All articles by Georgi Gyton – Page 40
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Analysis & InsightPret increases prices by up to 18%
The price of an all-butter croissant at Pret’s station sites has increased by 18.2%, for example, however price increases at its high street sites have been less steep, it has been reported
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NewsGreggs rolls out eco learnings to 250-plus shops
The food to go retailer said it had made significant progress on the 10 targets that form part of its Greggs Pledge, including the reduction of food waste and increase in healthier food options
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InterviewsRed Oak Taverns: ‘We have the firepower for a large acquisition’
The leased and tenanted business has the capital to almost double its estate – but finding suitable site opportunities is proving a stumbling block to growth, co-founder Mark Grunnell tells MCA
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NewsBrasserie Bar Co has strong pipeline of freeholds
The group, which achieved ‘record-breaking’ sales in the year to 26 June 2022, has since acquired three new freeholds with a big pipeline of further sites on the horizon
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Analysis & InsightRestaurants saw boost to spend over Easter
Hospitality and leisure businesses benefitted from a 2.7% increase in the total number of sales as the warmer weather saw people come out and spend, according to new data
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Analysis & InsightConsumers opting to cook at home over restaurant meal
A fifth of consumers are even avoiding social plans that involve eating out, in order to save money, the latest Barclays card spending data has found.
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NewsPizzaExpress appoints COO
Lawrence Harvey will lead operations across all 350-plus restaurants in the UK and Ireland and report to CEO Paula MacKenzie
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Analysis & InsightFulham Shore: ‘Too tempting an offer to refuse’
The cash offer on the table may not price in Fulham Shore’s full potential, but the acquisition by Toridoll represents a good deal at a time when the restaurant sector is not yet back to full strength
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NewsOpenings of the week
MCA rounds up the biggest openings stories of the week, featuring Dishoom, Wagamama, Bundobust and more
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NewsBurger & Sauce signs five new franchisees
The business is looking to expand from its Birmingham base to Sheffield and Liverpool through its new franchise partners
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Analysis & InsightUK leading Europe’s coffee shop outlet growth
The UK coffee shop market grew 4.4% over the last 12 months to reach 9,885 outlets, compared to overall European market growth of 3.3%, according to a new World Coffee Portal report.
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NewsWahaca focused on recovering restaurant volumes
The Mexican restaurant group recorded net profit before tax of £3m in the year to 26 June 2022 and said love for the brand remained strong.
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NewsPrezzo posts significant loss despite strong H2 performance
The Italian restaurant brand recorded a total statutory loss for the year to 2 January 2022 of £22.4m, but said that it had returned to profitability in the second half of the period
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NewsOakman benefiting from Chef Academy
The group said it now has the necessary employee resources to continue its growth plans thanks to the development of its Academy, with a Level 2 course due to launch later this spring.
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NewsNew Pub Partners MD at Greene King
Dan Robinson will hold overall responsibility for Greene King’s leased, tenanted and franchise business unit, with Wayne Shurvinton appointed to a new role as partnership and ventures MD
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NewsManaged and operator-led sites lead growth for Stonegate
The group’s leased and tenanted arm continued to see negative like-for-like growth last year but Stonegate saw a strong performance from its Craft Union business and managed division.
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InterviewsRekom UK: ‘We are focused on expanding our party bar estate’
With fewer opportunities for large nightclub sites and a strong existing portfolio, Rekom is looking to drive future growth through its pub and bar venues, chairman Peter Marks told MCA.
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NewsRekom posts strong revenue growth
The UK arm of the business is currently the group’s strongest performing division, achieving EBITDA of £18.4m in 2022
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NewsItsu launches first hot food-only restaurant
The site in Regent’s Place will be solely focused on hot dishes, with no sushi on the menu, and will be the first of several sites to open in the new format this year
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NewsChopstix targeting 30 new sites and £65m revenue this year
The forecast uplift in revenue would equate to a 40% rise versus FY22, with the Asian QSR group targeting sales of more than £90m over the next financial year.