All news articles – Page 66
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Richard Caring to open The Ivy in US as £1bn sale looms
The so-called King of Mayfair is selling the chain but plans to export the brand across the Atlantic, The Telegraph reports
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Pubs and restaurants hope for ‘halo’ effect of Labour win and weekend of sport
Consumer spending was expected to rise during England’s Euro 2024 match, The Guardian reports
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Champagne all round: the French invasion of English vineyards
Continental wine houses plough millions into UK land amid British viticulture boom, The Telegraph reports
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Racing simulator venues show power of the Formula One brand
The name above the doors is helping to accelerate F1 Arcade’s expansion, the Financial Times reports
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Labour’s plans for workers, from pay rises to zero-hour contracts
Businesses, from small pubs to retail giants, fear that if the new government honours its manifesto pledges, their payroll costs will soar, The Times reports
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Openings of the week
MCA rounds up this week’s biggest openings stories, featuring Boojum, Roxy Leisure, Red Engine and more
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New food director at Tortilla
The fast casual Mexican-inspired group has appointed James Garland, previously of Honest Burgers
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Wingstop shakes up senior leadership team
Chris Sherriff has been promoted to co-CEO as the brand announces a like-for-like sales uplift of over 50% in Q1 2024, with its estate expected to soon surpass 50 sites
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Kate Nicholls OBE: ‘We’ll be keeping politicians’ feet to the fire’
Ahead of Labour’s landslide victory this morning, the UKHospitality CEO outlined the critical actions required by policymakers, at MCA’s Pub Conference
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Brand strength and customer proposition driving hospitality investment
At MCA’s Pub Conference, partner at Piper Private Equity, Yasha Estraikh said the bar is high for new hospitality concepts, with plans to make “one or two” investments in the sector
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Only 12% of Brits say a pint is affordable
The Campaign for Real Ale has said making tax on pints fairer should be a priority for the new government, in order to keep pub going accessible
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NTIA: ‘The real work begins now’
Michael Kill, CEO of the Night Time Industries Association has welcomed a new Labour government, urging immediate action to recover the sector ”from years of neglect”
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PizzaExpress to launch new concept
The first ‘PizzaExpress Pod’ will open at the Tesco Extra store in Bursledon, Southampton, MCA understands
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Cineworld considers closing a quarter of estate
The cinema operator is set to close as many as 25 sites and negotiate rent reductions at another 50, as it draws up plans for a restructuring deal
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Slug & Lettuce increases profitability after loss in 2023
The Stonegate-owned bar brand revealed a pre-tax loss of £3.1m, but has since delivered a rise in revenue as it looks to build momentum during a summer of sport
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Pizza Union continues search for central London sites
The business reported improved sales trends and a return to profit in 2023, and is currently negotiating on a few new pizza bars
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Benugo achieves highest ever turnover
The operator of café delis and restaurants reported £123.5m in turnover for 2023, the highest in its 25-year history
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Ken Lever joins Marston’s as non-exec
Lever was previously non-executive chair of Biffa and RPS Group, and succeeds William Rucker as independent non-executive at the pub company
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In Pictures: Hijingo unveils next-generation AI show
Drawing from dystopian Tokyo Nights themes, the bingo-inspired concept’s new offering features enhanced visuals, advanced special effects,and a refreshed F&B offer to elevate the customer experience
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Dez Amore opens first standalone restaurant
The Italian street food concept which has operated across several market-led destinations such as Camden, Mercato Mayfair, and Boxpark, launches a 1,178 sq ft flagship space on Fulham Road