All news articles – Page 73
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NewsPopeyes integrates AI tech into drive-thrus
The fried chicken brand has become the first QSR concept in the UK to implement a voice AI solution into drive-thru ordering
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NewsClampdown on zero-hours contracts could have ‘damaging’ consequences
Ahead of the July general election, hospitality bosses have warned that the clampdown could harm investment and scare off workers
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NewsKokoro pauses expansion plans
The Korean-Japanese concept, which operates c60 sites across the UK, has transitioned away from “pursuing aggressive growth” amid cost pressures
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NewsPret shelves plans to open in Israel
The chain had planned to open 40 stores by 2033 as part of a 10-year franchise deal, but has activated the force majeure clause in its deal with Tel Aviv-based Fox Group
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NewsArc Inspirations lines up two new sites
The bar operator will launch BOX Sheffield and Manahatta Nottingham this autumn, part of a plan to operate 50 sites by 2030
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NewsHostmore year-to-date LFL down 10%
The TGI Fridays operator is negotiating a finance package for its reverse takeover of its US parent company, which is on track to complete before the end of Q3 2024
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NewsCooks Coffee targets 300 stores
The 75-strong coffee shop operator behind Esquires hopes to reach the target within the next ten years, with nearly 28 planned this financial year
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NewsThree of Glasgow’s most popular restaurants sold to hospitality giant
The DRG, owner of Di Maggio’s, Café Andaluz and Amarone chains, has bought Glasgow’s two Paesano Pizza restaurants as well as Sugo Pasta
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NewsBeverage sector serves up cheap drinks for all
Despite current wobbles, selling drinks remains a good business, the Financial Times reports
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NewsSoho House rejects takeover bid that would have seen it leave New York stock market
The celebrity haunt said the bid ‘did not adequately reflect the value of the company’, This is Money reports
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Tortilla, Wingstop UK, L’ETO, Brindisa and more
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NewsJKS unveils new restaurant concept
The Ambassadors Clubhouse, an 140 cover restaurant will open in Mayfair this summer, taking inspiration from North India’s abandoned party mansions and the culinary traditions of undivided Punjab
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NewsRevolution ends formal sales process
After failing to receove any offers for the entire company, the group is now launching its restructuring plan, which will see it amend its lending facilities, close loss-making sites, and seek rent redution on others
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NewsDuncan Garrood joins Brighton Pier Group
The former Punch Taverns and Bill’s CEO is joining the leisure and entertainment group as a senior independent non-executive director.
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NewsSubway borrows $3.35bn in record securitization
The asset-backed bonds will help fund the sandwich chain’s buyout by Roark Capital, with demand from investors vastly outstripping supply
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NewsGreggs releases ‘yard-long’ sausage roll
Customers will be able to buy the bundle across 10 selected locations across the UK, including London, Glasgow and Newcastle for ‘national sausage roll day’ on 5 June
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NewsRed Oak acquires 19 pubs from Marston’s
The tied tenanted pub package is the third transaction between the two companies in the last 15 months
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NewsGreene King grows Nest Pubs estate to three
Nest Pubs is the second franchise concept from Greene King Pub Partners, following the success of Hive Pubs, the pubco’s first franchise concept which now operates in over 50 sites
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NewsNightcap passes on opportunity to make offer for Revolution
Nightcap stated today that at no point did it receive legal advice to suggest its non-binding proposal was not capable of being delivered, as Revolution said earlier this week
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NewsLeon launches ‘UK’s cheapest’ coffee subscription
Roast Rewards will cost £25 a month for five barista-made drinks per day and a 20% discount on food, going head-to-head with Club Pret’s £30 subscription