All articles by Shwetali Sapte – Page 23
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NewsHostmore shares plunge 90%
The slump in shares means the company is valued at c£1.4m since it announced it has abandoned its takeover of the American TGI Fridays business
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NewsAdmiral acquires 18 pubs from Marston’s
The portfolio of wet-led establishments spans the UK, located in counties including Dorset, Derbyshire, and Yorkshire, and will bring Admiral’s estate to over 1,420 sites
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Analysis & Insight‘People are tired of the same old meal deals’: The contemporary sandwich concepts taking on Subway and Pret
MCA looks at the new concepts shaking up the market, from Sandwich Sandwich and Gerry’s Hot Subs to Dom’s Subs and Chatsworth Bakehouse
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InterviewsBunify looks to scale to 40+ sites
The fast food concept currently operates four London sites and is on the lookout for small high street units, according to advisor Paolo Peretti
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InterviewsParogon Group seeks to more than double estate
The Staffordshire-based is aiming to build a 25-strong estate within three years as it rolls out its all-day concept Willow, MD Richard Colclough tells MCA
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NewsOpenings of the week
MCA rounds up the week’s biggest openings stories, featuring Big Mamma Group, BAO, Inception Group, and more
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NewsThe Restaurant Group delivers double-digit growth across divisions
CEO Any Hornby hailed a “genuinely transformational year for TRG” where Wagamama saw 11% lfl growth, and Brunning & Price pubs and Concessions saw a 10% and 29% uplift respectively in 2023
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NewsTrade bodies call for tax cuts ahead of October Budget
The BBPA has called for a cut to beer duty, while a BII survey found 62% of pub owners said an outdoor smoking ban would significantly impact trade
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NewsCornish Bakery adds four to pipeline
The new openings will take the group’s estate to 65, following record-breaking summer sales exceeding £1m per week and like-for-like growth of 6.5%
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NewsMarket Place announces plans to double estate
The London food hall concept has lined up three new sites for 2025, with regional and international expansion to follow
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InterviewsXP Factory sees potential for at least 150 sites
CEO Richard Harpham said the experiential operator is focused on UK expansion in the near term and envisions at least 100 sites for Boom Battle Bar, in addition to 50+ sites for Escape Hunt
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InterviewsMJMK Restaurants: ‘It’s about being best in class’
Founders Marco Mendes and Jake Kasumov speak to MCA about driving spend at Casa do Frango, launching Fonda and AngloThai, and how KOL continues to go from strength to strength
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NewsTortilla appoints new MD for French business
Eric Wauthier-Wurmser, formerly of Groupe Le Duff, will oversee 13 company-owned stores and 18 franchised locations recently acquired from Fresh Burritos
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NewsRevolution announces completion of restructuring plan
The Revolucion de Cuba and Peach Pubs operator made the announcement this morning, with a total of 1,267,768,705 new Ordinary Shares admitted to trading
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NewsShake Shack actively pursuing new sites
The group, which recently opened its 17th UK location in St Pancras, reported £49m in sales in 2023 and is encouraged to continue expanding due to an improved trading landscape
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NewsMegan’s sees return to profitability
The all-day restaurant group has achieved a record £29.6m in revenue, up nearly 12% year-on-year, as it continues expanding outside the capital
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NewsNew VP of business development at Rhubarb Hospitality Collection
The premium hospitality group, which operates the F&B offer at venues including Royal Albert Hall and Sky Garden, has appointed Tom Crocker to the role
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NewsOrigins 1450 acquires The Gentlemen Baristas
The Qima Coffee parent company will build upon its UK footprint after acquiring The Gentlemen Baristas’ two sites and 12,000 sq ft roastery
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Analysis & InsightBarclaycard flags ‘sweet treat economy’
Consumers continue to spend on affordable luxuries like baked goods despite trying to cut back, according to the latest Consumer Spend report
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Analysis & InsightCoffee, cocoa and potato prices likely to remain inflated
Operators should account for concerns over beef production, cod quotas, and the impact of extreme weather on commodities while planning festive menus, warns Lynx Purchasing