All articles by Shwetali Sapte – Page 12
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Analysis & InsightBusiness confidence sees uptick among hospitality leaders
Just over half (53%) of leaders say revenue increased year-on-year in Q2, while 28% say it dropped, according to research from CGA by NIQ and Sona
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NewsIn pictures: Dishoom Glasgow celebrates post-independence Bombay
Dishoom has unveiled the design behind its new Glasgow restaurant, blending mid-century modernism with a cinematic narrative
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Analysis & InsightSector insolvencies continue to creep up
Insolvencies in foodservice and accommodation have risen 4% month-on-month, but were down 5% from 323 in June 2024, according to RSM UK
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NewsJoseph Holt remains ‘strongly competitive’
The Manchester-based brewer and pub operator increased turnover by 3.3% to £75.9m last year
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NewsAzumi appoints new group FD
Emmalene Maxwell joins the premium restaurant group, which operates more than 25 locations globally, including Zuma and ROKA in London
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NewsGaucho Go debut ‘exceeds all expectations’
Gaucho has closed the first site under its quick-service concept, with plans to expand further after a strong customer response
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NewsUrban Baristas set to add six sites
The Aussie-inspired specialty coffee chain has six London locations in fit-out and a further nine in legals as it pushes ahead with expansion
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NewsPICK.YOUR.OWN. secures investment to accelerate rollout
The funding from Frontive Group and Cervus Investments will enable the London-based grab-and-go concept to open multiple new sites in the coming months
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NewsStonegate invests £6.5m in Slug & Lettuce
The pub company has completed refurbishments at 12 Slug & Lettuce sites, with four more planned for this year as part of a strategy to refresh the brand
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NewsTGI Fridays relaunch leads to 10% surge in covers
The turnaround strategy has led to a ‘marked improvement’ in sales performance for the casual dining chain, a month after the ‘brand revival’ on 4 July
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NewsValiant Pub Co secures additional £14m from Metro Bank
The facility brings Metro Bank’s total funding to Valiant to £26m, with the pubco well placed to grow rapidly in the coming months
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Analysis & InsightStrategic investment fuels growth in pub sector
The pubs & bars market is forecast to grow turnover by 1.9% in 2025, driven by sustained price inflation offsetting outlet declines and margin squeezes from wage inflation
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring new concepts from the teams behind Tossed and Brother Marcus, and more
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NewsBusaba acquired for £75k
The seven-strong Thai restaurant group was acquired out of administration by Seaco Investments last month
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Analysis & InsightThe British-Indian invasion: The South Asian specialists looking across the pond
With Dishoom, JKS, Kricket, and Darjeeling Express all looking to test the waters across the Atlantic, MCA examines the opportunity for these London-born, Indian-inspired operators
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NewsTaco Bell to debut in Ireland
Applegreen plans to open further Taco Bell outlets at its Irish locations over the next five years as part of a €1bn investment programme
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NewsOakman Group faced ‘substantial pressure’ from debt load
The premium pub operator made a loss of £18.1m in the year ended 30 June 2024, with like-for-like sales down 2.8%, prior to entering into administration last month
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NewsDave’s Hot Chicken launches in Manchester
The QSR concept will expand further in the North, with its Manchester opening contributing to a 37% increase in visitor numbers
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NewsLoungers celebrates 300 sites
The all day café/bar/restaurant group continues to see potential for 600+ sites in the long term, and marks its 300th opening this week with Antico Lounge in Alton
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NewsGerry’s Hot Subs looks to add two
The premium sandwich concept has offers in place for two sites in high-footfall commuter stations, founder Andre Blais confirms to MCA