Wetherspoon profits tumble as Brexit uncertainty bites
JD Wetherspoon’s profits are down 10 percent, and its staunch Brexiteer owner Tim Martin knows who is at fault: Remain campaigners! Martin said: “Although the public voted to leave, the majority of ‘the establishment’, including most MPs, most universities, the Bank of England, the CBI and media organisations such as The Times, the Financial Times and The Economist favoured ‘Remain’.” Arch Brexiteer Jacob Rees-Mogg took time out for lunch earlier in the week.
Santa Nata will open two pastelarias, dedicated to the crunchy, custardy pastéis de nata.
Bao slingers go permanent and announce bun-focused rebrand on Haymarket
Brighton’s Baby Bao is now Bao and Beer and Burger on Haymarket, adding another filled bun to its menu after deciding to take its central London pop-up permanent. [Propel Hospitality]
Lebanese restaurant brand makes a play for Generation Z in Wimbledon
Kababji will open its first London restaurant in Wimbledon Village, using apps and screens for ordering, because that’s what this generation wants when it dines out. Established in Lebanon, the brand intends to roll out to central London after using the west as a testing ground. [Big Hospitality]
Coca Cola’s first big move for Costa is putting its coffee on bikes
Coca Cola’s £3.9 billion acquisition of Costa Coffee from Whitbread was expected to lead to increased activity in the ready-to-drink market, capitalising on the brand’s established, vast distribution networks. In fact, that activity starts by putting lattes on bicycles with Deliveroo, following in the footsteps of Starbucks’ partnership with Uber Eats. Could be set for an internal roll out if things roll out well.