All articles by Shwetali Sapte – Page 37
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NewsCity Pub Group sees 20% uplift in like-for-likes
The group, which was acquired by Young’s in a deal completed earlier this year, reported total group revenue of £74.5m in 2023 and a ’fantastic’ sales performance over the festive period
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NewsRevolution confirms ‘exploratory’ meeting with Nightcap
Revolution confirmed the group has explored a range of possible transactions, following a Sky News report that claimed both Rekom and Nightcap have expressed interest
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InterviewsBabaBoom: ‘It’s a good time to take the brand to the market’
MD Graham Ford speaks to MCA about the sales process and the scalability of the QSR format, as the Eve Bugler-founded kebab concept looks for a buyer
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NewsYum! Brands trialling more than 40 AI initiatives
The group has reported a 1% decline in KFC UK sales but continues to see opportunity for more than 50,000 restaurants globally, as it looks to become the ’leading digital restaurant company’
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NewsThe Coffee House secures £4m investment
The Northwest-based coffee shop operator, which plans to scale to over 30 sites within the next 12 months, has secured an investment from AJ Bell founder Andy Bell
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NewsMowgli reports 15% growth in sales
The Nisha Katona-led Indian restaurant group grew sales to £30.9m, as it looks to continue expanding in the UK and go international further down the line
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NewsJust Eat: Delivery becoming ‘entrenched’ among younger consumers
The delivery company has seen a boost during the breakfast and lunch day parts, and now has 1 million people using the platform for groceries, according to UK MD Claire Pointon
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NewsHostmore temporarily suspends listing
The TGI Fridays operator has requested its ordinary shares to be suspended from the London Stock Exchange, pending publication of its annual report
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NewsRBI: Popeyes ‘still early’ in its journey
Restaurant Brands International also revealed its ‘Reclaim the Flame’ plan has driven strong results for Burger King
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NewsMcDonald’s: ‘Headwinds more significant than anticipated’
The fast food giant expects ‘moderated’ top line growth this year, but continues to invest in its loyalty scheme, a new and more ‘satiating’ burger, as well as the rollout of beverage-led concept CosMc’s
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NewsChicken Shop aims for 70 sites
The Sir Charles Dunstone-backed business, which rebranded from Chik’n in 2022 following a partnership with Soho House Group, already has 14 sites in the pipeline, according to CEO John Nelson
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NewsIn pictures: Comptoir Libanais partners with Harrison for Southbank venue
The Lebanese-inspired restaurant group will open its 20th site in London this spring
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Analysis & InsightConsumers lean towards days out over nights out
Hospitality venues have seen an increase of £134m in spend during the afternoon compared to night time, according to payment technology provider Dojo
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NewsInquiry launched into hospitality staffing challenges
An All-Party Parliamentary Group inquiry into recruitment and retention has been launched to explore the reasons behind high vacancy rates, ask what more the sector can do, and make recommendations to government
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NewsPunch acquires former Wear Inns portfolio
Punch Pubs & Co has added 24 former Wear Inns sites, located in the Northeast and Yorkshire, to its 1,300-strong estate
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InterviewsLoungers: ‘The intention is to carry on opening 35 sites a year’
The all-day concept has seen sales growth across day parts and categories as it looks to maintain its current rate of expansion, CEO Nick Collins tells MCA
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NewsLiberum: Loungers outperforming on multiple measures
Like-for-like sales growth, new openings, and cost control all exceeded expectations in FY24, while the scope for rollout “remains vast,” according to the analyst
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Analysis & InsightLeap in number of companies facing financial distress
The bars & restaurants sector has 1,479 businesses in critical financial distress, up from 1,073 last year, according to Begbies Traynor
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InterviewsRod McKie: ‘People are paramount’
The chairman of New World Trading Company and Megan’s discusses his career in hospitality and why ’people dynamics’ are key in determining the health of a business
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NewsToca Social announces new investment
The immersive soccer and dining experience, which has plans to open in major cities across the UK, has received an investment from Norwegian Chess Grandmaster Magnus Carlsen