All articles by Shwetali Sapte – Page 21
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NewsTurnover surges at Blank Street
The New York-founded coffee shop chain, which launched in the UK in 2022, has reported a 517% turnover uplift to £11.4m in 2023
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NewsOle & Steen delivers 25% rise in turnover
The bakery chain, which operates c26 stores in the UK, reported £34.8m in turnover in 2023, attributed to both new stores and organic growth from the existing portfolio
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NewsGreggs continues to extend reach
The retailer continues to expand its estate, with growth supported by menu development, investment into supply chain capacity, and extended trading hours and new digital channels
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NewsPermanently Unique announces next phase of growth
The TATTU operator will debut its Fenix and Louis brands in London along with its first international location in Dubai, with a new £15m credit facility secured to fund expansion
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NewsBurger & Lobster achieves sales uplift
The London-based restaurant group’s nine-strong portfolio has delivered 4% sales growth in 2023, with the refurbishment programme driving results
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InterviewsPho gears up to reach 65-site milestone
CEO Patrick Marrinan speaks to MCA about leveraging the brand’s success across formats and geographies as the TriSpan-backed Vietnamese restaurant group makes its mark across the UK
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NewsClive Schlee to take helm at itsu
Schlee, former CEO of Pret a Manger, replaces Jason Cotta, who will leave itsu to take up another position later this year
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NewsSwingers completes $10m growth capital raise
The experiential concept has seen success from its venues in New York and Washington DC, with upcoming locations in Las Vegas, Dubai, and Boston as it endeavours to reach a 15-strong estate by 2026
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Arc Inspirations, Young’s, Ottolenghi, and more
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NewsOff-trade delivers results for Adnams
The brewer reported turnover of £31.9m in its interim results, with growth across all channels except for the free trade business
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NewsDiageo ‘well positioned’ to outperform market
CEO Debra Crew said that while consumers continue to be cautious in a challenging global environment, the drinks giant is focused on becoming a more resilient business
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NewsJonathan Fearn joins Greene King as CFO
Fearn, formerly of Sainsburys, Tesco, and Coles Supermarkets, replaces Richard Smothers, who will support the business in an advisory role following his retirement
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NewsAll brands in growth at M&B
Mitchells & Butlers reports like-for-like sales growth of 5.2% in its full-year results, with sales growth remaining ahead of the market in Q4
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NewsIn pictures: Giraffe unveils new Manchester Airport venue
The new restaurant, designed in partnership with Harrison, marks continued expansion within travel hubs, with Giraffe now present in over 10 airports globally
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Analysis & InsightRestaurants achieve strong summer of delivery sales
Year-on-year increases in deliveries have been comfortably above the rate of inflation throughout 2024, according to CGA by NIQ
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NewsCAMRA appoints new chairman
Ash Corbett-Collins has served as vice chair since November and replaces Nik Antona, who will step down due to ill health after more than five years with the organisation
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NewsStonegate partners with remote working app
More than 700 of the pubco’s venues will be available to book through the Reef app, which charges remote workers a monthly or annual subscription fee
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NewsWingstop UK appoints new head of acquisitions
Adrian Saunders, who has previously worked with The Restaurant Group and Byron, will play an integral part in Wingstop’s expansion drive
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Analysis & InsightA fresh start for Frankie & Benny’s
MCA visits the Italian American concept’s newly revamped outpost at The Strand to explore whether the new direction and brunch can re-energise the legacy brand
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NewsFive Guys UK revenue surges past £300m
The group reported £316.4m in revenue in 2023, alongside total revenue of £542.9m for its European operations as it continues its rollout across the continent