All articles by Shwetali Sapte – Page 42
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NewsETM Group and Maven come together to launch ETM Collection
This unified approach will allow the group to leverage collective strengths, offering guests a diverse and cohesive experience across restaurants
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NewsWelcome Break reports successful year
During the peak trading period in 2023, many sites and units broke weekly trading records, delivering an excellent summer for the motorway service area operator
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NewsWingstop performing “extremely well” in UK
Global CEO Michael Skipworth said he’s excited about opportunities in international markets, with the aim of scaling to over 10,000 units worldwide
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NewsStonegate agrees debt refinancing
As part of the deal, funds managed by TDR Capital will make a c£250m shareholder contribution, “demonstrating their continued support and confidence in the future of the business and the Great British Pub”
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NewsYum! Brands to roll out voice AI
The KFC and Taco Bell operator plans to bring the tech to its brands’ drive-thrus around the world, as its digital business has more than doubled since 2019
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NewsMarston’s completes disposal of stake in Carlsberg JV
The pub group announced on 8 July 2024 that it will sell its stake for £206m in cash to a subsidiary of Carlsberg
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InterviewsEvening day part boosts Greggs sales
Evenings are becoming more and more important for the retailer, with menu innovation such as the expanded pizza offer providing a boost, according to CEO Roisin Currie
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InterviewsArchie’s looks to expand across the UK
The Manchester-based American-style diner chain is eyeing up sites in London, Edinburgh, Glasgow, and Newcastle, the founders tell MCA
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NewsUber Eats launches healthy eating pilot
The pilot will involve six Birmingham restaurants - which have worked with the British Nutrition Foundation - to develop healthier alternatives to popular menu items
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NewsMcDonald’s sees global comparable sales drop
The 1% decline was driven by negative comparable sales across all three segments in Q2 2024, reflecting a drop in demand in China and the impact of the Middle East war
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NewsParogon Group looks to further growth
The Staffordshire-based pub and restaurant operator reported total sales of £24m in FY24, a 10.9% increase compared to 2023
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NewsNew ops director at Popeyes
Gwion Iwan, formerly of Prezzo, Punch, and Whitbread, has been appointed operations director as the chicken concept looks to 40-50 openings per year
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NewsTortilla promotes Stephen Clark to COO
Clark joined the group as operations director in 2022 and has since led the opening of 17 stores
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InterviewsEL&N looks to double estate
The 35-strong London-based boutique café group is to launch in a number of new markets, with a focus on travel hubs
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InterviewsWingstop’s Chris Sherriff on giving people a reason to come back
In his first interview since taking on the role of co-CEO, Sherriff speaks to MCA about delivering a 60% like-for-like uplift, driving repeat business, and working towards the 200-site mark
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InterviewsJW Lees: ‘Our brands are well positioned’
The brewer and pub operator is well placed to take advantage as confidence returns to the marketplace, MD William Lees-Jones tells MCA
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NewsKrispy Kreme sells majority stake in Insomnia Cookies
Verlinvest and Minstral Equity Partners have taken majority ownership as the dessert concept looks to continue expanding in the UK
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NewsSector questions PCA ability to enforce code
Attendees at the annual Tied Tenants Survey event questioned why some tenants fall within and others outside the Pubs Code Adjudicator’s remit
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Analysis & InsightThe rise and fall of Pret’s coffee subscription
From students to bankers, Pret loyalists to more fickle coffee drinkers, Pret’s innovative original coffee subscription offered real value for money. Now the end of the five drinks a day deal marks a significant downgrade to the offer
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Analysis & InsightFinancial distress rises among hospitality businesses
Financial distress rose particularly rapidly in the hotels and accommodation sector (+20.1%) and bars and restaurants (+12.2%) in Q2