All articles by Georgi Gyton – Page 109
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Analysis & InsightPremium coffee shops and bakeries leading the way on growth
Gail’s Bakery and Triple Two Coffee are among the operators in the coffee shop/café and bakery & sandwich market that are growing at the fastest rate, according to new data from Lumina Intelligence.
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NewsFulham Shore sees sales up for first week indoors
Fulham Shore saw group revenues at around 103% of the levels seen in a similar week in 2019, during its first full week of indoor trading, with like-for-like sales at around 92% of their levels two years’ ago.
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NewsHawksmoor: ‘Hospitality is lacking spontaneity’
The growing expectation by customers that they need to book in advance is contributing to the current lack of spontaneity in hospitality, Hawksmoor co-founder CEO Will Beckett has said.
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NewsLive music trial showed no increased risk of transmission
A live music event trial carried out in Spain found no reports of virus transmission, suggesting that indoor events can take place without increasing the risk of new coronavirus cases.
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NewsJune 21 date hangs ‘in the balance’
The government’s aim to end all restrictions by 21 June is “in the balance”, according to a leading scientific adviser, with ministers wanting more time to make a decision.
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InterviewsItsu: ‘Increasing our hot food sales is a key focus’
The pandemic has accelerated Itsu’s move to make hot food a more prominent part of its offer, chief executive, Ganan Kanagathurai has told MCA.
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InterviewsTRG’s Andy Hornby: We will open fewer Wagamamas in city centres
The impact of the pandemic has not dampened The Restaurant Group’s (TRG) ambition to continue to expand the footprint of its Wagamama brand – but it has changed where those restaurants will be located, chief executive Andy Hornby has told MCA.
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NewsStonegate launches multi-unit leadership diploma
Stonegate Group has launched a new Multi-Unit Leadership Diploma, in keeping with the company’s ‘bar to boardroom’ ethos.
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InterviewsBoxpark: ‘The rent situation is a shambles’
The current situation with regards to rent is “like a scene from Monty Python”, according to Roger Wade, chief executive, Boxpark.
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NewsLuke Johnson looks again at selling Gail’s
Risk Capital Partners (RCP), led by Luke Johnson, is reportedly looking again at selling its Gail’s bakery business, and has hired financial services firm Nomura to explore options.
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NewsShaftesbury seeing return of footfall in West End
Shaftesbury has reported seeing an encouraging increase in demand for space and lettings, as well as a return of footfall and spend across its locations as the West End begins to bounce back.
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NewsReal Eating Co eyes up to 25 sites in next three years
The Real Eating Company is looking to open more than 15 additional sites over the next three years, building its estate to 25 café-coffee shops, founder and managing director Helena Hudson told MCA.
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NewsCVA approved for Greene King’s Loch Fyne business
Greene King has had a CVA approved by creditors for its Loch Fyne business. It is understood the business was working with restructuring firm Resolve and has now exited leases on 11 of its sites.
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NewsRestaurant Group sees ‘very encouraging recovery’ in sales
The Restaurant Group (TRG) saw a “very encouraging recovery in sales” in the five weeks to 16 May, following the opening up of venues for outdoor dining.
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NewsKate Nicholls: ‘We are at the point of maximum uncertainty’
The situation with regards to the 21 June roadmap date is an “everchanging daily situation”, but Kate Nicholls, chief executive, UKHospitality, told MCA’s The Conversation audience that it looks like “we are back on track” for the removal of restrictions on that date.
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NewsPM set to signal lifting of restrictions on 21 June
The Prime Minister is expected to signal this week that Britain is on track to lift all remaining restrictions on 21 June, as part of an update on the latest data around the Indian variant.
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News‘A long to way’ for sales to reach pre-pandemic levels
Hospitality venues saw a steady start to indoor trading last week, however the poor weather highlighted the fact there is “still a very long way to go” for sales and profits to return to pre-pandemic levels, according to CGA’s latest analysis.
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NewsElectra plans to demerge Fridays onto FTSE
Fridays’ backer Electra Private Equity has said it plans to list the business on the FTSE Main Market late in the third quarter of this year.
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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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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.