Restaurants News – Page 388
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Red Hot's Liverpool One site temporarily temporarily closes
Red Hot World Buffet, the Risk Capital Partners backed buffet group, has temporarily closed its Liverpool One restaurant following a visit from environmental health officers, the Liverpool Echo reports
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Wasabi strengthens pipeline
Wasabi has further strengthened its openings pipeline with three further sites secures in London and a third unit lined up for New York
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Five Guys UK up to 20
Five Guys will open its twentieth UK site later this morning in Edinburgh and hopes to add 22 units in total across the country this year
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Honest Burgers: Active has a long-term vision for the brand
Dorian Waite, co-founder of Honest Burgers, has told M&C Report that new backer Active Private Equity has a long-term vision for the brand, including targeting five to eight openings a year
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Jamie’s confirms More London opening
Jamie’s Italian, the restaurant group spearheaded by Jamie Oliver, has confirmed it will open a further flagship site in central London, near London Bridge.
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FY turnover up at Giggling Squid
Giggling Squid saw turnover for the year to 31 March 2014, climb to £4.5m, up from £2.7m in the previous 12 months, as it looks to step up its openings rate to seven or eight sites a year
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Wagamama turnover reaches £181m
Wagamama, the Duke Street Capital-backed noodle chain, saw turnover for the 12 months to November 2014 reach £181.1m, with unadjusted EBITDA of £26.3m
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Active Private Equity takes stake in Honest Burgers
Active Private Equity, the backer of Leon and Evans Cycles, has taken a c50% stake in Honest Burgers, the London-based better burger concept
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SSP open second Cabin at Newcastle airport; set for Stansted
SSP, the travel concession operator, has opened a second Cabin bar at Newcastle International Airport.
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Pizza East closes in on regional opening
Soho House is believed to be in talks to replace Busaba Eathai at Bicester Village with its Pizza East brand
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YO! Sushi property sold for £6m
Amazon Property has sold the restaurant unit housing YO! Sushi in London’s Poland Street for £6m
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Red Dog eyes expansion
Red Dog Restaurants, operator of the Red Dog Saloon and Red Dog Sandwiches, is planning to expand both brands across London and the UK
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Iberica looks to Leeds
Iberica, the Spanish restaurant group, is in talks to open a restaurant in Leeds, following its first site outside of London that is opening at Manchester’s Spinningfields in March
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Busaba Eathai confirms Shoreditch flagship site
Busaba Eathai, the casual-dining Thai restaurant group, is opening in London’s Shoreditch while exiting its Bicester site in favour of a pop-up in the Oxfordshire village, chief executive Jason Myers told M&C Report
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IRC execs take stakes in fledgling businesses
Steven Walker and Vernon Lord of Individual Restaurant Company (IRC), have taken stakes in the fledging operations run by Roy Ellis and Des McDonald
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Record month for MeatLiquor
MEATliquor reported gross turnover of c£1.2m across its six sites in December, which included a record month for its original site
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Yau hints at Babaji Pide rollout
Alan Yau, the founder of Wagamama, has hinted that expansion is on the cards for his new Turkish pizza concept Babaji Pide
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Campbell: Valuations are becoming unrealistic
Leading sector investor Paul Campbell has said that valuations of businesses are becoming unrealistic
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The Smoke Haus to reach four in 2015
Fledgling American diner concept The Smoke Haus, is opening its third and fourth sites this year in Bristol and Birmingham, M&C Report has learnt
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Operators sign up for Bromley extension
A handful of leading operators have already signed up to open in the Queens Gardens extension to the Intu Bromley scheme