All Property articles
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NewsBowland Inns reports 3% revenue rise
The Lancashire-based group said its acquisition of Wennington Hall helped drive revenue growth, though the ongoing impact of high interest rates led to pre-tax losses widening
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InterviewsYoung’s: ‘We want to look at growing more pubs within London’
CEO Simon Dodd says the premium pub operator is looking to acquire smaller one or two site groups to grow its estate and is exploring both lease and freehold opportunities
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NewsIn pictures: Jamie’s Italian Leicester Square
Spread over three floors, the restaurant will have space for 140 covers and is ‘designed to blend nostalgia with modernity, capturing the original essence of Jamie’s Italian with a contemporary twist for today’s diners’
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Analysis & InsightIs competitive socialising reaching saturation point in the UK?
The experiential leisure segment continues to expand at a rapid rate, but there are increasing signs a period of market correction and consolidation could be close
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NewsIRO Sushi launches joint venture programme
The QSR chain has partnered with a leading high street bank to finance joint-venture franchised stores as it looks to accelerate its UK expansion strategy
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NewsStonegate advisors set out leasehold restructuring proposals
The pub and bar company appointed FRP Advisory last month, with documents seen by MCA outlining proposals for a ‘cross-class cram down’ on dissenting creditors, meaning it can press ahead with the restructure without the approval of all landlords
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NewsCosta boosts staff wages and invests £1.5m to drive further Welsh expansion
The coffee giant will increase pay for team members across its 1,500 UK company-owned stores in April with baristas set to benefit from a 4.1% rise
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NewsTourist tax ‘the wrong policy at the worst possible time’
A government consultation on proposals to give Mayors powers to to introduce overnight visitor levies in England closed yesterday
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InterviewsBoxpark: ‘You’re more likely to see us do deals internationally than the UK’
CEO Matt Snell says with a stagnant home economy, he is focussing on the turnaround of Boxpark’s core business, as well as lucrative event pop-ups and international opportunities, after walking away from sites in Bristol and Birmingham
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NewsPrue Freeman speaks out over parks row
The Daisy Green founder has defended her company’s takeover of three North London cafe, saying it was not a ’David & Goliath’ situaiton
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InterviewsDoner Shack: ‘The US is our most important territory for expansion’
Co-founder Sanj Sanghera says the Berlin-inspired QSR brand has signed dozens of franchise agreements for the US and is also exploring options for company-owned sites across the pond
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InterviewsCastle Pubs: ‘What we’re seeing is our guests very much still want to go out’
Operations director Dan Barnett tells MCA that trading across the M&B-owned pub group’s estate has been ‘encouraging’ with an ongoing refurbishment programme driving stronger sales in the long term
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NewsSale discussions continue following Sixes administration
The experiential cricket concept, which called in administrators back in December, has now shuttered several locations having been ‘unable to achieve a sustainable operating model amid fierce competition’
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NewsWestmorland grows turnover and profit against ‘uncertain economic backdrop’
The motorway service area operator says total turnover increased by 1.7% in its latest full year results with pre-tax profits rising to £8.1m
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Weekend PressKate Nicholls: 'The help for pubs is a good start, but there’s so much more to be done'
Businesses in hospitality all benefit from one another — it is a virtuous circle. The Government must do more, writes the UKHospitality chair in The Standard
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InterviewsPitch tees up smaller format to support expansion drive
The competitive socialising brand will launch a smaller footprint venue in London this year with co-founder Chris Ingham telling MCA it will unlock greater expansion opportunities both here and overseas
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NewsThe Mayfair Chippy heads to Saudi Arabia following franchise deal
The group, which is also seeking further London sites, will make its international debut in Riyadh this summer under a franchise deal with property developer Alidara Real Estate
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NewsBuzzworks reports ‘resilient year’ of trading and investment
The Scottish hospitality operator saw revenue rise, but underlying EBITDA fall slightly against a ‘tough operating backdrop’
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NewsPunch acquires 30 pubs from McMullen’s
The acquisition was described as a ‘small but strategically important’ addition to Punch’s estate, with the pubs located predominantly across Hertfordshire and Essex
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InterviewsFreight Island: ‘We really want to be adding to a city if we open there’
Managing director Dan Morris tells MCA about the group’s plans to quadruple the size of its estate over the next 18 months with openings in London, Newcastle and Leeds