All articles by Georgi Gyton – Page 44
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NewsVaulkhard Group appoints new FD
Craig Bell has joined the North East leisure group having previously served as interim FD at Popeyes and FD at Red’s True Barbecue.
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NewsShaftesbury and Capco merger due to complete next month
The merger between the two British landowners in London has been given the green light by the Competition and Markets Authority
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NewsUK inflation could return to 2% from autumn
Economists have revised down their predictions for UK inflation, with Citigroup forecasting that consumer price growth could fall below the Bank of England’s spring target by this autumn
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NewsWells & Co targeting £15m EBITDA by 2028
The independent brewer and pub operator reported an 81% increase in revenue from continuing operations, to £55.2m, for the year ended 2 October 2022.
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NewsMexican chain Zambrero receives £143m in funding
The minority stake taken by Metric Capital Partners will help fuel the restaurant group’s ambitions to open a further 25 sites in Britain and Ireland this year.
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NewsPret revamps iced drinks range
The food to go retailer will launch the new range in April in what it describes as its biggest drinks innovation in more than five years, replacing its current range of frappes and smoothies.
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NewsTime Out shelves plans for Spitalfields market
Tower Hamlets Development Committee deferred its decision on Time Out Group’s planning application despite it being recommended by planning officers
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Analysis & InsightHospitality M&A deals at five-year high
The volume of corporate deals within the food and beverage services sector reached 160 last year – the highest level since 2018, new data has found.
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NewsHeavitree returns to profit despite cost headwinds
The Devon-based pub company and brewer said it had achieved a “satisfactory performance” in the face of cost pressures which have included multiple wholesale beer price increases.
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NewsNew rail strike dates announced
The RMT has announced that industrial action will take place on 16, 18 and 30 March and 1 April, with overtime bans to also disrupt services across those two months.
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NewsStonegate launches Pub Partners platform as part of £10m investment
The new platform will offer publicans ideas and advice on how to grow sales, reduce operating costs and run a successful business.
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NewsTasty CFO to step down
Mayuri Vachhani is to step down from her role and leave the restaurant group on 31 March 2023 in order to pursue other opportunities, with Ian Davies appointed as her replacement.
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Analysis & InsightFood to go market forecast to grow by 4.1% in 2023
The UK food to go market is expected to see its strongest outlet growth since before the pandemic this year, with a net gain of 1,397 sites, according to a new Lumina Intelligence report
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NewsHedge fund calls on TRG to restore market confidence
The Restaurant Group said it welcomed constructive feedback from all shareholders but disputes claims about performance and the level of Oasis Management Company’s shareholding in the business
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NewsOnline talent platform secures £29m in funding
Brigad raised a Series B round, led by Balderton Capital, in order to accelerate its growth in the hospitality sector across the UK and Continental Europe.
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NewsInflation: ‘Venues are squeezing every last drop out of margins’
Price rises continue to significantly hinger hospitality businesses, despite UK inflation falling for the third month in a row
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NewsBAO: ‘Our app is a digital version of our universe’
The Taiwanese restaurant group is hoping to close the data loop in its business with its new app which is designed to gamify the loyalty experience, delegates at Hostech heard.
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NewsHospitality faces ‘incredibly challenging’ recruitment landscape
Vacancy rates in the sector are still 72% higher than they were pre-pandemic according to the latest data from the ONS
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NewsBoparan: ‘We are looking at new ways to use robots’
The restaurant group currently has robots on trial at two Slim Chickens but is looking at ways it could expand their use to other sites and to carry out a wider range of tasks, Hostech delegates heard
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NewsCity centre footfall bounces back after rail strikes
Footfall in Britain’s city centres came back strongly last week, following several days of rail strikes in the first week of February, new Springboard data has found