All articles by Shwetali Sapte – Page 69
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Analysis & InsightPush for business rates support ahead of Autumn Statement
More than half of hospitality businesses will cut investment and staffing levels without business rates support, according to a new survey
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NewsPizzaExpress owners may make rival bid, TRG says
The Restaurant Group has said it will ‘carefully consider’ a rival bid, which may result in a bidding war between Apollo and PizzaExpress owners Wheel Topco
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NewsStarbucks reports £30bn sales
Comparable same-store sales in the UK were “well above” historical averages in 2023, driven by higher profitability and productivity store formats, and elevated digital experiences
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NewsWendy’s pushes ahead with UK expansion
The QSR brand has added a new franchisee to the UK market, while its three existing franchisees have increased their development agreements, highlighting their “confidence in the long-term trajectory of the brand”
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NewsWhitbread appoints new non-exec
Shelley Roberts, currently group chief commercial officer at Compass Group, will join the Beefeater operator as non-executive director
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NewsChopstix reports sales uplift for converted Chozen sites
Chopstix reported “exceptional results” for the Chozen Noodle sites it has converted to its core brand, with a close to 50% sales uplift post-conversion
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NewsYum! Brands sees strong Q3 momentum
KFC sales across Europe saw year-on-year growth of 13% in the quarter ending 30 September 2023, with the period also seeing record digital sales
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NewsDelivery and drive-thrus drive growth for McDonald’s UK
Despite its high street estate impacted by declining footfall, the fast food giant said like-for-like growth has been driven by other channels
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![The Yards - Buns From Home 1 -min[1][90]](https://d36hgjhwuw81py.cloudfront.net/Pictures/100x67/6/8/4/307684_theyardsbunsfromhome1min190_196701_crop.jpg)
NewsBuns from home strengthens senior team
The 12-strong London bakery has appointed John Brooks as operations director as it prepares for further expansion
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NewsNew CFO at BrewDog
BrewDog has appointed James Taylor as its new chief financial officer, as Niall McCallum steps down
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NewsEG Group completes £2bn sale to Asda
The group has completed the sale of the majority of its UK & Ireland fuel, foodservice, grocery, and merchandise business to Asda and further announced a $500m Term Loan B add-on
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NewsReal Brewing Pub Company enters administration
The pub company arm of Derby Brewing Company has entered administration, but will continue to operate two of its sites under a new, smaller pub company
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NewsMcDonald’s: Saver menu drives market share
Accessibly priced combos have driven share in core day parts, while the McCrispy chicken continues to be highly popular in the UK, according to CEO Chris Kempczinski
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NewsPret sees opportunity for up to 3,000 US stores
The company aims to reach the 300-site mark in the US by 2028 as it accelerates expansion, according to Pret US president Jorie Bruffett
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NewsJason Cotta steps down as Ole & Steen CEO
Jesper Dixen, chief commercial officer for Denmark-based Lagkagehuset, will serve as interim group CEO as Cotta steps down after four years with the Danish bakery chain
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Analysis & InsightFurther pub closures forecast for 2024
A combination of energy costs, business rates, and tax pressures will see another 750 pub closures in the first half of 2024, according to Frontier Economics
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InterviewsPunch Pubs confident in internal expectations
The 1,248-strong pub operator expects cash flow, profitability, and EBITDA to grow going into FY24, according to CEO Clive Chesser and CFO Steve Dando
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Analysis & InsightLoungers: opportunity to revisit valuation
Analyst Berenberg has increased its price target to 360p, citing recent takeover announcements in the sector leading to greater focus on the low valuations many leisure names have been trading on
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Analysis & InsightNight time economy businesses vanishing at ‘alarming’ pace
The night time economy has seen a 5% decline in independent businesses between 2022 and 2023, according to figures from CGA
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NewsPret expands presence in Germany
The food-to-go chain is to open five new shops in Berlin, with Germany being a key market in its plans to double the size of its business by 2026