Hummus Bros, the popular hummus and Levantine restaurant chain across London, has launched a campaign to raise £250,000 in return for 4.35% of equity through the Seedrs equity crowdfunding platform. The fundraising will enable Hummus Bros to open two new high street outlets and continue the expansion of its unique network of pop-ups, which it has introduced in corporate … [Read more...]
Front of house wages: Perceptions and Truth
The British foodservice sector is set to increase by 1.5% in 2016 (The NPD Group) and grow by £10bn to be worth £56.3bn by 2019 (Horizon). There are currently 2.5 million people working in hospitality and an estimated 300,000 more jobs forecast by 2020. Although the commonly known careers in hospitality are in the kitchen or in food and drink, front of house and service jobs … [Read more...]
Strong momentum continues for JUST EAT
JUST EAT, the leading online market place for takeaway food delivery, has updated for the three months to 31 March 2015, confirming that strong order momentum continued throughout the First Quarter of 2015. David Buttress, Chief Executive Officer, commented: "I am delighted with the Company's performance over the First Quarter. The team has worked very hard in all our … [Read more...]
McDonald’s announces initial steps in turnaround plan
McDonald's President and CEO Steve Easterbrook has announced the initial steps of the Company's turnaround plan including a restructuring of McDonald's worldwide business and financial updates. "Today we are announcing the initial steps to reset and turn around our business," Easterbrook said. "As we look to shape McDonald's future as a modern, progressive burger company, … [Read more...]
Spirit Pub Co: how it’s achieving growth
As reported by H&C News on 29 April, Spirit reported its Results for the 28 weeks to 7 March 2015, showing good progress for its portfolio of 1,211 Managed and Leased pubs nationwide, with EBITDA up 5%; profit before tax and Earnings per Share both up 12%, and Mike Tye, Chief Executive Officer, commenting: “We have made good operational and financial progress across both … [Read more...]