All news articles – Page 6
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NewsStarbucks exploring China stake sale to fund future growth
Speaking to the FT, global CEO Brian Niccol said the company had seen “a lot of interest” from potential investors, and was now weighing the value of bringing in a partner to support expansion in China
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NewsSpending review offers mixed signals for hospitality
Sector leaders have warned that the Government’s 2025 Spending Review offers only limited immediate support for the UK’s hospitality and night-time economy
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NewsDave’s Hot Chicken to add seven to UK estate
The brand is set to launch in Birmingham and Manchester in the coming weeks, with its London debut continuing to deliver phenomenal volumes six months post-launch
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NewsConsumers shift to earlier dining: ‘6.12pm is the new 8pm’
The average preferred dinner booking time in the UK is now 6.12pm, according to new research from Zonal and CGA by NIQ, highlighting a continued shift towards earlier going-out habits
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NewsSushiDog secures £1.3m investment to drive national rollout
The QSR sushi chain has secured a further £1.3m from long-term backer Middleton Enterprises to accelerate its UK expansion, with a goal of reaching 40 sites over the next five years
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NewsWadworth grows profit and managed pub sales
The brewer and pub operator has reported a 17% increase in EBITDA to £5.4m for the year to 4 January 2025, alongside strong growth in its managed estate and own-brewed beer sales
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NewsNIC changes contribute to more than 100,000 job losses
The damaging impact necessitates an urgent review and reversal of the increases, UKHospitality has said
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NewsMowgli strengthens leadership team
The TriSpan-backed Indian restaurant group has appointed Tom Hatcher as business development director and Emily Weston as marketing director
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NewsInsomnia Cookies to scale to 1,800 openings per year
Krispy Kreme has sold its remaining stake in the late night cookie concept to Mistral Equity Partners and Verlinvest, in a transaction which will accelerate Insomnia’s growth
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NewsRobust trading and estate management drives returns for Fuller’s
The pub company achieved like-for-like growth across food, drink, and accommodation, and further announced Simon Emeny will become executive chairman next month
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NewsRevel Collective appoints new CFO
Matthew Fowler joins the Revolution and Peach Pubs operator following the departure of outgoing chief financial officer Danielle Davies
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NewsGusto appoints advisors for strategic review
The Palatine-backed Italian restaurant group is understood to be working with Interpath as it seeks to secure additional investment to drive the business forward
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NewsUK wage growth slows as unemployment hits high
Average wage growth was up 5.2% in the three months to April, down from 5.5% the previous month, while unemployment reached its highest level in four years, according to the latest ONS data.
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NewsMcDonald’s: ‘Creating a safe, respectful workplace has even greater focus for us’
The business has taken “numerous steps” to ensure that everyone who comes to work at the business “feels safe, seen and supported” following allegations of misconduct
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NewsBuzzworks achieves B Corporation certification
The Scottish hospitality business said that becoming B Corp certified was “much more than a mere badge – it’s a commitment, to put people and plant first while delivering exceptional hospitality”.
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NewsThe Ritz named the Best Restaurant in the UK
Led by veteran chef John Williams MBE, the restaurant has finally climbed to the top of the prestigious UK Top 100 Restaurants list having been a regular on it for many years.
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NewsThai Leisure Group reports strong profit growth
The operator of Chaophraya and Thaikhun has reported a significant increase in profit despite a challenging trading environment, as it continues to focus on operational resilience and brand strength
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NewsRandall’s appoints Clive Watson as independent chairman
The Jersey-based pub group has appointed the former City Pub Group CEO as its new independent chairman, as it looks to accelerate growth across its business
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NewsHospitality spend grows ahead of general slowdown
UK consumer card spending on hospitality and leisure spend rose 3.3% in May, above overall spending growth, according to the latest Barclays Consumer Spend report
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NewsPopeyes UK secures new £43m banking facilities
Alongside its existing support from owner TDR Capital, the new facilities give the QSR brand the flexibility to execute its plan to open around 45 restaurants this year.