Starbucks has reported financial results for its 13-week fiscal fourth quarter and 52-week fiscal year ended 28 September 2014. Highlights include record revenues up 11%, and 1599 new stores opened globally. Howard Schultz, chairman, president and ceo of Starbucks Coffee Company commented: “Starbucks performance in fiscal 2014 was extraordinary by any metric or … [Read more...]
Updated Salon Culinaire puts World-Class Culinary Experience on Menu
The world’s premier culinary competition, Salon Culinaire, will yet again provide a show- stopping spectacle for highly skilled chefs across number of sectors when it returns to grace The Hospitality Show (NEC Birmingham, 19-21 January, 2015). The 2015 event, will once again comprise three key elements: the exquisite Salon Display, competition classes of Live Theatre, and … [Read more...]
Boston Tea Party reports 39% sales growth
Boston Tea Party, the Bristol-based chain of 15 cafes, has reported like-for-like sales growth of 11.5% for the 52 week period ending October 22nd 2014. Taking into account the sales contribution of new openings, however, the sales growth reaches +39% and totals £11m. Sam Roberts MD says, “I am extremely pleased to report that each of the 15 cafes in the Group is making a … [Read more...]
The Student Hotel to expand in UK and Europe
The Student Hotel has announced a capital increase and equity commitment of EUR 150 million funded by Perella Weinberg Real Estate which will enable the Amsterdam-based leading student accommodation provider to expand significantly further into Europe. The capital increase will allow The Student Hotel to address the shortage of quality accommodation across Europe to meet … [Read more...]
Rosa’s Thai Café journeys from East to West London
Continuing its exciting journey from humble beginnings as a street food stall on East London’s Brick Lane, Rosa’s Thai Café is opening in its first West London location in Chelsea, setting up shop in a Grade-II listed building on Fulham Road. Husband and wife team, Alex and Saiphin Moore will introduce SW10 to their winning combination of authentic, home-cooked, comforting … [Read more...]