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All articles by Shwetali Sapte – Page 36
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NewsAnn Elliot joins Prezzo as NED
Elliot brings a wealth of experience in hospitality and casual dining, having held CMO roles at Pizza Hut and Beefeater as well as current NED roles at Gusto, Tossed, and TiPJAR
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NewsXP Factory ‘well positioned to benefit’ from industry consolidation
CEO Richard Harpham said the Escape Hunt and Boom Battle Bar operator will leverage its industry-leading product, unit economics, and scale to take advantage of growth in the experiential leisure market
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NewsCherry Equity Partners acquires Bistrot Pierre
The transaction will ensure 10 of the French-inspired restaurant group’s sites continue to trade, albeit eight restaurants will close immediately
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NewsWendy’s unveils next chapter of growth
The American QSR chain looks to add 1,000 net new restaurants globally by 2028, alongside longer-term plans to reach 400 in the UK
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NewsPizzaExpress shareholders to provide £30m cash injection
Bain Capital Special Situations is preparing to inject millions of pounds to help secure a refinancing of the restaurant group’s debt, Sky News reports
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NewsIn pictures: Permit Room Oxford
Dishoom’s sister brand’s latest opening has seen a concrete shell transformed into a hospitality space to transport guests to mid-century Bombay
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NewsChipotle to ramp up UK equity growth
Speaking at MCA’s Food to Go conference, director of European operations Jacob Sumner said the Mexican-inspired fast casual chain continues to focus on London as a growth hub.
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NewsBlack Sheep reports another year of strong growth
The coffee shop chain entered three new markets in 2024 while achieving double-digit same-store sales growth for five consecutive months at the end of the year
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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