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All articles by Finn Scott-Delany – Page 29
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NewsRed Oak Taverns acquires three pubs
Red Oak Taverns, the independent pub operator, has completed the acquisition of three pubs from Reclamation Inns for an undisclosed sum.
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NewsBurger King drives through recovery
Burger King UK has “recovered significantly” from the impact of coronavirus, due to its ability to trade through lockdowns, and drive through restaurants.
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NewsHop Vietnamese acquired by founder in accelerated sale
Hop Vietnamese has been acquired in an accelerated sales process to a new entity controlled by founder Paul Hopper.
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NewsWetherspoon raises £93.7m in new equity
J D Wetherspoon has raised £93.7m investment following a share placing, which it help with low sales upon reopening, and acquisitions in London.
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NewsWetherspoon seeks £94m in share placing
Wetherspoon has announced plans for an equity placing to raise proceeds of up to £93.7m.
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NewsGiggling Squid proves ‘off-site trading model’
Giggling Squid is currently in a “strong financial position” and “trading well given its regional bias” as it heads into winter, according to its latest financial accounts.
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NewsPizza Express exits further 23 sites
Pizza Express has closed an additional 23 sites, on top of the 74 sites exited as part of the company voluntary arrangement (CVA).
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NewsLandsec: £35m of December rent outstanding
Land Securities has updated on its December quarter rent collection, with £35m outstanding.
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NewsLeon reshuffles finance team
Leon chief financial officer Antony Perring is stepping down to be replaced by his long-standing deputy Chris Burford.
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NewsCloud-kitchen secures £1.47m funding
Kitchen Ventures, a cloud kitchen start-up from Rum Kitchen founder Jonny Boud, has received $2M (£1.47m) in seed funding, led by London Impact Ventures.
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NewsCosmo appoints Sierankowski COO
Cosmo, the all you can eat world buffet restaurant group, has appointed Roman Sierankowski as chief operating officer.
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NewsMarston’s has ‘significant liquidity’ for lockdown
Marston’s made pub revenues of £54m in the 13 weeks ended 2 January 2021.
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NewsDom’s Subs upcycles Subway site
Artisan sandwich maker Dom’s Subs is doubling up with a new site in the City of London.
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NewsMcDonald’s suspends walk-in takeaway
McDonald’s has suspended walk-in takeaway in the UK and Ireland, though remains open for drive-thru and delivery.
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NewsPret appoints former eBay director to exec team
Pret A Manger has appointed a new chief customer and growth officer.
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NewsGreggs forecasts £15m losses for 2020
Greggs’ sales fell 44% to £811m in the 2020 financial year, the bakery group has reported.
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NewsHospitality bears brunt of consumer spending decline
Consumer spending declined 7.1% year-on-year in 2020, as coronavirus restrictions impacted many sectors, with hospitality and high-street retailers hardest hit.
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NewsKate Nicholls awarded OBE
UKHospitality CEO Kate Nicholls has been awarded an OBE in the New Year Honours list for services to the hospitality sector.
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NewsBrewDog in talks over vaccine hubs
BrewDog is in talks with the British and Scottish governments over offering its bars to help roll out the coronavirus vaccine.
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NewsCreams acquired by Pistachio Holdings
Dessert parlour brand Creams has been acquired by Pistachio Holdings, controlled by Ankush Shah of the East Africa-based Sumaria Group.