All articles by Georgi Gyton – Page 19
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Analysis & InsightBranded restaurants forecast to see 4.3% turnover growth
Polarisation in the market persists, with premium brands such as Dishoom, Miller & Carter and The Ivy Collection continuing to thrive, Lumina Intelligence says
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Analysis & InsightBusiness confidence continues to wane
Hospitality leaders’ confidence in their own business’ future prospects has fallen again – down four percentage points to 49%, CGA by NIQ’s latest Business Confidence Survey has found.
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NewsAtis lines up eight further sites
London salad bar concept Atis has eight further site openings confirmed as it looks to build its presence in the capital, co-founder Eleanor Warder has told MCA.
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Analysis & InsightFreshly dressed: the vibrant new generation of salad pioneers
MCA explores the evolution and growth of the high street salad bar, and how the freshest players are capitalising on the trends for health and global flavours to create concepts with ambitious expansion plans
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NewsOpenings of the week
MCA rounds up the latest opening stories this week, featuring Chipotle, Wingstop, Kiss the Hippo and more
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NewsPrezzo is in ‘a much stronger place’
Prezzo is in “a much better financial position” following its restructure as well as the ongoing work being carried out to refresh its menu and restaurant estate, chair Jonathan Goldstein tells MCA
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InterviewsBill’s: ‘The brand needed to be more relevant’
MD Tom James tells MCA the restaurant brand took a “long hard look at ourselves” in the aftermath of the pandemic, with the senior management team compiling a list of nearly 300 actions points that needed addressing
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NewsHydes continues to ramp up annual turnover
The North West-based brewer and pub retailer achieved record turnover for the 2023/24 financial year of £39.3m – up £5.2m on the previous year.
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NewsBill’s sees EBITDA up 51% in 2024
The Richard Caring-owned restaurant group has been building on the record sales performance in delivered in 2023, with a 3.4% increase in like-for-like sales achieved in the first half of this year
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NewsBrakspear acquisitive despite hit to profitability
Underlying EBITDA declined from £11.2m, to £10.9m in 2023, but CEO Tom Davies is pleased with its performance and actively looking to acquire sites
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NewsPrezzo sees return to profitability
Profit after tax at the Cain Interational-basked chain was £5.5m for the year ended 31 December 2023, compared to a loss of £31.6m the prior year
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NewsBill’s to return to expansion trail
The Ricard Caring-owned restaurant chain is looking to open “hybrid” versions of its traditional restaurants and new cafe concept, following record sales
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NewsPizzaExpress achieves strong lfls in 2023, but profits turn to loss
PizzaExpress UK & Ireland achieved 8.3% like-for-like growth last year, but “stubbornly high inflation” impacted profits, with a total loss after tax of £7.5m for the group
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NewsUrban Greens to accelerate expansion
The London-based premium salad chain is looking to add a further five sites to its estate over the next 18 months, co-founder Rushil Ramjee told MCA.
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NewsPizza Hut Restaurants achieves profit and LFL sales growth
The franchise business achieved a £4.7m increase in operating profit to reach £1.7m in 2023, from a £3m loss in 2022
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Analysis & InsightOut-of-home occasions up year-on-year
Dinner participation was up by 1.3ppts during the second quarter of 2024, driving its day-part share of total eating and drinking market occasions, analysis by Lumina Intelligence has found
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NewsPunch Pubs appoints new CEO as Clive Chesser steps down
Punch Pubs’ current chief operating officer Andy Spencer has been appointed as its new CEO, replacing Clive Chesser, who leaves next month to become CEO at The PureGym Group.
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Analysis & InsightSummer of sport drives 11% increase in pub spend
The Paris Olympics, Euros and Wimbledon drew additional consumers to UK pubs and bars this summer, with the number of transactions up by 9%, research by payment company Dojo has shown.
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InterviewsBlind Tiger Inns reaches 20 sites, with plans to grow
The North West wet-led community pub operator has the funds and people in place to add a further six sites to its estate, and is exploring opportunities with private landlords as competition from the larger pubcos grows
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Analysis & InsightQSR now most popular eating and drinking out channel
Quick service restaurants have overtaken coffee and sandwich bars to reach a 28.3% share of total occasions in the eating out market, according to Lumina Intelligence