All articles by Georgi Gyton – Page 110
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NewsDelivery and takeaway sales triple over past year
Takeaway and delivery sales have increased by 317% over the past 12 months, according to CGA’s new Hospitality at Home Tracker.
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NewsMajority of hospitality leaders looking to recruit in 2021
Three quarters of business leaders in the hospitality sectors are planning to recruit new staff members and grow their teams this year, according to the latest CGA Business Leaders Survey.
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NewsHollywood Bowl raises £30m in share placing
Hollywood Bowl has announced it has raised approximately £30m through a successful sharing placing.
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NewsETM boosted liquidity with £2.5m CBIL
Bar and restaurant group ETM secured a £2.5m Coronavirus Business Interruption Loan (CBIL) last year, after it sought to take advantage of all opportunities to boost its liquidity in the face of the pandemic.
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NewsEmma Woods: Retailer’s Retailer of the Year
Wagamama CEO Emma Woods was named Retailers’ Retailer of the Year 2021 at a virtual ceremony last night.
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NewsJust Eat: ‘This marks the beginning of our journey in the UK’
Just Eat’s investment in the UK market has arguably been paying off, with revenue up 42% last year, and for chief executive Jitse Groen, it is just the beginning.
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NewsTRG’s capital raise will better position it for growth, say analysts
The Restaurant Group (TRG) announcement of a £175m capital raise, yesterday (10 March), has been met positively by analysts, who believe it better position the business for future growth.
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NewsJust Eat’s UK revenues up 42%
Just Eat Takeaway.com achieved a 42% increase in revenue in its UK business in 2020, from €509m to €725m. Adjusted EBIDTA for the UK was €216m – up 2% on 2019.
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NewsLiberum on Domino’s
For Domino’s to unveil its strategic growth plans before a proposed deal with franchisees has been accepted raises questions, analysts at Liberum have said.
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NewsAngus Steakhouse on brink of collapse
Angus Steakhouse has hired KMPG to secure a rescue deal for the restaurant chain, which is on the verge of going into administration, The Telegraph has reported.
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NewsTRG revenues down more than 50 percent
The Restaurant Group (TRG) has seen total revenues down 57% to £459.8m, for the 52 weeks ended 27 December 2020.
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NewsTRG announces £175m capital raise
The Restaurant Group (TRG) has announced a proposed capital raise of £175m, by way of a firm placing, and placing and open offer.
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InterviewsScott Matthews: ‘Business in London is going to be slower to come back’
CG Restaurants is anticipating that it will take much longer for sales at its London sites to bounce back compared with its regional locations.
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NewsAdam Handling promotes ops director
Adam Handling Restaurant Group has promoted its operations director Nicola Gartenberg to executive director as it gears up for expansion. The role will also see her appointed to the board.
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NewsRockfish: Summer could be ‘best ever’
Rockfish is gearing up for a second summer of staycations as it secures its latest restaurant in Devon town Salcombe.
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NewsDeliveroo confirms float intentions
Deliveroo has confirmed it is “considering an initial public offering” and intends to publish a registration document today (8 March).
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NewsDomino’s to dispose of Swedish business
Domino’s is to dispose of its Swedish business in order to focus on its operations in the UK and Ireland, following the exit from Domino’s Norway last year.
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NewsIsland Poke secures investment from Hero Brands
Island Poke has secured a cash injection from hospitality investor Hero Brands in order to help accelerate its expansion plans, the Press Association has reported.
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NewsHospitality businesses accuse government of failing to “add up”
Hospitality and leisure businesses have accused the government of being “unable to add up”, following the decision to put a £2m cap on the business rates discount announced in the Budget, according to The Times.
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NewsDeliveroo to launch £50m community fund
Deliveroo is offer a £50m funding pot for restaurants, riders and community groups following the launch of its IPO on the London Stock Exchange on Monday (8 March), Sky News has reported.