All articles by Georgi Gyton – Page 28
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NewsWingstop appoints new head of marketing
Malachy O’Keeffe joins the fried chicken operator from Pho, where he was marketing manager
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Analysis & InsightVarious Eateries is confident the fog will clear
CEO Yishay Malkov concedes that the Coppa Club operator’s bottom line took a big hit last year, but he is confident its strategy for maintaining slow and steady growth will pay off
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NewsFood inflation hit 17.1% in February
Food items such as milk, eggs and margarine saw the fastest rises in price last month, according to new data from Kantar.
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NewsCapco sees positive momentum in Covent Garden
The landowner, which is due to merger with Shaftesbury later this month, said F&B was among its highest performing categories in terms of leasing demand
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NewsJust Eat sees some of largest gains in UK & Ireland
Revenue for the UK and Ireland was up 6% to €1.3bn., with adjusted EBITDA “improving significantly” from -€107m in 2021, to +€23m in 2022
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NewsCurrent fruit and vegetable shortage likely to be short-lived
Supplies of low stock items, such as tomatoes and cucumbers, should pick up from early spring, but there are warnings of further issues down the line…
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NewsRoxy Leisure makes MD appointment
Ben Warren will support current CEO Matthew Jones as the leisure group looks to accelerate its expansion plans
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Analysis & InsightMCA Introduces: Brightside
From avocado bathroom suites to creamy Formica-topped tables, Loungers has sought to epitomise 21st century nostalgia at its new roadside dining concept, chairman Alex Reilley tells MCA
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Newsitsu to open 18 UK sites this year
The healthy Asian fast food brand is due to open six equity sites and 12 franchise locations in the UK this year, founder Julian Metcalfe has told MCA.
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Analysis & InsightA third of operators at risk of failure
The real term impact of inflation has put many are at risk of collapse despite record sales, according to data from UKHospitality and CGA
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NewsLeon adds to London estate
The brand has opened sites in Earls Court and Hanover Square this week, following other recent high-profile openings including Southbank, Battersea and Brixton.
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NewsRoger Wade launches new investment fund
The founder of Boxpark has launched an early-stage SEIS/EIS investment fund called BoxFund, which markets itself as supporting “people and ideas”
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NewsVaulkhard Group appoints new FD
Craig Bell has joined the North East leisure group having previously served as interim FD at Popeyes and FD at Red’s True Barbecue.
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NewsShaftesbury and Capco merger due to complete next month
The merger between the two British landowners in London has been given the green light by the Competition and Markets Authority
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NewsUK inflation could return to 2% from autumn
Economists have revised down their predictions for UK inflation, with Citigroup forecasting that consumer price growth could fall below the Bank of England’s spring target by this autumn
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NewsWells & Co targeting £15m EBITDA by 2028
The independent brewer and pub operator reported an 81% increase in revenue from continuing operations, to £55.2m, for the year ended 2 October 2022.
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NewsMexican chain Zambrero receives £143m in funding
The minority stake taken by Metric Capital Partners will help fuel the restaurant group’s ambitions to open a further 25 sites in Britain and Ireland this year.
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NewsPret revamps iced drinks range
The food to go retailer will launch the new range in April in what it describes as its biggest drinks innovation in more than five years, replacing its current range of frappes and smoothies.
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NewsTime Out shelves plans for Spitalfields market
Tower Hamlets Development Committee deferred its decision on Time Out Group’s planning application despite it being recommended by planning officers
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Analysis & InsightHospitality M&A deals at five-year high
The volume of corporate deals within the food and beverage services sector reached 160 last year – the highest level since 2018, new data has found.