All articles by Shwetali Sapte – Page 15
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NewsWelcome Break reports ‘very successful’ year
The motorway service area operator saw a record performance in terms of EBITDA profitability, followed by strong momentum in the beginning of 2025
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NewsMegan’s grows revenue by 13%
The 21-strong neighbourhood restaurant group exited its Clapham Common site and is actively seeking to exit another, but said it remains committed to “disciplined, selective” expansion
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InterviewsWetherspoon: ‘We haven’t reduced opening or staff hours’
The pubco is trying to be “as efficient as possible” to cope with labour costs, but endeavours to draw in customers with “good service”, chairman Tim Martin tells MCA
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NewsSt Austell appoints Don Davis as CFO
Formerly of Hush, ASOS, and Homebase, Davis brings 30 years of retail experience and will replace current CFO Colin Stratton in August
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InterviewsAuntie Anne’s: ‘We certainly see scope for 150’
The pretzel concept is on target to reach 50 UK sites by the end of the year, and is seeking to become a household name in the longer term, MD Max Burton tells MCA
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Analysis & InsightDestination drinks capitalise on flourishing demand for spice
Brands are serving up chilli-infused drinks innovation, such as Wingstop’s mango habanero milkshake, KFC’s spicy mango lemonade, and Wagamama’s no-alcohol spicy saffron picante
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Analysis & InsightScale, financial discipline shelter Wetherspoon from cost pressures
The pubco’s margin estimates remain unchanged, implying it is coping with higher labour costs despite its value proposition, according to analysts
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NewsFelipe Athayde joins Pret as president, North America
Athayde will help take the business forward in its next stage of growth, building on the brand’s 65-strong estate in North America
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NewsSubway appoints new CEO
Jonathan Fitzpatrick, previously of Burger King and Driven Brands, joins the sandwich giant with more than two decades of franchising and QSR experience
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NewsMarston’s on track for strong Q4
The pub group anticipates strong trading, supported by a pipeline of demand-driving events, the rollout of order & pay, and ongoing revenue management initiatives
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NewsFuller’s delivers 5% like-for-like growth
CEO Simon Emeny commented on the pub company’s excellent results in the first 16 weeks of its financial year, with chairman Michael Turner stepping down after 47 years
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NewsPoolhouse secures further $1.5m
Following its $34m seed round, the competitive socialising concept has secured further funding from EMERGING, the US-based fund behind F1 Arcade, Flight Club, and Batbox
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NewsJamie Oliver opens six sites in six months
The group’s Catherine Street restaurant, which marked Jamie Oliver’s return to the UK restaurant scene, has achieved double-digit like-for-like growth
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Analysis & InsightSector insolvencies rise 6%
Accommodation and foodservice insolvencies have risen 6% between April and May, “one of many warning signs” the industry is struggling, according to RSM UK
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InterviewsTwo Magpies innovates with new concepts
The bakery group is planning to launch a new ice cream shop concept, following the success of its ‘Mini Magpies’ format, founder Steve Magnall tells MCA
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NewsOasis tour provides £4m boost to Cardiff venues
Oasis will continue their tour in Manchester, London, and Edinburgh, with hospitality venues expecting a significant boost to city centre trade
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InterviewsWasabi CEO: Growing taxation and regulation risk ‘killing the industry’
Henry Birts has said the growing burden of red tape is stifling the hospitality sector, with recent rises in costs leading to higher prices and inflation
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NewsBone Daddies reports another ‘strong year’
The 10-strong Japanese restaurant group increased revenue by 4.3% to £18.8m in FY24
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InterviewsCaprinos: ‘People are getting bored of the same old pizza’
The 110-strong pizza franchise achieved 14% like-for-like growth in H1 and plans to reach 200 sites by 2030
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NewsThe Sushi Co breaks sales records
The 21-strong fast casual concept increased sales by more than 16% year-on-year, with a 12% rise from Q1 to Q2 2025