All articles by Shwetali Sapte – Page 2
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News
Deliveroo: ‘More stable but still uncertain’ consumer environment
Order growth in the UK and Ireland remained flat year-on-year, albeit the delivery company reported ongoing signs of stabilisation in consumer behaviour
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News
WatchHouse launches crowdfunding campaign
The coffeehouse concept reported that trading in Q1 2024 was up 120% compared to 2022, as it encourages investors to support its ambitions for global expansion
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News
Loungers continues to go from strength to strength
The all-day concept has opened a new site every 10 days so far this year, bringing its estate to 257 as it looks to reach the 600-site mark
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Interviews
Chestnut Group: ‘We want to build an iconic collection’
Founder Philip Turner speaks to MCA about achieving 14% like-for-like sales growth, investing in the accommodation business, and “constantly giving people reasons to come back”
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Interviews
TGI Fridays deal ‘pretty huge win’ for both businesses
Speaking after an agreement was announced for Hostmore to acquire the US-based TGI Fridays in a reverse takeover, chairman Stephen Welker tells MCA how the business has not received due credit in the market for its turnaround
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News
Des Gunewardena to launch Engel and Jang
The restaurateur has revealed details about two distinct concepts - a cocktail bar and Korean-Japanese restaurant - launching in the London Royal Exchange this summer
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News
Hostmore to acquire franchisor TGI Fridays US
The proposed reverse takeover would bring together the casual dining brand’s largest franchisee with its global franchisor for an enterprise value of £177m, with the combined group to be renamed TGI Fridays plc
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Interviews
Gail’s: ‘We’ve kept the brand at its purest’
MD Marta Pogroszewska speaks about the premium bakery concept’s approach to scaling nationwide and its appetite for testing new models, as it prepares to open its 131st shop this week
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Interviews
Portobello Pubs: Darwin & Wallace a ‘highly complementary’ acquisition
Chairman Mark Crowther tells MCA the group has already begun harmonising its supply chain and sharing best practice, and is “delighted” to add seven high-volume venues in prime locations under its umbrella
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News
Popeyes appoints director of acquisitions and estates
Peter Gibson, formerly of Chicken Shop, Flat Iron, and Nando’s, joins the fried chicken chain as it looks to double its estate this year
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News
Busaba continues to explore expansion opportunities
The Alan Yau-founded Thai restaurant group reported a 2% decline in like-for-like sales, but continues to look at opportunities “closer to London”
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News
Wingstop extends exclusive partnership with Deliveroo
The chain will continue to be exclusively available to Deliveroo customers in 15 cities, with 30% of its revenue coming from delivery
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News
Revolution brands remain ‘well positioned’
The pub and bar group has reiterated that its Revolucion de Cuba, Founders & Co, and Peach Pubs concepts continue to trade well, with group like-for-like sales demonstrating an improving trend as it announces a restructuring plan
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Analysis & Insight
Hospitality visit frequency grows for first time in six months
The eating out market has been bolstered by a drop in inflation and national insurance, as well as rising consumer confidence
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News
Wahaca: ‘The market for Mexican cuisine will continue to evolve’
CEO Mark Selby speaks to MCA about returning to the expansion trail for the first time since 2018, refining the brand for a more elevated experience, and Wahaca’s status as a ’premium casual’ operator leading the Mexican category
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News
Domino’s reveals new nutrition strategy
Following a successful trial, the pizza giant will roll out a new, lower-calorie lunch menu, reformulate existing items to reduce calories, and develop new plant-based options
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News
Deliveroo, restaurant partners, and GMB union sign courier charter
The charter, signed by chains including Wagamama and Wingstop, includes principles on treating riders with dignity and ”working together to achieve operational excellence”
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News
Another year of record sales for JW Lees
JW Lees has achieved sales of £94.3m in the year to March 2024, up 10% year-on-year, according to managing director William Lees-Jones
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News
Greggs appoints non-executive director
Tamara Rogers, currently chief marketing officer at Haleon plc, will join Greggs on 1 June
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News
Parogon Group continues to seek expansion opportunities
The Staffordshire operator has reported group turnover of £21.7m, and plans to expand its range of concepts into surrounding counties