All articles by Georgi Gyton – Page 113
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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.
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NewsMcDonald’s to begin reopening restaurants for walk-in takeaway
McDonald’s plans to reopen the majority of its restaurants for walk-in takeaway customers in England, Wales, North Ireland and Ireland from 22 February, following trials with new Covid-secure measures being carried out this week.
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NewsDeliveroo launches new subscription service
Deliveroo has launched a new subscription service for orders over £25, which will offer couples, families and groups unlimited free delivery for £3.49 per month.
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Analysis & InsightJP Morgan on The Restaurant Group
JP Morgan has downgraded its revenue forecasts for The Restaurant Group (TRG) as the likelihood of significant restrictions continuing past the first quarter of this year increase; but it remains positive about the group’s expansion prospects, particular through Wagamama.
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NewsAndrew Walker joins Farmer J as NED
Former chief executive of EAT Andrew Walker has joined the board of all-day London eatery Farmer J as a non-executive director.
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NewsRisk mass unemployment if furlough scheme is axed, warn business leaders
Chancellor Rishi Sunak has been warned by leading business groups and trade unions that unless the furlough scheme is extended the country risks a period of mass unemployment.
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NewsMarston’s rejects share offer from Platinum Equity
The board of Marston’s has unanimously rejected a proposal of 105 pence per share, from Platinum Equity Advisors, stating that it “very significantly undervalues” the business.
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Analysis & InsightAnalysts’ verdict: Liberum on Marston’s
An offer for Marston’s could come in at above 100p per share, according to analysts Liberum, in a note issued following the news that Platinum Equity Advisors had received an unsolicited non-binding proposal from the American PE firm regarding a possible cash offer for its share capital.
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NewsChop’d acquired by Inc Retail
Food to go operator Chop’d has been acquired by London-based retail group Inc Retail, for an undisclosed sum, in a deal which includes all 13 of its sites.
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Analysis & InsightConsumers keen to return to hospitality
More than half of consumers ‘can’t wait to go out again’ according to CGA’s 2021 Hospitality Consumer Forecast, with 80% hoping to visit a hospitality venue within a few weeks of them reopening.
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Analysis & InsightConsumer confidence falls further, says Deloitte
UK consumer confidence has fell a further one percentage point in Q4 2020, to -17%, according to Deloitte’s latest Consumer Tracker.
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NewsMcDonald’s UK sees uplift in like-for-like sales
McDonald’s UK has seen an uplift in like-for-like (lfl) sales, which were positive throughout Q4, reversing the trend seen in the previous quarter.
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NewsVarious Eateries obtains £2.5m BII payout
Various Eateries has received an interim payment of £2.5m under its Business Interruption Insurance (BII) policy and is in negotiations regarding additional claims.