All articles by Georgi Gyton – Page 6
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NewsButcombe Group delivers 9.8% growth in like-for-likes
Sales were up across all areas of the managed business, with drinks seeing the strongest lfl growth of +13% - boosted by the favourable weather, while food sales were up 8%, in the first half of the year
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NewsGreene King Pub Partners to invest £27m this year
It follows capital investment of £23m in both 2023 and 2024 and will fund internal and external refurbishments across its leased, tenanted and franchise pub estate in England and Scotland
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Analysis & InsightFrom pub sector darling to dismantlement – the story of Oakman’s unfolding
With an “inherently complex” funding structure, the pub and restaurant company founded by Peter Borg-Neal found itself with a limited ability to absorb trading shocks and generate sustainable profits
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Analysis & InsightConsumers planning to spend less on eating out
More than a third (39%) of consumers expect to spend less on eating out over the next 12 months, according to new data from PwC, with 14% stating they expect to spend more.
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InterviewsUpham Inns: ‘We have always aspired to grow the business’
The acquisition of 14 sites out of administration from Oakman doubles the size of the business overnight, but director Ian Dunstall is confident of a smooth integration process and is open to further opportunities
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NewsFive Guys secures £185m refinancing deal
The new debt agreement will provide financial headroom for the better burger chain until 2030, and will enable it to expand its estate, with a larger number of drive-thru restaurants understood to be part of the strategy, Sky News reports.
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NewsJD Wetherspoon achieves 5.1% uplift in like-for-likes
Chairman Tim Martin said sales volumes had recently overtaken pre-pandemic levels, and revealed plans to open 15 new managed pubs and a similar number of franchised sites in the next financial year.
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NewsMarta Pogroszewska steps into NED role at Gail’s owner Bread Holdings
The former Gail’s MD told MCA it was a ”pleasure and privilege to lead the team for nearly nine years” and that she looked forward to working with them in her new role
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NewsIndividual Restaurants remains committed to expansion plans
Chief executive Andrew Garton said the business was looking to grow further with the launch of new concepts, and entering new markets, both in the UK and internationally
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NewsCreative Restaurant Group appoints managing director
The Mischa Zelman-chaired restaurant group has promoted Milena Floyd from her role as operations director
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NewsJKS Restaurants sells stake in BAO
JKS Restaurants has sold its stake in BAO London, with Singaporean hospitality business The & Behold Group (TLBG) to support the brand in the next phase of its growth.
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InterviewsThe Alchemist: ‘We made some mistakes with Berlin’
The bar and restaurant business initially took the wrong approach from a people and culture perspective when opening its first international site, Hannah Plumb, talent and culture director at The Alchemist, shared at MCA’s Pub Conference
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Analysis & InsightThe growth of the third space: How pubs and restaurants can benefit from hybrid working
Coffee shops have traditionally been the go-to place for digital nomads with a desire for caffeine and community, but pubs and restaurants are developing ‘third spaces’ in their venues to capitalise on the number of hybrid workers. MCA takes a deeper look at the trend
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InterviewsChestnut Group: ‘We are looking to double the size of our business’
The East of England hospitality group is looking to increase its rate of expansion, as well as grow its burgeoning direct-to-consumer wholesale businesses, founder and managing director Philip Turner tells MCA
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InterviewsNightcap: ‘Last year was the hardest, but things are picking up’
In her 30 years’ experience in the hospitality sector, Nightcap CEO Sarah Willingham said 2024 was the hardest by far, but that the landscape for the late night bar group was now improving.
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InterviewsBrewhouse & Kitchen: ‘We have less people doing more and more hours’
The pub operator may have reduced its workforce through natural attrition, but the impact of April’s extra labour costs is inhibiting growth and new job creation, CEO Kris Gumbrell tells MCA
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NewsStar Pubs to roll out Just Add Talent loyalty card
The Heineken-owned business said that following a successful trial of its Pub Perks cards, the scheme would be rolled out to around 190 of its Just Add Talent pub operators.
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NewsPub bosses warn government over £1.7bn tax on business
The leaders of JW Wetherspoon, Fuller’s and Greene King have called for the “unfairness” in the business rates system to be rectified if further pub closures are to be avoided
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NewsDarwin & Wallace slowly seeing benefits of group structure
The Portobello Starboard-owned bar and restaurant business has closed two further sites since its year end, however improvements are being made under its new ownership structure
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NewsChestnut Group announces senior appointments as part of growth plan
Henry Fairbanks has been promoted from director of operations to director of acquisitions and wholesale, while Ollie Tresize joins the business as head of operations.