All articles by Georgi Gyton – Page 79
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Analysis & InsightCity of London operators hit hard by homeworking
One in seven licensed businesses closed in the Square Mile between March 2020 and June 2022, according to data from AlixPartners and CGA, with similar numbers in Birmingham
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NewsPubs and restaurants warn of winter closures
The hospitality sector is pushing for a consumer-style price cap on energy as new contracts increase by more than 300% – with pubs and restaurants warning they may not survive without “urgent” government support
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NewsBrewDog shares first of ‘blueprint’ profits
The craft beer brewer and bar operator described the new rewards scheme as “setting the bar higher for hospitality workers everywhere” and said job applicants were up more than 75%
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NewsSmoky Boys lines up multiple franchise partners
The barbecue and grill haus operator has signed up seven new franchise partners as it looks to expand its business across the UK and internationally, co-founder Sharif Rahman told MCA
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NewsSoho Coffee launches new format
The business has launched Soho Piccolo – the first of its smaller format units – at Northampton Train Station, and sees opportunities for growth within travel hubs
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NewsWendy’s rolls back on UK growth targets
Wendy’s is now expecting to have 35 UK restaurants open by the end of 2022 – down from the 50 to 60 previously spoken about – but is still bullish about the market.
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NewsIndian street food concept Filli planning UK expansion
Filli – a chai and Indian street food business based in the UAE – is due to open a café in London later this month, and is planning 10 more UK sites in the next two years
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Analysis & InsightConsumer confidence saw boost last month
The two-point increase seen in July was the first rise on the index compiled by YouGov and the Centre for Economics and Business Research since November 2021
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NewsLord Wolfson steps down from Deliveroo board
The former CEO of Next was appointed as a non-executive director in January 2021 and had also joined the remuneration committee at the delivery company
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NewsSlim Chickens partners with Tesco Extra
Boparan Restaurant Group is to open its first Slim Chickens at the retailer’s Redditch superstore later this month
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NewsSSP secures Greggs franchise deal
The first shop to open under the deal is now trading at Derby Railway Station, with further units to open within existing SSP operated sites
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NewsTortilla to rebrand Chilango’s three City sites
The Mexican fast-casual chain has also announced it will be utilising the Chilango name as a virtual brand across the group’s delivery kitchens following its acquisition of the business in May
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Analysis & InsightHuge increase in hospitality businesses in ‘distress’
There are 70% more bars and restaurants in “critical financial distress” than at this point last year, according to insolvency and restructuring advisor Begbies Traynor.
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NewsRedCat acquires trio of South West pubs
The new additions to its estate include the famous Jamaica Inn in Cornwall, with the sites to operate as part of RedCat’s The Coaching Inn Group business
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Analysis & InsightFoodservice inflation reaches 11.5%
June recorded the fifth consecutive month of double-digit percentage inflation, with some categories seeing levels up +20%, according to the latest CGA by NielsenIQ Prestige Foodservice Price Index
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Analysis & InsightNearly two-thirds of top restaurant groups making loss
A record 64% of the UK’s top 100 restaurant companies are now making a loss, according to new research from accountancy group UHY Hacker Young.
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NewsHeart with Smart reduces losses by £28.5m
The franchise operator of Pizza Hut Restaurants and Itsu believes market fundamentals continue to be strong and is actively seeking additional brand partners alongside the acceleration of its openings strategy for Itsu
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NewsGovernment must act decisively, says UKH
The trade body has warned there will be further casualties in the sector as the impact of rising interest rates and energy prices start to bite
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NewsClean Kitchen appoints new MD
Thomas Foulser, former head of commercial and associate director at Inception Group, has joined the plant-based food company which launches a Seedrs crowdfund campaign next week
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Analysis & InsightBusiness leaders’ confidence plummets
Only 23% of business leaders are confident about the next 12 months for the overall hospitality sector, according to the latest CGA and Fourth Business Confidence Survey