All articles by Georgi Gyton – Page 79
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NewsInn Collection in legals on four more sites
Following the acquisition of its Welsh site, in Snowdonia, the group will focus on growing its presence in the region, before exploring opportunities in the Peak District, MD Sean Donkin told MCA
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NewsSessions appoints former Brewdog director
Sessions has appointed Jack Anderson, former global retail growth director at BrewDog, as its new commercial director, as it looks to open 500 host kitchens across the UK
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NewsRevolution: ‘We are in a position to grow our estate again’
CEO Rob Pitcher told MCA the group has cash in the bank and five sites in negotiations
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NewsAnnouncement on restriction lifting expected today
Prime Minister Boris Johnson is expected to announce the removal coronavirus restrictions, in England, later today – with the exception of face masks.
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NewsSales dip reaches double-digits in December
London was hit hard, with sales down 19% within the M25 – more than twice the 8% drop seen outside the motorway marker, according to the latest Coffer CGA Business Tracker.
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NewsJDW like-for-likes down +15% in Q2
JD Wetherspoons chairman Tim Martin said the company would be loss-making in H1, but hoped that the end of restrictions would contribute to a much stronger second half
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NewsScotland to lift majority of Omicron restrictions
Social distancing in hospitality and leisure venues and the requirement for table service-only will be scrapped from 5am on 24 January, but the work from guidance remains
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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”