Cafe chain sacrifices profits for Polish expansion
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A young, up-market coffee and sandwich chain has used a steady sales rise and promising economic growth in host countries Poland, Latvia and the Czech Republic to defend its policy of working at a loss to ...
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Compass Group saw its share price slump by almost 25 percent after the British catering group warned future annual profits would be reduced by 30 million pounds (43.9 million euros, 53.5 million dollars).
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The warehouse club operator warned of lower quarterly profit as customers cut back on large purchases like furniture.
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The Dutch brewer Heineken said its first-half net profit had fallen by 27 percent to 293 million euros (355 million dollars) owing to adverse exchange rates.
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Marche Movenpick, the upscale marketplace-cafe at the Prudential Center, abruptly shuttered its doors yesterday and is unlikely to reopen, leaving a big hole to fill in the Boston shopping complex.
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A Starbucks on the site of Beijing's Forbidden City closes after protests that it trampled Chinese culture.
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A state-run cafe has opened in Beijing&#39;s Forbidden City on the premises where Starbucks closed down earlier this year amid charges the US chain sullied the site, state media said.
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London Pride brewer Fuller, Smith & Turner spends Â£4m to cater smokers forced out of its pubs.
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The owners of Bewley's Oriental Cafes, Ireland's famous tea and coffee shops, announced Friday that their two flagship cafes in central Dublin &#151; among the capital's most revered cultural landmarks for decades &#151; will shut next month because they can no longer run profitably.
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The retailer misses its mark and lowers guidance.
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KOSICE, Slovakia -- When Ivan Hriczko strode casually into the Twelve Apostles, a fashionable restaurant in this steel city, diners idled their forks and turned their heads.
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The company is raking in its own shares as it deals with the costs of refrigerating food.
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When it comes to profits, the bakery and cafe company has some serious work to do.
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The company said it will no longer use antibiotics to raise chicken sold fresh in stores and would start a $70 million advertising campaign to promote the shift.
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The food company's second-quarter earnings don't impress investors.
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CKE Restaurants reports increasing operating margins.
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UK brewer Scottish & Newcastle, warns of "substantial price increases" to offset rising costs.