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All articles by Georgi Gyton – Page 2
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InterviewsYoung’s: ‘We want to get the City Pub estate rocking and rolling’
Chief executive Simon Dodd talks to MCA about the positive momentum in the business, the “outstanding” returns it is seeing from some of its investments and opportunities to develop the City Pub estate
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NewsGovernment drafts legislation to cut business rates
The government says this is the beginning of its promise to reform business rates and boost the high street, but operators argue more clarity is needed on what the reform will look like
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NewsBlacklock sells stake to BGF
The chop house restaurant, led by Gordon Ker, is understood to have sold a minority stake to the British Growth Fund, following reports it had been exploring options for the business
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NewsJDW switches from Spanish to Italian beer
The pub business has said it will no longer serve San Miguel, once current stocks sell out, and will be replacing it with draught Italian beer Angelo Poretti, later this month.
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NewsMarcel Khan: Franco Manca is moving forwards by looking backwards
The Fulham Shore CEO believes the brand can achieve even greater success by zeroing in on the human connection and personality it had in its heyday, he tells MCA’s Restaurant Conference
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NewsYoung’s achieves 22.9% increase in adjusted EBITDA
The pub operator achieved adjusted EBIDTA of £59m for the 26 weeks to 30 September 2024, with profit before tax up 3.3% to £25.3m as it benefited from a strong performance during the Euro ’24 football tournament and the integration of the City Pubs estate.
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Analysis & InsightPrivate equity activity quieter on deal front
While private equity groups have been cautious to invest in restaurants, the last 12 months have seen more deals involving private investors, AlixPartners’ Graeme Smith tells MCA’s Restaurant Conference
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NewsGreene King appoints new group marketing director
Kevin Hydes joins the pub operator and brewer after stepping down as chief commercial officer at Tim Hortons in August
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Analysis & InsightQuality overtakes value as top consumer demand
The quality of ingredients used in dishes is one of the leading consumer demands indicating a shift in priorities, according to the latest insight from Lumina Intelligence.
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NewsHaché Burger poised to appoint administrators
Haché Burger Connoisseurs Limited – led by Jamie Barber and Ed Standring – has filed a Notice of Intention to appoint administrators, with four of its sites having ceased trading
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InterviewsBrewhouse & Kitchen to launch Craft House concept
Four existing high street locations will be converted to the more traditional pub concept over the next six months, in a move away from its brewpub model, CEO Kris Gumbrell tells MCA
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InterviewsLack of data harmony is holding back agility
Azzurri Group developed common data model Openr in order to try and provide a single solution as operators struggle to manage massive data streams across multiple platforms, MCA’s Hostech heard
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NewsDöner Shack announces 150-site India franchise deal
The Berlin-inspired QSR brand has announced a franchise deal with FranGlobal, with 150 locations targeted over the next five years.
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NewsMore than 200 businesses sign letter to Chancellor
UKHospitality has written to Rachel Reeves to warn of the significant impact of the additional £3.4bn cost facing the hospitality sector from April, which includes closures and reduced investment
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NewsThe Revel Collective outlines new board structure
Jemima Bird and William Tuffy will not seek re-election as non-executive directors at the pub and bar group at the AGM on 3 December 2024, with an additional non-exec being sought
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NewsVarious Eateries sees dip in like-for-likes
The Coppa Club and Noci operator said group revenues were expected to be slightly ahead of market expectations, at £50.5m for the full year, despite a 1% decline in like-for-like sales
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Analysis & InsightLumina: ‘Promotional landscape is more competitive than ever’
With 35% of all restaurant occasions including a type of promotion, the ability to keep brands at the front of consumers’ mind is key, Lumina Intelligence’s Katie Gallagher tells MCA’s Restaurant Conference
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NewsWhitbread begins search for new chairman
Adam Crozier has been chairman of Whitbread since 2018 and is expected to step down at some point over the next 12 months
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NewsSector in “survival mode” after avalanche of Budget costs
Business secretary Jonathan Reynolds was told that changes to employers National Insurance Contributions meant the tax bill for employing a part-time worker had increased by 73% and would result in business investment being cut
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NewsWetherspoon reports 5.6% rise in like-for-likes in Q1
Chairman Tim Martin warned of widespread price rises across the sector following the Budget, but said the business would make every attempt to stay as competitive as possible