All articles by Georgi Gyton – Page 31
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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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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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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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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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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
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InterviewsBurger King UK: ‘We are taking share from the better burger brands on delivery’
The burger brand has refrained from pricing too aggressively, resulting in its volumes remaining steadier and its perceived value increasing on delivery platforms in particular, CEO Alasdair Murdoch tells MCA
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NewsUrban Pubs adds to fast-growing estate with latest acquisition
The Herne in East Dulwich is the 44th site from the London-based pub and dining group, which has already added four London sites to its estate this financial year.
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Analysis & InsightAsian and barbecue flavours continue to drive menu innovation
The number one global cuisine is Italian, followed by Japanese, Greek, Portuguese and Chinese, according to AAK Foodservice.
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Analysis & InsightPub goers swap spirits for beer but focus on quality
Consumers are increasingly trading down from spirits to beer and wine, but trading up within the category, with Guinness, and premium world lagers the stand-out performers, insight from Lumina Intelligence reveals
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NewsUKHospitality calls for permanent rollout of skills scheme
The pilot delivered an 85% completion rate, with 80% of those finding employed in the hospitality sector, and has the potential to be “transformational”, chief executive Kate Nicholls says
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NewsAlbert’s Schloss co-founders to launch Detroit pizza concept
Detroit Slims will open on Manchester’s Oxford Road this autumn, with plans to expand the quick-service pizza restaurant concept nationwide