All articles by Georgi Gyton – Page 28
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NewsKarak Chaii to accelerate franchise expansion
The brand is aiming for 30 locations by the end of next year, with seven in the pipeline to open in early 2023, its strategic advisor Paolo Peretti has told MCA
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NewsEgg shortage sees them dropped from some menus
JD Wetherspoon has been forced to take eggs off the menu on some of its breakfast dishes due to a national shortage, with retailers rationing supplies
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NewsHeineken announces significant price hikes
The brewer has announced it will be increasing the price of its beer and cider by more than 15% after Christmas due to ‘unprecedented cost pressures’.
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NewsInflation rose to 11.1% in October
This morning’s latest inflation figures from the ONS show a new 40-year high, on the back of higher energy bills and food prices
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NewsIn pictures: Original Zizzi’s undergoes refresh
The refubishment of the restaurant in Chiswick, which now features artwork inspired by the surrounding area, forms part of the rollout of the brand’s new look
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NewsFuller’s acquires two new pubs
The premium pub and hotel operator has completed on De La Hayes, in Bourton on the Water, and The Rising Sun, in Wootton.
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Analysis & InsightLondon hospitality sales continue to rebound
Sales in the capital may be up 6.4% year-on-year but inflation is cancelling out growth across the board, with overall sales across Britain’s managed restaurant, pub and bar groups up only 1.5% on 2021 levels, according to the latest Coffer CGA Business Tracker
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NewsWetherspoon to open new £3m pub at The O2
JD Wetherspoon has announced it will be investing almost £3m in a new pub called The Stargazer at the London entertainment venue
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NewsGovernment set to announce living wage rise
The national living wage is expected to rise from £9.50 an hour, to around £10.40 an hour - however government sources have suggested the rise could be even higher
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NewsBig Fang name NWTC COO as new CEO
Natasha Waterfield will leave her role at New World Trading Company to join Big Fang in January 2023, to lead its UK and international growth plans
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NewsPopeyes reveals upcoming openings programme
The Louisiana fried chicken brand is targeting 20 new restaurants in 2023, including its first drive-thru locations
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NewsMegan’s secures £5m to accelerate expansion
The neighbourhood restaurant business has obtained the additional funding from Barclays and is looking to build on its current 18-strong portfolio.
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NewsJD Wetherspoon confirms further pub disposals
The pub operator has appointed CBRE and Savills to sell seven further pubs, in addition to the 32 already on the market.
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NewsMcDonald’s eyeing ‘drive-tos’ and delivery hubs
The fast-food chain is achieving more than £1bn of sales annually through delivery or click and collect purchases, with these channels an increasing focus when it comes to new sites
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NewsBBPA makes last ditch plea for duty freeze
The trade body has written to Chancellor Jeremy Hunt asking him to reconsider reinstating the freeze on beer duty as costs continue to rise for consumers resulting in a softening of beer sales
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NewsNightcap appoints group FD
Lizi Hills joins the late-night operator as its group finance director, from her role as head of finance at Various Eateries.
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NewsSector could face £900m rates increase
If current relief ends and business rates increase in line with inflation, come April, it could prove “fatal” for many hospitality businesses, UKHospitality has warned.
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NewsKFC taking new approach to recruitment
Through its new employability programme, Hatch, the business is aiming for a third of all new hires to be young people who have faced barriers to employment, by 2030
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NewsCoffee#1 sees sales double
The Caffe Nero Group-owned community coffee shop operator saw sales peak in September and October, at 117% of pre-pandemic levels, resulting in its first £1m gross sales week.
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InterviewsYoung’s: ‘We are still very acquisitive’
The pub operator has got the strength in its balance sheet and business model to get through the current headwinds, and is still focused on growth, CEO Simon Dodd told MCA