All articles by Georgi Gyton – Page 66
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NewsOpenings of the week
MCA rounds up the biggest opening news this week, featuring Wagamama, M Restaurants, Inception Group and San Carlo Group
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NewsDishoom appoints new marketing director
Sara Stark has stepped down from her role as marketing and creative director after 11 years at the restaurant business, with former Just Eat marketing director Lucy Milne to replace her
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NewsRedCat Pub Company expands coaching inns portfolio
The pub investment vehicle, led by Rooney Anand, has acquired the Castle of Brecon hotel, for its subsidiary The Coaching Inn Group
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NewsKnoops announces 100 site target for UK
The chocolate-focused cafe business is looking to open 10-15 sites this year, as part of wider expansion plans, with its first central London site to open next week
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NewsBig Smoke Brew Co to extend airport reach
The Surrey-based brewer and pub operator is to open two new sites at Heathrow Airport this summer, in addition to a previously announced site at Luton airport.
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NewsFranchising to be core driver of Marston’s growth
The majority of its £1bn sales opportunity will come from repositioning its pub estate and franchise opportunities, including within its Brains estate, CEO Andrew Andrea said
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NewsFoodservice drives profits at EG Group
Gross profit within its Foodservice operations increased by 54% year-on-year, driven by the acquisitions of Leon and Cooplands last year and new openings
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Analysis & InsightElizabeth line: ‘Tottenham Court Road could become the centre of the West End’
The pandemic has led to an influx of day trippers to the capital and the opening of the Elizabeth line is set to amplify this. MCA assesses what the impact might be on F&B and which locations could flourish.
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NewsChopstix aiming for the century within a year
The Asian QSR brand, which earlier this week announced a partnership with Haven, has another five franchise partners lined up, MD Jon Lake told MCA
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NewsYoung’s appoints first retail director
Mark Loughborough, currently senior director of operations, will join the board on 30 September 2022
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Analysis & InsightM&B share price falls following H1 update
There was a mixed reaction from analysts following Mitchells & Butlers’ half year results statement yesterday, with the outlook on costs described as “bleak”
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InterviewsM&B: Browns could be the next Miller & Carter
If a trial Browns site in the suburbs is successful, the brand could be Mitchells & Butlers’ next growth vehicle, chief executive Phil Urban told MCA
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NewsPCA publishes new-style quarterly report
The new report gives a picture of progress over time and provides comparisons to the previous quarter and total for the year, with the number of open cases falling by 20 since the last quarter
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Analysis & InsightInflation hits 9% in April
The rise has predominately been driven by the increase in gas and electricity prices, with the restaurant and hotel sector contributing a 0.11 percentage point rise to the Consumer Prices Index
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NewsFood props up sliding drink sales at M&B
Mitchells & Butlers reported like-for-like growth of 1% in the 28 weeks to 9 April 2022, versus FY19, with encouraging signs of sales recovery in its city centre sites
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NewsChopstix partners with Haven
Chopstix has partnered with UK holiday operator Haven to open sites within its holiday parks.
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NewsDishoom announces Canary Wharf opening
Dishoom has announced it will be opening a new restaurant on Water Street in Wood Wharf later this year - its sixth site in the capital
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NewsGreggs ‘desperate’ to open more transport hubs
Roger Whiteside, who steps down as CEO later today, said even if numbers in London never return to normal, the capital would still be busier than anywhere else
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Analysis & InsightManaged operators see growth levels fall to +2%
While restaurant and bar sales grew last month, the dip in overall growth suggests the impact of inflation is trickling down to consumer spend, according to the latest Coffer CGA Business Tracker
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Analysis & InsightInflation edging closer to double figures
Figures from the Office for National Statistics, due to be published on Wednesday, are expected to show that inflation rose from 7% in March to 9.1% last month