All articles by Shwetali Sapte – Page 20
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NewsIndian QSR concept secures funding from Haldiram’s
Shree Krishna Vada Pav, which operates 18 sites across London, aims to reach 30 stores by the end of the year, with a projected turnover of £12m
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InterviewsRedCat Hospitality moves back into acquisitive phase
The Rooney Anand-founded group is looking forward to growing the business following a period of consolidation, CEO Richard Lewis tells MCA
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NewsIt’s Bagels looks to open Marylebone outpost
The three-strong bagel concept is looking for further sites in London neighbourhoods, founder Dan Martensen tells MCA
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InterviewsGreggs doubles down on long-term growth prospects
CEO Roisin Currie acknowledged the retailer’s slump in share price following a slowdown in sales, but said “we’re doing everything we can” in terms of expansion, digital and delivery sales, menu innovation, and value leadership
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NewsThe Revel Collective records slower than expected recovery
The Revolution and Peach Pubs operator said recovery is running “several months” behind expectations due to reduced consumer confidence and the challenged night time economy
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NewsHayleigh Lupino to step down as Marston’s CFO
Lupino will remain with Marston’s as CFO and an executive director until October 2025 to ensure a smooth transition while her successor is appointed
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NewsChapel Down names new CFO
Lourens Mouton, who previously worked with Fevertree, joins the drinks supplier as CFO, company secretary, and director on 31 March
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NewsGreggs achieves £2bn sales milestone
The retailer recorded an 11.3% increase in sales compared to 2023 by broadening its estate, customer appeal, and sales channels
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NewsPizzaExpress celebrates 60 years with new menu
The casual dining chain has marked its anniversary with new additions to its menu, leveraging recent trends towards spice, provenance, and indulgence
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NewsPizza GoGo sees turnover dip
Both turnover and profit were marginally down in FY24 for the pizza franchise, which operates more than 100 stores across the UK
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Analysis & InsightHospitality growth continues to lag inflation
Sales in the first four weeks of 2024 were down 0.3% year-on-year, while early data for February shows a “somewhat sluggish” performance, according to Hospitality Data Insights
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NewsPapa Johns UK comparable sales return to growth
CFO Ravi Thanawala said a consumer-centric approach, combined with menu innovation and a refreshed loyalty scheme, has helped drive 2% growth in comparable sales
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NewsEG Group announces strong Q4 performance
The Blackburn-based group’s European business grew underlying EBITDA by 19% in Q4, while a price-focused strategy in Foodservice resulted in gross profit rising 5%
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NewsJoe & the Juice appoints Jodie Bruffett as US managing director
Bruffett joins the brand from Pret A Manger, and has been tasked with growing the juice chain’s 66-strong presence in the US
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NewsRoark Capital to acquire Dave’s Hot Chicken
The private equity firm, which acquired Subway last year, has reportedly signed a deal to acquired Dave’s for roughly $1bn (£800m)
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NewsSacha Lord releases new report ahead of Spring Statement
The chair of the Night Time Industries Association has called for six key interventions to give the hospitality sector “a fighting chance”
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NewsBlack Sheep expands presence in Scotland
The coffee shop chain has opened on Edinburgh’s Lothian Road with new franchisee Usman Raiz, following franchise agreements to grow its footprint in Scotland as well as Northern Ireland
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Analysis & InsightHospitality sales fall 1.3% in January
The figure is the CGA RSM Tracker’s lowest since April 2024, and only the second month of negative trading since early 2022, attributed to a post-Christmas squeeze on spend and widespread participation in Dry January
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NewsBonchon on the lookout for franchise partners
The Korean fried chicken concept, which operates more than 455 sites worldwide, is seeking franchisees to bring the brand to the UK
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NewsCornish Bakery to add six new locations
The 66-strong independent bakery chain is building on a year of record-breaking results in 2024, which saw it achieve a 26% rise in sales