All news articles – Page 53
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NewsRichard Caring edges towards £1bn Ivy deal
The billionaire restaurant investor, who began exploring an auction late last year, is on the brink of signing a deal with London firm Si Advisers, according to Sky News
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NewsBritish Land acquired £240m of retail parks
The six-strong portfolio includes Orchard Centre in Didcot and Cyfarthfa Shopping Park in Merthyr Tydfil, where the likes of Loungers, McDonald’s, KFC, Nando’s, Greggs, Pizza Hut, Costa, Subway and Starbucks are tenants
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NewsAPPG for Hospitality & Tourism elects new chair
Chris Webb, Labour MP for Blackpool South, said he would champion causes critical to hospitality and tourism as chair of the All-Party Parliamentary Group
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NewsRedemption Roasters seeks new home after prison contract terminated
The social enterprise, which helps rehabilitate prisoners and prison leavers with barista and roasting skills, is leaving HMP The Mount after its fees were quadrupled
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NewsOpenings of the week
MCA rounds up the week’s biggest openings stories, featuring Big Mamma Group, BAO, Inception Group, and more
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NewsHall & Woodhouse returns to pre-pandemic profits
The Dorset family brewer and pub company increased uderlying profit before tax by 52% to £6.45m in 2024
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NewsBoxpark CEO to step down
Simon Champion has been at the business for nearly seven years, serving as MD, CFO and more recently CEO following the departure of founder Roger Wade
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NewsThe Restaurant Group delivers double-digit growth across divisions
CEO Any Hornby hailed a “genuinely transformational year for TRG” where Wagamama saw 11% lfl growth, and Brunning & Price pubs and Concessions saw a 10% and 29% uplift respectively in 2023
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NewsTrade bodies call for tax cuts ahead of October Budget
The BBPA has called for a cut to beer duty, while a BII survey found 62% of pub owners said an outdoor smoking ban would significantly impact trade
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NewsCornish Bakery adds four to pipeline
The new openings will take the group’s estate to 65, following record-breaking summer sales exceeding £1m per week and like-for-like growth of 6.5%
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NewsMarket Place announces plans to double estate
The London food hall concept has lined up three new sites for 2025, with regional and international expansion to follow
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NewsGuy Meakin to leave Pret for Krispy Kreme
Krispy Kreme has appointed Pret’s UK shops and franchise director Guy Meakin as its new president for Krispy Kreme UK & Ireland.
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NewsNEOS to launch new party bar concepts with £25m investment
The new investment will enable the business previously known as Rekom to launch Bonnie Rogue’s Pub and Barbara’s Bier Haus, and target acquisitions in prime city centre locations such as Birmingham, Edinburgh, Glasgow, Leeds, Liverpool, London, Manchester and Newcastle
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NewsVapiano appoints new director of development
Richard Downs joins the German-founded Italian restaurant group from his role as managing director at Dirty Bones.
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Newsitsu: pipeline of big sites ‘reflects our confidence’
The healthy eating brand is increasingly bullish about opening prominent city centre sites, and is currently on-site in four or five, CFO Greg Thorp and CMO Neil Miller tell MCA
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NewsBerisha steps down from Wolseley Hospitality Group
During his two year tenure as CEO of the up-scale restaurant collection previously known as Corbin & King, Baton Berisha oversaw the launch of Manzi’s in Soho and The Wolseley City
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NewsTortilla appoints new MD for French business
Eric Wauthier-Wurmser, formerly of Groupe Le Duff, will oversee 13 company-owned stores and 18 franchised locations recently acquired from Fresh Burritos
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NewsRevolution announces completion of restructuring plan
The Revolucion de Cuba and Peach Pubs operator made the announcement this morning, with a total of 1,267,768,705 new Ordinary Shares admitted to trading
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NewsShake Shack actively pursuing new sites
The group, which recently opened its 17th UK location in St Pancras, reported £49m in sales in 2023 and is encouraged to continue expanding due to an improved trading landscape
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NewsMegan’s sees return to profitability
The all-day restaurant group has achieved a record £29.6m in revenue, up nearly 12% year-on-year, as it continues expanding outside the capital