All articles by Shwetali Sapte – Page 92
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NewsWingstop to open largest UK site at Westfield Stratford
The wing specialist, which recently marked its five-year anniversary in the UK, will open a 5,000 sq ft site at the shopping destination in early 2024
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NewsChopstix ramps up value offer
The pan-Asian QSR brand, which has seen a 40% rise in system sales,has rolled out a new range of value deals ahead of Christmas
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InterviewsDrake & Morgan: ‘We were agile enough to build a resilient model’
The bar and restaurant group is eager to explore opportunities for future growth across the UK, owing to continued investment in experiences and an all-day proposition, CEO and founder Jillian MacLean tells MCA
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InterviewsLane7: ‘We’re coming into London at a good time’
The experiential operator is targeting the 50-site mark in the UK as it gears up to launch in the capital this month, while eyeing the untapped European market next year, MD Gavin Hughes tells MCA
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InterviewsWhich Wich plots nationwide rollout
The premium sandwich specialist is looking to reach 100 sites within the next six or seven years, UK MD Rami Awada tells MCA
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InterviewsWendy’s: ‘We’ve come back with skin in the game’
The Ohio-based burger specialist, which first launched in the UK in the 1980s, returned to the market in 2021 - and MD Michael Clarke tells MCA how it’s doing things differently this time around
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NewsTen Entertainment Group agrees terms on £287m acquisition
The tenpin bowling operator has agreed on the terms and conditions of a £287m acquisition by Texas-based private equity firm Trive Capital
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NewsSnowfox Group launches new kiosk concept
The Yo! Sushi operator has opened its first Good Eats kiosk in partnership with Tesco, offering a ‘build your own’ range of bowls, salads, flatbreads, and breakfast wraps
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NewsHostmore appoints CFO
Matthew Bibby, who had been serving as interim CFO since September, has been apointed permanent CFO
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InterviewsMarston’s: ‘It’s been a year of simplification’
Marston’s streamlined estate and strong set of financial results leave the pubco in good stead as incoming CEO Justin Platt takes over, CFO Hayleigh Lupino tells MCA
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News‘Immersive events’ drive sales for Drake & Morgan
The London-based bar and restaurant group reported turnover of £43.3m for FY23, as it successfully exited its CVA earlier this year
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Analysis & InsightSeasonal socialising dampens spend on restaurants
Consumer card spending on restaurants fell further into decline in November, decreasing to -11.9% year-on-year, according to Barclaycard
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NewsKarma Kitchen triples estate
The commercial production kitchen operator, which works The Athenian, Sam’s Chicken, and Tacos Padre, has opened its fifth unit
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NewsSoho Coffee committed to returning to profitability
The 28-strong coffee shop operator reported revenue of £16m in the year to January 2023, along with a commitment to the long-term future of the business
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NewsGail’s bolstered by continued top line growth
The artisan bakery chain reported turnover of £135m in FY23, with “healthy growth” in its established locations and c28 openings planned for FY24 as it continues expansion outside the Southeast
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NewsCosta debuts streamlined ordering features
The coffee shop chain has reopened its Plymouth outlet with touch screen ordering and order-to-table features
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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