Baker & Spice purchased by DoCASA After parting with Patisserie Valerie and Philpotts, Patisserie Holdings has sold the deli and bakery chain Baker & Spice for £2.5m. Read more.

Starbucks to launch all-day dining in China As the coffee chain continues to expand, the new service will launch with an all-day cafe in Shanghai complete with an Italian aperitivo experience. Last year Starbucks formed a delivery partnership with Alibaba to accelerate its market growth. Read more.

Six Flags posts record revenue For the fourth quarter, the amusement park company's revenue came in at $270m. Theme park admissions rose 11% to $152.3m, beating market expectations of $150.4m. Theme park food, merchandise and other revenue increased by 7% to $102.3m. Read more.

Hospitality company Hyatt posts Q4 results The company's adjusted EBITDA increased 5.0% to $182m for the quarter. For the full year, Hyatt's net income rose by 97.5% to $769m. The company also saw strong net rooms growth of 13.6% in 2018, which includes the acquisition of Two Roads Hospitality. Read more.

Costa ranked the world’s second strongest brand Ranked by the valuation and strategy consultants Brand Finance, Costa has come in second in the restaurant industry ahead of Starbucks. The coffee chain received a score of 87.8, where as McDonald's received 90.3 to rank first. Read more.

Hilton sees increase in international occupancy For its fourth quarter, revenue rose 10.6% to $2.29bn, surpassing estimates of $2.27bn. The results came as Hilton’s occupancy rate across its international markets including Europe and Asia showed strong growth. Read more.