All articles by Georgi Gyton – Page 81
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NewsRedCat appoints former Honest Burgers FD to finance role
Rooney Anand’s pub investment vehicle RedCat Pub Company has appointed Dave Foulis as corporate finance director.
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NewsThe Real Greek heads north
Fulham Shore is to open its first The Real Greek restaurant in the north of England, in Manchester later this month.
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NewsShu sells Deliveroo shares to foot tax bill
Deliveroo’s co-founder and chief executive Will Shu has sold £47m of shares in the delivery company in order to meet his tax liabilities.
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NewsFlight Club: ‘We have bounced back very strongly’
Flight Club Darts has seen “a significant and sustained” increase in trading since 19 July and has a strong pipeline of sites for 2022.
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NewsEG Group delivers uplift in foodservice profit
The Issa brothers-led business, which acquired Leon in April this year, said that its foodservice operations showed “significant strength”, with gross profit up 36% on a like-for-like basis
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NewsPret signs up two further UK franchisees
Dallas Holdings and K&Z Group are to join Pret’s growing base of franchise partners as it looks to double the size of the business over the next five years.
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NewsLoungers sees lfls up +23% since May reopening
Revenue has almost doubled in the 24 weeks to 3 October 2021, to £102.4m, compared to 2020 figures, with Loungers continuing to outperform the market.
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Analysis & InsightSignalling interest - could a sale of Punch be on the cards?
Could a sale of Punch be on the cards? With Fortress Investment Group reported to be in the running, MCA takes a look at what the deal could mean for Punch and the wider pub market
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Analysis & InsightPan-Asian dishes becoming more mainstream
Pan-Asian dishes now make up 2.9% of all main dishes on chain restaurant menus, up from 2.4% in spring/summer 2019, according to Lumina Intelligence’s latest Menu Tracker analysis.
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NewsItsu partners with Autogrill for Brussels opening
The new restaurant, which opens today, will be the first to be located in an international travel hub in mainland Europe
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NewsLiberation among pubs forced to swap expensive ingredients
Hake and sirloin steak are among the ingredients seeing such large inflationary price increases that menu swaps are on the cards
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NewsGail’s sees turnover drop, but expansion continues
Gail’s saw turnover decline from £61m in 2020 to £57m for the 52 weeks to 28 February 2021, despite opening five new retail bakeries over the course of the year.
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NewsNTIA: ‘The late-night sector is still extremely fragile’
The Night Time Industries Association welcomed the government’s decision not to impose additional restrictions on hospitality settings in the wake of the new Omicron variant.
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NewsSSP names new group CEO
SSP has appointed current Greencore chief executive Patrick Coveney, as group CEO.
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NewsArc Inspirations sees sales up +40%
Bar group Arc Inspirations has achieved a total sales increase of 42% since restrictions were lifted on 19 July, compared to the same period in 2019.
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InterviewsM&B: ‘There is a lot of scope to expand our delivery offer’
Mitchells & Butlers has explored the launch of virtual brands, but for CEO Phil Urban, “the value will be in the known brands”
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NewsTRG likely to drop out of FTSE 250
The Restaurant Group is still struggling to regain its pre-pandemic form, according to analyst Hargreaves Lansdown
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NewsNando’s see losses more than double
Nando’s has reported a 39% drop in sales due to trading restrictions with pre-tax losses more than doubling to £240m and trading still mixed.
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NewsWendy’s to accelerate UK expansion
The fast-food chain has increased its target openings in the UK to 50 in 2022 - up from the 10 originally proposed.
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NewsM&B returns to profit
Mitchells & Butlers has seen a return to profit and cash generation following the lifting of restrictions in July, despite a like-for-like sales decline of 9.6% in the full year to 25 September 2021.