All Azzurri Group articles – Page 11
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Analysis & Insight
BDO: Expect rise in secondary brands
A rise in secondary brands, the end of tips and the increasing popularity of IPO as exit route, are all in the top 10 predictions for 2016 in BDO’s annual end of year Restaurant & Bars Report.
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Analysis & Insight
Dialling up deal activity
2015 was yet another big year for deal activity in the restaurants and bars sector, says Kieran Lawton, M&A director at BDO.
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Analysis & InsightAzzurri hails transformational year
The Azzurri Group, operator of ASK, Zizzi and Coco di Mama, has hailed 2015 as a transformational 12 months for the group, after reporting a 16.5% increase in EBITDA to £31.8m for the year to 28 June
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NewsASK introduces Qkr app
ASK Italian has rolled out the Qkr mobile payment app throughout its estate following a trial earlier in the year
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NewsCote reviews tipping policy
Cote is to become the latest sector operator to make changes to its policy regarding the service charge and tipping
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NewsZizzi confirms Westfield site
Zizzi, the Azzurri Group-owned chain, has confirmed it will open at London’s Westfield shopping centre on 24 October
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NewsCoco di Mama secures Southwark site
Coco di Mama, the Azzurri Group-owned, quick-service Italian concept, has opened its seventh site in central London and lined up its eighth
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News
Ashford first council to ban selected operators from development
Ashford Borough Council, in Kent, has become the first local authority to ban specific bars and restaurants from securing sites at its expanded Designer Outlet centre.
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Weekend Press
Weekend press round-up, 12-13 September
Top story Yo! Sushi heads for cut-price Mayfair deal A recently launched investment firm has become the new frontrunner to buy Yo! Sushi in a cut-price deal worth less than £100m. Mayfair Equity Partners has replaced Inflexion as the most likely buyer of the UK’s biggest Japanese restaurant group. Sources ...
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NewsSector has no appetite for Gov.t intervention on tipping
On the back of the Government launching an investigation into the issue of tipping across the sector, the majority of leading operators believe that the industry should self-regulate any change
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NewsCDG to remove administration fees on tips
Casual Dining Group is to remove all administration fees for customer tips made by credit card or by cash following an operational review of recent acquisitions
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NewsAzzurri follows PizzaExpress in dropping admin fee on tips
Azzurri Group is to follow PizzaExpress in removing the 8% administration fee on tips made by electronic card payments from November this year
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NewsAzzurri seeks new MD for ASK
Azzurri Group is seeking a new managing director for ASK Italian, after Jason Thomas stepped down from the role
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News
Bridgepoint confirms discount card club deals
Bridgepoint, the backer of Pret A Manger and the Azzurri Group, has confirmed it has backed the management buyouts of tastecard and the Gourmet Society
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News
Suffolk swaps Le Pain for Azzurri
Ben Suffolk has stepped down as head of property at Le Pain Quotidien to join the Azzurri Group, as its new acquisitions manager
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OpinionBuilding a pub by hand
Ever thought about building a pub by hand? I’m sure Marston’s think about it a lot due to their new build program, but what about a new entrant to the market. Up in Manchester there is a group planning to build a pub using traditional construction crafts and crowd sourced labour. n a month, when newsflow surrounding the pub sector has been mixed, it is good to see that faith in the British pub remains
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NewsFrench: Expect further M&A activity after Cote deal
Leading analyst Simon French, of Cenkos, has said he expects further M&A activity in the sector over the coming months, following the acquisition of Cote by BC Partners.
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Analysis & InsightLittle and large
The Azzurri Group has done a canny bit of business acquiring the fast-casual concept Coco Di Mama, while Costa has decided to follow rival Starbucks’ route in looking to enhance its food offer through a partnership with a smaller complimentary brand. Mark Wingett asks if it is time for more sector companies to seek new partnerships and add further strings to their bows.
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NewsAzzurri acquisition of Coco Di Mama ‘means fast rollout’
Steve Holmes, chief executive of the Azzurri Group, has told M&C the group’s acquisition of Coco Di Mama could see it grow to 40 sites in the next couple of years.
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NewsRandall takes stake in Azzurri Group
High-profile chef Theo Randall has taken an unspecified minority stake in the Azzurri Group, which owns ASK Italian and Zizzi