KFC and Pizza Hut help serve up huge profit for owner August 12, 2025 Huge dividends from KFC and Pizza Hut helped their owner Yum! Brands more than triple its profit last year, it has been revealed. The group’s European division has posted a pre-tax profit of $1.2bn (£892.7m) for 2024, up significantly from the $317.1m (£235.8m) it posted for 2023. The firm, Yum! Restaurant Holdings, is a holding [...]
Here’s why the Simmons bar was never going to last August 6, 2025 It should have worked. On every level. Millennial pink neon art, reliably late opening hours, chugging cheap cocktails to disco playlists. Who doesn’t like disco playlists? And yet, after taking the “tough decision” to close four bars, Simmons has gone into administration, owing millions to the bank and tax collectors. When Simmons launched in 2013, [...]
An homage to Canada’s only butchers shop (and fab lunch spot) August 4, 2025 In a new series celebrating the people and places nominated for our Toast the City awards, celebrating the best of Canada, Adam Bloodworth finds the ultimate spot for an indulgent lunchtime sausage baguette WHAT’S THE DEAL? It’s far too common to spend incredible amounts of money on lunch in the City, so it’s [...]
Dishoom served huge valuation after founders sell stake August 4, 2025 Dishoom has been valued in the region of £300m after striking an investment deal with a firm backed by LVMH. The restaurant chain has agreed a deal for an undisclosed sum with US-based L Catterton in a move which will see founders Shamil Thakrar and Kavi Thakrar dilute their stakes. Both co-founders are expected to [...]
McDonald’s sheds 2,000 UK jobs as profit almost doubles August 4, 2025 Profit at the UK arm of McDonald’s almost doubled in 2024 as it shed more than 2,000 jobs, it has been revealed. The US fast food giant has posted a pre-tax profit of £120m for its latest financial year, up from the £66.3m it reported in 2023. That figure though was down from the £170.8m [...]
Gusto: Restaurants to close and almost 200 jobs lost as rescue agreed July 29, 2025 Almost 200 jobs have been lost at Italian restaurant chain Gusto after a deal to buy it out of administration was agreed. Cherry Equity Partners is to acquire the majority of Gusto in a move which will lead to around 190 redundancies and the closure of six restaurants. The deal, which is being undertaken through [...]
Wasabi: Sushi restaurant chain sheds jobs as profit slashed July 28, 2025 Profit at popular London sushi restaurant chain Wasabi has been slashed as it shed more than 100 jobs during its latest financial year, it has been revealed. The business has reported a pre-tax profit of £2.2m for 2024, according to new accounts filed with Companies House. The latest total comes after Wasabi posted a pre-tax [...]
JD Wetherspoons: Sales overtake pre-pandemic levels July 23, 2025 Sales at JD Wetherspoon have overtaken pre-pandemic levels for the first time after a sluggish five years for the hospitality industry. Revenues at its 794 pubs have grown 5.1 per cent in the year to date, the company told markets this morning, putting growth at the chain above the industry average. “Sales volumes, which were [...]
Grate news, a bottomless cheese bar is opening in London this month July 22, 2025 It’s the height of summer and it’s mostly been boiling, but it’s time to put the salad back in the fridge because London is getting its very own dedicated all-you-can-eat cheese bar. Coming to Camden Market this month, the Pick & Cheese venue will feature a conveyor belt of different types of cheeses. The team [...]
Marston’s: New pub strategy helps sales July 22, 2025 Pub giant Marston’s has said its switch from brewing to ‘pure-play hospitality’ is progressing ahead of schedule and showing encouraging results. Like-for-like sales for the 15 weeks to 12 July 2025 rose 2.9 per cent, in line with expectations, Marston’s told markets this morning. Excluding the impact of last year Euro 2024 Championships, like-for-like sales [...]