All articles by Shwetali Sapte – Page 45
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NewsOle & Steen: ‘The focus is to be a whole lot better’
Chairman David Campbell said the bakery chain will prioritise its hub-and-spoke model, as well as travel hubs, upon its return to the expansion trail - but will first maximise existing stores
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NewsPho sales top £70m
The TriSpan-backed Vietnamese restaurant group achieved like-for-like sales growth of 5.2% in FY24, with two openings in the pipeline
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Urban Pubs & Bars, Pasta Evangelists, Popeyes, PizzaExpress, and more
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NewsPure to expand reach through retail, catering and wholesale
CEO Spencer Craig said the healthy food-to-go chain is unlikely to go for national expansion through bricks-and-mortar, instead growing the other aspects of its business
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NewsKaren’s Diner UK arm enters into administration
The Australian restaurant chain, which is famous for staff who are deliberately rude to customers, has reported ‘mounting financial pressure’ resulting in the closure of its UK operations
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NewsChaiiwala signs deal with EG Group
The agreement will see Chaiiwala significantly expand its drive-thru estate over the next three years, as the Indian street food concept looks to pass the 400-site mark
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NewsGreene King to launch new experience-led dining destination
HighTales will open in Stoke-on-Trent following a multimillion-pound refurbishment to create ‘experience-led’ zones, including cinemas and pop-up food trucks
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InterviewsComptoir Group: ‘We’re starting to see the sales come through’
The Comptoir Libanais operator is beginning to see the success of its investments into the business as it explores further opportunities for growth, CEO Nick Ayerst tells MCA
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NewsWells & Co COO to depart amid restructure
Shirley Couchman’s departure is a “joint decision that comes as part of restructuring efforts to align the business with the current market landscape,” CEO Peter Wells tells MCA
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InterviewsArc Inspirations considers new smaller format
The bar group is exploring acquisition opportunities and new concepts as it looks to reach the 50-site mark by 2030, while upping the experience-led elements of its business, CEO Martin Wolstencroft tells MCA
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NewsMarket Place to launch first central London location
The food hall concept plans to open near St Paul’s by Q2 next year, in a bid to reach 20 sites in the coming years, managing director Blake Henderson tells MCA
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NewsAdministrators ‘on standby’ at Hostmore
Restructuring experts at Teneo have been tasked with leading the search for potential buyers of TGI Fridays UK restaurants, The Telegraph reports
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NewsCubitt House achieves 22% like-for-like sales growth
The uplift comes as the pub and restaurant operator reported £19.9m in revenue during 2023
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NewsArc Inspirations turnover nears £50m
The 21-strong bar group is actively pursuing opportunities in London, Cardiff, and Scotland, with four locations in the pipeline as it endeavours to reach the 50-site mark by 2030
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NewsHospitality faces ‘looming cliff edge’
The end of business rates relief will sting the sector with a £928m bill in April, totalling tens of thousands of pounds per venue, according to UKHospitality
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Analysis & InsightResearch indicates steady shift towards experiential venues
Three in five customers say they are more likely to visit a pub or a bar if it offers competitive socialising activities, according to CGA by NIQ
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NewsGavin George to step down as Laine CEO
The Laine Pub Company founder will transition to non-executive director within the wider Punch Pubs group, while Russell Danks will lead the management of the Laine division
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Flight Club, Afrikana, Pizza Pilgrims, Lina Stores, and more
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Analysis & InsightPubs contribute heavily to high street closures
16 pubs shut down every week on average between January and June this year, according to PwC, with cafés and coffee shops among those taking their place
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NewsOn-trade remains challenged for Fever-Tree
The drinks supplier’s UK revenue dropped 6% to £50.9m in H1 FY24 against poor weather and a subdued consumer backdrop