All articles by Shwetali Sapte – Page 12
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NewsKFC launches new spinoff concept Saucy
Saucy will debut in Orlando, Florida, later this month, offering a menu focused on chicken tenders and 11 sauce options
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NewsOpenings of the week
MCA rounds up the week’s biggest openings stories, featuring Young’s Pubs, GDK, JÖRO, and more
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NewsUKHospitality: Inflation and lacklustre growth ‘paint troubling picture’
The trade body has renewed calls for the government to rethink its changes to NICs, following the jump in inflation to 2.6% in November
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NewsDrake & Morgan remains resilient
The Bowmark Capital-backed, London-based bar and restaurant group achieved turnover of £45.5m, with Christmas trading set to beat last year’s records
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NewsAzzurri Group delivers transformational year
The group achieved an 18% increase in revenue to £303.1m for the year ended 30 June 2024, while successfully transitioning from a pure-play restaurant operator to a hospitality investment platform
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NewsChopstix targets £200m within three years
The Asian-inspired QSR chain also aims to reach 300 sites within three years, and has launched a new employment initiative as part of the strategy
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NewsMarston’s announces price rises
The price of a pint has increased by approximately 10p, with varying price rises across the country
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NewsWingstop achieves 122% increase in turnover
Turnover rose to £84.7m for the year ended 31 March 2024 while like-for-like growth stood at more than 50%, with the QSR chain in the midst of a sales process
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NewsRichard Franks joins Shake Shack
The former managing director of Hop Vietnamese and Chilango has been appointed UK business director at Shake Shack
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NewsShepherd Neame announces new NEDs
Marion Sears and Margaret Lustman have been appointed as non-executive directors, with Hilary Riva and Kevin Georgel to step down on 31 March
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NewsFairgame plans to triple estate
The competitive socialising concept, launched by Richard Hilton and Paul Campbell in 2022, has secured a second location in the City and is in negotiations on its first international site
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Analysis & InsightHospitality sees first real-terms growth since June
Year-on-year sales growth stood at 2.7% in November 2024 - marginally above the rate of inflation - and provides cautious optimism for the festive season, according to the CGA RSM Hospitality Business Tracker
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Analysis & InsightFoodservice insolvencies see year-on-year decline
Insolvencies in the sector were down 24% in October 2024, although RSM UK expects to see an uptick next year due to post-Budget headwinds
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NewsNEOS announces multimillion-pound investment as part of evolution strategy
The £2.5m refurbishment of Pryzm Bristol is part of an ongoing evolution to strengthen and expand core brands and diversify the group’s offerings
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NewsHagen unveils new espresso bar concept
The Danish-inspired speciality coffee group has launched a new site in London’s Mayfair, which houses a roasting room and circular bar
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NewsParts of Ibérica sold out of administration to Camino
Spanish restaurant group Camino has taken over Ibérica’s sites in Victoria and Farringdon, preserving part of the business - although three remaining locations have closed
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Analysis & InsightA taste tour through London’s Bermondsey
From established concepts like Bleecker and Pizza Pilgrims to emerging innovators like The Untitled Sandwich Shop, Lumina Intelligence’s Q4 concept tour showcased indulgence, experiential dining, and all-day and multifunctional concepts
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NewsPizzaExpress appoints Colin Elliot as CFO
Elliot, who will commence the role in the new year, is currently a managing director at investment real estate firm CBRE
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NewsJulian Metcalfe on mitigating labour cost inflation
The itsu founder told the Daily Mail the brand will continue relying on technology to ensure its offer remains affordable, as it looks to open “thousands” of stores
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NewsThai Leisure Group: Budget ‘direct hit’ on growth
Hospitality operators have warned of closures, with managing director Ian Leigh saying that recent changes in National Insurance “were enough to spook our investors”