Restaurants News – Page 503
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Market-restaurant hybrid trend on the rise
In response to retail chains acquiring restaurants, restaurant groups will start buying markets, as we move towards a new hybrid offer “the markaurant”, according to Chris Muller, the leading academic expert in the field of chain restaurant
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NewsByron set for Shoreditch
Byron, the Gondola-owned gourmet burger chain, has secured a further site in London, after taking a unit at the Avant Garde development in Shoreditch, M&C Report has learnt.
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Chopstix makes motorway bow
Noodle Oodle Group is to take the rollout of its Chopstix brand into the motorway sector, with the opening of units at Extra service stations
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NewsJohnson: On verge of revival in IPO market
If the revival of the IPO market continues, the sector could see up to 10 restaurant companies go public over the coming 18 months, according to serial investor Luke Johnson
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Tapas Revolution lines up third site
Spanish chef Omar Allibhoy is understood to be lining up a third site for his Tapas Revolution concept
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NewsFive Guys closes in on Lakeside
Five Guys is understood to have secured its second site outside of London, after agreeing to take a unit at Lakeside Shopping Centre’s new £9m foodcourt in Essex
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Hix takes chicken and steak to the City
Chef, restaurateur and food writer Mark Hix is doubling up on the success of Tramshed, having acquired the now-defunct Sushinho site in London’s Devonshire Square to open another restaurant under the chicken and steak concept
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Champagne & tapas concept acquires final Chez Gerard
Brasserie Bar Co, the Mark Derry-led group, has sold its remaining Chez Gérard site in Bishopsgate, after receiving “an offer we could not refuse” from a new Champagne and tapas concept
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NewsFY EBITDA doubles at Leon
Leon has reported that EBITDA for the year to the end of 2012 more than doubled from £442k to £920.5k, in a period in which it opened two new stores
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NewsBarburrito closes in on second London site
Barburrito is close to securing its second site in London’s Farringdon, one of two it hopes to add in the capital by the end of the yea
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Chaophraya strengthens pipeline
Chaophraya has secured the first two sites for new street food concept, Thai Pad, and is closing on a restaurant in Nottingham for its core eponymous brand
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Chimichanga closes in on Highcross site
Prezzo, the Jonathan Kaye-led group, is understood to be closing in on a site in Leicester for its Mexican brand, Chimichanga.The 33-strong group is understood to be in advanced talks to take a unit in the site’s Highcross shopping scheme. The brand recently secured a site in Touchwood Solihull for ...
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NewsMcDonald's UK PBT grows 14.5%
McDonald’s UK saw pre-tax profits grow 14.5% to £202.2m in 2012, in what it called “sound results in a difficult business climate”
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Comptoir Libanais secures Chelsea site
Cadogan Estates, which owns the site, said it’s part of a wider initiative by the property owner to create a more vibrant food and beverage offer across its estate that takes greater advantage of the scheme’s extensive outdoor space
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Nose Ltd eyes two-pronged rollout
Nose Ltd, the restaurant group led by Ged Lynch, is to focus on the rollout of its US/Australian-themed bar and cafe concept called Mud Crab and its gastropub format Pointing Dog , after closing its remaining Felicini site, M&C Report understands
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NewsDean’s Diner to be Richoux’s growth brand
Dean’s Diner, the 1950’s-inspired American diner format is set to be the core growth brand for Richoux, the AIM-list restaurant operator, over the next few years
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Leisure part of Plymouth-based scheme marketed
The long leasehold interest of a pair of buildings that house the eating and drinking-out part of Plymouth’s Royal William Yard scheme has been placed on the market, with offers of £8m sought, M&C Report has learnt
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NewsFY turnover tops £40m at Las Iguanas
Las Iguanas, the Bowmark Capital-backed chain, saw turnover break the £40m mark in the year to 30 March 2013, a period in which it said like-for-like sales continued to perform “well ahead of the sector”, thanks to the positive impact of the Olympics on three of its London-based sites
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Sushinho company placed into administration
Sushinho City Ltd, the company behind the eponymous Japanese/Brazilian fusion restaurant based in London’s Devonshire Square, has been placed into administration, M&C Reportunderstands
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Operators eye York’s Monk’s Cross scheme
Giraffe, Ed’s Easy Diner and Prezzo are believed to among the line up of operators poised to take sites at the Monk’s Cross shopping scheme in York, which is set to fully come online next spring