All articles by Georgi Gyton – Page 129
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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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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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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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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.
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NewsFood and drink prices levelling after months of rises
Recent spikes in the price of food and drink levelled off in July, despite inflation remaining at twice the rate of a year ago, according to the CGA Prestige Foodservice Price Index.
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Analysis & InsightRestaurants and pubs closures among biggest net declines
The closure of restaurants and pubs are among the highest seen by sector on Britain’s high streets, according to the latest PwC and the Local Data Company analysis.
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NewsColin Hill takes reins at Nando’s UK & Ireland
Colin Hill has been appointed as the new chief executive for Nando’s UK & Ireland.
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NewsDomino’s appoints new senior independent director
Domino’s has announced that former Greene King group finance director Ian Bull will succeed Helen Keays as senior independent director with immediate effect.
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NewsDrink-led pubs see spike in lfls after mini heatwave
Wet-led pubs achieved a 4.1% increase in like-for-like sales (lfls) during August as the mini heatwave brought out drinkers, according to the latest Coffer Peach Business Tracker.
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NewsRecommendation for ‘pub relief’ on alcohol duty
The ability for pubs to claim back a proportion of alcohol duty, through a new ‘Pub Relief’, has been set out as a recommendation in a new report on reforming alcohol duty in the UK.
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NewsGreene King lfls fall across Pub Company in Q1
Greene King’s Pub Company arm has seen like-for-like sales (lfls) fall by 1.8% for the first 18 weeks of the new financial year, to 1 September, however the past seven weeks saw a 1.5% uplift.