business
Stories tagged “business”
Starbucks and Chipotle report mixed earnings
Weeks after Starbucks denied exploring a Chipotle takeover, the coffee chain beat forecasts while Chipotle's profit fell despite stronger sales.
Britain loses 19 hospitality venues a week
Net closures ran at nearly 19 licensed venues a week over the past year, NIQ data shows, leaving the sector a quarter smaller than before the pandemic.
Alsea's Europe sales rise 2.8% as Starbucks France leads
The Mexican franchise group's Starbucks, Domino's and Vips business in Spain and France posted €305m in third-quarter sales, with adjusted EBITDA at €44m.
Manolo Bakes CEO: José Antonio del Castillo takes charge
The Spanish cruffin chain's general manager succeeds co-founder Pablo Nuño, who steps back as the company, now 49.9% owned by British fund VGO Capital, lines up its next expansion push.
Red Robin's activist investors leave the board after turnaround
James Pappas and Chris Martin joined in 2024 to force a balance-sheet fix. Two years, 108 sold restaurants and a refinancing later, they're stepping down.
Sodexo revenue slips as UK arm reports real momentum
Group revenue fell 0.5% to €24bn and margins narrowed in 2026, even as Sodexo UK & Ireland signed new hospital and school contracts.
Fogo de Chão bets on protein with a $45 plate
The Brazilian steakhouse chain renames its Single Churrasco Cut as Protein Plates on 3 November, leaning into the macronutrient trend reshaping US menus.
Hawksmoor turnover rises 9.4% to £109.8m
Filed accounts show the steakhouse group's operating profit climbing to £5.4m, helped by a full year of trading in Chicago and a new St Pancras site.
Ivy Collection sales grow to £348m as profit nearly doubles
Ivy Collection sales reached £348m at Troia UK Restaurants, chaired by Richard Caring, with pre-tax profit nearly doubling to £40m even as staffing costs rose across the industry.
Simon Rogan says UK expansion is off and looks abroad
The chef behind three-starred L'Enclume says margins are too thin to build in Britain, and points to the new visitor levy as the latest cost on the pile.
Indian single malt: Allied Blenders backs Aurangabad plant
The maker of Officer's Choice will put up to 115 crore rupees into a malt distillery and warehouse in Maharashtra, targeting three million litres a year.
Seppelt sale hands Great Western to a Stonier-led group
Treasury Wine Estates has agreed to sell the 1851 brand, its Great Western winery and the Drumborg vineyard to buyers led by Stonier's Aaron Drummond.
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