All news articles – Page 58
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NewsRiots led to 10% drop in hospitality sales
The impact on sales in locations where rumoured protests were planned was as high as 40%, with swift action needed by insurance companies, UKHospitality says
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NewsJoseph Holt launches hotels arm
The Manchester brewer and pub company, which is 175 this year, says Hotels by Holts will combine traditional pub hospitality and affordable accommodation
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NewsImprovement ‘across the board’ for Soho House
CEO Andrew Carnie said the group has seen consistent trends across all major geographies, with average spend per member improving in Q2
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NewsMajority want more taxes on ultra-processed food
Only 19% are opposed to taxing fast food businesses, according to the survey by Ipsos for the Health Foundation thinktank
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NewsBurger King UK grows revenues and profits
The UK master franchise business led by Alasdair Murdoch hailed a strong performance, with total revenues up 30% to £381.8m in 2023, and adjusted EBITDA growing by 54% to £32.3m
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News17k shops at risk without rates overhaul
Simon Roberts, CEO of Sainsbury’s, and Paddy Lillis, general secretary of the Usdaw union, say tens of thousands of jobs could disappear because of a sharp rise in business rates bills
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NewsIsland Poke acquired for £150k
The 16-strong poke bowl concept, which suffered a downturn and mounting arrears post-pandemic, was purchased in a pre-pack administration by connected party Chris Miller’s White Rabbit Projects
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NewsIn pictures: Hawksmoor Chicago
Hawksmoor has unveiled the renovation behind its latest opening on 27 June at the former LaSalle Street Cable Car Powerhouse in Chicago
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NewsKrispy Kreme: UK performance ‘not up to expectations’
The doughut brand is consolidating three sites, upgrading its core and speciality range, and launching secondary displays in convenience stores to improve profitability
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NewsSurge in violent disturbances ‘severely impacts’ night trade
The damages sustained and the subsequent loss of trade are significant blows to a sector that has already endured tremendous challenges, according to the Night Time Industries Association
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Kricket, Kerb, Jerk Junction and more
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NewsPapa Johns restructure yields results
The pizza group closed 43 underperforming restaurants and refranchised a further 60 stores, and expects the UK market to be profit-accretive based on “these actions and continued operating success”
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NewsRevolution Bars Group restructuring plan approved
It means the late night group can move forward and amend and extend its lending facilities, exit certain loss-making sites, and implement rent reductions at others to return them to profitability.
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NewsAmber Taverns pursued by Epiris
Big Table Group-backer Epriris is going head to head with Guy Hands’ Terra Firma private equity firm in pursuit of the wet-led community pub company, Mark Kleinman writes for City A.M.
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NewsDeliveroo achieves profit milestone
The delivery company reported total profit of £1m in the first half, following a loss of £83m in 2023
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NewsKevin Hydes steps down from Tim Hortons
The chief commercial officer led the launch of the Canadian coffee and QSR business into the UK, growing it to 78 sites over the course of seven years
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NewsBig Table runs rule over US QSR brands
CEO Alan Morgan is taking a more proactive approach when looking at brands adjacent to his core casual dining group, but is wary of missing the boat on big trends such as fried chicken
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NewsBewiched Coffee sees strong LFL growth
The independent coffee shop brand, which has just opened its 19th site in Leamington Parade, has seen close to double-digit like-for-like sales growth across all dayparts
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NewsAggregators urged to suspend deliveries during riots
Delivery riders have been advised to only work if they feel safe, and avoid areas where there is a risk of unrest, as the prospect of far-right riots continues to blight the country
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NewsBusinesses shut early amid riot fears
Pubs, restaurants, coffee shops and takeaways across the country closed up early yesterday over fears of a new spike in far-right rioting and violence, though the disorder did not materialise