisket concept has revealed plans for expansion into Covent Garden and Soho amid an ongoing funding round
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Young’s: Rates in ‘dire need of reform’
CEO Simon Dodd joins calls for business rates to be urgently addressed ahead of the general election to secure the future of businesses and jobs