Restaurants News – Page 504
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Domino's showed 'decent progress'
A leading analyst has issued a Hold recommendation for Domino’s Pizza after its Q3 results yesterday, predicting 11% profit growth this year and saying the UK business appears to be in good shape, although he expressed disappointment about the reduced UK openings target
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US menus 'add healthy elements'
A leading expert on menu trends in US restaurants has highlighted a shift in focus from operators talking about removing salt, fat and sugar from dishes to adding what’s perceived as healthy additions to meals
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Pullen eyes leisure acquisitions after pub disposal
Terry Pullen, operator of a number of restaurants and hotels in London and Surrey, has announced plans to expand acquire more multi-faceted leisure and hospitality venues in London after selling a Kent pub to Redcomb Pubs, the southern pub operator
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Response to new Tesco food offer “positive”
Tesco has this morning reported that the initial customer response to its three pilot remodelled Extra sites, which include its first instore Giraffe, Harris + Hoole and Decks units, has been “very positive”
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Harry Ramsden's raises UK expansion target
Harry Ramsden’s, the iconic fish and chip chain, has significantly revised upward its UK expansion targets to reach 250 sites over the next five to seven years, M&C Report has learnt
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Beef 'O' Brady's targets UK
Beef ‘O’ Brady’s, the American neighbourhood sports restaurant/pub operator, hopes to launch in the UK next year and target suburbs, M&C Report has learnt
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Fulham Shore create new venture for Franco Manca expansion
Fulham Shore, the new restaurant venture from ex-Clapham House Group chairman David Page, is to invest c£250,000 in a new venture to operate Page’s Franco Manca pizza concept under franchise
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Chop and Wok secures first London site
Chop and Wok, the Birmingham-based Indian and pan-Asian food concept, has secured its first site in London, in Westminster
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Anthony Demetre opens pop-up with Restaurant Associates
The company says AD12 at Tower 42 in the City could pave the way for more collaborations with top chefs
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Cabana secures Islington site
Cabana, the fledgling Brazilian concept led by David Ponte, founder of the Momo and Mocoto restaurants and restaurateur Jamie Barber, has secured its fifth site in London in Upper Street Islington
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Hakkasan director of operations departs
Duncan Pitfield has stepped as director of operations at Hakkasan, six months after joining the company
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YO! Sushi and Koh Thai Tapas win at hospitality awards
YO! Sushi and Koh Thai Tapas have been named among the winners of the Best Employers in Hospitality Awards 2013
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Jack: Domino's lfls ahead of expectations
Leading analyst Douglas Jack of Numis has issued a Buy recommendation for Domino’s after its trading update this morning, saying that its Q3 like-for-likes were ahead of his expectations
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Investors circle Yalla Yalla
A number of private equity groups are currently engaged in talks to invest in Yalla Yalla, the Lebanese restaurant concept
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Cinnamon Kitchen to launch mobile unit
Cinnamon Kitchen, the City-based restaurant, is to launch a mobile Indian street kitchen concept called ‘Joho Soho’ at festivals next year
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ASK raises £250k for charity
ASK Italian has completed its nationwide charity tour, which is set to raise £250k for Great Ormond Street Hospital Children’s Charity
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Le Bistrot Pierre secures expansion fund
Le Bistrot Pierre, the highly-rated French restaurant chain, has secured a new multi-million pound financing deal that will see the 10-strong group double the number of its outlets over the next four years
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FY EBITDA climbs 11% at Pho
Pho, the the Isis Equity Partners-backed Vietnamese fast-casual concept, has reported an 11% increase in EBITDA for the year to the 24 February, as turnover climbed 26% to £8.2m
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FY EBITDA falls at Itsu
Itsu, the chain founded by Julian Metcalfe and led by Gerard Loughran, reported a drop in EBITDA for the year to 3 January 2013 to £3.26m, against £3.6m in 2011/2012, as turnover climbed 22% to £45.2m on the back of eight new site openings
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San Carlo confirmed for Manchester Selfridges
San Carlo, the family-run Italian restaurant chain, has confirmed that it will replace Aubaine, the French restaurant and patisserie concept, at the Selfridges in Manchester