Tag Archives: Restaurants

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M&B nets £46m from sale of 79 sites that don’t fit with strategy

M&B nets £46m from sale of 79 sites that don’t fit with strategy

Mitchells & Butlers has raised £46m from offloading 79 sites in the last few months, it revealed this morning. The pub and restaurant chain sold 73 of the properties to property investment company Aprirose in a package deal and it will now run them under the Milton Pubs and Taverns brand. A further six sites

ISLAMABAD, PAKISTAN:  Pakistani cooks prepare dishes in the kitchen of Cafe Lazeez restaurant, a British curry chain, in Islamabad, 02 March 2005.  Cafe Lazeez owner Zahid Kasim, who launched the first of his Cafe Lazeez eateries in London 13 years ago and helped to update the country's ubiquitous "Indian" restaurants from relics of the 1970s to trendy culinary experiences, has gambled that he can successfully export his fusion of South Asian and European cuisine the 6,000 kilometers (3,728 miles) back to Islamabad, the capital of his food-crazy native country.   AFP PHOTO/Farooq NAEEM  (Photo credit should read FAROOQ NAEEM/AFP/Getty Images)

Foodservice market slips to five-year low as growth slows

Stunted growth within the foodservice industry has seen the sector report its weakest six months in five years, new figures suggest. While average spend and visit rates grew by 2% and 1% percent respectively during the second quarter, it was less than the previous three months, leading to lowest rate of half-year growth since 2012,

Yo! Sushi

YO! Sushi tops £88m sales as it plans more UK restaurants

Japanese kaiten conveyor belt restaurant chain YO! Sushi turned over £88.4m last year as it implemented a series of strategic changes to its portfolio in a bid to drive growth in 2017. The chain recorded adjusted EBITDA of £10.7m in the UK for the 12 months to 27 November 2016, equivalent to around 12% of

Jamie Oliver

Jamie Oliver won’t shut any more restaurants now ‘problem sites’ have closed

Jamie Oliver has said he is not planning to shut any more restaurants following the decision to axe six “problem sites” from his portfolio at the start of this year. The TV chef hit the headlines back in January when he closed half a dozen restaurants from his Jamie’s Italian group, blaming Brexit cost pressures

Wildwood Peterborough

Wildwood tweaks menus and reduces dishes as margin pressure bites

Tasty Plc, the owner of the Wildwood and Dim T restaurant brands, has gone back to its development kitchen to implement a major menu restructure as part of measures to cut costs and overcome margin pressure. The move is part of a strategy that also includes shutting underperforming stores and matching the promotional activity of rivals

Steve Proud, business development manager

Proud Inns reckons it can slash gas bill by 50% using British-made grills

A growing North East England pub and hotel group has equipped its kitchens with cooking appliances from Synergy Grill as part of an effort to reduce catering bills. Four SG630 Synergy Grills have been installed in each of the four restaurant kitchens run by Proud Inns in Durham and the surrounding area. The group has bought in the

Filmore & Union

Northern restaurant chain nets £3.5m to fund roll-outs

A northern-based chain of restaurants and delis has secured a £3.5m investment from BGF to accelerate its new site roll-out. Filmore & Union, which currently operates 14 sites and recently opened a concession in John Lewis, will use the funding to expand its portfolio across the North of England and the Midlands. Created in 2012

Pizza Hut

BREAKING NEWS: Pizza Hut turns over £233m as restructuring programme enters final stages

Pizza Hut will have closed five restaurants and redesigned more than 40 by the end of this year as it seeks to improve profitability and cash generation of its UK operations. The chain, which now numbers 266 restaurants, has been embarking on a deliberate strategy to consolidate its estate and exit sites that are under-performing

Buca di Pizza 1

Emerging pizza chain to spend £175k fitting out new Hull site

Pizzeria chain Buca Di Pizza has bagged a 1,900 sq ft unit at Hull’s Fruit Market as it continues to expand across the north of England. The 80-cover site, which can also seat 20 outside, will be the fourth addition to the company’s store network and the first in East Yorkshire. It currently has two