All articles by Shwetali Sapte – Page 93
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NewsFlat Iron reports ‘remarkable recovery’
The 12-strong steak restaurant chain has reported full-year sales of £23.5m for the year ended August 2022, up 29.2% on pre-Covid levels
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NewsAlbert’s Schloss to debut in London
Mission Mars has announced it will make an £8m investment into opening its first Albert’s Schloss in London on Shaftesbury Avenue in spring 2024
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NewsSubway sees continued positive momentum
The global sandwich chain saw a 10.5% increase in same-store sales in Q1 2023 in the UK & Ireland, and also announced a major menu change
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NewsFinnCap: Activist pressure on TRG likely to continue
Activist pressure will likely remain despite all resolutions passed with the requisite majorities at the AGM, albeit finnCap sees “considerable upside” for the group
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InterviewsYoung’s: ‘We are optimistic for the year ahead’
Young’s saw like-for-like sales up 10% last week, with all regions except the West Country up on pre-pandemic levels and central London now its best performing region, CEO Simon Dodd tells MCA
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NewsHGEM acquired by Volaris Group
The guest experience platform will come under the umbrella of catering management company CaterTrax, owned by Toronto-based software group Volaris
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NewsOodles Chinese to scale to 45 sites
The Indo-Chinese QSR concept has opened its 36th site in Walsall, with plans for a further nine locations underway
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NewsPret’s Guy Meakin takes on shops and franchise director role
Clare Clough has returned as MD, with Meakin overseeing shops, franchise, and property
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Turtle Bay, Pizza Pilgrims, Empire Empire, and more
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InterviewsGravity: ‘We’re expecting to see turnover double’
The retail, entertainment, and leisure concept plans to open a further 10 UK sites and expects to see turnover double from 2019 levels, chief growth officer Michael Harrison tells MCA
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NewsSector struggles to absorb stubbornly high food inflation
Food and drink inflation remains at 19.1% despite the drop in CPI to 8.7%, causing concern in the sector over the cost burden
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InterviewsLina Stores to launch own brand coffee and move to all-day offer
With an 80-year legacy behind the brand, MCA speaks to COO Éadaoin McDonagh about Lina’s upcoming sites, making the move into breakfast, and going international
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Analysis & InsightEquity, diversity, & inclusion in hospitality: the way forward
With a long way to go before diversity in boardrooms matches the diversity in the kitchens, MCA speaks to the operators and the experts about advancing inclusion in the workplace
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NewsCanadian concept Pokerrito gears up for UK launch
Doug Williamson, former MD for Esquires Coffee, has said the pan-Asian QSR concept is preparing to open a flagship store in London
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NewsIn pictures: NWTC launches new North Light concept
New World Trading Company has opened a North Light venue in Chester, offering all-day dining and cocktails
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NewsInflation falls to 8.7%
Food and beverage prices continued to rise, seeing an increase of 1.4% between March and April, while restaurants and hotels saw an annual inflation rate of 10.2%
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InterviewsKarak Chaii to open 20 sites per year
The Indian street food concept is on track to reach a 25-strong estate by the end of 2023, with sites opening in Brompton and Tooting this summer, advisor Paolo Peretti tells MCA
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from Kerb, Perch, Gauthier Group, and more
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InterviewsParogon Group: ‘We’re looking at opportunities for the formats we’ve got’
The pub and restaurant operator is looking at two sites for its all-day dining brand Willow, alongside growing its Orange Tree brand, MD Richard Colclough tells MCA
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NewsPret launches in Luxembourg
The new opening is another step is Pret’s expansion strategy as the brand builds its presence internationally