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All articles by Shwetali Sapte – Page 52
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NewsSwingers completes $10m growth capital raise
The experiential concept has seen success from its venues in New York and Washington DC, with upcoming locations in Las Vegas, Dubai, and Boston as it endeavours to reach a 15-strong estate by 2026
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Arc Inspirations, Young’s, Ottolenghi, and more
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NewsOff-trade delivers results for Adnams
The brewer reported turnover of £31.9m in its interim results, with growth across all channels except for the free trade business
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NewsDiageo ‘well positioned’ to outperform market
CEO Debra Crew said that while consumers continue to be cautious in a challenging global environment, the drinks giant is focused on becoming a more resilient business
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NewsJonathan Fearn joins Greene King as CFO
Fearn, formerly of Sainsburys, Tesco, and Coles Supermarkets, replaces Richard Smothers, who will support the business in an advisory role following his retirement
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NewsAll brands in growth at M&B
Mitchells & Butlers reports like-for-like sales growth of 5.2% in its full-year results, with sales growth remaining ahead of the market in Q4
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NewsIn pictures: Giraffe unveils new Manchester Airport venue
The new restaurant, designed in partnership with Harrison, marks continued expansion within travel hubs, with Giraffe now present in over 10 airports globally
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Analysis & InsightRestaurants achieve strong summer of delivery sales
Year-on-year increases in deliveries have been comfortably above the rate of inflation throughout 2024, according to CGA by NIQ
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NewsStonegate partners with remote working app
More than 700 of the pubco’s venues will be available to book through the Reef app, which charges remote workers a monthly or annual subscription fee
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NewsCAMRA appoints new chairman
Ash Corbett-Collins has served as vice chair since November and replaces Nik Antona, who will step down due to ill health after more than five years with the organisation
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NewsWingstop UK appoints new head of acquisitions
Adrian Saunders, who has previously worked with The Restaurant Group and Byron, will play an integral part in Wingstop’s expansion drive
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NewsFive Guys UK revenue surges past £300m
The group reported £316.4m in revenue in 2023, alongside total revenue of £542.9m for its European operations as it continues its rollout across the continent
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Analysis & InsightA fresh start for Frankie & Benny’s
MCA visits the Italian American concept’s newly revamped outpost at The Strand to explore whether the new direction and brunch can re-energise the legacy brand
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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