Archives for June 26, 2023

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Shake Shack UK operator sees losses widen

Shake Shack UK operator sees losses widen

By Georgi Gyton

Diverse Dining, which operates the Shake Shack brand in the UK, has seen losses widen despite sales returning close to pre-pandemic levels.

Hospitality remains stretched by rising prices

Hospitality remains stretched by rising prices

By Shwetali Sapte

Supply chain fragility continues to hit hospitality, with the cost of goods sold at 27.3% in February 2023, an increase of more than five percentage point in less than two years, according to new data from Fourth.

Inception Group heads to Borough

Inception Group heads to Borough

By Joe Lutrario

London-based bar operator Inception Group has taken a site in Borough’s Stoney Street for an as-yet unnamed concept.