All articles by Finn Scott-Delany – Page 26
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NewsKFC sees strong growth
KFC grew sales in the UK by 16% in Q1, the second biggest increase worldwide after China.
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NewsCity Pub Group ups Mosaic stake
City Pub Group has acquired a 49% stake in Kensington Park Hotel and increased its shareholding in Mosaic Pub and Dining.
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NewsWhitbread makes £1bn loss
Whitbread, the hotel and restaurant operator, has reported a statutory loss before tax of £1bn, as revenue fell 71.5% to £589.4m during a year of lockdowns and restrictions.
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NewsGreene King takes cautious approach to reopening
Greene King CEO Nick Mackenzie has told MCA customers are “absolutely loving” being back in his pubs, despite the limitations of outside service.
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InterviewsPhil Urban: Outdoor trading ‘lifts the spirits’
Mitchells & Butlers CEO Phil Urban has hailed the euphoria of customers being able to go out and mix with friends after months of lockdown.
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NewsJAB pumps £185m into Pret
Pret A Manger received a £185m cash injection from owner JAB Holdings earlier this year, Companies House accounts reveal.
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NewsDomino’s like-for-likes up 18.5%
Domino’s Pizza Group has reported periods of “exceptional sales”, with like-for-like system sales up 18.5%.
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Analysis & InsightA new era for Leon
The acquisition of Leon for a reported £100m marks the end of an era and the start of a new one for a brand that has been led by one of its original founders for 17 years.
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NewsHammerson: Footfall 80% of pre-pandemic
Landlord Hammerson has reported 90% of operators in its UK estate are currently able to trade, with footfall is “competitive with pre-pandemic levels”.
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NewsWoods to step down from Wagamama
Wagamama CEO Emma Woods is stepping down and handing over to her internally appointed successor, Thomas Heier.
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NewsEG Group acquires Leon
EG Group, the forecourt retailer and fast-food operator, has acquired Leon Restaurants.
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Analysis & InsightBuilt-up demand competes with limited outside supply
Eating out reservations on 12 April were up 79% on the equivalent Monday of 2019, Office for National Statistics data shows.
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NewsEx Eat director plots QSR return
Former Eat director Aunaud Kaziewicz is launching a new concept which he is pitching as the Cote Brasserie of QSR.
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NewsDeliveroo takes ‘prudent’ approach
Deliveroo has reported first quarter orders were up by 114% year-on-year to 71m.
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Analysis & InsightLicensed trade off to a solid start
Licensed premises in England enjoyed a reopening bounce on Monday, with preliminary analysis showing like-for-like sales up 58.6%, compared to the same Monday in 2019.
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InterviewsMark Davies: Sky's the limit for Hawthorn
Hawthorn CEO Mark Davies has told MCA the “sky’s the limit” for the pub company when it lists as a separate entity.
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NewsJust Eat orders up 96%
Just Eat processed 64m orders in the UK in Q1 2021, growth of 96% on the same period in 2020.
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NewsRevolution secures new CBILS
Revolution Bars Group has secured a further £3.5m CLBILS, while its bank NatWest agreed to waive £2m of amortisation scheduled for September 2021, taking its total available facilities to £40.3m.
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Analysis & InsightPolice check due diligence on outdoor trading
Outside structures have emerged as the new flashpoint with local authorities, as operators seek to make the most of al fresco trading, Kate Nicholls has said.
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NewsClive Chesser: Outdoors opening a ‘baby step’
Punch Pubs chief executive Clive Chesser has described outdoors reopening as more “psychologically important than economically important”.