All articles by Georgi Gyton – Page 102
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Analysis & InsightTrading would not be viable with alcohol ban, says majority
More than two-thirds (67%) of operators surveyed said they could not reopen sites if there was a ban on serving alcohol, according to the latest Hospitality Leaders’ Poll.
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NewsExtension of JV arrangements for Ego Restaurants
Mitchells & Butlers (M&B) has reached an agreement with James Horler, CEO of 3Sixty Restaurants, and its other shareholders, to continue with the joint venture arrangements, in relation to the development of Ego Restaurants, for a further period.
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NewsOakman raises £4.4m
Oakman Group, the operator behind Oakman Inns and Restaurants and Ashmore Inns, has closed its latest equity raise – receiving applications for £4.4m of shares from almost 300 new investors.
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NewsRed Oak acquires pub package; in talks over £35m extra capital
Red Oak Taverns has acquired a package of 10 leased and tenanted pubs from Wells & Co, taking its total estate to 190, and is in the process of finalising terms for an additional £35m of capital.
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News
Hospitality not significant area of Covid transmission
Hospitality businesses were not significant areas of Covid transmission in 2020 and should be central to reopening plans in 2021, according to new research by CGA, commissioned by UKHospitality.
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NewsPubs and restaurants won’t reopen until May, according to roadmap
Pubs, bars and restaurants, will not be able to reopen until May under a phased reopening programme, according to the government’s roadmap out of lockdown, The Daily Mail has reported. It claims the blueprint for lifting the UK out of lockdown will see curbs eased at four-weekly intervals, starting with ...
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NewsSixty percent of pubs would stay closed in outdoor-only scenario
Sixty percent of pubs – approximately 29,000 – would remain closed if the government were to permit outdoor-only service from April.
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Analysis & InsightPeel Hunt ups target price for M&B after share announcement
Analyst Peel Hunt has increased its target price for Mitchells & Butlers (M&B) from 275 pence per share to 325p and changed its recommendation from Add to Hold.
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Analysis & InsightLockdown continues to boost delivery purchases
The restrictions on trading in lockdown have pushed more and more consumers towards delivery and click and collect purchases, according to the latest research from Lumina Intelligence.
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NewsAdmiral warns of mass closures if outdoor-only pub policy goes ahead
Chris Jowsey, chief executive of Admiral Taverns has warned that up to 25% of its pubs could close if the government brings in an outdoor-only policy when restrictions are relaxed for pubs.
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NewsTim Martin: Give pubs level playing field
JD Wetherspoon chairman Tim Martin has called on the government to open pubs at the same time as non-essential shops reopen, stating that the industry is “on its knees”.
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InterviewsHero Award: ‘I had an enormous synergy target going into lockdown’
Effectively managing relationships with a huge and diverse supply chain throughout a merger which saw Stonegate become the UK’s largest pub company would be no small task at the best of times. Factor in that Stonegate’s acquisition of Ei group happened around two weeks before the first lockdown in March last year and you can at least imagine the scale of the challenges that faced Suzanne Baker, commercial and property director at Stonegate.
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OpinionPeel Hunt: JDW may be hit by post pandemic trends
JD Wetherspoon (JDW), and other low-ticket operators, are more likely to be hit post-Covid working patterns, as well as any further downturn in the economy, according to analysts Peel Hunt.
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NewsWrapchic to trial dark kitchens in addition to pipeline of new openings
Indian fast-food chain Wrapchic is to shift its short-term focus onto dark kitchens and low capex projects following the closure of the majority of its estate during lockdown; however it does have a pipeline of bricks and mortar sites which it will see through.
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NewsM&A in QSR sector expected to increase significantly in 2021
The quick-service restaurant (QSR) sector is expected to see a significant uptick in activity over the course of 2021, according to BDO’s annual Restaurants & Bars Report.
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NewsPrezzo to close 22 sites as future secured with Cain subsidiary
Prezzo has been acquired by investment firm Cain International in a pre-pack administration, with 22 sites to close permanently.
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NewsChris Hill appointed CEO at RedCat Pub Company
Former CEO at New World Trading Company Chris Hill has been appointed as the new CEO at Rooney Anand’s recently formed RedCat Pub Company.
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NewsBoxpark appoints new COO
Boxpark has promoted Ben McLaughlin to the role of chief operating officer (COO), with immediate effect, as the food and retail outlet focuses on growth and the development of its new concept Boxhall.
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NewsBranded coffee shop market sees £2bn value drop
Almost £2bn has been wiped off the value of the UK branded coffee shop market in the past 12 months, according to the latest report by Allegra’s World Coffee Portal.
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NewsLiberation Group optimistic about sales post lockdown
A mix of offensive and defensive strategies have enabled Liberation Group to weather some of the storm caused by restrictions last year and see it confident about buoyant trading after lockdown.