All articles by Georgi Gyton – Page 118
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NewsAG Barr sees revenue decline in ‘disappointing’ first half
AG Barr has seen revenue for the six months to 27 July 2019 decline from £136.9m in H1 last year, to £122.5m, following what it described as an “unprecedented year” for the soft drinks industry in 2018.
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NewsTasty sees sales down but losses reduced
Tasty, which operates Wildwood and Dim T restaurants, saw sales decline by 8% for the 26 weeks to 30 June 2019, to £21.1m (2018: £23m).
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NewsGladwin Brothers confirm Soho opening
Gladwin Brothers have confirmed they are to open a fourth London restaurant on Soho’s Frith Street, as revealed by MCA in April this year.
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NewsPret to complete allergen labelling roll-out this week
Pret A Manger is on target to complete the roll-out of full ingredient labels on freshly made products, at all 391 of its UK shops, by the end of this week.
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NewsTim Hortons lines up four more openings for 2019
Tim Hortons has four new restaurant openings lined up between now and Christmas which will see the Canadian fast food brand hit 25 sites, MCA can reveal.
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FSA announces allergy plans following Byron inquest
The Food Standards Agency board has announced a series of measures to protect consumers with food allergies and intolerances.
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NewsApplegreen sees total food sales slip back in H1 2019
Applegreen saw total UK food and store sales slip back from their strong performance last year, to +1.4% for the six months to 30 June 2019.
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NewsInvestors willing to pay premium for best in class operators
Despite the greater prevalence of distress transactions, investors are willing to pay top valuations for businesses that are best in class, according to Graeme Smith, MD at AlixPartners.
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NewsGrowth expected for branded restaurants in 2019
Branded restaurants are expected to see modest sales growth of 1.9% in 2019, amid overall market contraction, according to MCA’s newly-published UK Restaurant Market Report.
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NewsPapa John’s appoints new supply chain director
Papa John’s UK has appointed former Pizza Hut procurement manager Robert Taylor as its new supply chain director.
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NewsJKS plans Bao and Hoppers double opening in Kings Cross
JKS Restaurants is planning to open a new Bao and Hoppers in Kings Cross, MCA understands.
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NewsWhelans expands to 10 with new Star Pubs site
South east pub operator Whelans has grown its estate to 10 sites, with the addition of its latest site through Star Pubs & Bars, and has plans to double its footprint.
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Analysis & InsightBrandwatch: TGI Friday’s
It’s not immune to the struggles in the casual dining market but TGI Friday’s has ploughed on with a steady programme of openings. So what is the the journey of the brand in the UK, how it is performing against the wider market and what does it have planned for the future?
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NewsNo further EU product swaps planned for Wetherspoon
JD Wetherspoon (JDW) is not planning to make any additional product swaps to non-EU sourced alternatives, following the introduction of several new lines last year.
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NewsFuller’s develops new all-day dining concept
Fuller’s has invested c.£2million in a new all-day dining concept at The Chamberlain Hotel in the City.
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NewsBird was “starved of cash” in lead up to administration
Fried chicken and waffle concept Bird was “starved of cash” according to administrators’ proposals from BM Advisory filed at Companies House this week.
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NewsJDW sees lfls up 6.8% for full year
JD Wetherspoons (JDW) has reported a like-for-like sales (lfls) increase, before exceptional items, of 6.8% for the full year to 28 July 2019.
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NewsGerry Carroll to step down as CEO of Hawthorn Leisure
Hawthorn Leisure’s chief executive Gerry Carroll has decided to step down from his role, with effect from 1 October 2019, with Mark Davies, executive chairman of Hawthorn Leisure to take on the position.
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Qatari restaurant concept eyes five for London
A Qatari restaurant concept called Apple Butter is looking to open five sites in London, with the first secured in Covent Garden for a launch later this year. The business, which was established in Qatar’s capital Doha, is based around homemade desserts with a twist and speciality coffee, alongside gourmet ...
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NewsGBK sees lfls up 8.6% on back of previous decline
Gourmet Burger Kitchen UK (GBK) has achieved a like-for-like sales (lfls) increase of 8.6% for the 26 weeks to 25 August 2019. This follows a 9.7% decline seen in the comparable period last year.