Story of the Day:
Exclusive: The Coffee House eyes estate of more than 80 sites after securing £4m investment from AJ Bell founder
1 May 2024
North west independent coffee shop The Coffee House is eyeing an estate of more than 80 sites after securing a £4m cash injection from the founder of investment platform AJ Bell, Propel has learned.
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Other News:
1 May 2024
Domino’s Pizza Group has reported a slow start to its second quarter “against tough comparatives last year” after seeing orders fall in the first quarter.
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1 May 2024
Hostmore, the parent company of TGI Fridays, has temporary suspended trading on the London Stock Exchange following a delay to the publication of its annual financial report.
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1 May 2024
Chris Kempczinski, chief executive of McDonald’s, has said that “industry traffic is slowing” across all of the brand’s major markets
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1 May 2024
Munchies founder Shafkat Khan has said he is aiming to grow his business to 50 sites and that delivery data leads him to where he opens next.
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1 May 2024
Heart with Smart Group, which operates Pizza Hut Restaurants and is an Itsu franchisee, has told Propel it plans to “reignite new unit growth in 2025” after restructuring its balance sheet, which includes a new £5m working capital facility.
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1 May 2024
Luxury hot chocolate shop concept Knoops has added sites in Bristol and York to its opening pipeline for this year.
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1 May 2024
Global sandwich brand Subway has been bought by private equity firm Roark Capital for circa $9.5bn (£7.52bn) after the deal was cleared by regulators.
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1 May 2024
Nusa Kitchen, the south east Asian takeaway concept, has returned to the expansion trail with an opening in London’s St Paul’s.
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1 May 2024
Popeyes UK, the US fried chicken quick service restaurant brand backed here by TDR Capital, is to make its debut in Leeds next Wednesday (8 May), with the opening of a delivery kitchen site.
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1 May 2024
Hawaiian poké specialist Honi Poké is set to open its second regional site, in Leeds.
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1 May 2024
Wimpy UK, the Famous Brands-owned burger chain, has said it is keen to sign up new franchisees as it launched a new Legend menu to celebrate 70 years since its launch.
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30 April 2024
Nick Collins, chief executive of café bar operator Loungers, has said that the business remains “really excited” by its roadside diner concept Brightside, with a fourth site under the format set to open in the second half of this year.
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30 April 2024
Lucky Voice, the social entertainment brand, is actively seeking franchisees for prime city locations across the UK, Ireland and the Middle East.
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30 April 2024
Specialty coffee concept WatchHouse has lined up its second opening in New York as it gears up to launch its final EIS raise tomorrow (Wednesday, 1 May).
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30 April 2024
Padel operator PadelStars, which has plans for sites across the south of England, has secured investment to support its expansion.
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30 April 2024
Morten Ortwed, co-founder of Copenhagen-based business DiningSix, has told Propel it hopes to open another site in London this year.
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30 April 2024
Midlands pub company Pub People, which is backed by investment manager Downing, has further increased its freehold estate with the addition of two new sites.
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30 April 2024
Buckinghamshire concept @homepizza has opened its fourth site and its first in London, in Canary Wharf.
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30 April 2024
Mexican-themed, quick service restaurant concept Burrito Picante, which was acquired by Scotland-based investment firm Edison Capital last month, will begin its expansion under its new ownership by opening a dark kitchen in Manchester next month
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30 April 2024
Valiant Pub Company, which was founded by Hawthorn Leisure co-founders Gerry Carroll and Mark McGinty at the start of 2021, has hired Darran Jacklin, formerly of Hawthorn and Admiral Taverns, as its new operations director.
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29 April 2024
Popeyes UK, the US fried chicken quick-service restaurant brand backed here by TDR Capital, has reached £100m-plus annual sales since its launched here in November 2021.
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29 April 2024
Maven Leisure, the venture from ETM Group’s co-founder Ed Martin (pictured), chief financial officer Landen Prescott Brann and non-executive chairman Graham Turner, is planning a £2m fundraise.
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