All news articles – Page 541
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News
Stonegate acquires Fever Bars and further six Novus sites
Stonegate has acquired the 32-strong Fever Bars group as well as further six sites from Novus for an undisclosed sum.
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Young’s confirms Redcomb acquisition
Young’s has confirmed the acquisition of the 15-strong Redcomb Pubs estate, as revealed by MCA yesterday.
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JDW Q2 lfls up 7.2%
JD Wetherspoon has reported that like-for-like sales in the 12 weeks to 20 January increased by 7.2%, with total sales up 8.3%.
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Patisserie Holdings calls in administrators
Patisserie Holdings is calling in administrators after being unable to renew its bank facilities, with 70 of its c200-odd sites to close.
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Scrapping of settled status fee welcomed by sector
The Government’s decision to scrap the fee for EU workers in the UK seeking settled status has been welcomed by the industry.
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Debtwire suggests PizzaExpress cuts loose international arm
Debtwire, an Acuris Company, has suggested that PizzaExpress disposes of its international arm in order to boost company margins.
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Just Eat acquires Time Out’s stake in Flyt
Just Eat has acquired Time Out’s stake in systems integration platform provider, Flyt, for £9.6m.
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Young’s in talks to acquire Redcomb
Young’s is in talks to acquire south east-based pub, bar and restaurant operator, Redcomb, MCA understands.
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San Carlo FY sales up 8.6%
San Carlo, the Italian restaurant group, saw like-for-like sales (lfls) grow 4.6% over the festive period, with total sales up 14.8%.
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Hoyle promoted at FishWorks
Boparan Restaurant Group has promoted Caroline Hoyle to head of operations of its FishWorks brand, MCA understands.
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Generation Next: KERB’s Seven Dials traders
KERB is due to open a permanent food hall at Thomas Neal’s Warehouse in Seven Dials at the end of the summer. Managing director Simon Mitchell shared his thoughts on how the market will be a great incubator for those street food traders looking for a step up to a bricks and mortar site, as well as offering something different when it comes to the market halls trend.
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Corbin & King plans new brand for Soho
Corbin & King is planning to launch a new brand in Soho – “a high quality and good value fish restaurant”, MCA has learnt.
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Uno Hospitality takes Galvin Bistro site
An aircraft executive is backing the launch of a new South Indian fine dining restaurant on the former Galvin Bistro site, MCA understands.
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Inn Collection aiming for five this year
The Inn Collection Group is looking to add another four or five sites to its estate over the next 12 months, following the securement of £10m additional funding from OakNorth, MCA has learnt.
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Pizza Hut franchisee in administration
Four Pizza Hut takeaway restaurants have closed after franchisee J&R Pizza Limited went into administration, MCA has learnt.
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Abokado appoints head of food
Abokado, the healthy grab and go chain, has appointed Ellie Hopkins as its new head of food.
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Wrapchic to launch second brand - Bombay Streat
Wrapchic is launching a second Indian-inspired brand, Bombay Streat, with its debut opening in Lakeside intu, MCA understands.
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Ex-MAD FD takes on Manchester bars
The former finance director of Mark Andrew Developments (MAD) Ltd has taken on a collection of the former Manchester bar group sites after it went into liquidation.
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Three Joes to extend crowdfund after hitting £400k target
Three Joes, the sourdough pizza restaurant concept from POD co-founders Tim Hall and Emma Blackmore, and former Byron operations director, is to extend its crowdfunding campaign after hitting its £400,000 target on Crowdcube.
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Patisserie Holdings continues negotiations with bankers
Patisserie Holdings has confirmed it is still in discussions with its bankers to expend the standstill of its bank facilities beyond 18 January.