Cornish Bakery
Coverage of growth strategy, brand repositioning, and F&B development at a bakery-led operator blending craft quality with high-street and destination retail. This section explores store openings, design evolution, leadership updates, and product innovation, providing insight for hospitality professionals tracking premiumisation in the bakery sector and the crossover between takeaway, café culture, and artisan food experiences.
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Feb- 2025 -10 FebruaryNews-In-Brief
Today’s news in brief – 10/02/25
Red Engine has unveiled its 2025 global expansion plans as its Q4 sales rose 24% to £25.3m. The hospitality group behind Flight Club and Electric Shuffle saw its sales combined with its franchise partners reach £38.4m, spelling a rise of 23% year-on-year – with like-for-like sales increasing by 4%. Britain’s…
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10 FebruaryCafes and Coffee Shops
Cornish Bakery eyes expansion as FY24 turnover rises 24% to £29m
Cornish Bakery is looking to “substantially” grow the business, as net turnover rose by 24.05% to £29.4m in the year ended 30 May 2024. At the year end, Cornish Bakery had 61 bakery locations across the UK – five more than a year prior – including six locations under a…
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Dec- 2024 -20 DecemberNews-In-Brief
Today’s news in brief – 20/12/24
Drake and Morgan reported that turnover rose 5% to £45.5m for the year to 31 March. Alongside this, the company’s adjusted EBITDA rose to £4.4m, up from £4.1m the previous year. It comes as the company has stated that Christmas bookings are set to eclipse last year’s record across its…
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20 DecemberCafes and Coffee Shops
New Cornish Bakery site sees ‘record’ trading in opening week
Cornish Bakery’s 65th opening in Milton Keynes has “surpassed all expectations”, taking a record-breaking £40k within its first week of trading. It comes as the new bakery opened to “unprecedented” demand, causing a queue of people to block the main flow of the shopping centre. Both the centre:mk and Cornish…
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Nov- 2024 -6 NovemberNews-In-Brief
Today’s news in brief – 06/11/24
Domino’s has reported that total sales rose 3% to £374.8m in Q3, as total orders increased 3.5% on a comparable basis to 17.4 million. The group attributed its performance to delivery orders continuing its “strong” momentum, as it was up 6.6% against last year’s Q3 to 11.1 million. However, collection…
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6 NovemberCafes and Coffee Shops
Cornish Bakery named in latest Top 100 Retail Growth Index
Cornish Bakery has been cited as one of the only UK hospitality companies in this year’s Top 100 Interpath Retail Growth Index, as the chain achieved “record-breaking” sales of over £1m per week. The index, which tracks multiple sectors, from fashion to forecourts and hobbies to wellbeing, ranks their two-year…
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Jul- 2024 -17 JulyCafes and Coffee Shops
Cornish Bakery to open 61st location in Nottingham
Independent bakery chain Cornish Bakery will be opening its 61st location in Nottingham on Monday 12 August, creating 18 jobs and supporting the community through local partnerships. The bakery will be located on Bridlesmith Gate, an area which has existed since the Middle Ages and until the 19th-Century as the…
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Jun- 2024 -13 JuneNews
Today’s news in brief – 13/06/24
Fuller’s has reported a 61% rise in profits before tax to £20.5m for the year ended 30 March. It comes as sales at the brewing company rose by 7% to £359.1m, while EBITDA reached £60.8m. During the year, the company also invested £27.2m in its existing estate of properties. UKH…
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13 JunePeople
Cornish Bakery names first managing director
Independent chain Cornish Bakery has announced the appointment of hospitality specialist Mat Finch as its first ever managing director. In his new role, Finch will work alongside founder Steve Grocutt to drive the company’s stated objectives of “building a unique team culture, winning beautifully and supercharging swift growth”. Finch has…
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Mar- 2024 -5 MarchNews
Today’s news in brief – 05/03/24
Greggs reported pre-tax profits of £188.3m for 2023, as sales increased 19.6% to £1.8bn. The group opened a “record” 220 new shops in 2023 and 75 closures (145 net openings), growing the estate to 2,473 shops as at 30 December 2023. Looking ahead, Greggs expects no change to management’s expectations…
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