All news articles – Page 85
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NewsMajestic completes acquisition of Vagabond
The retailer and supplier has acquired the wine bar concept out of administration, saving nine bars from closure, though the Canary Wharf and Gatwick airport sites were not included as part of the deal
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NewsMcDonald’s buys back 225 Israeli franchise restaurants
The US fast-food chain has been subject to boycotts and protests since franchise owner Alonyal announced it would be donating free meals to the Israeli military
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NewsHospitality stands to lose £400m in latest train strikes
Industrial action in 2024 has cost close to £750m in lost business, with impact since 2022 now totalling £5bn, according to UKHospitality
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NewsAnother year of record sales for JW Lees
JW Lees has achieved sales of £94.3m in the year to March 2024, up 10% year-on-year, according to managing director William Lees-Jones
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NewsPing Pong to trial 15% ‘brand charge’ ahead of tipping law introduction
The London-based dim sum chain has scrapped service charge and replaced it with a ‘brand charge’ to fund wage rises across its teams
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NewsGreggs appoints non-executive director
Tamara Rogers, currently chief marketing officer at Haleon plc, will join Greggs on 1 June
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NewsParogon Group continues to seek expansion opportunities
The Staffordshire operator has reported group turnover of £21.7m, and plans to expand its range of concepts into surrounding counties
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NewsIn pictures: WatchHouse debuts in New York
The 17-strong coffeehouse concept has opened on Fifth Avenue, offering specialty coffee and light bites during the day as well as cocktails in the evening
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NewsHotBox eyes London expansion following £1.5m funding round
The London-based brisket concept has revealed plans for expansion into Covent Garden and Soho amid an ongoing funding round
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NewsYoung’s: Rates in ‘dire need of reform’
CEO Simon Dodd joins calls for business rates to be urgently addressed ahead of the general election to secure the future of businesses and jobs
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NewsWahaca reports strong performance in face of headwinds
The group reported turnover of £39.7m as it returns to the expansion trail this month, with the opening of its 14th site in London’s Paddington Square
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NewsComptoir completes senior team restructure
James Fisher will join as finance director from Wahaca in the Summer of 2024, the third of three senior appoitments at the Nick Ayerst-led business
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NewsThe Breakfast Club reports upturn in profitability
A significant loss in the first six months of FY23 led to a restructure of central costs, after which the business delivered £438k of EBITDA and continued profitability into FY24
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NewsAmber Taverns achieves record turnover
The community pub operator reported turnover of £110m, with an 11.3% rise in like-for-like sales, underpinning continued demand for its value offer
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NewsBill’s boosts EBITDA by 45%
The Richard Caring backed restaurant group reported EBITDA of £8m in 2023, driven by covers growth, strengthening efficiencies across the business, with menu pricing held at under 1% throughout the year
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NewsBrindisa reports strong demand across sectors
The restaurant, deli, and wholesale group, which operates Spanish restaurants including Kroketa in Soho, reported strong trading despite economic instability
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NewsRevolution temporarily suspends shares from trading
The pub and bar operator was unable to publish interim results by 30 March, with suspension from trading to be lifted following their publication in due course
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NewsInvestment vehicle Hestia Hospitality launches with initial £50m
Backed by individuals and family offices including Justin King CBE, Hestia’s first acquisition is sustainable restaurant concept Native, with further acquisitions to follow
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News£3.4bn Budget hangover hits hospitality
UKHospitality is calling on governments to rebalance the costs that hospitality businesses pay, and reduce its cost burden so they can make the investments needed to grow
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NewsAmber Taverns puts dartboards in all its pubs
The 171-strong pub company will include a darts area in all its pub refurbishments, in response to a surge in demand created by darts sensation Luke Littler