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All YO! Sushi articles – Page 2
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NewsPrice of sushi rice rockets
The price of sushi rice is set to rise significantly due to the impact of increased freight costs and well as a shortage in supply.
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NewsYo! explores private takeover
Snowfox Group is reported to have asked advisers to canvas interest from bidders following a number of takeover approaches
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NewsYo! retail range cushions restaurant losses
Yo! suffered a sharp drop in sales as restaurants were forced to shut in pandemic, but has continued to grow its supermarket presence to mitigate the impact.
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Analysis & InsightThe slow simmer of Pho
Pho has taken a slow and steady approach to growth, seeing it reach 30 sites over 15 years. As TriSpan acquires a majority stake in the brand, Finn Scott-Delany examines the trajectory of the Vietnamese noodle specialist, and how it might be accelerated under the man who grew Yo! Sushi to 100 sites.
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NewsListen to The Conversation today
Join The Conversation today with Kate Nicholls, chief executive of UKHospitality, Robin Rowland, partner at TriSpan and the former YO! Sushi CEO alongside Richard Morris, managing director at Tortilla.
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NewsYO! prepares for London listing
YO! is changing its name to The Snowfox Group as it makes plans for a stock market listing.
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NewsYO! ramps up retail presence with Tesco food to go tie up
YO! has signed a trial agreement to supply pre-packaged food to go products to 390 Tesco stores. The move forms part of the brand’s increasing push into retail, and follows an announcement last month to trial food to go at WH Smith.
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NewsYO! in food to go trial with WH Smith
YO! has signed an agreement to supply select products from its food to go range to WH Smith, in a trial partnership with the retailer.
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NewsYO! appoints new group CFO
Global Japanese and Asian food group YO! has appointed Xenia Walters as its new chief financial officer (CFO). In addition she will join the board as an executive director, with both roles effective from 8 March.
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NewsSector calls for apprenticeship protections
Apprenticeship funding and youth employment must be protected if training and development of the future hospitality workforce are to be a cornerstone of the country’s economic recovery, sector leaders have said.
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NewsYO! appoints new chairman
Global Japanese and Asian food group YO! has appointed John Walden as its new chairman, with Eric Nicoli to step down.
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NewsShareholders inject £13m into Yo!
The parent company of Yo! secured £13m in shareholder funding in September 2020 to repay bank debt.
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NewsYo! CVA approved
The CVA proposed by Yo! on 14 August has been approved by its creditors. It will now close 19 of its 69 sites. ”These are exceptionally challenging times for our sector and we are pleased that our creditors have supported us in today’s vote,” said Yo! CEO Richard Hodgson. “This will ensure Yo! has a solid foundation to continue to adapt to the changes brought about by Covid-19, and allows us to focus on reopening remaining sites and rolling out our new restaurant model.”
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NewsYo! confirms CVA with 19 closures
Yo! has confirmed it will close 19 loss-making restaurants and cut 250 staff as part of a company voluntary arrangement (CVA).
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NewsYo! appoints Deloitte to explore CVA
Yo! has appointed Deloitte to advise on the possibility of a CVA, according to a report on Sky News. It said although discussions are still ongoing, unless Yo! was able to strike reductions in rent with landlords it was likely a CVA would be the likely option. Yo! had been in the process of reopening a number of sites which had been remodelled to deliver food to customers via its trademark conveyor belt.
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NewsYo! continues to reopen sites
Yo! will reopen 18 sites on 1 August and plans to open another 13 over the news few weeks. A reimagined version of the famous kaiten belt will see diners order through their smartphones before being delivered food and drink to their tables via the conveyor belt. This allows the restaurants to comply with social distancing measures and reduces interaction between customer and staff.
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Analysis & InsightLarge majority feel safe in pubs and restaurants
An overwhelming number of consumers (94%) who have visited pubs, restaurants and bars in England in the two weeks since reopening were satisfied with the safety steps in venues they visited, with 96% being likely to recommend a visit to friends and family.
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NewsYo!, Prezzo and Byron among latest casual dining closures
Yo!, Prezzo and Byron are some of the latest casual dining operators to temporarily close their doors.
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NewsPressure, power and positivity
Not to be overly optimistic, and perhaps it’s just the inevitable emergence from a lengthy and brutal period of rationalisation and consolidation, but things appear to be looking up. Admittedly the upticks predicted for 2020 are tiny, like 1% growth for casual dining and a 0.3% acceleration for food to go. But after the carnage of the last couple of years, positive news, however slight, will come as welcome news for the operators that skilfully navigated their way through it.
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NewsYo! To Go, Five Guys and @pizza join Edinburgh St James line-up
Yo! is bringing its To Go format to the Edinburgh St James development, alongside Five Guys and @pizza.