All news articles – Page 60
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NewsPapa Johns appoints Todd Penegor as CEO
Penegor, mot recently president and CEO at Wendy’s, has over 20 years of experience in the restaurant and consumer goods industries
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NewsPunch Pubs: All divisions remain in growth
The Leased and Tenanted, Management Partnership, and Laine divisions all delivered like-for-like growth, with total revenue amounting to £241.5m
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NewsTonkotsu sees like-for-likes up 11%
The ramen bar concept reported turnover of £13.8m in 2023, up from £11.9m in 2022, for its nearly 18 sites as it continues to launch in new cities
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NewsEdinburgh hospitality set for 30% sales uplift
Almost 250,000 people attended the Fringe and other festivals last year, which helped deliver a 30% increase in average daily sales for hospitality venues
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NewsContinued volume-driven growth for XP Factory
The Boom Battle Bar and Escape Hunt operator has seen continued positive growth across both brands in Q1 FY25
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NewsHospitality welcomes reduction in interest rates
The Bank of England’s decision will help businesses return to investing in growth and pay back Covid debt, according to UKHospitality
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NewsJKS Restaurants strengthens retail business team
Nihal Haria-Shah has been appointed finance director, with David Furze as operations director and Deepa Bulsara as marketing director for Gymkhana Fine Foods
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NewsWendy’s ‘holds steady’ in Q2
The QSR chain reported systemwide sales growth of 8.3% in its International segment as it looks to use the UK as a foothold for further expansion across Europe
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NewsUber Eats partners with GMB union
The partnership looks to improve health and safety in the industry, drive up courier engagement, and ensure earnings are fair
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories including Kaspa’s Desserts, Daisy Green, Chestnut Inns, Brother Marcus, and more
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NewsETM Group and Maven come together to launch ETM Collection
This unified approach will allow the group to leverage collective strengths, offering guests a diverse and cohesive experience across restaurants
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NewsHotel Chocolat to launch bakery and hot food offer
The premium chocolatier is to launch the new offer for the first time, as new owner Mars kicks off its store investment plans
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NewsWelcome Break reports successful year
During the peak trading period in 2023, many sites and units broke weekly trading records, delivering an excellent summer for the motorway service area operator
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NewsWingstop performing “extremely well” in UK
Global CEO Michael Skipworth said he’s excited about opportunities in international markets, with the aim of scaling to over 10,000 units worldwide
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NewsStonegate agrees debt refinancing
As part of the deal, funds managed by TDR Capital will make a c£250m shareholder contribution, “demonstrating their continued support and confidence in the future of the business and the Great British Pub”
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NewsYum! Brands to roll out voice AI
The KFC and Taco Bell operator plans to bring the tech to its brands’ drive-thrus around the world, as its digital business has more than doubled since 2019
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NewsMarston’s completes disposal of stake in Carlsberg JV
The pub group announced on 8 July 2024 that it will sell its stake for £206m in cash to a subsidiary of Carlsberg
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NewsJust Eat improves margin in UK and Ireland
Gross transactional value increased by 6% in H1, while lower delivery costs following a delivery model simplification in the UK saw adjusted EBITDA improve by 64%
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NewsUKHospitality responds to Low Pay Commission remit
CEO Kate Nicholls said making significant changes to the remit for 2025 now is ”disruptive and unhelpful,” as evidence has been submitted on a basis that is now out-of-date
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NewsSnowfox Group becomes the Wonderfield Group
Following its acquisition by Zensho in June 2023, the new group will consolidate the company’s international brands under one name