All articles by Georgi Gyton – Page 7
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News
Openings of the week
Arc Inspirations, Fat Hippo, Sticks ‘n’ Sushi and the reopning of the Bellanger are among the top stories this week
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Analysis & Insight
London sees footfall bounce back
London has improved its standings in the latest Top Cities table from CGA by NIQ and Wireless Social, following a bounce back in office workers and visitors to the capital over the first quarter of 2023
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News
Price of fish and chip takeaway up by a fifth
The average cost of the popular takeaway dish is now £9, with the price of oil, potatoes and battered fish having rocketed over the past 12 months
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News
KFC UK & Ireland grows share of sales
Yum! Brands’ UK KFC business now accounts for 7% of all systemwide KFC sales - up 5% in the first quarter ended 31 March 2023.
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Interviews
Tossed: ‘London isn’t back to where it used to be’
With the capital’s secondary streets still relatively quiet, Tossed MD Neil Sebba tells MCA that location is everything, even if that means new sites are more expensive to acquire
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News
Domino’s achieves strong like-for-like growth
The pizza delivery business reported like-for-like sales growth of 10.7% for Q1 2023, excluding the change in the VAT rate, with momentum continuing in the second quarter. On the back of continued confidence it has announced a new £20m share buyback programme.
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News
NQ64 secures £10m facility for share buyback and expansion
The arcade bar operator has secured support from alternative lender ThinCats to buyback Imbiba’s minority shareholding
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News
Black Sheep Coffee planning 70 new openings over next year
The coffee shop business has been expanding its franchise business, with upcoming openings at UK airports and achieved positive adjusted-EBITDA for Q1 in 2023
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News
Restaurant Brands International reports strong global sales growth
The Canadian-based restaurant group, which operates Burger King, Tim Hortons, Popeyes and Firehouse Subs, reported global like-for-like sales were up 10.3% in Q1 2023
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News
Hostmore looking to capitalise on heritage of TGI Fridays
The group is looking to drive sales in its core restaurant estate by tapping into the strong awareness of the TGI Fridays brand – which it is bringing back – as well as a focus on boosting drinks revenue
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News
Hostmore appoints McEwan as permanent CEO
Julie McEwan took up the post of interim CEO on 10 January 2023, after former CEO Robert Cook stepped down from the role.
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News
Restaurant Group reports ‘encouraging trading’
Like-for-like sales at Wagamama were up 2% for the 13 weeks to 2 April 2023 but down 4% with its Leisure division, with the group to accelerate its previously announced rationalisation programme
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News
Liberation Group sees strong start to year
The group reported sales in its UK managed pub estate were up 4.7%, for the 12 weeks to 22 April 2023, with Cirrus Inns now successfully integrated into its Butcombe Pubs and Inns business
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Interviews
Star Pubs & Bars: ‘We are focused on premiumising the local pub experience’
The pub company is focused on enhancing the experience at its pubs in order to drive spend and appeal to a broader base of customers, Star Pubs’ property director Chris Moore told MCA.
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News
Hostmore reports significant loss for FY22
The group, which operates Fridays, 63rd+1st and Fridays and Go, recorded a loss of £91.9m for the 52 weeks to 1 January 2023, compared to a profit of £11m the prior year.
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News
Greene King achieves +60% increase in group revenue for FY22
The pub company and brewer reported adjusted operating profit of £192.6m for the 52 weeks to 1 January 2023, compared to £18.6m the prior year, with the new financial year to be one of continued investment
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News
Heineken to invest £40m in pub upgrades
Around 570 sites in the Star Pubs & Bars estate are due to benefit from investment, with a key focus on its neightbourhood locals as more pubgoers are choosing to visit a pub that is closer to home
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Analysis & Insight
‘Retaining low-ticket credentials is key to survival of food to go sector’
There has been a 3ppt increase in food to go consumers identifying as being ‘very value led’ year-on-year, according to Lumina Intelligence
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News
Punch partners with Eden Project
The pub company has partnered with the Eden Project as part of a pledge to reduce its carbon footprint and increase biodiversity across its estate by enhancing its pub gardens
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News
Mowgli enjoys ‘strong year’ with significant revenue rise
The Indian street food restaurant group, founded by Nisha Katona, saw revenue up 214%, to £26.9m, in the full year to 31 July 2022