Latest news with #FiveGuys
Yahoo
3 days ago
- Business
- Yahoo
The New York-Based Burger Chain That Puts Five Guys To Shame
Smash burgers are all the rage right now, known for their crispy crust achieved by "smashing" beef patties onto a hot griddle. For a long time, the iconic burgers at Five Guys set the standard — but while its offerings are great, Five Guys is more expensive than other fast food chains. In New York City, however, 7th Street Burger offers a compelling alternative, delivering high-quality ingredients and a simplified menu at a fraction of the cost. Founded by entrepreneurs Kevin Rezvani and Paras Jain, the chain was created with the mission to become a dominant, beloved burger chain on the East Coast, akin to the success of In-N-Out. Rezvani, who previously owned another small burger chain and worked as a delivery driver for Amazon, applied lessons in productivity and efficiency from his previous experience to 7th Street Burger's restaurant operations. But the success of 7th Street Burger lies in the fact that the optimization of its assembly lines doesn't come at a higher cost to customers. Although 7th Street Burger has far fewer locations than Five Guys, a single-patty cheeseburger at 7th Street Burger costs $6.50, while at Five Guys, a similar item runs $9.89. Even the fries show a stark difference, with 7th Street Burger charging $4.50 compared to Five Guys' "little" fries at $5.99. Read more: Ranking Fast Food Burgers From Worst To Best, According To Reddit 7th Street Burger Stands Out For Its Efficiency One justification for Five Guys' pricing is the high-quality ingredients it uses. The fast food chain prides itself on its fresh, never frozen burgers — but that point becomes moot when you learn that 7th Street Burger also uses fresh beef. The NYC chain also uses the same delicious yet controversial supplier for its burger buns as Shake Shack. The fact that the ingredient quality is comparable is frustrating when you factor in that Five Guys, the larger restaurant chain, charges significantly more. Typically, when restaurants have more locations, they can secure better ingredient pricing — but it's clear Five Guys is not passing that savings on to the consumer. Finally, the major advantage 7th Street Burger has over Five Guys is its simplified menu. Although more choices can seem appealing, they sometimes lead to lower ingredient quality, longer wait times, and even customer decision fatigue. In contrast, 7th Street Burger proudly boasts that it only has "three items on the menu, and nine ingredients in the restaurant," which contributes to its efficiency. The one advantage Five Guys holds at the moment is its scale: with over 1,500 locations, there's at least one in almost every state. Sadly, most 7th Street Burger locations are in New York City, with just one each in New Jersey and Washington, D.C. For now, widespread availability remains Five Guys' winning ingredient. Want more food knowledge? Sign up to our free newsletter where we're helping thousands of foodies, like you, become culinary masters, one email at a time. Read the original article on Food Republic. Solve the daily Crossword
Yahoo
22-07-2025
- Business
- Yahoo
Burger chain Five Guys flips debt with £185m refinancing
The burger chain Five Guys will this week announce a £185m refinancing as it seeks to expand its European estate in a challenging climate for restaurant operators. Sky News understands that Five Guys, which launched in the UK in 2013, has landed a new five-year debt deal with lenders including Britain's major high street banks. Sources said the agreement was likely to be announced on Wednesday. Money latest: Economists issue warning as government borrowing soars Five Guys trades from nearly 180 sites in the UK, employing roughly 5,500 people. It also operates under the same corporate ownership structure in France, Germany and Spain, with its European operations in total employing about 9,000 people. ADVERTISEMENT The European business is a 50-50 joint venture between Freston Ventures - the investment vehicle of Sir Charles Dunstone, co-founder of The Carphone Warehouse - and the Murrell family which founded Five Guys in the US. It is now expected to seek to open a larger number of drive-thru restaurants in the UK and elsewhere in Europe. In a statement issued to Sky News, John Eckbert, Five Guys Europe's chief executive, said: "Securing additional debt capital at a more favourable rate in today's market is a significant accomplishment. "This £185m refinancing transaction is a testament to the strength of the Five Guys brand and our successful operational performance. "The latest capital injection will be instrumental in accelerating our expansion strategy." The deal comes as hospitality groups warn of an increasing challenge to survive following tax increases announced in Rachel Reeves's Budget last autumn, with chains such as Cote now exploring urgent sale processes in a bid to secure new investment.
Sky News
22-07-2025
- Business
- Sky News
Burger chain Five Guys flips debt with £185m refinancing
The burger chain Five Guys will this week announce a £185m refinancing as it seeks to expand its European estate in a challenging climate for restaurant operators. Sky News understands that Five Guys, which launched in the UK in 2013, has landed a new five-year debt deal with lenders including Britain's major high street banks. Sources said the agreement was likely to be announced on Wednesday. Five Guys trades from nearly 180 sites in the UK, employing roughly 5,500 people. It also operates under the same corporate ownership structure in France, Germany and Spain, with its European operations in total employing about 9,000 people. The European business is a 50-50 joint venture between Freston Ventures - the investment vehicle of Sir Charles Dunstone, co-founder of The Carphone Warehouse - and the Murrell family which founded Five Guys in the US. It is now expected to seek to open a larger number of drive-thru restaurants in the UK and elsewhere in Europe. In a statement issued to Sky News, John Eckbert, Five Guys Europe's chief executive, said: "Securing additional debt capital at a more favourable rate in today's market is a significant accomplishment. "This £185m refinancing transaction is a testament to the strength of the Five Guys brand and our successful operational performance. "The latest capital injection will be instrumental in accelerating our expansion strategy." The deal comes as hospitality groups warn of an increasing challenge to survive following tax increases announced in Rachel Reeves's Budget last autumn, with chains such as Cote now exploring urgent sale processes in a bid to secure new investment.
New Statesman
16-07-2025
- Entertainment
- New Statesman
Evita for the West End masses
Photo by Marc Brenner Every night Eva Perón appears on the balcony of the Casa Rosada, the Argentinian presidential mansion, serenading the congregated descamisados, or impoverished workers. Except it's not the balcony of the Casa Rosada – it's one outside the London Palladium. It's also Rachel Zegler performing 'Don't Cry for Me Argentina', not Eva Perón. And the spectators aren't descamisados – they're (mostly) Londoners, squeezed on to Argyll Street between a Pret a Manger and a Five Guys, many of whom hold their phones aloft, hoping to catch a good shot of Zegler. This is the climax of Jamie Lloyd's radical version of Evita, and in staging the famous scene outside the theatre, he has brought the sneering, populist magic of Perón to the masses. It's easy to understand the logic of Lloyd's decision to present the most famous number in Andrew Lloyd Webber and Tim Rice's 1978 musical to a passing rabble of plebs. A major theme of Evita is its heroine's disdain for the bourgeoisie ('Screw the middle classes – I will never accept them' is a notable refrain). For in singing to the crowd outside, Zegler symbolically neglects the said classes, housed comfortably inside the Palladium – those who have paid to see the show watch a video of Zegler's performance, which is livestreamed back into the theatre. But, despite its potential for revolt – from those inside crying outrage at being denied a front-row seat for this iconic moment and asking for a refund – Lloyd's zeitgeisty ploy works. It accentuates the depth and authenticity of Zegler's performance. Zegler is a phenomenal Evita: insouciant and cutting in her command of the stage, and of the snobs and misogynists who surround her. Diego Andres Rodriguez is the perfect foil to her cunning, as the musical's revolutionary descamisado narrator, Che. The pair skilfully waltz their way through Evita's many musical numbers, mastering frenetic choreography and a demanding musical score. Lloyd took a gamble in the staging of this stripped-back, unconventional revival, and it has paid off. Evita The Palladium, London W1F [See also: Lana Del Rey's Deep South fantasia] Subscribe to The New Statesman today from only £8.99 per month Subscribe Related
Yahoo
15-07-2025
- Business
- Yahoo
M5 designer outlet opening tomorrow - all you need to know
A new designer outlet located just off the M5 is opening tomorrow - and it's only one hour from Birmingham. Cotswold Designer Outlet will boast 37 retail shops and a further seven food and drink stories. It is located a three minutes' drive from Junction 9, Ashchurch Interchange, near Tewkesbury. READ MORE: Multiple people fall into Midlands canal after it turns green like 'astro turf' Get breaking news on BirminghamLive WhatsApp, click the link to join For Brummies, it is within easy reach and is only around one hour's drive depending on traffic. The designer outlet will throw open its doors to customers from 10am tomorrow (July 16) Stores will be open until 8.30pm on weekdays. While for those wishing to attend this weekend from Birmingham and the West Midlands, the designer outlet will open earlier on Saturday from 9am until 8.30pm, while Sunday will have a reduced opening time of 10.30am until 6pm. It will mark the latest designer outlet to open in the region, following the opening of McArthurGlen in Cannock back in April 2021. Cotswold Designer Outlet will boast names such as Calvin Klein, Levi's, Adidas and BOSS while food options include Five Guys and Wagamama, reports GloucestershireLive. Calvin Klein Tommy Hilfiger BOSS Adidas Animal Ben Sherman Denby French Connection Radley Rituals Dune Levi's Under Armour Skopes GUESS Saltrock The Beauty Outlet M&S Weird Fish Sweaty Betty Regatta Puma Skechers Mountain Warehouse ProCook Cadburys Lindt Tefal Craghoppers Crew Clothing Bedeck Chapelle Perfume Shop Merrell Pavers Yankee Candle Clinton Cards 200 Degrees Pret A Manger Five Guys Zizzi Wagamama Caffe Nero KNEAD Bakery Platinum Drive, Tewkesbury. Sat Navs: GL20 7FY and There is a quiet room and guest services on hand for those needing a place to retreat. Other amenities include a baby feeding room. While free wi-fi will be provided alongside and a shuttle bus running from Tewkesbury town centre through the day, ideal for those arriving by public transport.
