All news articles – Page 99
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News6,000 hospitality venues closed in 2023
Continued cost pressures have hindered investment in the sector, with data suggesting new openings have reduced for the third year in a row
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NewsBoojum to open first site in mainland UK
The Ireland-based fast casual chain, which was acquired by Azzurri Group last year, plans to open 25 stores over the next five years
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NewsNew Year’s Eve breaks records at Incipio
The group cited seasonal activiations, high energy brunches, and the use of TikTok for driving strong like-for-like growth over the festive season
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NewsStarbucks hit by political ‘misconceptions’
The coffee giant has revised down its sales forecasts, citing the negative impact in the Middle East and in turn the U.S., where it has been targeted by political protesters
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NewsCaring’s Le Caprice eyes return at Qatari Diar redevelopment
The real estate investment company is said to be in talks to sign Richard Caring’s Le Caprice and the Italian-American restaurant Carbone, for its redevelopment of the former US Embassy in Mayfair
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NewsBuzzworks plans to double size of business
The Scottish hospitality group continues to invest in new and existing venues, but says it is not immune to external factors which will impact the pace for growth.
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NewsBrakspear acquires two pubs from New Dawn
Two Hampshire pubs, the Rose & Crown near Alton and The Royal Exchange near Bordon will join Brakspear’s 110-strong leased and tenanted estate
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NewsDelivery Hero sells £83m stake in Deliveroo
The Financial Times reports the move comes as the delivery sector continues to readjust from the highs of the pandemic-boom of consumer demand for takeaways.
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NewsTortilla to open four new travel hub sites with SSP
The Mexican-inspired restaurant brand first partnered with SSP in 2019 with a site at Euston station, and its growth strategy continues to target transport hubs and universities.
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NewsSSP boosted by break in rail strikes
UK sales grew by 22.8% to to £207m in Q1, reflecting good passenger numbers in the air travel and rail networks
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NewsComptoir looks to the year ahead 'with confidence'
The Lebanese-inspired restaurant group expects to report revenue of approximately £31.5m for the 52-week period ending 31 December 2023
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NewsGreene King to hold talks over slavery reparations
The pubco is to hold a meeting with officials from Caribbean nation Kitts and Nevis, who have asked for reparations over Greene King’s founder’s links to slave trade
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NewsLicensed Trade Charity appoints Chris Welham as CEO
Welham, who has worked in hospitality for over 27 years, will succeed current CEO Jim Brewster at the beginning of March
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NewsWingstop plots biggest year of expansion
The wing concept announced its biggest openings pipeline since its UK debut in 2018, with nine new locations to open this year and a further six under negotiation for 2024
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NewsFarmer J secures £5.5m investment
The funding round, led by venture capital firm Beringea, will aid the London-based concept to expand within the UK and launch internationally
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NewsLoungers celebrates 250 sites
The all-day concept opens its 250th site - Pionero Lounge in Rochdale - today, and remains on track to open 34 sites in the current financial year
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NewsBuns From Home promotes Shereen Ritchie to CEO
Ritchie, who joined the London bakery chain as COO eight months ago, has taken the helm as Buns From Home gears up for further expansion
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NewsLucky Voice marks best ever Christmas
The karaoke concept achieved sales growth of 48% in the four-week period leading up to Christmas, compared to 2022, while like-for-like revenue was up 11%
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, including Wagamama, Pret a Manger, Urban Greens, Cornish Bakery and more
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NewsMulti-purpose dining destination planned for Queen Elizabeth Olympic Park
The London Legacy Development Corporation has partnered with bar and events specialist Peppermint to create a large-scale hospitality and leisure space, featuring a rooftop garden and street food area