All articles by Georgi Gyton – Page 123
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NewsVagabond to open in Cabot Square
Vagabond’s upcoming Canary Wharf site is to open within 25 Cabot Square, MCA understands.
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NewsPubs Code Adjudicator to step down next May
Paul Newby has announced he will leave office at the end of his current term as Pubs Code Adjudicator, in May 2020, and will not be seeking reappointment.
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NewsHeavenly Desserts signs franchisee agreements for London expansion
High-end dessert café Heavenly Desserts has signed development agreements with two franchisees that should see the operator open nine cafes across London over the next three years, MCA can reveal.
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NewsScottish eating out sector could be hit with mandatory calorie labelling
Food Standards Scotland (FSS) has called for the introduction of mandatory calorie labelling on menus, including food to go items, and takeaways/home delivery.
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Analysis & InsightPub brands lose share at dinner time
Pub brands’ share of visits at dinner time – its most important occasion – in the second quarter of 2019 (April – June), reflecting toughening competition from restaurants and growing customer expectations.
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NewsUnite seeks assurances over Greene King deal
Union Unite has said it is seeking assurances over job protection following the proposed multi-billion-pound bid for Greene King by CK Asset Holdings.
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Analysis & InsightGreene King: A bid out of the blue
The dust had barely settled in the pub sector following the news that Stonegate had reached an agreement to buy Ei Group for £1.27bn, when another bombshell hit in the form of an outside investor looking to snap up Greene King.
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NewsS Group founder takes on Reubens site
Lee Landau, the restauranteur behind Jewish restaurant group S Group, has acquired the former site of kosher restaurant Reubens in the West End, as the business looks to expand.
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NewsBid for Greene King valued at c.£4.6bn
Greene King has received an offer to acquire the business from CK Bidco – a newly incorporated wholly-owned indirect subsidiary of Hong Kong-based property developer CK Asset Holdings (CKA), in a deal valued at c.£4.6bn.
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News
Loch Fyne’s Horan takes on new role at Greene King
Greene King has appointed Michael Horan as the new business unit director of its 70-strong gastro-pub business Metropolitan Pub Company.
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NewsBarburrito reduces losses after ramping up EBITDA
Mexican fast-casual chain Barburrito has reported a 5% increase in turnover for the 53-week period ended 31 March 2019.
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NewsPaul UK sees lfls up 3.4% in 2018
Paul UK has seen strong turnover and like-for-likes sales growth in the full-year to 31 December 2018, across its 37-strong estate of shops, boosted by an uptick in online revenue.
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NewsFranco Manca lines up Aldgate site
Franco Manca looks set to open a further London restaurant, in Aldgate, MCA understands.
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NewsBruce Pubs withdraws bonds from the NEX Exchange
Scottish operator Bruce Pubs has withdrawn its company’s bonds from trading on the NEX Exchange, only eight months after being admitted.
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NewsHarrods to open first standalone café
Harrods is to open its first standalone café, in Henley, this October. It will be located in the former Spirited Wines premises at 22 Market Place.
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Analysis & InsightBakery brands hit the spot with trend for food-to-go
Branded bakery is outperforming the total eating out market, as the likes of Greggs and Warrens bakery tap into the growing food-to-go channel, according to analysis by MCA.
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NewsRestaurants outpace pubs on July comparables
Restaurant groups achieved a 3.8% increase in collective like-for-like (lfl) sales last month, against July last year, while pub sales slipped back -0.2% due to tougher comparables, according to the latest Coffer Peach Tracker.
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OpinionMCA Introduces… Hard Rock Cafe Piccadilly
Last month saw the opening of Hard Rock International’s new flagship European café in London’s Piccadilly Circus. MCA deputy editor Georgi Gyton spoke to area vice president Stefano Pandin about the new modern vision for the brand and how it has stood the test of time since its launch in 1971.
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Analysis & InsightEIG: ‘We have been on alert for at least a year now’
Following the shock news yesterday that Stonegate has announced its intention to acquire Ei Group, MCA’s Georgi Gyton caught up with Ei’s chief executive Simon Townsend, and chairman Robert Walker to find out what it means for both businesses.
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NewsPret/EAT deal is ‘a real milestone for vegetarianism’
The fact a big chain is championing a standalone veggie concept is ‘a real milestone for vegetarianism’, Pret A Manger chief executive Clive Schlee told MCA, but said there needed to be a real push to develop Veggie Pret’s menu in order to make it distinctive from its sister sites.