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All articles by Shwetali Sapte – Page 43
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NewsWingstop achieves 122% increase in turnover
Turnover rose to £84.7m for the year ended 31 March 2024 while like-for-like growth stood at more than 50%, with the QSR chain in the midst of a sales process
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NewsRichard Franks joins Shake Shack
The former managing director of Hop Vietnamese and Chilango has been appointed UK business director at Shake Shack
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NewsShepherd Neame announces new NEDs
Marion Sears and Margaret Lustman have been appointed as non-executive directors, with Hilary Riva and Kevin Georgel to step down on 31 March
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NewsFairgame plans to triple estate
The competitive socialising concept, launched by Richard Hilton and Paul Campbell in 2022, has secured a second location in the City and is in negotiations on its first international site
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Analysis & InsightHospitality sees first real-terms growth since June
Year-on-year sales growth stood at 2.7% in November 2024 - marginally above the rate of inflation - and provides cautious optimism for the festive season, according to the CGA RSM Hospitality Business Tracker
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Analysis & InsightFoodservice insolvencies see year-on-year decline
Insolvencies in the sector were down 24% in October 2024, although RSM UK expects to see an uptick next year due to post-Budget headwinds
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NewsNEOS announces multimillion-pound investment as part of evolution strategy
The £2.5m refurbishment of Pryzm Bristol is part of an ongoing evolution to strengthen and expand core brands and diversify the group’s offerings
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NewsHagen unveils new espresso bar concept
The Danish-inspired speciality coffee group has launched a new site in London’s Mayfair, which houses a roasting room and circular bar
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NewsParts of Ibérica sold out of administration to Camino
Spanish restaurant group Camino has taken over Ibérica’s sites in Victoria and Farringdon, preserving part of the business - although three remaining locations have closed
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Analysis & InsightA taste tour through London’s Bermondsey
From established concepts like Bleecker and Pizza Pilgrims to emerging innovators like The Untitled Sandwich Shop, Lumina Intelligence’s Q4 concept tour showcased indulgence, experiential dining, and all-day and multifunctional concepts
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NewsPizzaExpress appoints Colin Elliot as CFO
Elliot, who will commence the role in the new year, is currently a managing director at investment real estate firm CBRE
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NewsJulian Metcalfe on mitigating labour cost inflation
The itsu founder told the Daily Mail the brand will continue relying on technology to ensure its offer remains affordable, as it looks to open “thousands” of stores
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NewsThai Leisure Group: Budget ‘direct hit’ on growth
Hospitality operators have warned of closures, with managing director Ian Leigh saying that recent changes in National Insurance “were enough to spook our investors”
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NewsChapel Down appoints James Pennefather as CEO
The winemaker announced further directorate changes as well as positive trading in Q4, with strong momentum going into 2025
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Honest Smash + Grab, Hickory’s, BrewDog, Urban Pubs & Bars, and more
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NewsHonest co-founders to expand pizza concept The Breadstall
Alongside The Breadstall founder Seb Vince, the duo plan to bring 20-inch biga-style pizzas to 10 new locations in London over the next three years
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NewsHarrods introduces £1 ‘cover charge’
The Guardian reports this charge aims to bump profits by up to £1m, following a government crackdown on companies taking a cut of tips, according to staff
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NewsUKHospitality: Rates reform should provide ‘maximum benefit’ after years of overtaxing
The trade body said the plan to introduce differential multipliers would help level the playing field for high street businesses
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NewsBakers + Baristas looks to continued growth
The bakery cafe chain plans to expand through new openings, further refurbishments, and an increased focus on improving sales through online channels
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NewsImmersive Gamebox seeks buyer
The competitive socialising concept has appointed Begbies Traynor as it enters into administration, but has a pipeline in place for future growth