All articles by Georgi Gyton – Page 40
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NewsRevolution Bars Group is back in the black
The group turned around a £26.3m loss in 2021 to report a profit before tax of £2.1m in the 52 weeks to 2 July 2022, but recent sales have been hit by falling consumer confidence
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NewsRevolution Bars Group acquires Peach Pub Company
The operator of the Revolution and Revolucion de Cuba brands has acquired the 21-strong operator of premium food-led pubs for a consideration of £16.5m as it looks to diversify its growth strategy.
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NewsBeer supply threatened in run up to World Cup
GXO Logistics drivers, who deliver around 40% of UK beer, have announced they will go on strike between 31 October and 4 November over pay, Unite has said.
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Analysis & InsightLunch on the go purchases get the chop
Almost a third of consumers are now choosing to take a packed/home-made lunch into the office rather than purchase food on-the-go, according to data from Barclaycard.
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Analysis & InsightBar groups see 16% drop in like-for-likes
Like-for-like sales across Britain’s managed pub, bar and restaurant groups were down 3% on September 2021, but still up on pre-pandemic levels, according to the Coffer CGA Business Tracker
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NewsPaul UK announces move into franchising
The bakery and patisserie chain has secured its first franchise partner in the UK as it looks to drive store growth outside London.
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NewsFridays launches ‘Show Your Stripes’ campaign
The campaign, which encourages guests to ‘come as they are’, is part of major repositioning of the brand
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NewsRestaurants set to be hit by supplier strike action
Businesses including Wagamama, PizzaExpress and KFC are facing the possibility of “severe disruption” to their supply chain after GMB launched a strike vote at Best Food Logistics.
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NewsHeavenly Desserts to accelerate store openings
The high-end dessert parlour is looking to open 20 UK sites next year, and further its international reach, managing director Yousif Aslam tells MCA
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News‘Alcohol duty freeze would have saved £300m’
The announcement by new Chancellor Jeremy Hunt is a “huge blow” for the sector which is facing “out of control” costs, according to BBPA chief executive Emma McClarkin
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NewsHospitality workers losing £200m a year in tip deductions, Labour claims
The party has pledged to “stamp out” unfair deductions and will set out plans this week to ensure employers allocate all tips to staff
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Analysis & InsightLate night businesses facing ‘untenable’ energy costs
Many businesses are facing an increase in energy costs of +300% despite the government’s support package, the NTIA has said.
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NewsCaffè Nero and Waitrose link up on loyalty
The coffee chain and the supermarket retailer have embarked on a new partnership which will see benefits offered to each other’s customers through a linked reward scheme.
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NewsInn Collection secures further Welsh property
The group has completed on its second Welsh site – The Bull in Beaumaris on the Isle of Anglesey – for an undisclosed sum, taking its estate to 32 sites.
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InterviewsBurger King UK: ‘There is opportunity for growth during these times’
The business has remained resilient through recent economic turmoil, with a significant new refinancing deal setting it up to benefit from growth opportunities, CEO Alasdair Murdoch tells MCA
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NewsState of Play makes net zero pledge
The experiential leisure operator said it will abate all unavoidable emissions from its direct operations by 2030 and has joined Zero Carbon Forum in order to help reach its target.
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NewsComptoir Group appoints Nick Ayerst as CEO
Ayerst will take over from Jean-Michel Orieux, who has been interim CEO since August 2022, after former CEO Chaker Hanna stepped down. Orieux will revert to his role as independent non-executive director.
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NewsLoungers delivers 17% growth in like-for-likes
The all-day operator continued to significantly outperform the market against the backdrop of macroeconomic challenges, which it said was testament to the relevance and resilience of its brands.
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Analysis & InsightCocktail drinking is on the up
The percentage of consumers in Great Britain who typically drink cocktails in a licensed venue is up 11ppts to 31%, according to data from CGA by NielsenIQ.
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InterviewsBKUK: ‘Karali deal gives us critical mass’
The acquisition of Karali Group’s 74 Burger King sites was a strategically important move and further strengthens its position in the drive-thru market, Burger King UK CEO Alasdair Murdoch told MCA