All articles by Shwetali Sapte – Page 122
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NewsCreams appoints new CEO
Everett Fieldgate, formerly of Yum! Brands and Costa Coffee, will take over as CEO while Othman Shoukat will continue as MD until the end of the year
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InterviewsYummy Collection: ‘The strategy is to create an incubator business’
Founder Anthony Pender speaks to MCA about the newly restructured business, which is eyeing freehold properties in the M25 corridor
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NewsMarugame Udon Europe rolls out next stage of expansion
The Japanese noodle concept is planning to open 150 sites across Europe by 2027, with six sites to open in the UK by spring 2023
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NewsWhitbread announces profits beyond pre-pandemic levels
The Premier Inn operator has reported a rise in profits in the first half of the 2023 financial year, with revenue up by 25% on H1 FY2020
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NewsVarious Eateries reports sales ahead of market expectations
The Coppa Club and Tavolino operator has reported sales at £40m for the year ending 2 October, along with plans to further grow its estate
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NewsNew World Trading Company introduces North Light concept
NWTC has announced a new bar and restaurant concept called North Light, due to open in Chester early next year
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NewsInn Collection Group acquires further Welsh hotel
The Inn Collection Group has acquired the St Kilda Hotel in Llandudno, Wales, to add to its growing estate of pubs with accommodation
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News‘Stable political leadership is critical’
Following the announcement of new Prime Minister, trade bodies have called on Rishi Sunak for political stability and a reform of the business rates system
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NewsHospitality Rising launches recruitment campaign
The recruitment campaign has launched after raising £850,000, and hopes to continue in the coming years
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Analysis & InsightConsumers to cut down on nights out amid cost of living crisis
Over a third of respondents will be significantly reducing the amount they go out in the coming months, according to the latest Rekom UK Night Index
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NewsJulian Metcalfe: ‘Everything is going to rocket in price’
Speaking to The Telegraph, the Pret and Itsu founder recommended a reduction in VAT and business rates as well as an easing of immigration policy
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NewsLoungers appoints marketing director
Kate Lister, former marketing director for Ole and Steen. has joined the Loungers team
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Analysis & InsightConsumer confidence reaches record low
UK consumer confidence fell for a fifth consecutive quarter, reaching a record low of -20%, according to the Deloitte Consumer Confidence Tracker
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NewsYummy Collection appoints non-executive director
The newly restructured, Anthony Pender-led business has appointed former Punch Pubs MD Paul Pavli as non-executive director
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NewsDeliveroo growth continues to slow amid headwinds
Growth in gross transaction value in the UK & Ireland outperformed international growth in Q3 2022, but declined quarter-on-quarter
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Analysis & InsightHospitality among sectors with highest number of critically distressed businesses
There has been a 48% rise in the number of bars and restaurants in critical financial distress between Q3 2021 and Q3 2022
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InterviewsCaprice Holdings: ‘We’re proud to be investing in the industry’
MD Richard Clark speaks to MCA about Caprice Holdings’ newest concept, Bacchanalia, and Richard Caring’s vision behind the launch
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InterviewsAnglian Country Inns: ‘We’re creative and flexible with our offer’
MD James Nye speaks to MCA about strong like-for-like growth and the acquisition strategy for the pub and inn operator
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from Formula 1, Miznon, Gaucho, Daisy Green, and more
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NewsBoston Tea Party reports loss in 2021
The 25-strong cafe operator reported a drop in sales in the year to October 2021, but stated it is well placed to navigate headwinds in the current financial year