All articles by Georgi Gyton – Page 43
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NewsUK economy grew in November
GDP rose by 0.1% on the previous month, according to the Office for National Statistics, boosted in part by a strong performance by pubs and bars during the FIFA World Cup in Qatar
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NewsAviary Hospitality partners with Daizun Investments
The South Coast-based group is looking to expand its brands Chicken & Blues and Flamingo Cafe Bar following the acquisition of James & White Group
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Analysis & InsightSustainable food trend helping in battle with food price inflation
The total proportion of dishes containing meat fell by -3ppts between 2019 and 2022, according to Lumina Intelligence’s Menu Tracker data
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NewsDishoom retains place on Glassdoor Best Places to Work list
The restaurant group was the only hospitality business to make the list, coming 40th with an overall score of 4.5
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NewsAwesome Chips eyes 50 UK sites
The new franchise operation is keen to build its current three sites into a nationwide business in addition to exploring opportunities elsewhere in Europe, founder Roni Dalal told MCA.
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News200 Degrees promotes FD to MD
The coffee shop operator has promoted Stephen Fern to managing director, taking over from co-owner and CEO Rob Darby.
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NewsChestnut Group strengthens finance team
The East Anglia pub group has appointed Garrath Fulford as its new chief financial officer and Ted Child as head of finance, as it continues its expansion.
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Analysis & InsightSales prices up but transactions down for pubs
The average freehold sale price of pubs increased by 54.6% to £710,978 in 2022, as the quality of sites increased, according to Fleurets’ new Survey of Pub Prices.
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NewsNightcap sees strong half-year sales growth
Nightcap has announced a strong period of trading over the festive period, with like-for-like revenue up 27.6% in December
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NewsCity Pub makes first CMO appointment
Richard Myers joins the group from Urban Pubs & Bars as it gears up for its next phase of growth.
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NewsRedCat: ‘Headwinds will create opportunities for us to grow’
The pub investment company, led by Rooney Anand, achieved adjusted group EBITDA of £7.2m, with a net loss after tax of £5.4m in its first full financial year
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NewsDame Karen Jones appointed as Whitbread non-exec
Winner of MCA’s Retailers’ Retailer of the Year in 2022, Jones joins Whitbread’s board and remuneration committee
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NewsGlendola Leisure: ‘We are in good shape’
The 17-strong operator has worked to rationalise its business and is now ready to take advantage of growth opportunities, MD Alex Salussolia tells MCA
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NewsFridays revamps loyalty scheme
Customers can now win ‘stripes’ on all menu items, which they can then redeem on food and drink, in a bid to reward customer behaviour rather than simply spend.
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Analysis & InsightSpending boosted by Christmas parties and World Cup
Pubs, bars and clubs saw card spend up 12.6% in December – the biggest uplift since May 2022, despite the impact of the rail strikes, found the latest monthly data from Barclays
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NewsBrewhouse sees festive like-for-like sales up 15%
The brewpub group attributed to the growth, not just to it being the first Covid restriction free Christmas since 2019, but also the strength of its festive offer and hard work of its teams.
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NewsGiggling Squid has ‘most profitable year since inception’
The group reported turnover for the 52 weeks to April 2022 of £65.9m, up 94.4% on 2021, with seven new restaurants having opened during the period
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InterviewsJW Lees: ‘The cost of electricity is devastating our business’
William Lees-Jones, MD at the North West brewer, speaks to MCA about festive trading and his optimism despite a challenging year ahead
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Analysis & InsightTop 100 restaurant businesses return to profit
Based on company accounts filed as of 30 September 2022, leading businesses made a combined profit of £19.9m, up from a loss of £673m as at Q3 2021, according to UHY Hacker Young
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Analysis & InsightLandlords seeing merits of experiential venues
People want something extra and truly memorable from a night out, with experiential venues gaining more kudos, according to Toby Harris, chief executive, State of Play.