All articles by Shwetali Sapte – Page 53
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NewsChestnut grows revenues to nearly £30m
The East Anglian operator achieved a 33.6% rise in revenue while also growing EBITDA, its site portfolio, and accommodation business
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NewsBlack Sheep Coffee to expand presence in Scotland
The coffee shop chain continues to grow its presence in the UK, with plans for 14 new stores in Scotland over the next five years
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NewsSixth Street acquires Wingstop UK
The California-based investment firm has acquired a majority stake in the UK arm of the QSR chain, reportedly for more than £400m, with co-founders Tom Grogan, Herman Sahota, and Saul Lewin remaining minority shareholders
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InterviewsAzzurri Group: ‘We’re starting the year on the front foot’
CEO Steve Holmes speaks to MCA about the transition to a hospitality investment platform, the “massive” opportunities for Boojum and Dave’s Hot Chicken, and why there will always be a place for casual dining
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NewsWimpy returns to Brighton
The burger chain, which closed its Brighton restaurant in 2006, has returned to the city following a £500,000 investment
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NewsKKR invests in Rebel Foods
The private equity firm has invested in the cloud kitchen platform to support its future growth, following reports of its interest in acquiring the UK arm of Wingstop
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NewsGroucho Club licence reinstated
The private members club will be allowed to reopen, following its closure last month over reports of a ‘serious criminal offence’ at the venue
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NewsGusto continues strong trading
The Italian restaurant group has maintained site profitability and cash conversion, underpinned by a strong guest experience, continued investment in staff, and effective marketing
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NewsSoho House evaluates acquisition offer
The offer comes from a third-party consortium, in response to a review that claims the company’s current share price does not reflect its inherent value
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NewsKFC launches new spinoff concept Saucy
Saucy will debut in Orlando, Florida, later this month, offering a menu focused on chicken tenders and 11 sauce options
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NewsOpenings of the week
MCA rounds up the week’s biggest openings stories, featuring Young’s Pubs, GDK, JÖRO, and more
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NewsUKHospitality: Inflation and lacklustre growth ‘paint troubling picture’
The trade body has renewed calls for the government to rethink its changes to NICs, following the jump in inflation to 2.6% in November
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NewsDrake & Morgan remains resilient
The Bowmark Capital-backed, London-based bar and restaurant group achieved turnover of £45.5m, with Christmas trading set to beat last year’s records
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NewsAzzurri Group delivers transformational year
The group achieved an 18% increase in revenue to £303.1m for the year ended 30 June 2024, while successfully transitioning from a pure-play restaurant operator to a hospitality investment platform
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NewsChopstix targets £200m within three years
The Asian-inspired QSR chain also aims to reach 300 sites within three years, and has launched a new employment initiative as part of the strategy
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NewsMarston’s announces price rises
The price of a pint has increased by approximately 10p, with varying price rises across the country
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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