All articles by Shwetali Sapte – Page 82
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NewsFulham Shore to be acquired in £93m deal
The Franco Manca and Real Greek operator’s board has agreed to a proposed takeover by Japanese food conglomerate Toridoll
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NewsScoffs Group appoints CFO
Costa Coffee’s largest UK franchisee has appointed Jim Williamson as chief financial officer to support its accelerated growth ambitions
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NewsFulham Shore announces record revenue
Fulham Shore has provided a trading update ahead of its results for the year ended 26 March 2023, with a record revenue of £100m driven by new openings
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InterviewsCraft Union: ‘We think big but act small’
Operations director Frazer Grimbleby speaks to MCA about the Stonegate acquistion, reaching the 500-site landmark, and how the beauty of the offer lies in its simplicity
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NewsCreams confirms first sites to open under new Park Garages partnership
Cafes will open within Park Garages Blackburn and Wigan later this month, following increased demand for the brand in the north.
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InterviewsCraft Union: ‘We’ve been a driving force in the recovery of Stonegate’
Operations director Frazer Grimbleby speaks to MCA about growing the estate, premiumising the drinks range, and modernising while maintaining a value-conscious and community-led offer
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NewsParogon Group to accelerate expansion
The 10-strong pub and restaurant operator, which plans to open 10 new sites by 2025, has reported a £23.8m turnover for the year to June 2022
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Analysis & InsightNew concepts capitalise on experience-led dining during cost of living crisis
Consumers are increasingly seeking out experience-led dining as they seek to justify spending, according to Lumina Intelligence
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NewsMcDonald’s closes US offices as it prepares to announce redundancies
The chain has closed its US offices for three days to inform corporate employees about layoffs as part of a broader company restructuring
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Analysis & InsightConsumers to further cut discretionary spend
According to research by KPMG, 63% of UK consumers have cut down on eating out, while 49% plan to cut down further due to a rise in energy bills and tax
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NewsMegan’s reports strong trading ahead of 20th opening
Megan’s is on track to deliver sales growth of 70% in its current financial year, according to finance director Gill Clements.
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InterviewsOowee to move towards mixed concept
Oowee is gravitating towards a “mixed” concept that will blend offers from its Diner and Vegan brands, founders Charlie Watson and Verity Foss tell MCA
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NewsPaul CEO steps down
Mark Hilton has stepped down as CEO of the artisanal bakery and patisserie chain after nearly four years
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NewsOakman Group: ‘Concerns about inflation and taxation persist’
When adjusted for VAT, total sales were 17% up and lfl sales 6.9% up in the first 38 weeks of FY2022/23, with work commencing on two new sites
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NewsHospitality faces £7.3bn rise in energy bills as support reduces
Analysis from UKHospitality shows that energy costs for the sector are set to be £12bn higher than prior to the energy crisis
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NewsBlack Sheep Brewery CFO steps down
CFO John Hunt, who joined in June 2022, has stepped down, with Anthony Hill appointed as interim CFO
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NewsNew bill introduced for business rates reform
Instead of the current five years, valuations will occur every three years, meaning properties with falling values will see their business rates bills drop sooner
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NewsMarston’s secures extension of debt facilities
The 1,445-strong pub group has secured an amendment and extension of its bank and private placement debt facilities to the end of 2025
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InterviewsSushi Daily to further expand kiosk business
Following the launch of a new partnership with Tesco, the sushi concept is looking to further increase its points of sale, global brand director Romy Miller tells MCA
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from Pizza Pilgrims, Leon, 200 Degrees, and more