All news articles – Page 87
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NewsArc Inspirations secures £7m
The funding from lender HSBC and shareholders including BGF will support plans for four sites a year over the next five years
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NewsTim Martin: ‘We got a rush of blood to the head’
The Wetherspoons chairman told Sky the pub company had sometimes doubled up in towns were it should have kept to just one pub
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NewsHeartwood acquires historic East Barnet pub from Stonegate
The Prince of Wales, established in 1876, was the subject of a campaign from local residents and politicians after it emerged it would close
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NewsIn pictures: The MCA Hospitality Awards 2024
The leading players in the hospitality sector gathered at The Guildhall last week, with Dishoom, Albert’s Schloss, Loungers and Gail’s all taking home a trophy
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NewsPopeyes opens four in 10 days
The Louisiana fried chicken brand has opened in Country Durham retail park, Bishop Aukland retail park, and Exeter High Street, part of a plan to open 30 new sites in 2024
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NewsRob Lynch swaps Papa Johns for Shake Shack
Lynch, who has been CEO at the pizza chain since 2019, suceeds Randy Garutti at the premium burger brand
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NewsOpenings of the week
MCA rounds up the week’s biggest openings stories, including German Doner Kebab, Inn Collection Group, Proper Pubs and more
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NewsSales continue to improve at Wetherspoons
Like-for-like sales were up 10% in the second half of FY24, while reveue grew by 8% to £991m. Chairman Tim Martin said pubs were generating 50% more sales than ten years ago, with ambitions to grow the estate to 1,000
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NewsChesterford makes strategic move into London
The group has acquired famous Muswill Hill fish and chip shop Toff’s, with plans to improve its tech capabilities and grow the brand across London
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NewsPandemic-driven delivery boom stabilises
The delivery market is expected to grow +2.8% to a value of £14.1bn in 2024F, but there is work to do to cement habitual behaviour amongst consumers, according to Lumina Intelligence
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NewsShepherd Neame sees drop-off of bottled beer
The Kent brewer has restrucured its packaging and logistics operation after a decline in cask ale and off-trade beer volumes, but sales of keg ale and craft lager reamin strong
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NewsRedCat appoints director of F&B
David Peevers, formerly of Urban Pubs & Bars, Metropolitan and TRG, will join the senior leadership team and report to CEO Richard Lewis
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NewsFresh tube and rail strikes in April and May
Members of the Aslef union will stage strikes across 16 rail companies as well as two 24-hour strikes on the London Underground in April and May
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NewsUKHospitality cautions against above-inflation cost increases
The trade body welcomed the fall in inflation, but emphasised hospitality will bear the brunt of upcoming rises in business rates and wages
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NewsSan Carlo: ‘It’s an exciting market out there’
Like-for-likes are in double-digit growth as the Italian restaurant group prepares to open six restaurants in the next 18 months, according to MD Marcello Distefano
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NewsShepherd Neame achieves record revenue
The Southeast-based pub operator saw revenue rise to £89m for the first half of the financial year, with strong like-for-like sales growth in both tenanted and retail pubs
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NewsLoungers appoints CFO
Stephen Marshall will replace Gregor Grant as chief financial officer at the all day café/bar/restaurant operator
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NewsGusto Italian launches subscription-based loyalty scheme in casual dining first
The group has become the first casual dining brand to launch a scheme that allows guests to access benefits by paying upfront
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NewsXP Factory sees potential for over 150 UK sites
The competitive socialising business sees opportunity to scale the business considerably domestically and internationally, and said the focus would remain in the UK in the short-term
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NewsMajestic Wines in talks to buy Vagabond
Majestic, which is owned by Punch Pubs backer Fortress Investment Group, could strike a deal to buy Vagabond within days, Sky News reports