Restaurants News – Page 480
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News
Lowther to lead Five Guys in the north
Tim Lowther, who recently oversaw the launch of Shake Shack in the UK, has been named as head of operations UK north for rival chain Five Guys
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NewsBrown moves Domino's from Sell to Hold
Leading analyst Wayne Brown has upgraded Domino’s Pizza from Sell to Hold and raised his Target Price for the company following its Q4 results yesterday where it reported a 10.9% rise in UK like-for-like sales for the 13 weeks to 29 December
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Bob Bob Ricard founder plans £15m restaurant
Leonid Shutov, the owner of London’s Bob Bob Ricard restaurant, has announced plans to invest £15m to open a new high end restaurant on the former Just St James site in Mayfair’s St James’s Street
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Busaba Eathai plans to double estate
Busaba Eathai, the Thai restaurant chain founded by Alan Yau and backed by Phoenix Capital Partners, has announced plans to double its estate to 20 sites within the next three years
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NewsFY lfls up 3.5% at TRG
The Restaurant Group (TRG), the operator of Chiquito and Frankie & Benny’s, has said that its like-for-like sales were ahead by 3.5% in the 52 weeks to 29 December 2013, with turnover 9% ahead of the previous year
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Hix eyes South Bank opening
Chef and restaurateur Mark Hix is eyeing an opening on London’s South Bank for next year
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Pre-tax losses widen for A to Z Restaurants
A to Z Restaurants, the trading name of the four-strong London Fine Dining Group, saw pre-tax losses widen from £874,000 to £1.1m in the year to 31 March 2013
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Losses narrow for IRC parent
The parent company of Individual Restaurant Company (IRC), the operator behind the Piccolino and Restaurant Bar & Grill formats, saw losses narrow in the year to 31 March 2013 as turnover grew 31.7% to £55.3m
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NewsBill’s grows pipeline
Bill’s Restaurants has further strengthened its openings pipeline, including its first site in the North West, as it gears up to open its 30th restaurant next week
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Lfls up in excess of 8.5% at Rex Restaurants
Rex Restaurants, the company led by Jeremy King and Chris Corbin, saw like-for-like sales increase in excess of 8.5% in the nine months to December 2013, driven by a combination of increases in covers and average spend
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NewsFive Guys ramps up South East presence
Five Guys, the popular US burger chain, has ramped up its presence in the South East, after securing new openings in Guildford and Kingston
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NewsFestive trading update part 2
La Tasca, ETM Group and Tortilla are the latest companies to talk to M&C Report about their performance over the festive season.
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News
La Tagliatella in UK debut talks
La Tagliatella, the Italian restaurant brand owned by AmRest, the largest independent restaurant operator in Central and Eastern Europe with 700 sites, is believed to be in talks on its first site in the UK
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Panino Giusto eyes rollout
Panino Giusto, the Italian restaurant chain, is in talks to add two further sites in central London to its UK estate
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NewsCote secures Bury St Edmunds site
Cote Restaurants, the CBPE-backed group, is set to open its first site in Suffolk, after exchanging on a unit in Bury St Edmunds.
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NewsLoungers promotes Collins to COO
Loungers has promoted current finance director Nick Collins to chief operating officer (COO) to support its push through the 50-site barrier and beyond to its 2017 target of 90 sites
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NewsSpice 2 Go eyes expansion
Spice 2 Go, the Indian takeaway chain, is targeting two city centre openings this year, M&C Report has learnt
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Jack upgrades Domino's UK forecast, expects German losses to mount
Leading analyst Douglas Jack has upgrading his UK forecast for Domino’s Pizza after the company reported a 10.9% rise in like-for-like sales in the country in Q4, although he increased his 2013 losses forecast for Germany from £6m to £7.8m
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NewsDomino's UK lfls grow 10.9%
Domino’s Pizza has reported a 10.9% rise in like-for-like system sales in UK mature stores on the 13 weeks to 29 December - “partly driven by increased digital marketing activity and more favourable timing of the Christmas break compared to last year” - and said it will transfer 13 of its 15 corporate stores in Germany to franchises
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News
Wareing wants 'less stuffy' staff
High-profile chef Marcus Wareing is to encourage his staff to be less “stuffy” and more American in their approach to service as people’s habits have changed since the downturn, according to The Telegraph