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What the weekend papers say

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Monday 10 April 2006 13:39
Papers

Burger King CEO quits ahead of flotation
The chief executive of Burger King unexpectedly quit yesterday, just weeks ahead of the company's £230m stock market flotation. Greg Brenneman, who joined the company only in August 2004 and was its ninth chief executive in as many years, said he wanted to return to Turn Works, the private equity group he used to work for. - The Times, 8 April

McDonald's restaurant in Greenpeace protest
Campaigners dressed as 7ft chickens invaded McDonald's flagship store in Leeds yesterday in protest at the fast-food chain's alleged role in the destruction of the Amazon rainforest. The Greenpeace protesters handcuffed themselves to fixtures in the restaurant. They were cut free and arrested after four hours. Restaurants across the city were fly-posted during the night, with posters depicting a chainsaw-wielding Ronald McDonald. - Yorkshire Post, 8 April

London hotel to offer cheap stays to debenture holders
Number Eleven, Cadogan Gardens, a luxurious 65-bedroom townhouse hotel in London, is offering debentures, aimed at high-net-worth investors, in sums of £140,000 to £500,000. Up to 100 debenture-holders will have the opportunity to stay at the hotel for between 30 and 90 days a year at hugely reduced room rates. It is thought to be the first hotel in the UK to offer such a financial deal. - The Scotsman, 8 April

Little Chef to develop Coffee Tempo brand
Little Chef is planning to use £60m made from the sale and leaseback of 65 restaurants to revamp the business. Little Chef owners Lawrence Wosskow and Simon Heath have completed the deal with Israeli company Arazim Investments. Little Chef plans to use the money raised from the deal to expand its Coffee Tempo brand and modernise existing Little Chef sites. - Yorkshire Post, 8 April

Chef's puts £85 sandwich on the menu
Scott McDonald, executive chef at the Oxford Street, London, Selfridge's, has created a sandwich incorporating wagyu beef imported from Japan, truffles and foie gras. At £85 on the menu, it is claimed to be Britain's most expensive sandwich. - Sunday Telegraph, 9 April

Burger King to go down the healthy option route
Burger King is to revamp its UK menu to revive sales as the fast-food industry braces itself for a new onslaught by health campaigners this summer. It is to follow McDonald's down the health-kick route after admitting the UK was a problem area ahead of its £1.4b flotation. - Independent on Sunday, 9 April

Tchenguiz moves fast with £2.5b bid for M&B
Robert Tchenguiz will bid £2.5b for pub group Mitchells & Butlers within the next 10 days, well ahead of the 8 May deadline set by the Takeover Panel on Friday. The pub chain owns 2,000 managed pubs, including All Bar One, O'Neills and Harvester restaurants. - Mail on Sunday, 9 April

 

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