All articles by Georgi Gyton – Page 46
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InterviewsRevolution: ‘Peach Pubs deal is paying off’
With its core Revolution Bars brand hit by the cost of living crisis, group CEO Rob Pitcher says the acquisition of Peach has opened up a whole new, wealthier, demographic to tap into
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NewsShake Shack UK operator sees losses widen
Diverse Dining, which operates the Shake Shack brand in the UK, saw sales up from £34.8m to £44.2m, but reported a loss of £4.6m for the year to 31 December 2022.
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Analysis & InsightUnder-25s spending more on eating and drinking out
Young people are spending 28% more in pubs and bars and 26% on eating out, than in 2022, according to Barclays’ new Evolving the Experience report
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![Kevin Georgel, Chief Executive[80]](https://d36hgjhwuw81py.cloudfront.net/Pictures/100x67/3/3/9/297339_kevingeorgelchiefexecutive80_668299.jpeg)
NewsSt Austell’s top line ‘in good health’
The group achieved a 34% increase in revenue in 2022, versus 2021, however the bottom line remained a challenge, chief executive Kevin Georgel says
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InterviewsBrakspear: ‘It’s tough, but we want to grow the business’
The pub company and brewer remains on the lookout for acquisition opportunities for its tenanted and managed estates, despite challenging bottom-line economics, CEO Tom Davies tells MCA.
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NewsRekom UK: ‘Our 200-site target might take longer to reach than planned’
The late-night operator is doubling-down on its cluster strategy, which will entail the closure of several single sites in some of the UK’s smaller towns and cities, chairman Peter Marks reveals
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NewsHeavenly Desserts and Itsu in brand collaboration
The business has secured the exclusive rights within the dessert cafe sector to feature Itsu’s recently launched bao buns on the menus of its 48-strong store estate, MD Yousif Aslam tells MCA.
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InterviewsPunch: Operator managed model makes us better at running pubs
The model is also providing a solution for “very talented” individuals who want to build a career in the sector, Punch CEO Clive Chesser told MCA’s Pub Conference
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NewsArc Inspirations appoints new CFO and marketing director
The bar group has appointed Ciara Allan as its CFO following the departure of Tim Knockton, while Laura Lewis has been promoted from her role as head of marketing
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Analysis & InsightCost of doing business must be addressed in fight against inflation
The ongoing high costs of doing business need to be “tackled with urgency”, Kate Nicholls, CEO of UKHospitality, has said
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NewsYO! to expand kiosk partnership with Tesco
The Japanese food brand opened its 300th site with the retailer this week, with a further 35 expected to open this year.
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NewsBoxpark’s new Boxhall concept gets green light
The approved proposals for the site in the Metropolitan Arcade building on Liverpool Street include 16 kitchen units, two internal bars, and a roof terrace.
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InterviewsJDW’s Tim Martin: ‘There’s no limit to price of pint’
Speaking to Andrew Marr on LBC, the chairman of the pub operator said that pints would “quite probably” go up to £8 and that even high prices were possible.
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Analysis & InsightMay like-for-likes up overall, but bar groups still struggling
Bars saw a drop despite overall like-for-like growth across managed restaurant, pub and bar groups, according to the Coffer CGA Tracker
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InterviewsMcDonald’s: ‘It’s not about innovation for the sake of it’
The global fast food chain’s Convenience of the Future programme has sought to improve the experience for staff as well as customers, with retention levels up as a result of its rollout, Alison Gillham, vice president, technology and change at McDonald’s UK & Ireland tells MCA
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Analysis & InsightSigns indicate food inflation could ease
Food and manufacturing production costs fell in Britain last month for the first time in seven years, according to the latest Lloyds Bank UK Sector Tracker.
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NewsHostmore makes non-exec appointment
Célia Pronto joins the TGI Fridays operator as an independent non-executive director. She also becomes a member of the audit and risk, nominations and remunerations committees
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NewsAzzurri Group acquires Mexican chain Boojum
The restaurant group has acquired a controlling interest in Ireland-based Mexican fast-casual dining chain Boojum, from Renatus Capital Partners, and plans to bring the brand to Great Britain
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Analysis & InsightDamage control: Righting the passage of TRG’s share price
Is The Restaurant Group’s new strategy a big enough catalyst to improve the position of its share price or is a more radical shake-up required? MCA reports
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Analysis & InsightDrinks sales saw double-digit growth in early June
Hot weather and major football matches helped drinks sales achieve double-digit growth in early June, according to CGA by NIQ’s latest Drinks Recovery Tracker data