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All Fulham Shore articles – Page 4
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NewsFulham Shore eyes low rent property
Franco Manca operator Fulham Shore will continue to take advantage of properties coming to the market at “ever lower rents”, the company has said in a financial update.
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NewsFulham Shore predicts a promising future
Fulham Shore has said sales were up 7% to £68.6m before the full impact of the coronavirus as it revealed its results for the year to March 2020. It opened seven Franco Manca pizzerias and two Real Greek restaurants. It currently has 68 of its 70 restaurants open, including one new Franco Manca site, taking the total to 52. It said the business has “emerged in robust shape from this critical period” and without the coronavirus sales would have “exceeded market expectations”. “Franco Manca and The Real Greek are popular with the public,” it said. “Fulham Shore is well capitalised and we have ample headroom in our borrowing facilities.
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NewsHugh Osmond: ‘Even big chains can’t afford rent backlog’
If something isn’t done to deal with the rental backlog, hospitality will see a huge number of business closures, Hugh Osmond has warned.
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NewsFulham Shore chairman David Page: ‘Crises create opportunities’
The outlook for many in casual dining may appear bleak, but as in any crisis, there will be plenty of opportunities for its survivors, Fulham Shore chairman David Page has said. Speaking at MCA’s The Conversation, Page turned to his own experience as an industry veteran to reassure operators that with the right concept and the right team, the post-coronavirus fallout could be beneficial to them in the long-term.
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OpinionPeter Martin: ‘Eat Out to Help Out an opportunity to consolidate consumer connection’
Operators must utilise what time remains of the Eat Out to Help Out scheme to consolidate a consumer connection, and encourage a return visit, MCA’s The Conversation has heard.
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OpinionPeter Martin: Impact of weather on consumer behaviour the “one thing that hasn’t changed”
British weather, in all its unreliability, is the single most unchanging factor in its impact on consumer behaviour, MCA’s The Conversation has heard. Speaking at the event, MCA contributing editor Peter Martin told attendees that in his ten years of operating the Coffer Peach Business Tracker – a sector sales tracker produced by CGA in association with The Coffer Group and RSM – “the weather is the one thing that hasn’t changed over the years.”
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OpinionDominic Walsh: Casual dining one of ‘big losers’ of pandemic
It used to be so simple. Come up with a restaurant concept and a brand, open one restaurant, then a second, then aim for five outlets then ten and 20, and if it’s still working, press the button on a nationwide rollout. Well, something like that, anyway.
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NewsFulham Shore - sales around 72% on previous year
Fulham Shore has released a trading update and announced a fundraise as it looks to fight its way though the coronavirus crisis. It said it has 49 out of 51 Franco Manca sites open, and 14 out of 18 Real Greek restaurants open, and though social distancing means they are only operating at between 60-70% of their previous capacity, this has “to some extent” been compensated by an increase in delivery and takeaway sales. It said in the four weeks since 6 July, like-for-like restaurant sales at reopened sites were around 72% year on year.
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NewsOperators announce next wave of reopenings
Dishoom and Crussh are among the latest operators to open their doors this week, whilst the reopening programmes of Loungers, Turtle Bay, Franco Manca and more have started to pick up momentum. Of the larger to-go operators, KFC, McDonald’s and Costa have reached reopening milestones this week, whilst Greggs announced a significant acceleration in its reopening plans.
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InterviewsWhat it’s like to operate in lockdown part five: Franco Manca
Franco Manca opened five stores for delivery and collection on Friday after a two week in trial in Chiswick. David Page, chairman of parent company Fulham Shore, talks to MCA about the benefits of flat sharing pizzaiolas and why pre-coronavirus rents are not going to happen again.
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NewsFulham Shore confident it will thrive again on return
Franco Manca and Real Greek operator Fulham Shore is confident it will thrive once the market returns to normal.
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NewsFulham Shore reports hike in sales and lift in profits
Fulham Shore, which operates Franco Manca and The Real Greek, has said sales were up 9.3% to £36m for the six months ended 29 September 2019. Pre-tax profits were £1.4m, compared to a £0.1m loss the previous year. It opened six Franco Manca sites and one Real Greek site during the period, and has also opened one of each since September. It now has 51 Franco Manca sites and 18 Real Greek sites.
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NewsFranco Manca lines up Aldgate site
Franco Manca looks set to open a further London restaurant, in Aldgate, MCA understands.
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OpinionShored up: Franco Manca bounces back
Italian casual dining is still dangerously overexposed, but Franco Manca has bucked the trend of consolidation and CVAs with its razor-sharp focus on food, service and value. After posting a year of growth and promising a new expansion drive, MCA’s Finn Scott-Delany speaks to Fulham Shore chairman David Page.
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NewsFranco Manca operator to up expansion this year
Franco Manca operator Fulham Shore will increase its openings programme this financial year after achieving EBITDA of £7.1m – up from £5.5m in 2018.
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NewsFranco Manca heading to Piccadilly Gardens
Franco Manca, the Fulham Shore pizza concept, is eyeing Piccadilly Gardens for its first Manchester site.
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NewsEncouraging bids for Patisserie Valerie
The administrators of Patisserie Holdings have confirmed they have received a number of offers for the business, with a number now being taken forward.
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News
Fulham Shore raises £580k
Fulham Shore, the new restaurant venture from ex-Clapham House Group chairman David Page, has raised £580k through a placing of 14,500,000 new ordinary shares, to add to the near £1m it has already raised.It said the new funds would bolster its search for restaurant businesses and investments and will enable ...