All articles by Georgi Gyton – Page 104
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NewsDining Street goes into administration
Casual dining operator Dining Street Limited has appointed administrators, with all 147 staff made redundant.
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NewsPapa John’s launches flexible franchising formats
Papa John’s is to introduce new flexible franchising formats for 2021 as it looks to expand its reach into new types of location.
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NewsResearchers suggest pubs and restaurants should be shut till May
Pubs and restaurants should not reopen until May, researchers from Imperial College London and the universities of Edinburgh and Warwick have recommended.
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TRG appoints new non-exec director
The Restaurant Group (TRG) has appointed Alex Gersh as a non-executive director. He will join the board on 23 February 2021 and will become a member of both the audit and nominations committees.
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NewsUKHospitality bangs the drum for additional support
UKHospitality has warned that businesses will not be able to survive and contribute the rebuilding of the economy unless further support is given.
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NewsBanana Tree sees delivery growth from outside London
Indochinese restaurant operator Banana Tree has found that growth in delivery sales during the pandemic has increased five-fold outside the capital, director Anne Chow told MCA.
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NewsSSP menus cut by up to 60% during pandemic
Travel hub operator SSP has simplified its menus by up to 50-60% during the pandemic, which could result in smaller menus remaining post-covid, according to an analysts’ note by Peel Hunt.
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NewsSlow post-Covid recovery predicted for hospitality sector
The hospitality sector is expected to see some of the slowest rates of post-Covid recovery, according to the latest EY Regional Economic Forecast.
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Robinsons acquires Individual Inns
Robinsons Brewery has acquired six-strong pub operator Individual Inns, in a deal which boosts its managed estate to 20 sites.
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NewsPeter Marks: ‘Eden is not where we want it to be’
The Deltic Group’s new Eden concept is “a work in progress”, chief executive Peter Marks has told MCA – but the plan is to expand it once the kinks are ironed out.
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NewsLoungers: ‘We see further opportunities in the evenings’
Loungers sees further opportunities to boost its trade in the evenings, particularly when it comes to drinks sales, chief executive Nick Collins has told MCA.
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NewsUrban Village takes on former Epic pub
Urban Village Pub Company has acquired former Epic Pub Company site, 185 Watling Street Pub & Kitchen in Towcester.
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OpinionAnalysts’ verdict: Liberum and Peel Hunt on Loungers
Both Liberum and Peel Hunt have upwardly revised their full year estimates for Loungers, following the AIM-listed business’ positive interim statement yesterday (4 December).
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NewsSummer weather masked localised trading issues at Deltic
The Deltic Group saw a 4.7% hit to like-for-likes for the full year to 23 February 2019, in what it described as a “tough year for the company”.
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NewsLoungers like-for-likes up 5.4%
Loungers has achieved strong like-for-like sales growth of +5.4% during the 24 weeks to 6 October 2019, with the group on track to open 25 new sites per annum.
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NewsBrasserie Bar co considering Knutsford disposal
Brasserie Bar Co is considering disposing of its Brasserie Blanc site in Knutsford, after profits dipped below expected levels, MCA understands.
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NewsHarts Group closes Pastorcito after only four months
Harts Group has closed its Pastorcito site at Mercato Metropolitano, in Elephant and Castle, in order to focus on its existing restaurants.
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Analysis & InsightLow and no-alcohol sales double
Sales of low and no alcohol drinks in the on-trade have almost doubled (48%) in the past 12 months, according to a new report from CGA.
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NewsGoodbody and JP Morgan on Marston’s
Goodbody has said it retains its “cautious view” on Marston’s in terms of investment due to the fact it has endured an extended period of muted like-for-like growth, it said in a note following Marston’s preliminary full-year results update on Wednesday (27 November).
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NewsDaisy Green to open second City location
The Daisy Green Collection is to open its second site in the City next month, at 2 London Wall Place, taking its estate to 11.