All news articles – Page 72
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NewsMiddle East buyers miss out as Caring walks away from The Ivy
Sovereign wealth funds from Abu Dhabi and Saudi were beaten to Troia restaurants by a mystery bidder as the owner decides to cash in his stake completely
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NewsEG Group sells off parts of foodservice business in £228m deal
EG Group has agreed to sell its remaining UK forecourt business and certain standalone foodservice locations to co-founder Zuber Issa. EG will retain Cooplands and its Starbucks franchise business. Meanwhile TDR Capital has acquired Zuber’s shares in Asda, taking its ownership to 67.5%
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NewsKOL and Ikoyi named in World’s 50 Best Restaurants
Owned by MCA publisher William Reed, the World’s 50 Best annual ceremony took place in Las Vegas this week, with MJMK Restaurants’ KOL named at number 17 and Ikoyi at number 42
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, including Amigos, Flight Club, Sushi Revolution and more
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NewsBrewDog’s James Watt to launch new business
Watt, who currently holds the title of ‘captain and co-founder’ at BrewDog, is to launch a brand-building business called Social Tip this summer
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NewsUKHospitality reveals policy recommendations ahead of general election
Key asks include reforming business rates, the apprenticeship levy, and planning rules, as well as reducing VAT and employer National Insurance contributions
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NewsOle & Steen appoints new group CMO
Morten Vedel, previously marketing director at 7-Eleven, has joined the Danish bakery chain Lagkagehuset, which trades as Ole & Steen in the UK
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NewsCream Group partners with Stormzy for new bar and nightclub
Called House Party, the immersive venue will take over a seven-storey site on Soho’s Poland Street, and is inspired by the house parties of the UK rapper’s youth
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NewsC&C chief steps down over €17m accounting mistakes
Former Marston’s CEO Ralph Findlay will become CEO at the Irish drinks group after “errors of judgement” and “failures in reporting” were discovered
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NewsSir Tim Martin plans to ‘supersize’ up to 50 Wetherspoon pubs
The pub chain is gearing up to roll out more “Super Spoons”, with work on Newcastle’s The Mile Castle now underway and set to include a 26-bedroom hotel and 3,000 sq ft beer garden
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NewsWadworth drives significant improvement in managed estate
The Wiltshire family brewery and pub operator has seen a benefit from moving to a new brewery, Folly Road Brewhouse in Devizes
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NewsVagabond Gatwick sites sold to ARE
The final two remaining Vagabond sites have been sold by administrators after the majority of the estate was sold in a pre-pack to Majestic Wines
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NewsGSG Hospitality ventures into pub sector
The independent hospitality group, which operates brands including the Michelin-listed Nord and Bold Street Coffee, has acquired The Hightown Pub in Liverpool
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NewsFireaway Pizza launches new Express format
The new smaller footprint format in Gravesend is a first for both the pizza chain and forecourt operator Highway Stops Retail, and will be rolled out to other locations if successful
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NewsZaap Thai to launch new Asian-inspired chicken shop
The ‘beak to feet’ concept intends to redefine the chicken shop with an Asian-inspired twist, offering flavours like chilli tamarind and Tom Yum spice
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NewsCrosstown Doughnuts acquired by Karali Group
Crosstown CEO Howard Ebison said the Karali Group brings a wealth of experience and an exceptional track record growing hospitality brands, with the investment a testament to the strength of the Crosstown brand
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NewsIn pictures: Loungers hosts 8,000 staff for annual LoungeFest party
Staff from more than 250 sites attended the retro-inspired festival - LoungeFest - an annual celebration to thank over 8,000 staff for their year-round hard work and dedication
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NewsSimmons to make regional debut in Manchester
Speaking to MCA last year, founder and CEO Nick Campbell said he was looking to take the brand nationwide after reaching “near saturation” in London
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NewsChopstix sees ‘huge opportunity’ in travel hubs
The pan-Asian QSR concept has reported £51.6m in turnover for the year as it opens its 18th site with MSA operator Welcome Break
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NewsTasty restructuring plan approved by creditors
The loan and restructuring plan are expected to stabilise the Wildwood and Dim-T operator, while ensuring its transformation to meet new opportunities in FY25