Why are there more restaurants than retailers on Britain’s high streets?
Restaurants are taking over the British high street as consumer appetites veer towards food and beverage over bricks-and-mortar retail. Here’s why.
Tag: Restaurant Industry
Wasabi hooks £30m HSBC facility for London expansion
Sushi restaurant chain Wasabi has secured a £30m revolving credit facility from high street bank HSBC to support plans to expand further in London.
£85m Las Iguanas acquisition highlights hunger for the British restaurant industry
Latin American-themed restaurant chain Las Iguanas has been acquired by the Casual Dining Group, owner of Cafe Rouge and Bella Italia, for a sum of £85m.
The UKs fastest growing private companies: Hot 100 2015 (79) Busaba Eathai
Since last appearing on Real Business’s Hot 100 in 2014, Busaba has made expansion outside of London, as well as retaining loyal customers, its top priorities.
The UK’s fastest growing private companies: Hot 100 2015 – (16) Ed’s Easy Diner
Inspired by the classic 50s American diner experience, burger business Ed’s has grown from a single Soho operation to over 30 branches with more on the way.
McDonald’s falling global business to “reset and turn around” under British CEO
Steve Easterbrook took the top spot at McDonald’s as president and CEO in March, and the British boss has now revealed a plan to “reset and turn around” the global business in order to improve falling financials.
The businesses redefining the meaning of fast food
Online services like Just Eat have changed both the food industry and our expectations as customers. The online intermediary platform between independent takeaway food outlets and customers has created an easier, seamless experience – and other companies have been looking to get in on the action.
British hospitality sector thrives as consumers increase spend on hotels and restaurants
The latest UK Expenditure Index from Visa Europe has revealed British consumers are increasingly spending their money on the hospitality sector, while the appetite for clothing and footwear continues to fall.