All articles by Georgi Gyton – Page 42
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NewsCity Pub launches share buyback programme
The 40-strong pub group has commenced a share buyback programme, in respect of its ordinary shares of 1p each, as referenced in its interim results last month
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NewsBurger & Lobster achieves 40% rise in revenue
The nine-strong London restaurant group achieved EBITDA of £1.8m in the year to 2 January 2022 and said it was actively looking for new sites in the UK and overseas
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NewsRare Restaurants’ owner turns around £11m loss
Parent company Lomo Topco has announced turnover for the group, which operates Gaucho and M Restaurants, of £53m for the 53 weeks to 2 January 2022, up from £29.6m in 2020
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InterviewsNisha Katona: ‘There was no playbook for me on leadership’
The ability to enrich the lives of others and for staff to finish their shift “walking a bit taller” is what motivates the founder and CEO of Mowgli
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Analysis & InsightFive Guys boosts UK profits
Five Guys has reported a 45% increase in revenue within its UK business, to £237.3m for the year to 31 December 2021,with profit after tax of £26.2m - up from £1.8m the prior year.
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NewsFuller’s appoints Sam Bourke to marketing role
The pub and hotels business has appointed Sam Bourke as its new retail marketing director, as it looks to improve the business’ existing brand, digital and in-pub marketing activity.
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NewsRevenue up but pre-tax profit down at Tortilla
The fast-casual Mexican restaurant business reported strong like-for-like sales in the first half of FY21 and into the summer, despite the impact of the heatwave and rail strikes
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NewsBurger King UK to acquire 74 franchise restaurants
The business, which has secured £110m in fixed-term financing, is to indirectly acquire the sites from its second largest franchise partner, through the acquisition of the Karali Group.
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NewsRedCat appoints new CEO
RedCat Pub Company has appointed Phil Birbeck as its new CEO after Chris Hill announced he was stepping down from the business.
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NewsMcDonald’s Restaurants see strong profit uplift
The UK business achieved profit after tax of £113m for the year to 31 December 2021, compared to a loss of £19m in 2020, with like-for-like sales up in 2022
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Analysis & Insight‘Being sustainable is an ongoing journey’
Both Nando’s and Rare Restaurants are working toward a target of becoming net zero by 2030, but the work doesn’t stop there, MCA’s Restaurant Conference heard
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NewsDes Gunewardena to leave D&D
D&D London’s chief executive Des Gunewardena is to step down from his role at the restaurant group, with co-founder, COO and deputy chairman, David Loewi appointed as interim CEO.
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NewsPub and restaurant groups see share value plummet
Escalating energy costs combined with the impact on the economy from the government’s mini-budget has sent share prices tumbling further down
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NewsFlat Iron appoints interim people director
Former Big Table Group HR director Claire Clarke joins the London restaurant group following a three-month stint as interim people director at Loungers
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NewsIncipio achieves ‘all-time high’ turnover
The bar group recorded turnover of £14.9m for the 52 weeks to 26 December 2021, compared to £6.3m in 2020, and remains commmited to expansion within Greater London
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NewsDowning acquires The Pub People Group
The investment manager has acquired the group and merged it with its existing investment in Autumn Pubs, with a view to expanding the combined business
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NewsJust Eat appoints former UK MD as CCO
Just Eat is to expand its management board, with its supervisory board having nominated Just Eat’s UK former MD Andrew Kenny to serve as chief commercial officer.
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NewsCreams launches partnership with Tesco
Creams Café has announced a partnership with Tesco, which will see it open dessert parlours within the footprint of two of its supermarkets.
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InterviewsShepherd Neame: ‘The ambition is there to scale our retail business’
Growth will come through a mixture of tenanted conversions and selective acquisitions, CEO Jonathan Neame has told MCA.
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NewsBrasserie Bar Co appoints group property director
Ed Little, formerly property director at RedCat Pub Company, will join the group on 5 October