Restaurants News – Page 8
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NewsPho sales top £70m
The TriSpan-backed Vietnamese restaurant group achieved like-for-like sales growth of 5.2% in FY24, with two openings in the pipeline
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NewsKaren’s Diner UK arm enters into administration
The Australian restaurant chain, which is famous for staff who are deliberately rude to customers, has reported ‘mounting financial pressure’ resulting in the closure of its UK operations
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NewsGreene King to launch new experience-led dining destination
HighTales will open in Stoke-on-Trent following a multimillion-pound refurbishment to create ‘experience-led’ zones, including cinemas and pop-up food trucks
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NewsChopstix to make European debut
The QSR operator is to open a Chozen Noodle unit on the ground floor of the food court at Romania’s Bucharest Henri Coandă International Airport later this month.
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NewsAdministrators ‘on standby’ at Hostmore
Restructuring experts at Teneo have been tasked with leading the search for potential buyers of TGI Fridays UK restaurants, The Telegraph reports
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Flight Club, Afrikana, Pizza Pilgrims, Lina Stores, and more
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NewsThe Tamil Prince team to launch new casual dining concept
Located on Clapham’s Northcote Road and spearheaded by former Roti King executive chef Prince Durairaj, Tamila aims to “redefine the curry house”
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NewsSalt Bae restaurant sees turnover drop
The Nusr-Et Steakhouse in London’s Knightsbridge reported £9.3m in turnover in 2023, down from £13.6m in 2022
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NewsHawksmoor to double rate of expansion under new owners
The majority of this focus will be on America, though there could also be more UK restaurants if the right opportunities arise, according to CEO Will Beckett
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NewsSmashburger returns to expansion trail
The QSR brand, which is operated by Domino’s franchise MSG Group, is opening its first site since 2017 in Cambridge
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NewsThe Restaurant Group delivers double-digit growth across divisions
CEO Any Hornby hailed a “genuinely transformational year for TRG” where Wagamama saw 11% lfl growth, and Brunning & Price pubs and Concessions saw a 10% and 29% uplift respectively in 2023
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NewsShake Shack actively pursuing new sites
The group, which recently opened its 17th UK location in St Pancras, reported £49m in sales in 2023 and is encouraged to continue expanding due to an improved trading landscape
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NewsMegan’s sees return to profitability
The all-day restaurant group has achieved a record £29.6m in revenue, up nearly 12% year-on-year, as it continues expanding outside the capital
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NewsPrezzo is in ‘a much stronger place’
Prezzo is in “a much better financial position” following its restructure as well as the ongoing work being carried out to refresh its menu and restaurant estate, chair Jonathan Goldstein tells MCA
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NewsSeoul Bird launches new kiosk format
The new outpost has opened in Tottenham Hotspurs Stadium as the Korean fried chicken concept also prepares to make its airport debut
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NewsMowgli launches loyalty programme
The Mowgli Club app allows customers to earn £25 off their bill by collecting six stamps, as the Indian restaurant chain continues to expand across the UK
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NewsBill’s to return to expansion trail
The Ricard Caring-owned restaurant chain is looking to open “hybrid” versions of its traditional restaurants and new cafe concept, following record sales
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NewsGen Z don’t want to talk to waiters, says Bill’s boss
MD Tom James says younger customers prefer ‘communicating through their phones’
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NewsSt John returns to 1994 prices for 30th anniversary
The ‘nose to tail’ Michelin-starred restaurant will serve customer favourites such as the roast bone marrow and parsley salad for just over £4
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NewsSmashville on the lookout for franchisees
The smash burger concept is targeting forecourts as well as high street locations for expansion through franchising