All articles by Georgi Gyton – Page 102
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InterviewsYoung’s: ‘It’s the right time to sell our tenanted business’
The decision by Young’s to divest its tenanted division Ram Pub Company is actually part of the pub operator and brewer’s growth strategy, “if it comes to fruition”, chief executive Patrick Dardis has told MCA.
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InterviewsM&B: ‘If we can’t trade, government support must continue’
Mitchells & Butlers’ (M&B) chief executive Phil Urban, said he would rather trade with some restrictions for longer, rather than have stop-start trade if local lockdowns were to be imposed due to the Indian variant of Covid-19.
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NewsAdnams expects return to full rents later this year
Brewer and pub operator Adnams has said it is keeping “a weather eye” firmly on the long-term future of its pubs and their tenants, and anticipates pubs returning to paying full rent later this year, provided there are no further regional or national lockdowns.
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NewsYoung’s sees revenue down 30% but confident about the future
Young’s saw group revenue fall by around 30% on the previous year, for the 52 weeks to 29 March 2021, from £311m in 2020, to £90.6m.
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NewsGiggling Squid: ‘We’ve had geography and cuisine type on our side’
The location of Giggling Squid’s estate in smallish cities and the suburbs of larger urban areas has been a huge bonus during the pandemic – alongside the portability of its dishes, according to co-founder Andy Laurillard. Speaking on MCA’s The Conversation, he explained that the business had managed to remain ...
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NewsBurger King adds 17 sites to company-owned estate
Burger King UK has acquired Romford-based Burger King franchise business Zing Leisure Limited, in a deal which sees 17 sites added to its company-owned portfolio.
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NewsLaine Pub Co: ‘We have learnt a heck of a lot about food’
Laine Pub Company shifted its operating model to become more food-focused during the pandemic – almost out of necessity, chief executive Gavin George told MCA’s The Conversation.
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NewsHospitality reopens indoors but cautions given over Indian variant
The hospitality industry is able to open its doors to indoor trading from today, however health experts have suggested consumers ignore the easing of restrictions in light of the emergence of the Indian variant.
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NewsA third of licensed premises reopened in April
Only a third of licensed venues reopened for outdoor trading last month, leaving two thirds (67.1%) closed, according to CGA and AlixPartners Market Recovery Monitor.
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NewsHollywood Bowl sees strong performance when allowed to trade
Hollywood Bowl Group has said it expects strong demand upon reopening in May inline with the strong performance it achieved when open last year.
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NewsETM founders to raise £4.3m for new venture
ETM Group’s founders are looking to raise £4.3m to fund new venture Maven Leisure.
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InterviewsFridays: ‘We would consider QSR and drive-thru formats’
The resilience of the Fridays brand and its success in new formats during the pandemic has encouraged chief executive Robert Cook to explore other options for growth, he told MCA.
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InterviewsPeach Pubs: ‘Competition is increasing for good sites’
The property market is becoming a more competitive space, particularly in the types of location Peach Pubs operates in such as suburban locations and market towns, managing director Hamish Stoddart told MCA.
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NewsEating out spend set to rise for one in five office workers
One in five (20%) consumers have said they intend to spend more on eating and drinking out when they return to the office, according to a new survey by consumer and location intelligence specialist CACI.
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NewsApril sales represent solid return to trading
Sales in managed pubs and restaurants were down 26% on a like-for-like basis in April, compared to the same month 2019, however the figures represent a solid return to trading, according to the Coffer CGA Business Tracker.
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NewsJob adverts and spending both up for hospitality
There has been a sharp rise in the number of hospitality job adverts, with online ads pushed up by the reopening of pubs and restaurants last month, The Times has reported. On 7 May the number of job adverts for roles in hospitality had increased by 46 percentage points since ...
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NewsJeremy King: ‘Much of the sector is on the precipice of failure’
While the reopening of indoor dining is good news for operators, it will be against a background of “much of the hospitality sector remaining on the precipice of major failure”, according to Jeremy King, co-founder and CEO, Corbin & King.
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NewsCapdesia pumped £10.8m into Wasabi last year
Wasabi’s backer Capdesia invested a further £10.8m into the business last year, in order to ensure it could meet its financial obligations and was well placed to invest in future growth post-pandemic.
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InterviewsM&B’s Bob Ivell: ‘We have been at the mercy of the government’
Unlike the economic damage done by recessions, the hospitality has had no control over its destiny during the pandemic, according to Bob Ivell, non-executive chairman at Mitchells & Butlers (M&B), and winner of the Lifetime Achievement Award at MCA’s Retailers’ Retailer Awards.
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InterviewsBrewDog: ‘Don’t do marketing, do good’
For a business the scale that BrewDog is now, it’s ability to change things up and head full throttle into new initiatives is impressive.