All articles by Georgi Gyton – Page 14
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News
Admiral Taverns tops licensee sentiment tracker
The community pub group has improved its scores year-on-year, taking first place among the largest, national pub companies, with an overall score of 7.7 out of 10.
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Analysis & Insight
Almost half of young people have given up booze
Forty-three percent of 18 to 34-year-olds no longer drink alcohol, according to new survey data, with Britain’s growing Muslim population and “abstinence influencers”, changing the nation’s relationship with booze
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News
Diageo denies sale of Guinness
Responding to reports of a rumoured sale over the weekend, the drinks manufacturer has said it has “no intention to sell” either Guinness or its stake in Moët Hennessy
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News
Popeyes targeting a further +45 restaurant openings in 2025
The QSR brand, which achieved £150m in sales last year, is accelerating its medium target of 350 sites, with new openings planned in Birmingham, Leeds and Bristol among other major UK cities
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News
Urban Pubs & Bars reports record EBITDA
The 53-strong pub and dining group reported a 26% increase in EBITDA, to £8.7m, for the year to 28 April 2024, versus the previous year, with further growth to be supported by new £30m banking facilities.
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News
Fried chicken market still capable of ‘significant growth’
Britain’s insatiable desire for fried chicken could prompt further private equity interest in the QSR sector, Popeyes chief executive Tom Crowley told the FT
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Interviews
Atis secures a further seven sites
The salad bowl concept is looking to reach 20 sites by September, following a £8m investment, and is just beginning to search for its first locations outside London, co-founder Philip Honer tells MCA.
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Interviews
Tonkotsu: ‘We are still positive about the future’
The government may have delivered a “sucker punch” to the sector in the Autumn Budget, but demand for quality Asian cuisine remains strong and there are opportunities for growth, co-founder Emma Reynolds tells MCA
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Interviews
Pizza Pilgrims’ Rising Star has ability ‘to go anywhere in hospitality’
Co-founder Thom Elliott praises managing partner Clive Watkins’ energy, attitude and the respect he has from his colleagues, in the latest of our Rising Star finalist profiles, ahead of the MCA Hospitality Awards
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News
Stonegate’s managed pubs achieve strong festive like-for-likes
The company achieved like-for-like sales growth of 9.7% in its managed estate over the Christmas period, with its bars and venues seeing a 4.1% increase
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Analysis & Insight
Analysts give mixed reviews of JDW performance
Described as “solid” and “robust” by some analysts but “lacklustre” by others, JD Wetherspoon’s recent trading performance has attracted differing opinions on its success
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Analysis & Insight
Unemployment figures suggest Autumn Budget has stifled hiring
The number of job vacancies has fallen to its lowest level in more than three years, with unemployment on the up, according to the latest data from the Office for National Statistics
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News
Revel Collective reports slim uptick in like-for-likes
Late night sector “continues to be challenging” for the Revolution bar operator, but there were standout performances from Peach Pubs and Founders & Co.
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News
JDW reports like-for-likes up 5.1% in year to date
The pub company reported like-for-like sales growth of 6.1% over the three weeks to 5 January 2025, with chairman Tim Martin stating it was “confident of a reasonable outcome for the year”
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Analysis & Insight
Pubs outperform wider hospitality in December
Britain’s leading restaurant, pub and bar groups reported lfl sales growth of 3.2% last month – with pub groups alone achieving 4.7% growth, the latest CGA RSM Hospitality Business Tracker shows
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News
Knoops appoints former Hotel Chocolat chair as non-exec director
The chocolate drinks brand, which achieved 22% like-for-like sales growth over the five-week Christmas period, has appointed Andrew Gerrie to its board
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Analysis & Insight
Pub acquisition activity likely to be remain subdued
Decisions on pub sales will be deferred and acquisition activity subdued, with buyers not wanting to commit funds ahead of a possible price correction, Fleurets has forecast.
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News
Sales of Champagne down as habits change
More affordable alternatives, including prosecco and English sparkling wine are increasingly replacing Champagne among consumers, with demand for the premium French fizz at its lowest level in more than two decades.
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Analysis & Insight
Drink sales behind this time last year
Average drink sales in the seven days to Saturday 11 January were 9% behind the same period in 2024, according to the latest CGA by NIQ Daily Drinks Tracker, with spirits seeing the biggest decline.
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Analysis & Insight
Casual dining market is in recovery phase
The QSR sector saw notable growth in 2024, with a 10% increase in the number of outlets, and further growth predicted this year, according to Christie & Co