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All articles by Shwetali Sapte – Page 82
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NewsRed Oak Taverns refinances debt with OakNorth
OakNorth had previously financed the business for six years, ahead of Red Oak moving to Hayfin in March 2022
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NewsSenior team changes at Brakspear
CFO David Nathan becomes chief operating officer, while property manager Tony Lewis has been promoted to property director
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NewsCoco di Mama expands partnership with Roadchef
The Italian food-to-go brand will bring its pasta offering to up to eight motorway service areas across the UK by January 2024
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Analysis & InsightHospitality debt burden tops £3bn for first time
The debt burden of the UK’s top 30 restaurant groups has broken through £3bn for the first time, according to new research by UHY Hacker Young
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NewsNightcap CFO steps down
Toby Rolph will step down after nearly three years with the late night operator, with Richard Haley appointed interim CFO
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InterviewsFive Guys: ‘It’s an analogue brand in a digital world’
CEO John Eckbert speaks to MCA about hitting new sales records, moving towards the 300-site mark in the UK and introducing a vegetarian offer for the first time
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NewsOttolenghi reports strong trading
The group, which operates sites including Nopi and Rovi in London’s West End, reported turnover of £27.8m in the year to March 2023
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NewsCooks Coffee: Growth underpinned by strong demand
The 68-strong Esquires operator reported a 22% increase in UK store sales in the six months to 30 September
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NewsM&B reports record market outperformance
The Toby Carvery and Harvester operator reported like-for-like growth across its portfolio, with total revenue of £2,503m for the year ended 30 September
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NewsKricket secures funding ahead of fourth site launch
The modern Indian concept will launch in Canary Wharf, having secured a new round of funding from White Rabbit Projects alongside additional funds from the founders
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NewsCarl Traill steps down from Miss Millie’s
Traill steps down as CEO after five years with the fried chicken concept, which is targeting 100 stores in the next five years
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NewsKFC opens first little drive-thru in UK
Opening in Stafford, the new model is designed to plug the gap in smaller trade zones and for tight sites
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InterviewsLoungers: ‘We’re very positive about 2024’
The versatility and all-day nature of its offer ensures the continued success and relevance of the model, CEO Nick Collins tells MCA
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NewsGong cha appoints UK&I development director
Justin Goes, who spent two decades with Subway, will help drive the bubble tea concept’s UK expansion as it aims for a global estate of 10,000
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NewsKnoops aims for 200 following £8.3m fundraise
The fundraising, led by a £5.5m investment from Morley Stores, will see the chocolate drink specialist debt-free press ahead with plans for 200 stores in the UK
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InterviewsPrezzo: We were stagnant and lacking differentiation
Following the Italian casual dining brand’s latest restructure earlier this year, chief brand officer Olly Smith speaks to MCA about nurturing a self-sustainable, profitable estate, with an evolved strategy including a retail range and revamped food offer
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NewsJoe & the Juice surpasses £45m turnover
Revenue for 2022 grew 66% compared to £27m the prior year, and is expected to grow by another 20-30% in 2023
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NewsNew non-executive director at Marston’s
Rachel Osborne will replace Matthew Roberts as non-executive director and chair of the audit committee, with effect from 23 January
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NewsPho continues expansion amid sales growth
The Vietnamese restaurant group reported turnover of £58.3m for the year ended February 2023, with an “extensive pipeline” of new sites being progressed
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NewsBurger King announces new chair
Lance Batchelor will join the Burger King UK board and be appointed chair from 1 December