Itsu

Knoops welcomes Lush co-founder to board amid sales uplift

Knoops has appointed Lush co-founder Andrew Gerrie to the board as it recorded a 22% increase in like-for-like sales for the five weeks ended 29 December 2024.  The company’s revenue growth of 79% YTD is on track to deliver the business plan for the year ending March 2025 with annual…

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Today’s news in brief – 05/12/24

UKH Scotland has welcomed the new 40% business rates relief for the sector, which will provide “much-needed support” for eligible hospitality businesses. However, the trade body also highlighted that 2,600 Scottish hospitality businesses will still miss out. Those businesses face increased employer NICs from the UK Budget. Itsu has secured…

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Itsu secures partnership with Delaware North

Itsu has announced a new collaboration with hospitality company Delaware North, which will see the chain deliver sushi produce to Emirates Stadium in Islington, London.  This partnership, which aims to build Itsu’s presence beyond traditional high street locations, follows another brand new partnership with Vitality and the launch of its…

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Knoops launches fundraise amid 110% FY revenue increase

Knoops is ring-fencing at least £1m in a campaign via Crowdcube to allow its customers to join existing investors in a wider £5m EIS fundraise as the company sees revenue increase in FY24. The proceeds will allow Knoops to add to its 21 stores in the UK, expand its retail,…

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Today’s news in brief – 09/08/24

RBI’s total revenues for Q2 leapt 17.2% to $2.08bn (£1.63bn), as group-wide sales grew 5.4% to $11.25bn (£8.82bn). Tim Hortons saw a 5.4% rise in group-wide sales to $1.93bn (£1.51bn), while Burger King experienced a slight 0.7% decline to $2.92bn (£2.29bn). Popeyes also saw sales growth of 4.6%, reaching $1.55bn…

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Itsu to open first shopping centre site in Manchester

Itsu, the Asian-inspired restaurant brand with over 80 locations across the UK, has announced it is set to open its first shopping centre site in the North at retail and leisure destination, Trafford  Centre.  Set to open in Autumn 2024, the new Trafford Centre location will take over a 2,900…

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Knoops appoints two non-exec directors

Knoops has announced the appointment of Julian Metcalfe and Alice Avis as non-executive directors, both also being investors in the business.  Metcalfe is a “renowned” entrepreneur and co-founder of Pret a Manger and founder of Itsu.   Avis was previously CEO and chair of the Sanctuary Spa Group, an international beauty…

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Heavenly Desserts launches partnership with Itsu

Heavenly Desserts has announced a partnership with Itsu to launch sweet chocolate bao buns in its stores. Set to launch in Heavenly Desserts’ 48 restaurants UK-wide, the vegan bao buns are filled with a smooth chocolate filling and are served alongside a caramel dipping sauce. This addition to the Heavenly…

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EL&N to open new Edinburgh café

EL&N has announced that it will open a new café in St James Quarter, the 1.7m sq ft retail district in Edinburgh. It marks the café’s first UK launch outside of London. EL&N is known for its signature drinks such as the Spanish Latte and the Ombre Passionfruit Cooler mocktail.…

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Itsu sees FY21 turnover hit £86.5m

Asian-inspired food brand, Itsu, revealed that its City restaurants have seen “steady” growth throughout 2022, with a reported turnover of £86.5m during FY21, which is said to be an increase of 40% on the prior year.  In addition, the restaurant chain’s supermarket offerings saw an EBITDA growth of 56% and…

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