All Costa articles – Page 11
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NewsBoyers joins TRG
Brett Boyers, who stepped down from Boparan Restaurant Group earlier this year, has joined The Restaurant Group
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NewsAnalysts corner: Goodbody on Marston’s, Caffè Nero and Costa Coffee
Performance within Marston’s Destination & Premium estate was ‘somewhat disappointing’, according to leading analysts at Goodbody, whereas Caffè Nero’s strong revenue growth is giving Whitbread’s Costa Coffee some cause for concern
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NewsCosta trails new loyalty scheme
Costa Coffee is trialling a new loyalty scheme in partnership with mobile payment provider Flux.
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NewsAttwood appointed Coco di Mama MD
Coco di Mama, the Azzurri Group-backed, quick-service Italian concept, has appointed Jim Attwood, formerly of Costa, as its new managing director, MCA has learnt.
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NewsWhitbread to cut 250 jobs across pub-restaurants
Whitbread has confirmed that its £250m cost-cutting programme will include the loss of 250 staff across its Beefeater and Brewers Fayre brands.
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NewsAnalysts corner: Hargreaves Lansdown on Whitbread
Overall sales may be up at Whitbread, but Costa Coffee saw a 2% dip in like-for-likes for the first quarter of 2018. Hargreaves Lansdown’s Laith Khalaf and Nicholas Hyett suggest the coffee chain is suffering from a case of the high street blues, and that a spin off might be the best thing for it
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NewsWhitbread f&b lfls down 1.9% in Q1
Whitbread has this morning reported food & beverage sales across the business down 1.9% on a like-for-like basis for its first quarter with Costa UK like-for-like sales down 2%
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Analysis & InsightOpportunities to premiumise tea offer
Operators should premiumise and specialise their tea offer in order to challenge consumers’ poor value for money perception of the beverage out of home, Allegra has suggested.
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NewsArabica Coffee House targeting 50 sites by 2021
Arabica Coffee House is targeting 50 shops opening over the next three years, after opening its first in March this year.
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Analysis & InsightSurvey flags up high salt content of OOH salads
Campaign group Action on Salt is calling for mandatory colour-coded nutrition labelling in restaurants and fast food outlets, following the results of its latest survey, which highlighted the high levels of salt in some bought salads.
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NewsWhitbread ‘considering Costa sell-off’
A circular sent to Whitbread shareholders has mooted the possibility of selling off theCosta Coffee or Premier Inn businesses rather than pursuing a demerger.
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Latte Levy could cost £819m
The ‘latte levy’ could cost the coffee shop sector and its supply chain £819m, according to the Paper Cup Alliance (PCA), which represents UK cup manufacturers.
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NewsPizza Hut and Costa franchises sold
KMP Taste, the Pizza Hut Delivery franchisee which operates 30 stores, has been sold.
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NewsAnalysts Corner: Morgan Stanley on Whitbread
Leading analyst Jamie Rollo, from Morgan Stanley, gives his thoughts on what the weakening trading environment means for Whitbread and what its Q1 trading update could show later this month
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NewsPrivate equity groups ‘circle Costa’
A number of private equity groups are circling Costa, opening the door to a potential £3bn sale of the business, according to reports.
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NewsTRG lfls down 4.3% in year-to-date
The Restaurant Group (TRG) has reported like-for-like sales for the 20 weeks to 20 May down 4.3%, with total sales falling 3.1%.
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News
Bear Coffee secures Stone site, eyes two more
Bear Coffee, the West Midlands speciality coffee operator, has secured its third site, in Stone, and is eyeing two more for early 2019, MCA has learnt.
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News
Spanish operator secures former Dstrkt site
Spanish club operator Costa Este group has taken on the former Dstrkt club site, the Evening Standard reports.
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Analysis & Insight
More questions than answers at Whitbread
Whitbread’s announcement that it would seek a demerger of Costa within two years may not have been a surprise given months of speculation but according to Dominic Walsh it has left a number of questions unanswered. He discusses the situation, as well as expressing sympathy for Luminar founder Steve Thomas’ current woes.
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Whitbread acknowledges Costa will be vulnerable to bids
It has emerged that Whitbread’s investor relations team admitted last month’s demerger announcement could trigger bids for Costa.