Itsu blames inflation and Labour tax hikes as rising costs bite Hospitality Itsu has posted its third consecutive annual loss as the Asian food-to-to chain blamed surging inflation and Labour hikes to employment taxes for its rising costs. The edamame eatery, founded by the grab-and-go tycoon behind Pret a Manger, said the UK’s fast food industry is suffering from fragile consumer confidence and a rising tax burden. [...]
Leon to close sites and cut jobs as it enters administration hospitality Fast-food chain Leon is set to enter administration, close a number of locations and cut jobs as part of a bid by its new owner to turn around the struggling chain. The company was bought back by co-founder John Vincent last month from Asda in a deal reported to be between £30m and £50m, well [...]
Domino’s takes on KFC and Popeyes with new fried chicken menu Retail Domino’s has announced a new foray into the fast-growing fried chicken market as it looks to turn the tide on tough economic conditions. Chief executive Andrew Rennie said that the new menu items – tenders, wings, and boneless bites with nine “globally-inspired” dips – were a “bold new chapter for Domino’s”. Rennie added that the [...]
Papa John’s: UK losses continue as over 70 locations closed August 4, 2025 The UK arm of Papa John’s continued to make significant losses in 2024 as it closed more than 70 locations. The division of the US pizza giant has reported a pre-tax loss of £21.8m for its latest financial year, having also lost £19.2m in 2023. New accounts filed with Companies House also show the firm’s [...]
McDonald’s sheds 2,000 UK jobs as profit almost doubles August 4, 2025 Profit at the UK arm of McDonald’s almost doubled in 2024 as it shed more than 2,000 jobs, it has been revealed. The US fast food giant has posted a pre-tax profit of £120m for its latest financial year, up from the £66.3m it reported in 2023. That figure though was down from the £170.8m [...]
Yo! Sushi loses over £20m as costs rise June 2, 2025 Yo! Sushi lost more than £20m in the year its owner was acquired for almost £500m, it has been revealed. The sushi eatery chain has reported a pre-tax loss of £22.6m for the 70 weeks to 31 March, 2024, according to delayed accounts filed with Companies House. The results, which had been due to be [...]
KFC to create over 7,000 UK jobs and open 500 restaurants in £1.5bn move May 27, 2025 KFC has revealed a £1.5bn plan to create more than 7,000 jobs in the UK and Ireland over the next five years and open a further 500 restaurants by 2035. The fast-food giant said £466m will go towards opening new locations focusing on building flagship sites and drive-thrus in “key locations” such as Ireland and [...]
Papa Johns boss brands rising costs a ‘perfect storm of difficulty’ May 13, 2025 The UK boss of pizza chain Papa Johns has branded the rising costs his business is facing as a result of"perfect storm of difficulty".
Papa Johns to serve up profit after closing over 40 sites May 6, 2025 The UK boss of pizza giant Papa Johns has revealed the company is eyeing a return to profit in 2025 after closing more than 40 restaurants last year. Managing director Chris Phylactou confirmed the business is “no longer losing money” and is on track to report its first UK profit since 2021. Speaking on an [...]
Spudway: Subway expands into jacket potatoes in bid to boost UK sales February 19, 2025 Subway has revamped its menu in the latest change to its marketing strategy as it looks to boost UK sales. The fast-food giant will trial a customisable jacket potato in 170 UK stores, citing the humble potato’s social media “renaissance” and “fame on social media”. Deniz Safa, Director of Innovation & Culinary at Subway EMEA, said [...]