All articles by Shwetali Sapte – Page 79
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NewsIn pictures: Comptoir Libanais partners with Harrison for Southbank venue
The Lebanese-inspired restaurant group will open its 20th site in London this spring
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Analysis & InsightConsumers lean towards days out over nights out
Hospitality venues have seen an increase of £134m in spend during the afternoon compared to night time, according to payment technology provider Dojo
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NewsInquiry launched into hospitality staffing challenges
An All-Party Parliamentary Group inquiry into recruitment and retention has been launched to explore the reasons behind high vacancy rates, ask what more the sector can do, and make recommendations to government
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InterviewsLoungers: ‘The intention is to carry on opening 35 sites a year’
The all-day concept has seen sales growth across day parts and categories as it looks to maintain its current rate of expansion, CEO Nick Collins tells MCA
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NewsPunch acquires former Wear Inns portfolio
Punch Pubs & Co has added 24 former Wear Inns sites, located in the Northeast and Yorkshire, to its 1,300-strong estate
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Analysis & InsightLeap in number of companies facing financial distress
The bars & restaurants sector has 1,479 businesses in critical financial distress, up from 1,073 last year, according to Begbies Traynor
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NewsLiberum: Loungers outperforming on multiple measures
Like-for-like sales growth, new openings, and cost control all exceeded expectations in FY24, while the scope for rollout “remains vast,” according to the analyst
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InterviewsRod McKie: ‘People are paramount’
The chairman of New World Trading Company and Megan’s discusses his career in hospitality and why ’people dynamics’ are key in determining the health of a business
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NewsToca Social announces new investment
The immersive soccer and dining experience, which has plans to open in major cities across the UK, has received an investment from Norwegian Chess Grandmaster Magnus Carlsen
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NewsRevised Deposit Return Scheme ‘significant victory’ for hospitality
Hospitality venues will no longer be required to act as a return point, a key ask due to the cost and complexity involved, according to UKHospitality
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NewsChipotle keen to unlock growth potential in Europe
The new leadership team will drive forward a “compelling proposition,” says CEO Brian Niccol, as the fast casual Mexican chain reports $2.7bn in quarterly sales
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Analysis & InsightDeliveries continue to rise at expense of takeaways
Like-for-like delivery sales rose 5% year-on-year in March, while takeaway and click-and-collect orders dropped 3%, according to CGA
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NewsLoungers delivers record revenue
The all-day cafe, bar, and restaurant operator has reported £353.5m in revenue for the 53 weeks ended 21 April 2024, reflecting both strong like-for-like sales growth and the success of the openings programme
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InterviewsCoqfighter pivots back to bricks-and-mortar expansion
The fried chicken concept is keen to reach the 20-site mark as it prepares to open its first site in Brighton, with more to be added to the pipeline this year, co-founder Tristan Clough tells MCA
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NewsNew senior appointments at State of Play
The experiential leisure operator has promoted Nicola Blackford to chief commercial officer and Sam Pollard to UK MD as it continues to look for expansion opportunities overseas
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NewsRedemption Roasters closes investment round
The specialty coffee chain plans to open 17 new sites in London by 2026, with revenues forecast to exceed £25m
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NewsThree Joes confirms site closures
The Neapolitan pizza concept said it had struggled to keep some of its venues viable amid the cost of living crisis, albeit three locations remain open and trading
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NewsPret announces board changes
JAB partner Konrad Meyer has been appointed chairman, succeeding Olivier Goudet, while Pret co-founder Sinclair Beecham rejoins the business
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NewsTortilla looks ahead to improved consumer outlook
The fast casual Mexican group reported a 14% increase in revenue at 3.6% increase in like-for-like sales in 2023, with consumer demand expected to further recover later this year
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InterviewsThe Little Door & Co: ‘We like to do things differently’
Jamie Hazeel and Kamran Dehdashti, co-founders of the house party-inspired bar concept, speak to MCA about picking up expansion and defying the late-night sector downturn