Cinnabon

Today’s news in brief – 22/08/24

Punch Pubs and Co has named Andy Spencer its new CEO, effective from 27 September. It comes after current CEO Clive Chesser will be moving on to the same role at the Pure Gym Group after six years at the pub operator. Spencer has over 20 years of experience in…

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EG on the Move expands Cinnabon UK estate

The master franchisee of Cinnabon in the UK, EG on the Move, has opened more stores at the Bullring in Birmingham and in Livingston, Scotland, as part of the brand’s plans to expand its footprint.  EG on the Move is also planning to open at least six more stores before…

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EG Group to sell 218 KFC franchise restaurants

EG Group has announced that it has entered into a definitive agreement to sell all its 218 KFC franchise restaurants in the UK and Ireland to Yum! Brands’ KFC Division. The transaction agreed by EG Group – the largest KFC franchisee in the UK and Ireland – is an additional…

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Cinnabon launches UK delivery service

EG Group, the franchiser of US bakery Cinnabon, has announced the launch of its delivery service is to be rolled out across the UK.  It is said that the news follows “considerable” demand from consumers.  The newly launched service will reportedly cover mainland UK and will deliver customers their orders…

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EG Group revenues hit £5bn as foodservice profits surge 54%

The EG Group has reported that its revenues surged 25.1% year-on-year from $5.52bn (£4.4bn) to $6.91bn (£5.5bn) in the three months ending 21 March 2022 (Q1), driven by growth in its foodservice business. Foodservice operations saw a 54% rise in gross profits to $175m (£139.7m), compared to $114m (£91m) in…

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