Story of the Day - 26 July 2024
Yolé targeting 150 UK sites in next few years, aiming to open flagship store and first new franchise location this year
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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26 July 2024
Roasting Plant Coffee raises $10m to fuel growth and innovation
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.
26 July 2024
Brighton Pier Group warns full-year Ebitda expected to be below market expectations following ‘disappointing’ year-to-date trading
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.
26 July 2024
Rockfish CEO – new café opening to be test case for further expansion
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”.
26 July 2024
M&B CEO – cost headwinds have improved but NMW likely to be significant again
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”.
26 July 2024
Insomnia Cookies UK – we’ve got an appetite for at least up to ten new sites over the next 12-18 months
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.
26 July 2024
Chaiiwala set to open three more drive-thrus this year, plans further transport hub sites
Street food cafe franchise Chaiiwala is set to open three more drive-thru locations this year.
26 July 2024
Boston Tea Party launches delivery-only concept
All-day dining casual cafe brand Boston Tea Party has launched a new delivery-only concept, Hash & Bun.
26 July 2024
Farmer J to open first west London site
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.
26 July 2024
West Yorkshire coffee shop business Merrie England acquired by investor group
Merrie England, which operates six sites in West Yorkshire, has been acquired by a group of local investors.
25 July 2024
Creams CEO – market place is incredibly challenging but we’re holding up well, we’ll move forwards on Middle East at the right time
Creams chief executive Everett Fieldgate has told Propel that the marketplace is “incredibly challenging”, but that the business is “holding up quite well”.
25 July 2024
Young's reports lfls up 3.4% in first 16 weeks of new financial year as 'strong trading momentum continues'
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”.
25 July 2024
Trust Inns reports current trading ‘in line with expectations’ as full-year revenue increases to £42m
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”.
25 July 2024
State of Play Hospitality secures New York site for Flight Club
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.
25 July 2024
Greene King targeting ten-strong Nest Pub estate this year as it opens sixth site
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.
25 July 2024
Brasseria Family business acquired out of administration for circa £400,000
Brasseria Family, the current two-strong London restaurant business, was acquired out of administration for £392,967, Propel has learned.
25 July 2024
Northern Chinese restaurateur looking to expand her dumpling restaurant and bubble tea businesses
Northern Chinese restaurateur Wenjun Xiang is looking to expand both her London-based dumpling restaurant and bubble tea businesses.
25 July 2024
Chipotle plans Lakeside opening
US brand Chipotle is to add to its UK opening pipeline with a site in the Lakeside shopping scheme, in Essex.
24 July 2024
Adil Group paid £17.45m to acquire 40 former Caskade KFC sites
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.
24 July 2024
Hub Box acquired for £600,000 and release of £1.5m of secured debt against company
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.
24 July 2024
Exclusive – Sandbox VR UK franchisee raises more than double its target as it breaks £1m barrier in crowdfunding campaign
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.
Promotional Content
20 June 2024
UTOPIA: The Syrian Street Food Concept making London taste better
Hind Danoun is one of the many successful refugee entrepreneurs to come out of the McCain Streets Ahead Programme. From joining the programme in 2022 to turning over £21,000 in revenue since launching late 2023.
17 July 2024
Taste Uzbekistan: The Street Food Duo sharing the traditions and flavours of Central Asia
In 2022, Akbar and Sanobar joined the Streets Ahead program with a clear vision: to become the ultimate destination for food enthusiasts seeking an authentic and immersive experience.
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