Krispy Kreme is to target the north east and Scotland as part of the retailer’s ambitious plans to expand following a £25m management buy-out (MBO).Joint managing director Rob Hunt told British Baker the doughnut brand was in “advanced discussions” with landlords in the two regions in order to fill in the geographical gaps where it does not have a presence. The company, which recently confirmed it had been backed by investment firm Alcuin for the MBO, has revealed it wants to increase the number of stores it operates from 45 to 80 in the next four years.The firm operates a hub-and-spoke method, with its signature ’Hotlight’ stores acting as the bakery and distribution centres for the stores around it. Krispy Kreme also operates around 350 cabinets in retail outlets, such as garage forecourts and Tesco.The group most recently opened three sites at Westfield Stratford, Southgate in Bath and at Meadowhall in Sheffield.News that the group plans on targeting the north east and Scotland will interest bakers and food-to-go retailers in those areas, because of the massive “pull” of the brand. For example, an opening in Cardiff, Wales, earlier this year saw 1,000 people queue to buy on its first day.Hunt said: “It is fantastic that we have been able to secure this funding and proceed with our expansion plans. We offer a premium quality doughnut at a realistic, affordable price and, despite the current climate, people are still willing to treat themselves. And we bring a brand buzz when we open that landlords appreciate.”
Bruegger’s Bagels, Inc,Recognized as the second largest bakery-cafÃ© company worldwide, French-based Groupe Le Duff has announced the creation of Le Duff America to manage its North American cafÃ© brands, which includes la Madeleine Country French CafÃ©, Vermont-based Bruegger’s Bagels, Timothy’s World Coffee and Brioche DorÃ©e. The new organization will allow its North American brands to combine their expertise, maximize synergies and better position them for future growth. Le Duff America will serve as the umbrella organization and provide overall expertise and support in areas, such as human resources, purchasing, finance, franchise development and real estate, allowing the bakery-cafÃ©s to focus on delivering an extraordinary experience for their guests. In addition, Le Duff America also named its new leadership team, which will be led by co-CEOs, Claude Bergeron and Jim Greco. Members of the new executive team include: · Claude Bergeron, chairman and co-chief executive officer ‘ Bergeron has been serving as the chairman and CEO for Groupe Le Duff’s American operations and will share responsibility for the strategic direction of Le Duff America with Greco. In this new role, Bergeron will oversee operations, product development, marketing, finance, IT, human resources and legal aspects of the company. · Jim Greco, co-chief executive officer ‘ Greco previously served as the CEO for Bruegger’s. In his new role, Greco will oversee purchasing, franchising and real estate. · Phil Costner, president/chief operating officer of la Madeleine and chief brand strategy officer of LDA ‘ Costner has a dual role of executing a multi-brand strategy across all of the bakery-cafÃ© concepts for Le Duff America, while also leading la Madeleine as president and chief operating officer. · Mike Clock, chief financial officer ‘ Clock will continue to serve as CFO for la Madeleine and has also been appointed CFO for Le Duff America. · Harry Martin, chief administrative officer and general counsel ‘ Martin will continue his role as general counsel for la Madeleine and has also been appointed as CAO and general counsel for Le Duff America and its subsidiaries. · Scott Berkman, chief purchasing officer ‘ Berkman, who was the vice president of purchasing, manufacturing and distribution at Bruegger’s, has been appointed as the CPO for Le Duff America. · David Austin, president of Bruegger’s ‘ Austin will continue as president of Bruegger’s. · Jeff Dillon, vice president ‘ As a vice president, Dillon will oversee Le Duff America’s Canadian Threecaf brands. ‘The creation of this vibrant new organization will combine the deep expertise of Groupe Le Duff and these incredible brands, strengthening our leadership in North America’s bakery-cafÃ© segment and, most importantly, delivering an enhanced experience for our guests,’ said Bergeron. ‘I’m pleased to have Jim Greco by my side as we take Le Duff America and its brands to the next level.’ ‘I’m excited to have the opportunity to lead Le Duff America in partnership with Claude Bergeron and bring together the strengths of Bruegger’s, la Madeleine, Timothy’s World Coffee and Brioche DorÃ©e,’ said Greco. ‘Through this strategic move, we can maximize synergistic opportunities and be better positioned for future growth. We see the largest growth potential in franchising. We just launched la Madeleine’s franchise program, and we plan to franchise all of our brands across North America.’ About Groupe Le DuffGroupe Le Duff is a global bakery and restaurant company headquartered in Rennes, France. With $1.6 billion in total sales, 1,100+ restaurants and bakery-cafÃ©s globally and a presence in more than 50 countries around the world, Groupe Le Duff and its North American Subsidiary, Le Duff America, Inc., operate under the brand names Ristorante del Arte, Brioche DorÃ©e, la Madeleine Country French CafÃ©s, Au Pain DorÃ©, Bruegger’s Bagels and Timothy’s World Coffee as well as others. In addition to its restaurant operations, Groupe Le Duff is also a major supplier of frozen breads and pastries to the wholesale market through subsidiaries Bridor Inc., with four plants supplying Canada and the United States, and Bridor France, which supplies the French and European markets. For more information, please visit www.groupeleduff.com/en(link is external). About la Madeleine Country French CafÃ©s La Madeleine® Country French CafÃ© owns and operates 60 cafes in Texas, Atlanta, Washington, D.C., and Louisiana, offering French country cuisine for breakfast, lunch and dinner. For more information, visit www.lamadeleine.com(link is external). About Bruegger’s Enterprises, Inc.Bruegger’s Enterprises, Inc. is a leader in the fast casual restaurant segment. The company operates over 300 Bruegger’s Bakeries in North America (including four co-branded locations). In addition, it operates 137 Timothy’s World Coffee, mmmuffins and Michel’s Bakery CafÃ©s in Canada through a wholly owned subsidiary, Threecaf Brands Canada, Inc. For more information, please visit www.brueggers.com(link is external), www.timothyscafes.com(link is external), www.michelsbakerycafe.com(link is external), www.mmmuffins.com(link is external), or become a fan on Facebook at www.facebook.com/brueggers(link is external). MontrÃ©al, QuÃ©bec, Oct. 7, 2011 ‘
CAPE CANAVERAL, Fla. (AP) — The launch of a SpaceX rocket ship with two NASA astronauts on a history-making flight into orbit has been called off with 16 minutes to go in the countdown because of the danger of lightning. Liftoff is rescheduled for Saturday. Ever since the space shuttle was retired in 2011, NASA has relied on Russian rockets to carry astronauts to and from the space station. Apalachin native Douglas Hurley is one of the astronauts scheduled to takeoff for space on Saturday. The spacecraft was set to blast off Wednesday afternoon for the International Space Station, ushering in a new era in commercial spaceflight and putting NASA back in the business of launching astronauts from U.S. for the first time in nearly a decade.
The Croatian Employers’ Association is disappointed with the hasty decision to increase the fee for renewable energy sources, which will increase the price of companies by as much as 15 percent.The increase in the price of electricity is a new blow to the economy and calls into question the sincerity of the Government’s announcements of its intention to reduce operating costs. Although HUP has repeatedly warned of the negative effect that rising electricity prices will have on operating costs and competitiveness of companies, demanding that fees for energy from renewable sources be introduced and increased gradually, the Ministry and Government ignored our warnings and suggestions.Apart from the new increase in costs, making this decision is also problematic from the aspect of predictability of business conditions. Again, conditions change from today to tomorrow without a reasonable deadline for preparations and adjustments. HUP does not question the obligation and need for energy production from renewable sources, but considers that the way in which Croatian governments have made relevant decisions in this regard is problematic.The new blow to the economy, whose VAT rates have not been reduced to dampen rising electricity prices, is not just a problem for employers but directly for citizens – without cost relief and further rising business costs, there is no room for wage increases, new investment and stronger economic growth.
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Phil HaighMonday 18 Nov 2019 10:51 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.1kShares Advertisement Advertisement Comment Harry Redknapp predicts Man Utd and Arsenal will miss out on Premier League top four Ole Gunnar Solskjaer and Unai Emery are in a battle for a top four place (Picture: Getty Images)Harry Redknapp thinks the Premier League’s top four is already set, with Manchester United, Arsenal and Tottenham all set to miss out on a Champions League spot this season.The top four of Liverpool, Leicester, Chelsea and Manchester City have already made a notable breakaway from the rest of the division.City, currently in fourth, are eight points clear of surprise package Sheffield United who are in fifth, level on points with Arsenal and one ahead of Manchester United.Spurs, who have managed a top four finish in each of the last four seasons, are 14th in the table after just three wins from 12 games so far this season and 11 points off the Champions League places.AdvertisementAdvertisementADVERTISEMENTHowever, Redknapp is more optimistic about Tottenham’s chances of a recovery than either United’s or Arsenal’s given their recent performances.‘Tottenham have it all on now to get in the top four this year,’ Redknapp wrote for the Sun.‘The only thing now in their favour is that Arsenal look so poor. Chelsea are doing great, they’re going to be challenging. Leicester are going to be bang in there.‘But you’re looking at Arsenal, and Manchester United, and wondering if they are going to make it this year.‘I can see both of those two not making the top four unless there is a big improvement.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘It’s been a disappointing season so far for Spurs, I really thought they would be close to Manchester City and Liverpool and challenging.‘It’s difficult. The players haven’t hit the form they did last year. I’m a big fan of the manager and hopefully they can turn it around.’With Manchester City hosting Chelsea on Saturday, the chasing pack will see this weekend as a chance to gain ground on the current top four.Spurs go to West Ham in the early kick-off on Saturday, while Arsenal host Southampton that afternoon and Manchester United go to Sheffield United on Sunday in a big to overtake the Blades.The bookmakers agree with Redknapp’s assessment that the current top four are likely to remain in the Champions League spots, with Chelsea and Leicester both odds-on with Betfair for a top four finish.Arsenal and Tottenham are btoh 4/1 to crash the party, with Man Utd just behind at 5/1, while Sheffield United’s chances have been dismissed at 200/1.MORE: Arsenal target Denis Zakaria’s agent rules out January transfer for Gladbach starMORE: Matthew Upson reveals the two mistakes Unai Emery made after replacing Arsene Wenger at Arsenal
Anna Porter, principal of Suburbanite Advisory Group. Picture supplied. The first was high income earners in no hurry to have kids or with no desire to have them at all. Ms Porter said that demographic was primarily driven by lifestyle and wanted to be close to shops, restaurant and work, which explained why many of the suburbs with the highest number of DINKs in Brisbane were inner-city. “They’re earning good money and what they want is to just have a nice lifestyle, and that’s fair enough,” she said. The other demographic was made up of younger couples who planned to have kids in the near future and were more willing to compromise to get on the property ladder. “They’re more willing to compromise and get into an area that is more industrial and gentrifying,” Ms Porter said. “They’re still also driving prices up in areas that have traditionally been more industrial, more affordable, on the fringe, and people are getting priced out of these areas.”That might explain why more than 10 per cent of households are made up of DINKs in the outer suburb of Sumner, 14km southwest of Brisbane’s CBD, which is a mix of residential and industry.Even in Mount Cotton, which is 30km from the city centre, 9.5 per cent of households are made up of DINKs. Leonie and Peter Fitzgerald identify as a DINK (double-income, no kids) couple. Photo: AAP/Ric Frearson.FORGET empty nesters, there’s a new force to be reckoned with in Brisbane’s housing market. They are known as DINKs — double-income, no kids couples — and they are pushing up property prices in inner-city suburbs and gentrifying neighbourhoods across the city, according to new analysis of the 2016 Census. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE Brisbane has developed a virtual ‘kid-free zone’ around its city centre, with nearly one in five couples cashed-up and childless in some suburbs, the research by comparison site, finder.com.au, reveals.The suburb with the highest number of DINKs per head of population is Teneriffe, just 2km from the CBD, which has 484 couples earning two full-time wages with no dependants.They make up a huge 17.3 per cent of couples in the neighbourhood. The majority of DINKs live close to Brisbane’s CBD.More than one in ten households in Morningside, Fortitude Valley and Albion also identify as ‘double income, no kids’.Bessie Hassan, money expert at finder.com.au, said DINKs were hard to compete with in the property market because they were cashed up and driven by location, which meant they could potentially push out some first home buyers. Social researcher Mark McCrindle.Social demographer Mark McCrindle said the window in which people identified as DINKs had gotten bigger as couples put off becoming parents for longer.More from newsParks and wildlife the new lust-haves post coronavirus20 hours agoNoosa’s best beachfront penthouse is about to hit the market20 hours ago“Rising house prices just means that being a bit more financially stable and secure before the dependants come along is happening a lot later in life,” Mr McCrindle said.“You end up with a longer period of double income and no kids and demographically, there are more people in this category than ever before.“But it’s not a trend that can keep being pushed back because of the biological limits.”Mr McCrindle said house prices had grown at twice the rate of average wages in Brisbane over the past decade, which had also driven a rise in DINK couples.“The reality of rising house prices … is while one income could have attained the Aussie dream once, these days two incomes is pretty much required,” he said.“It’s really the only mainstream way to get a foothold in property these days for 20 somethings and even into your 30s.”Brisbane couple Leonie and Peter Fitzgerald consider themselves DINKs. The pair have lived in their own home in Bulimba — which is made up of nearly 10 per cent of double-income, no kids households — for the past three-and-a-half years and have enjoyed a lifestyle many would envy. Leonie and Peter Fitzgerald at their home in Bulimba, which has a high number of DINK (double-income, no kids) couples. Photo: AAP/Ric Frearson.Mrs Fitzgerald works full-time as a wealth and success coach and property investing expert, while her husband is a sports mindset coach.Together they earn above-average incomes, have a decent property portfolio and holiday overseas once a year.The only child they have at the moment is of the furry variety — a three-year-old rottweiler crossed with a staffy.“Ideally we’ll be blessed with kids,” Mrs Fitzgerald said.“Whatever happens, happens.”But lifestyle has always been important to them, which is why living in Bulimba is so appealing.“Before here, we lived in Bowen Hills, so we used to hang around New Farm,” Mrs Fitzgerald said. “Bulimba is kind of like New Farm — we just fell in love with it.“We like living close to the city because it’s really convenient … and we like the convenience of being able to walk down to have breakfast on the weekend with the dog.”BRISBANE’S DINK SUBURBS Suburb Number of DINK households % of DINKs Average dual incomeTeneriffe 484 17.3% $199,645Newstead 163 13.6% $188,375Morningside 519 11.0% $163,407Fortitude Valley 418 10.8% $159,893Sumner 24 10.8% $126,595Albion 125 10.8% $157,902Gordon Park 188 10.0% $167,194Petrie Terrace 51 10.0% $178,500Bulimba 282 9.9% $199,464Hamilton 342 9.6% $167,413Nundah 583 9.6% $150,569Lutwyche 164 9.5% $159,165Red Hill 229 9.5% $190,737Kangaroo Point 392 9.5% $175,533Mount Cotton 229 9.5% $146,079Gaythorne 135 9.3% $146,879Greenslopes 387 9.3% $155,050Holland Park West 245 9.2% $172,483Paddington 334 9.1% $188,110Virginia 82 9.1% $173,676(Source: finder.com.au; abs.gov.au) Homes in Teneriffe, Brisbane, which has the highest number of DINKs in the city.That’s three times the Queensland average of 5.5 per cent dual-income, childless couples.The typical dual-income-no-kids household in Teneriffe earns a whopping $198,645 per year — much more than the median income in the suburb of $127,972. That’s even higher than the top earning DINK suburb in Sydney, which is Erskineville on $198,177.No wonder Teneriffe has the highest median house price in Brisbane at $2.51 million. HONEY BADGER LOSES BACHELOR PAD HOME FETCHES $2M ABOVE MEDIAN MEGA MANSION PRICE DROP Finder.com.au money expert Bessie Hassan.“An affluent demographic can greatly influence property price growth for both houses and units in a given area,” Ms Hassan said.“Often if suburbs have residents with high disposable incomes, this will drive up property prices as they’re willing to pay a premium for real estate. “Areas with a high number of DINK couples may also attract new businesses, amenities and infrastructure projects to the area which can lift local property prices.” Suburbanite Advisory Group principal and property valuer Anna Porter said there were often two core demographics within the DINK category.
Russia’s shipping company Sovcomflot returned to black in the fourth quarter of 2018, driven by improving tanker rates.For the quarter ended December 31, 2018, the company’s profit reached USD 11.9 million, bouncing back from a loss of USD 106.2 million reported in the same period a year earlier. EBITDA surged by 21.2 percent to USD 166.1 million in the quarter, up from USD 137.1 million.Gross revenue was up by 10.4 percent to USD 413.4 million, compared to USD 374.7 million reported in the fourth quarter of 2017, while time charter equivalent revenue grew by 10.6 percent to USD 300.7 million from USD 272 million year-on-year.Although 2018 proved to be a second consecutive challenging year for the tanker industry, with trading conditions remaining extremely difficult and the spot rates well below their historical averages, there was a visible rebound in freight rates in the Q4. The change reflected a balancing between tanker supply and demand, following a sustained period of tanker fleet removals and an increase in crude oil demand from Asian refiners in particular.For the full year 2018, the company managed to shrink its net loss to USD 45.6 million, compared to a net loss of USD 113 million reported in 2017. Full year revenue was up by 5.9 percent to USD 1.51 billion from a revenue of USD 1.43 billion seen in the previous year.“Looking forward, we remain firmly committed to growing our industrial businesses and this will be central to SCF Group strategy through to 2025. Whilst our conventional tanker fleet swung into profit in Q4 2018, it was insufficient to offset the impact of the dire tanker markets experienced by the industry as a whole in the first half of the year. The outlook for 2019 remains positive and our performance in Q1 2019 has exceeded expectations,” Sergey Frank, President and CEO of Sovcomflot, said.
This, Manikan added, is the reason forexistence of a civil action for declaration of nullity of marriage based onalleged lack of authority of the solemnizing officer as provided under theCivil Code of the Philippines, the Family Code of the Philippines, and the 1997revised Rules of Court. Responding to the show cause order ofMayor Jerry Treñas on the registration of alleged fake marriages, Manikan saidthe “white paper” in the city chief executive’s possession was “spurious,fictitious and clearly manufactured…masquerading as a letter-complaint.” According to Manikan, giving attentionto the “white paper” is a form of “harassment, oppression, misconduct, abuseand a violation of the appropriate provisions of Republic Acts No. 3019(Anti-Graft and Corrupt Practices) and No. 6713 (Code of Conduct and EthicalStandards for Public Officials and Employees). He also reiterated that his duty atthe CCRO to register all certificates of marriage presented is “ministerial.” He described what Treñas had as a merescrap of paper not deserving of the mayor’s attention nor a response from himas that would tantamount to requiring a government employee to submit averified answer to a hearsay. ILOILO City – There is no basis toimpose disciplinary action on him, according to Local Civil Registrar RomeoCaesar Manikan Jr. “It must also be stressed sir, that itis elementary in law and jurisprudence, and among legal practitioners,including yourself, that sanctions for celebrating marriages without theappropriate authority are directed at the person committing the said acts, andnot upon the undersigned, the personnel and/or staff, of the CCRO,” Manikanstressed. * no supporting documents / evidenceof any kind The issuance of the show cause order,stressed, did not comply with and/or violate the mandatory and expressprovisions of law and jurisprudence on entertaining anonymous complaints./PN * not signed by any living person(certainly, the signature does not officially exist) “Thus, such ‘white paper’ does notmerit due course,” said Manikan. * impossible to establish the veracityof any statement He also stressed that in law,marriages / certificates of marriage / marriage contracts / licenses arepresumed valid and accorded the presumption of regularity of official functionsby public officers, “not just during the solemnization and recording thereof,but likewise, during the registration thereof with the CCRO.” * there are no specifics as, but notlimited, to which marriages were being referred to, who were the parties, howmany marriages, what were the dates, who received it at the CCRO (City CivilRegistry Office), and numerous other details * personal knowledge of the sender hasnot been/cannot be established “It certainly did not warrant the kindof attention of a very busy city mayor, much more the issuance of a show causeorder,” read part of Manikan’s response to Treñas. * hearsay/speculation Dated July 1, 2019 from a certain“Juan Dela Cruz”, the “white paper” asked the mayor’s office to investigateManikan. According to the complainant, therewas connivance between certain city hall employees and Hall of Justiceemployees to make money from fake marriages (unauthorized solemnizing officer). Manikan argued he could not even beconsidered a “respondent” because there was no valid complaint filed. * the complainant’s identity could notbe ascertained to a reasonable degree The complainant further claimed:“These marriages have not registered through the marriage bureau of the Hall ofJustice, and has not paid the solemnization fee required.” He pointed out that the complaint waseven “absurdly signed” with a “patently fictitious and ridiculously whimsicalsignature composed of three stars and a sun.” * not verified or sworn/under oath He listed the following “fatal flaws”of the complaint: Clearly, according to Manikan, itshould be dismissed outright even as he denied the allegations raised.
Franklin County, In. — The Indiana Department of Transportation is scheduled to begin slide stabilization efforts on Monday, November 13 on U.S. 52 in Franklin County. For the next four weeks traffic restrictions are expected between Cedar Grove and New Trenton.Trucks and over-sized vehicles will be detoured onto State Road 46 during the project. Temporary signals will be installed, reducing traffic to one-way within the project limits.Geostabilization International will be installing strategically placed 30-foot-long soil nails in the slope.