All articles by Georgi Gyton – Page 123
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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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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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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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NewsBlack Sheep Coffee lines up three more before year end
Black Sheep Coffee is planning to open three more sites before the end of the year, as it expands across the UK.
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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.
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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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NewsJamie Oliver considering new restaurant openings
Jamie Oliver has said he would consider opening new restaurants, following the collapse of his restaurant empire earlier this year, but only after the high street has sorted itself out.
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NewsLeon to open further sites with SSP
Leon is to expand its partnership with travel hub operator SSP, with a new opening planned for Cobham Services on the M25, MCA understands.
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NewsHop Vietnamese closes in on crowdfunding target
Hop Vietnamese has raised more than three quarters (81%) of its £750k crowdfunding target, with 19 days still left to go.
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OpinionAnalysts’ verdict: Berenberg on Mitchells & Butlers
Mitchells & Butlers shares are due a “pause for breath” believes analyst Berenberg.
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Analysis & InsightFrequency up across the board in eating out sector
Eating out frequency rose across all day parts in October 2019 compared to the same period last year, from 92.4% to 92.7%, according to MCA’s latest Consumer Dashboard.
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NewsRalph Findlay: ‘We are behind the market on food’
Marston’s is to adopt a “renewed focus” on the proposition in its food-led pubs after falling behind the market with its offer, chief executive Ralph Findlay told MCA.
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OpinionChestnut Group: Passion project
By tapping into the East Anglian opportunity, Chestnut Group founder Philip Turner has managed to double the size of his business in the past year. He talks to Georgi Gyton about his passion for the region and the next stage of Chestnut’s growth.
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NewsYoung adults lack trust in mobile payment apps
Less than a quarter of 18-24-year-olds use their smartphones to pay bills when eating out, with confidence and customisation issues flagged up as barrier to use, according to the latest GO Technology report from Zonal and CGA.
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Analysis & InsightSpend up at dinner despite visit challenge for pubs
Average spend at pubs during the dinner occasion has seen a strong increase, despite the challenge for operators to grow share of visits at this day-part, according to MCA’s latest Pub Brand Monitor.
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NewsCorbin & King reports lfl growth of 2.5%
Corbin & King has reported a 2.5% increase in like-for-like sales for the period to 31 December 2018, with EBITDA up from £1.3m to £7.5m.
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NewsAnalysts’ verdict: JP Morgan and Goodbody on Wagamama
Wagamama’s second quarter trading update may have revealed its lowest like-for-like growth rate since Q4 2016, but according to analysts at JP Morgan this is missing the point.
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NewsPapa John’s appoints business development director
Papa John’s has appointed Justin Gilbert as its new director of business development in the UK.
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NewsShaftesbury F&B tenants reporting turnover growth, on average
Shaftesbury has said its food, beverage and retail tenants are, on average, reporting growth in turnover, however, in common with business generally, cost pressures and staff shortages continued to present operational challenges.
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NewsWingstop secures Bluewater site; partners with XBox
Wingstop UK has secured its third UK site, and will open at Bluewater in Kent, in collaboration with Microsoft XBox, in early 2020.