All news articles – Page 63
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Fuller’s sees inflation easing and margins recovering
The premium pub company has reported continuing trading momentum with strong like for like sales growth of 5.3% for the first 16 weeks of the financial year
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How Taco Bell’s biggest UK franchise collapsed into administration
T Bello Group, which was sold to Karali Group in a pre-pack for £3.5m saving 46 Taco Bell restaurants, suffered “severe liquidity challenges” after a rapid debt-fuelled expansion
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Second Cup seeks to revive UK estate
The Canadian coffee chain, which used to operate 11 sites in the UK, is seeking a master franchise partner to rebuild its presence
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Morgan Davies joins The Padel Group
The Barburrito founder has been appointed as a non-executive director as the Cheshire-based group looks to expand further into padel courts
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JW Lees reports another record year
The brewer and pub operator has announced revenues of £96.8m, with a view to invest in its existing estate while proactively seeking new opportunities
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WH Smith considering hot food offer
The retailer is exploring the rollout of hot food to its travel and hospital stores, as it continues to expand its food and drink offer.
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Puttshack promotes Logan Powell to CEO
Powell had served as global president and chief financial officer since 2019 and is succeeding Joe Vrankin, who was the company’s CEO in the UK
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Boxpark to close inaugural Shoreditch site
After occupying the site for 12 years, the business has reached the expiration of its lease and notice has been served by landlords Bishopsgate Goodsyard
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Arc Inspirations reports bumper sales during Euros
The bar business’ five BOX-branded venues saw sales grow more than 300% during England matches, with group like-for-like sales growth of 79%
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Grind partners with British Airways
A range of speciality coffee will be available to purchase on all short-haul BA flights from London Heathrow and London Gatwick
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Pret ends five-coffees-a-day subscription deal
As part of major changes to its Club Pret loyalty offer, from September Pret will offer 50% off up to five barista made drinks a day for a monthly fee of £10
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Nightcap shareholders approve plan to go private
The bar group believes as a private company it will have access to investors more likely to support its strategy of consolidating the late night sector
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Roadchef returns to profit
The motorway services operator is looking to increase the diversity of its offer and has expanded its partnership with Coco di Mama, while opening new McDonald’s drive-thrus
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Openings of the week
MCA rounds up this week’s biggest openings stories, including Popeyes, Wingstop, PizzaExpress, Banana Tree, and more
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Pernod Ricard to offload wine portfolio
The owner of Australia’s Accolade Wines will take on brands such as Jacob’s Creek, Campo Viejo and St Hugo, as Pernod focusses on premium spirits and champagne
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Government policies welcomed by sector
The new Labour government unveilled its policy programme via the King’s Speech yesterday, with the Apprenticeship Levy reform, Planning and Infrastructure Bill, Employment Rights Bill and Martyn’s Law all impacting the sector
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Marston’s tops PCA survey for second consecutive year
Tenants were the most satisfied with their relationship with Marston’s, Admiral, and Greene King, whereas Stonegate tenants were the least satisfied
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BrewDog to ‘let carbon negative claim lapse’
New CEO James Arrow said the high cost of purchasing credits and a desire to focus on reducing its own emissions were behind the move
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What to expect for hospitality in the King’s Speech
UKHospitality has analysed the policy commitments most likely to affect the sector, ahead of the State Opening of Parliament today
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Heartstone benefits from ongoing demand for staycations
The South-West business said an increase in revenues to £9.6m in 2023, was testament to the decision to sell smaller pubs and invest in additional guest bedrooms