Story of the Day:
Yolé targeting 150 UK sites in next few years, aiming to open flagship store and first new franchise location this year
26 July 2024
Yolé, the world’s first zero dairy and added sugar ice cream and frozen yogurt brand, has told Propel it is targeting 150 UK sites over the next few years and is aiming to open a flagship store and first new franchise location this year.
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Other News:
26 July 2024
US coffee shop concept Roasting Plant Coffee, which operates six sites in London, has completed a $10m (£7.7m) funding round to aid its growth and innovation plans.
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26 July 2024
Brighton Pier Group has warned full-year Ebitda is expected to be below market expectations following “disappointing” year-to-date trading, primarily due to poor weather.
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26 July 2024
Mitch Tonks, founder and chief executive of Rockfish, the nine-strong seafood restaurant group, has told Propel that the company’s first seafood café, which is set to open next year, will be a “test case for further expansion”.
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26 July 2024
Phil Urban, chief executive of Mitchells & Butlers (M&B), the All Bar One, O’Neills and Harvester operator, has told Propel that cost headwinds have improved but the national minimum wage is “likely to be significant again”.
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26 July 2024
Ben Lacey, managing director of Insomnia Cookies UK, the late-night bakery brand, has told Propel the business still has an ambition to build a nationwide presence and has an appetite to have up to ten new sites over the next 12-18 months.
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26 July 2024
Street food cafe franchise Chaiiwala is set to open three more drive-thru locations this year.
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26 July 2024
All-day dining casual cafe brand Boston Tea Party has launched a new delivery-only concept, Hash & Bun.
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26 July 2024
All-day market concept Farmer J is set to make its debut in west London with an opening in Hammersmith. Opening next Wednesday (31 July), the group’s 11th site will open at 10 Hammersmith Grove.
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26 July 2024
Merrie England, which operates six sites in West Yorkshire, has been acquired by a group of local investors.
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25 July 2024
Creams chief executive Everett Fieldgate has told Propel that the marketplace is “incredibly challenging”, but that the business is “holding up quite well”.
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25 July 2024
Young’s has reported like-for-like sales are up 3.4% for the first 16 weeks of its new financial year with revenue up 26% in total as its “strong trading momentum continues”.
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25 July 2024
Trust Inns, which is owned by a discretionary trust for the benefit of family members of the late Trevor Hemmings, has told Propel that trading for the first quarter of its new financial year “is in line with expectations”.
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25 July 2024
State of Play Hospitality, the Toby Harris-led international experiential leisure operator, has secured a flagship site in New York for darts brand Flight Club.
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25 July 2024
Greene King Pub Partners, the leased, tenanted and franchise business unit of brewer and retailer Greene King, has opened its sixth Nest Pub as it targets a ten-strong estate by the end of the year.
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25 July 2024
Brasseria Family, the current two-strong London restaurant business, was acquired out of administration for £392,967, Propel has learned.
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25 July 2024
Northern Chinese restaurateur Wenjun Xiang is looking to expand both her London-based dumpling restaurant and bubble tea businesses.
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25 July 2024
US brand Chipotle is to add to its UK opening pipeline with a site in the Lakeside shopping scheme, in Essex.
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24 July 2024
KFC franchisee Adil Group paid £17.45m to acquire 40 former Caskade Group restaurants, adding to its portfolio of 73 existing KFC restaurants across the country, Propel has learned.
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24 July 2024
Hub Box, the south west burger brand, was acquired for a total cash consideration of £600,000 and the release of £1.5m of secured debt against the company, Propel has learned.
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24 July 2024
VR Entertainment, the UK franchisee of Sandbox VR, has raised more than double its fundraising target after breaking the £1m barrier in its crowdfunding campaign, Propel has learned.
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24 July 2024
McDonald’s $5 value meal offer will be extended to August at most US locations after 93% of its restaurants voted in favour of the plan, according to a memo seen by Bloomberg.
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24 July 2024
Dessert franchise Chocoberry is set to make its London debut after securing a new franchise partner.
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24 July 2024
Thornbridge & Co – a joint venture between Derbyshire’s Thornbridge Brewery and specialist beer importer Pivovar – has secured a site in Sheffield for its fourth pub.
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24 July 2024
Anna Barnfather, sector analyst at Panmure Gordon, has said that she expects to see expansionary capex pick up as Fuller’s returns to the expansionary trail after a five-year hiatus.
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24 July 2024
Stonegate Group, the UK’s largest pub company, is to open the 40th site under its Be At One brand, and the second site under the format in Liverpool, next month.
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23 July 2024
Karali Group, owner of Crosstown, the artisan doughnut and specialty coffee brand, paid a total consideration of £3.5m to acquire 46 Taco Bell sites out of administration last month, becoming one of the biggest Taco Bell franchisees in the UK in the process, Propel has learned.
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23 July 2024
Board games cafe concept Draughts is to open its third London site and is looking to secure investment next year as it explores wider expansion in the UK and potentially the US, Propel has learned.
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23 July 2024
The Sushi Co, the concept backed by Raheel Choudhary, former Papa John’s International Franchisee of the Year, has lined up four new openings for the remainder of this year.
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