All news articles – Page 78
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NewsPapa Johns advancing efforts to optimise UK business model
Interim CEO Ravi Thanawala has said additional strategic closures and re-franchising opportunities will be considered in the UK, as he remains confident the market can become profit accretive this year
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring WatchHouse, Bunsik, Wolfox, Proper Pubs and more
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NewsDishoom confirms two further Permit Room openings
The drinks-led concept will open in Oxford and Cambridge this year, offering unique cocktails and a range of ‘drinking food’
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NewsPubs can extend opening hours if England or Scotland reach Euro semi-finals
Venues will be allowed to stay open until 1am on match days if either or both teams reach the last four or the final, the Home Office has said
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NewsJames Watt resigns as BrewDog CEO
The high-profile and controversial leader has announced he will step into the new role of captain & co-founder at the craft beer business, while James Arrow will take the reins as CEO
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NewsWatchHouse exceeds crowdfunding target by 723%
The specialty coffee concept has closed its crowdfunding round after raising £7.2m from 1,432 investors, exceeding its target of £1m
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NewsExperiential offer drives robust growth for XP Factory
Like-for-like sales were more than 11% up for both the Escape Hunt and Boom Battle Bar brands, with the group reporting turnover of £57.8m
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NewsChallenging trading conditions persist for Brighton Pier Group
The group’s full year update reports softened consumer demand - most notably in the Bars division - as well as poor weather and train strikes impacting footfall during key trading periods
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NewsWetherspoon: Profits expected towards top of market expectations
The pubco has reported a 5.2% uplift in like-for-like sales in the 13 weeks to 28 April 2024, with Guinness, wine, and coffee all performing strongly
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NewsAtis lines up five openings
The salad concept will open a flagship store on Regent Street this June and plans to double its estate to 10 sites across London by year end
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NewsMinisters urged to regulate independent takeaways
The British Retail Consortium argues local takeaways, which are not required to display calorie information, need to play their part in helping improve the nation’s health
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NewsJoe & The Juice further strengthens leadership team
Robert Lynch joins as COO from Starbucks, while the Danish juice brand announces a reshuffle of its senior team
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NewsNWTC appoints new CFO
Glen Pearson joins from Urban Pubs & Bars, replacing Jim Pickworth, with the pair effectively swapping positions at their respective companies
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NewsRevolution: 32 parties express interest in sales process
The group is exploring a formal sales process, with 32 out of 42 invited parties agreeing to participate and signing a non-disclosure agreement
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NewsHeineken UK investing £39m in pub estate
The investment will go towards reopening 62 closed pubs, and improving around a quarter of Star’s 2,400 estate, worth on average £200k per pub
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NewsRekom UK taken over by lender ACG
The late night and bar group will be renamed NEOS Hospitality and led by Russell Quelch, as it separates from its former owner, the Danish Rekom Group
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Wagamama, Ecti Mehmet, Greene King’s 50th Hive pub, and more
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NewsSamyukta Nair to launch new Thai concept
The celebrated London restaurateur behind Bombay Bustle, Jamavar, Socca, KOYN and MiMi Mei Fair is collaborating with Bangkok-born Rose Chalalai Singh
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NewsHostmore hails transitional year and turnaround of business
The TGI Fridays operator made cost savings and narrowed its losses in 2023, though like-for-like sales were down 7% in Q1 2024
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NewsWingstop UK leads the way across globe
The UK business is achieving average unit value (AUV) north of $2.5m (£2m), compared to a system-wide wide figure of $1.9m (£1.5m), allowing it to accelerate growth