All articles by Shwetali Sapte – Page 34
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Analysis & InsightSeasonal socialising dampens spend on restaurants
Consumer card spending on restaurants fell further into decline in November, decreasing to -11.9% year-on-year, according to Barclaycard
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NewsKarma Kitchen triples estate
The commercial production kitchen operator, which works The Athenian, Sam’s Chicken, and Tacos Padre, has opened its fifth unit
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NewsSoho Coffee committed to returning to profitability
The 28-strong coffee shop operator reported revenue of £16m in the year to January 2023, along with a commitment to the long-term future of the business
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NewsGail’s bolstered by continued top line growth
The artisan bakery chain reported turnover of £135m in FY23, with “healthy growth” in its established locations and c28 openings planned for FY24 as it continues expansion outside the Southeast
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NewsCosta debuts streamlined ordering features
The coffee shop chain has reopened its Plymouth outlet with touch screen ordering and order-to-table features
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NewsRed Oak Taverns refinances debt with OakNorth
OakNorth had previously financed the business for six years, ahead of Red Oak moving to Hayfin in March 2022
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NewsSenior team changes at Brakspear
CFO David Nathan becomes chief operating officer, while property manager Tony Lewis has been promoted to property director
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NewsCoco di Mama expands partnership with Roadchef
The Italian food-to-go brand will bring its pasta offering to up to eight motorway service areas across the UK by January 2024
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Analysis & InsightHospitality debt burden tops £3bn for first time
The debt burden of the UK’s top 30 restaurant groups has broken through £3bn for the first time, according to new research by UHY Hacker Young
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NewsNightcap CFO steps down
Toby Rolph will step down after nearly three years with the late night operator, with Richard Haley appointed interim CFO
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InterviewsFive Guys: ‘It’s an analogue brand in a digital world’
CEO John Eckbert speaks to MCA about hitting new sales records, moving towards the 300-site mark in the UK and introducing a vegetarian offer for the first time
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NewsOttolenghi reports strong trading
The group, which operates sites including Nopi and Rovi in London’s West End, reported turnover of £27.8m in the year to March 2023
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NewsCooks Coffee: Growth underpinned by strong demand
The 68-strong Esquires operator reported a 22% increase in UK store sales in the six months to 30 September
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NewsM&B reports record market outperformance
The Toby Carvery and Harvester operator reported like-for-like growth across its portfolio, with total revenue of £2,503m for the year ended 30 September
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NewsKricket secures funding ahead of fourth site launch
The modern Indian concept will launch in Canary Wharf, having secured a new round of funding from White Rabbit Projects alongside additional funds from the founders
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NewsCarl Traill steps down from Miss Millie’s
Traill steps down as CEO after five years with the fried chicken concept, which is targeting 100 stores in the next five years
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NewsKFC opens first little drive-thru in UK
Opening in Stafford, the new model is designed to plug the gap in smaller trade zones and for tight sites
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InterviewsLoungers: ‘We’re very positive about 2024’
The versatility and all-day nature of its offer ensures the continued success and relevance of the model, CEO Nick Collins tells MCA
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NewsGong cha appoints UK&I development director
Justin Goes, who spent two decades with Subway, will help drive the bubble tea concept’s UK expansion as it aims for a global estate of 10,000
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InterviewsPrezzo: We were stagnant and lacking differentiation
Following the Italian casual dining brand’s latest restructure earlier this year, chief brand officer Olly Smith speaks to MCA about nurturing a self-sustainable, profitable estate, with an evolved strategy including a retail range and revamped food offer