All articles by Georgi Gyton – Page 69
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Analysis & InsightAverage spend down 30% in December
Average spend per head declined by 30.7% in the four weeks to 26 December, according to Lumina’s Intelligence’s latest Eating and Drinking Out Panel data.
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NewsPoke House planning UK IPO
Italian poke restaurant chain Poke House is looking to list on the London markets as part of its plans to open 65 sites in the region over the next two years
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NewsMCA’s Food to Go Conference to return in March
This year’s conference features a stellar line up of speakers, including Itsu co-founder Julian Metcalfe, Leon MD Glenn Edwards and Caffè Nero CEO Will Stratton-Morris
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NewsInn Collection secures £42m from OakNorth
The new capital will be used to refurbish 13 of the Inn Collection Group’s existing sites and to support the continued development of its current property portfolio.
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NewsNew Year trading up for Brighton Pier Group
While trading was impacted during December, Brighton Pier Group achieved a 9% increase in sales at its bars over the New Year period.
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NewsHostmore sees December revenue down 8.3%
Despite continued uncertainty around Covid, the operator of Fridays and 63rd+1st said it was positive about the future, with its first QSR format site to open in March and many other sites in the pipeline
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NewsSA Brain poised for £100m pubs disposal
SA Brain is on the verge of signing a deal to sell 100 of its pubs to a consortium comprised of Song Capital and Cerberus Capital Management, according to Sky News.
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InterviewsGerry Ford: ‘A black cloud has been lifted from Caffè Nero’
“We were literally held hostage,” Gerry Ford said of the Issa brothers’ takeover bid, after Caffè Nero refinanced all of its debt, marking a new chapter for the group.
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Analysis & InsightPrices for quality freeholds up almost 10% in 2021
The average price of freehold freehouses increased by 9.5% last year, on H2 2020, according to Fleurets’ new survey of pub prices report 2021.
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NewsOperators welcome move to cut self-isolation period
The government’s decision to reduce the duration of self-isolation to five days is expected to significantly improve staff availability in the hospitality sector.
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NewsStar Pubs pledges further support for Scottish and Welsh pubs
Star Pubs & Bars is to offer a 30% rent reduction to all of its pubs on core leased and tenanted agreements in Scotland and Wales
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NewsM&B feels impact of Omicron on Christmas trading
Mitchells & Butlers has reported a total sales decline of 5.2% for the year to date as the impact of Omicron had a noticeable impact on festive trading.
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NewsAdmiral reports resilience performance for FY21
Admiral Taverns’ CEO Chris Jowsey said the pandemic and the UK government’s response to it “had a seismic impact on the hospitality sector”
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NewsPret to invest more than £9m in staff pay
Pret A Manger has announced that from April 2022, 85% of its team members will earn at least £10 per hour.
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NewsDishoom and Nando’s make Glassdoor’s best places to work list
Dishoom features in 12th position and Nando’s 34th in Glassdoor’s UK Top 50 list, based on the feedback of employees.
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NewsWhitbread sees F&B sales slide
Whitbread has reported a fall in total food and beverage sales of 11.1% during Q3 in a value pub and restaurant sector which “remains challenging”
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NewsJust Eat to continue significant investment in London
Just Eat Takeaway.com has said it will continue to invest heavily in its London network, as part of its plan to further improve profitability in that market in 2022.
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NewsScottish restrictions to continue for indoor hospitality
The requirement for table service and social distancing in hospitality venues in Scotland will remain in place until at least 24 January
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NewsUpham makes ‘strong headway’ on repositioning
Pub operator Upham Group has seen “positive indications” that its strategic refocus and development agenda is making a positive impact on its long-term business.
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Analysis & InsightDelivery platforms benefit from Omicron Christmas
The likes of Deliveroo, Just Eat and Uber Eats saw an increase in consumer spend over the festive period as consumers opted to eat at home, according to the latest data from Cardlytics.