All news articles – Page 79
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NewsWendy’s aims for 400 UK restaurants
The fast food chain expects to have up to 50 sites by the end of the year, with the UK serving as a ‘key strategic market’, according to CEO Kirk Tanner
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NewsNightcap: Revolution Bars brands could be ‘excellent addition’ to portfolio
The group is assessing options, including the acquisition of sites, subsidiaries, assets and brands of Revolution Bars, as well as a possible offer for its entire share capital
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NewsStarbucks sees sales dip
The coffee giant, which revealed plans earlier this year to open a further 100 stores in the UK, has reported a 4% decline in global comparable sales in Q2
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NewsCity Pub Group sees 20% uplift in like-for-likes
The group, which was acquired by Young’s in a deal completed earlier this year, reported total group revenue of £74.5m in 2023 and a ’fantastic’ sales performance over the festive period
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NewsRevolution confirms ‘exploratory’ meeting with Nightcap
Revolution confirmed the group has explored a range of possible transactions, following a Sky News report that claimed both Rekom and Nightcap have expressed interest
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NewsSunday mobile payment app levies ‘checkout fee’
The payment app from the founders of Big Mamma Group is facing complaints from customers after introducing an additional charge on bills paid via mobile
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NewsYum! Brands trialling more than 40 AI initiatives
The group has reported a 1% decline in KFC UK sales but continues to see opportunity for more than 50,000 restaurants globally, as it looks to become the ’leading digital restaurant company’
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NewsThe Coffee House secures £4m investment
The Northwest-based coffee shop operator, which plans to scale to over 30 sites within the next 12 months, has secured an investment from AJ Bell founder Andy Bell
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NewsMowgli reports 15% growth in sales
The Nisha Katona-led Indian restaurant group grew sales to £30.9m, as it looks to continue expanding in the UK and go international further down the line
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NewsWhitbread: Hotel extensions ‘much more profitable’
CEO Dominic Paul discusses the strategic rationale behind the group’s plan to exit 126 branded restaurants and convert a further 112 into hotel rooms for its Premier Inn brand
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NewsJust Eat: Delivery becoming ‘entrenched’ among younger consumers
The delivery company has seen a boost during the breakfast and lunch day parts, and now has 1 million people using the platform for groceries, according to UK MD Claire Pointon
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NewsRevolution Bars Group raises £12.5m in open offer
The pub and bar group has postponed a general meeting originally scheduled for tomorrow to give it more time to explore all strategic options, which also include exploring a formal sales process
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NewsHostmore temporarily suspends listing
The TGI Fridays operator has requested its ordinary shares to be suspended from the London Stock Exchange, pending publication of its annual report
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NewsRBI: Popeyes ‘still early’ in its journey
Restaurant Brands International also revealed its ‘Reclaim the Flame’ plan has driven strong results for Burger King
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NewsMcDonald’s: ‘Headwinds more significant than anticipated’
The fast food giant expects ‘moderated’ top line growth this year, but continues to invest in its loyalty scheme, a new and more ‘satiating’ burger, as well as the rollout of beverage-led concept CosMc’s
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NewsDomino’s sales down amid ‘softer delivery market’
The pizza group saw a decline in sales growth and orders in Q1 which it blamed on a tough comparitive and a slow January
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NewsChicken Shop aims for 70 sites
The Sir Charles Dunstone-backed business, which rebranded from Chik’n in 2022 following a partnership with Soho House Group, already has 14 sites in the pipeline, according to CEO John Nelson
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NewsGreene King to invest £40m in new brewery
The development will see brewing of cask ale and craft beer move to a new, more sustainable facility in Bury St Edmunds from its 200-year-old Westgate site
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NewsIn pictures: Comptoir Libanais partners with Harrison for Southbank venue
The Lebanese-inspired restaurant group will open its 20th site in London this spring
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NewsInquiry launched into hospitality staffing challenges
An All-Party Parliamentary Group inquiry into recruitment and retention has been launched to explore the reasons behind high vacancy rates, ask what more the sector can do, and make recommendations to government