Restaurants News – Page 49
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NewsTRG hopes to be “one of the long-term winners” with 40% retained estate
The Restaurant Group has reported “very encouraging” post-lockdown trading as it hopes its 60% estate reduction will allow it to emerge as “one of the long-term winners.”
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NewsBurger King assessing options for subsidiary
Burger King UK is working with advisers to review options for one of its subsidiary companies.
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NewsSoho Summer Street Festival extended
The partial pedestrianisation of streets in Soho is to be extended until the end of October, Westminster Council has confirmed.
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NewsFulham Shore delays results, predicts it will be a “successful survivor”
Fulham Shore, the parent operator behind restaurant brands Franco Manca and The Real Greek, has been granted an extension of its FY20 results by the AIM Regulation.
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NewsPolpo files for administration
Venetian-style small plates concept Polpo has filed for notice of administration, according to the Times.
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NewsSales plummet at GBK
Gourmet Burger Kitchen system-wide like-for-like sales fell 66.2% for the six months to 27 August 2020, parent company Famous Brands has reported.
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NewsVarious Eateries enters AIM
Various Eateries, the Hugh Osmond-backed operator of the Coppa Club, has entered its first day of trading on the AIM today (25 September).
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NewsGiggling Squid to open in Cambridge
Thai restaurant group Giggling Squid is set to open a new site in Cambridge next week.
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NewsGusto CVA sees four sites close
Gusto Italian has completed a CVA process which secures the future of the business and 600 jobs, but results in four restaurant closures.
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NewsBig Mamma launches delivery brand Napoli Gang
Big Mamma, the operator of Gloria and Circolo Popolare, is launching a delivery-only brand, Napoli Gang.
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NewsBoparan swaps Carluccio’s for Slim Chickens in Trafford Centre
Boparan Restaurant Group (BRG) is to open the ninth branch and largest Slim Chickens restaurant to date in Manchester’s Trafford Centre in November.
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NewsTRG revises remuneration policy
The Restaurant Group has announced its intention to replace its performance-based long-term incentive plan (LTIP) with a restricted share plan. The company’s existing remuneration policy is set to expire in 2021, but given the “exceptional events” of 2020 related to the pandemic, the committee has decided to accelerate its review and has recommended a new plan “which is better aligned to the long-term interests of the company and its shareholders.”
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NewsWelcome Break shows “resilience” in post-lockdown recovery
Motorway service operator Welcome Break has seen a “resilient” recovery in sales post-lockdown, owner Applegreen has announced.
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NewsWhitbread non-exec steps down
Whitbread non-executive director Deanna Oppenheimer is to step down from the board this year.
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NewsGBK enters sales process
Gourmet Burger Kitchen parent company Famous Brands has initiated a sales process for the chain. Last month, the South Africa-based group said it was continuing to explore “all options” to ensure the long-term sustainability of the brand in light of the coronavirus crisis, but has since decided to let go of the business.
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NewsD&D to open Bristol restaurant next month
D&D London is set to open an all-new restaurant in Bristol next month.
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NewsDomino’s delivers 5,000 new jobs after strong lockdown trading
Domino’s UK & Ireland will be hiring an additional 5,000 staff following a surge in demand during the coronavirus crisis.
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NewsNando’s to roll out delivery nationwide in exclusive Deliveroo partnership
Nando’s has entered into an exclusive partnership with Deliveroo, which will see 360 of its restaurants join the delivery platform.
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NewsThe Estrella Damm National Restaurant Awards Top 100 Auction raises over £117k
The Estrella Damm National Restaurant Awards Top 100 Auction has raised over £117k for industry charity Hospitality Action.