All news articles – Page 7
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NewsHooters files for bankruptcy as founders regain control
The controversial chain has filed for Chapter 11 bankruptcy protection in the US, with plans to sell nearly 100 company-owned restaurants to a group of franchisees
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NewsBrighton Pier Group to cancel trading on AIM
The Luke Johnson-chaired leisure and hospitality business said the costs of being a public company were “disproportionate to the benefits”, with annual savings of up to £300,000 expected when it goes private
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NewsMinimum wage and NIC hikes risk pricing young people out of work
Rising employment costs for younger workers could undermine efforts to reduce youth unemployment, according to analysis by the IFS, as reported by The Times
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NewsWasabi founder to debut premium sushi concept Sushinoya
Dong Hyun Kim is set to launch a new high-quality grab-and-go sushi concept, with the first Sushinoya location opening at London’s St Pancras International later this month
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NewsKarali Group acquires Marugame Udon UK
Under the new partnership, Karali Group will lead the development of new Marugame Udon restaurants and has acquired and assumed operation of the existing estate, transitioning the brand from corporate-owned to a fully franchised model
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NewsSoho House revenues increase 7%
The private members’ club group achieved $1.2bn in revenue in 2024, while opening its latest London location - Mews House - in Mayfair
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NewsButcombe Group managed pubs achieve biggest ever day of trade
The premium pub operator achieved 31% like-for-like sales growth on 30 March compared to Mother’s Day last year
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NewsRedCat Hospitality completes transitional year
The 95-strong operator behind Coaching Inn Group and RedCat Independent Pubs has achieved £129.8m turnover and laid the foundations for growth
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News£3.4bn annual cost hikes take effect
70% of hospitality businesses say they are likely to reduce headcount and around 15% expect to close at least one site as a direct consequence of rising annual costs
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NewsSix by Nico curtails investment due to Budget
The 16-strong restaurant group opened six sites in FY24 and grew turnover to £36.2m, but said increased costs will hamper investment in new openings
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NewsMarket Halls acquires Shelter Hall
The Brighton seafront venue has been acquired from Sessions in a multimillion-pound deal, with the food brand incubator to focus on expanding its brand portfolio through franchising.
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NewsFuller’s announces board changes
Helen Jones is stepping down as an independent non-executive director (NED), and chair of the remuneration committee, with Robin Rowland replacing her role on the committee and Jane Bednall joining the board as an NED
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NewsBrent Cross to welcome first permanent street food market
The line-up includes Sides Fried Chicken, created by YouTube collective The Sidemen, Pasta Remoli, known for its authentic Italian pasta dishes, and Asian street food brand Three Uncles
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NewsKerb reports ‘extraordinary year’ of revenue growth
The street food collective and hospitality group achieved revenue of £32.2m in 2024 – up 37% on the previous year, with two new London locations to open in 2025
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, including Wingstop, Loungers, Browns Brasserie & Bar, and more
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NewsPizzaExpress launches fashion line for 60th birthday
The casual dining brand also brought back 1965 prices to mark the milestone
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NewsNWTC announces record revenue
Revenue increased to £73.5m in the 52 weeks ended 31 March 2024, with underlying EBITDA up 20%, at the Graphite Capital-backed bar and restaurant operator
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NewsPatty & Bun completes restructure of burger business
The business and assets have been acquired by a new company led by the existing team, with all restaurants to remain open, founder Joe Grossmann confirmed.
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NewsPortobello shelves sale plans to focus on existing strategy
Despite receiving “multiple offers”, the board will continue with its existing growth plans, chairman Mark Crowther confirmed
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NewsBlack Sheep Coffee raises millions in fresh equity
The coffee shop chain, which operates more than 100 locations globally, has raised the funds through a combination of loan agreements