Story of the Day:
Wingstop CEO – UK average unit volumes now exceeding $2.5m
3 May 2024
Michael Skipworth, president and chief executive of Wingstop, has said that average unit volumes (AUV) for its business in the UK are now exceeding $2.5m (£2m).
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Other News:
3 May 2024
Wendy’s chief financial officer Gunther Plosch has said the company expects to see up to UK 50 restaurants by the end of the year, and that it is making progress in profitability here..
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3 May 2024
Hostmore, the parent company of TGI Fridays, has reported revenue fell to £190.7m for the year ending 31 December 2023 compared with £195.7m the previous year.
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3 May 2024
Jordan Hallows, founder of Rarebreed Dining, the three-strong steak-focused pub company, has told Propel that the business is perfectly balanced for growth to a ten-site operation.
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3 May 2024
Midlands micro-pub concept Ale Hub is aiming to double the size of its estate size over the next 18 months ahead of becoming a national franchise within five years.
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3 May 2024
The Ivy Collection, the Richard Caring-backed restaurant brand, is again eyeing an opening in Liverpool.
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3 May 2024
Independent south London pub group Livelyhood, owned by Sarah Wall, has acquired its seventh pub as part of its “strong growth plans for 2024”.
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3 May 2024
Henry Ayers, co-founder of coffee company Gentlemen Baristas, has launched a new coffee brand “focused on how to ensure beautiful coffee makes a difference”.
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3 May 2024
Popeyes UK, the US fried chicken quick service restaurant brand backed here by TDR Capital, is lining up its first opening in Northern Ireland.
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3 May 2024
Chef Jason Atherton (pictured) and his wife Irha are opening a new brasserie restaurant in the former Aquavit site in London’s St James’ Market this summer.
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3 May 2024
Bars and event solutions business Peppermint will launch a new dining and events space at the Queen Elizabeth Olympic Park in London later this month.
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2 May 2024
A deal was agreed in November for Young’s to acquire the owner and operator of circa 50 pubs across southern England and Wales, which valued the business at around £162m.
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2 May 2024
Rarebreed Dining, the steak-focused pub company, has appointed advisors to assist with a strategic review of the business and its property assets as it gears up to consider its options.
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2 May 2024
Yum! Brands has reported KFC system sales in the UK fell 1% for the first quarter ended 31 March 2024 compared with the previous year.
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2 May 2024
Caprice Holdings, the Richard Caring-backed, high-end restaurant business, has hired Yavuz Pehlivanlar, formerly of 50 Eggs Hospitality and D Ream International, as its new chief operating officer.
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2 May 2024
More than $15.4bn (£12.3bn) was wiped off the value of Starbucks as trading began on Wall Street after it revealed sales fell for the first time since the beginning of the pandemic.
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2 May 2024
Big Mamma Group, the McWin backed restaurant group, has moved closer to making its regional debut after applying for a licence on a site in Manchester.
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2 May 2024
Lemon Pepper Holdings, the company behind the rollout of Wingstop in the UK, is set to add a site in Ealing, west London, to its 2024 opening pipeline.
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2 May 2024
Zambrero, Australia’s largest Mexican quick-service franchise, which received £143m in equity financing to open more restaurants in Britain and Ireland last year, is planning to open a second site in Manchester.
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2 May 2024
Coca-Cola Company has reported a 3% decline in unit case volume performance across its coffee division in the first quarter of 2024, which it said was primarily due to the performance of Costa Coffee in the UK.
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2 May 2024
Itsu, the circa 85-strong, healthy Asian food chain, has hired Kate Thompson, formerly of Costa Coffee and Sainsbury’s, as its new property director.
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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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