All articles by Shwetali Sapte – Page 99
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NewsIvy Collection turnover surpasses £300m
The Richard Caring-backed restaurant chain has grown turnover by more than £100m in 2022, driven by expansion of the Ivy Asia brand
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NewsStonegate to raise new debt
Stonegate Group is working on options to raise new debt against 1,000 pubs, as plans to sell off the portfolio have so far been unsuccessful
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InterviewsUKHospitality reveals progress on workforce strategy
The trade body is engaging with the government on multiple issues, such as recent transport policy decisions, clarity on business rates, and the shortage occupation list, CEO Kate Nicholls tells MCA
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NewsKrispy Kreme to consider sale of Insomnia Cookies
Krispy Kreme is exploring strategic alternatives for late-night bakery concept Insomnia Cookies, which is due to make its UK launch this year
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NewsTortilla: ‘There’s still plenty of ground to go in the UK’
CEO Richard Morris speaks to MCA about the potential for a breakfast offer, breaking hourly records with kiosks, and launching in Europe but remaining focused on the home market
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NewsEataly faces cost pressures
The Italian food hall and restaurant operator has provided a financial update for 2022, with revenue of £25m and loss for the year of £1.3m
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Analysis & InsightFoodservice price inflation remains at over 20%
Prices in the foodservice sector fell for the third consecutive month in August, although inflation remains at over 20% year-on-year, according to CGA and Prestige Purchasing
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NewsGreggs continues robust trading
The retailer’s Q3 update saw like-for-like sales rise 14.2% for company-managed shops, with evening trade, the app, and the loyalty programme all bolstering sales
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NewsTortilla demonstrates resilience
The fast casual Mexican cuisine specialist saw revenue growth of 22% to £32.7m in H1 FY23, along with like-for-like growth of 5%
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NewsBurger & Lobster sees full sales recovery
Turnover grew 47% to £36.5m in 2022, with the nine-strong London restaurant group showing a ‘strong start’ to 2023
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InterviewsHostmore ‘well placed’ for remainder of 2023
While further disposals remain under review, the brand’s revised capital allocation policy, its stabilised leadership team, and cost efficiency programme are bearing fruit, CEO Julie McEwan tells MCA
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NewsCity Pub Group completes further acquisitions
The 52-strong premium pub operator has acquired two pubs in Oxford and London’s Soho, and continues to consider acquisitions in areas where it already has a presence
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NewsHostmore reports progress on cost reductions
The TGI Fridays UK operator reported revenue of £93.6m for H1 2023, with cost reductions alongside operational and portfolio management reducing losses
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InterviewsTortilla ups focus on evening trade
As it launches its new evening menu and happy hour offer, Tortilla looks to shift the sales mix away from its current lunchtime focus, according to operations director Stephen Clark
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InterviewsGail’s: ‘We have a good run ahead of us’
The artisan bakery chain estimates it has white space for between 300-500 sites in the UK, according to managing director Marta Pogroszewska
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NewsXP Factory achieves double-digit like-for-like growth
The Escape Hunt and Boom Battle Bar operator reported £18.7m revenue in H1 2022, with like-for-like sales growth of c20% across both brands
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NewsTasty losses widen
The Wildwood and Dim T operator reported a 0.9% increase in revenue to £21.7m, with loss after tax increasing to £2.7m in H1 2022
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NewsShepherd Neame posts record revenue
The 296-strong Kent-based brewer and pub operator reported revenue growth of 9.7% to a record £166.3m, with an increase in underlying profits
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NewsBonchon to launch in UK
The Korean fried chicken brand, which has 420 worldwide stores in operation, has partnered with Christie & Co to bring its concept to the UK
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Analysis & InsightMcWin could build cross-border Italian ‘super group’
Following McWin Capital Partners’ acquisition of Big Mamma - in a deal valuing the Italian restaurant group at £234m - MCA examines the fund’s background, investment strategy, and what it hopes to achieve with its portfolio of brands