All articles by Georgi Gyton – Page 82
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Analysis & InsightDelivery sales continue to fall from peak
Sales were down 29% in May 2022, versus the previous year, but still significantly up on 2019, according to the NielsenIQ & Slerp Hospitality at Home Tracker.
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NewsTasty repays bank loan early
The Wildwood operator has done away with its £1.25m facility with Barclays, and believes it is in a strong position to open five to six new sites in 2022, with one currently under offer
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NewsLate night sector significantly impact by strikes
This weeks’ rail strikes have had a “devasting effect” with trade up to 40%, according to the Night Time Industries Association
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NewsOpenings of the week
D&D London, JD Wetherspoon and Tim Hortons feature in MCA’s roundup of the latest openings news this week
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InterviewsHop Vietnamese: ‘We know it’s a scalable concept’
Following a capital raise and the appointment of new MD in Richard Franks, Hop founder Paul Hopper has the confidence to look “everywhere” for sites, he tells MCA.
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Analysis & InsightLondon restaurants exceed safe noise levels
More than half of restaurants in the capital were deemed to be too noisy to hold a conversation, according to a new survey by SoundPrint, while many exceeded the safe level for hearing
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NewsPret sees boost from office workers
Sales in the City and Canary Wharf were at 88% of pre-Covid levels in the week to 16 June – up 14ppts from the previous week, according to the latest Bloomberg Pret Index
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NewsRichard Franks named Hop MD
He will lead the business, alongside founder Paul Hopper, as it looks to open 20 sites across the capital over the next five years, following a £2.25m capital raise
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NewsTasty appoints Harald Samúelsson as exec director
Formerly an independent non-exec director, Samúelsson takes up his new role with immediate effect, with Wendy Dixon appointed as a new independent non-exec director
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InterviewsGSG Hospitality: ‘You’ve got to keep diversifying’
The group is pushing forward with the expansion of Bold Street Coffee, developing a new restaurant concept for The Plaza in Liverpool, and a retail offering, director Matt Farrell told MCA
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NewsGlobal gastro gaming concept to open in London
The Social Gaming Group is to open its first Oche site in the UK, on The Strand, next month.
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NewsRail strike could cost hospitality sector £540m in lost sales
The calculations are based on a 20% drop in sales, however the impact in central London is expected to be much greater, said UKHospitality
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NewsStarbucks franchisee to escalate expansion
The Magic Bean Co is looking to grow its 24-site business of drive-thrus to 200 sites across the UK over the next five years.
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NewsMegan’s to handout £5m staff bonus
Megan’s has set aside the bonus to reward staff members for their hard work and contribution to its Retailers’ Retailer Award win earlier this year.
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NewsDeliveroo appoints new CFO
Scilla Grimble is expected to start her role no later than June 2023, with Adam Miller stepping down from his role as CFO and director in September
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Analysis & InsightBeer increases share of drinks occasions
Consumption increased by 2ppts over the 12 weeks to 15 May 2022, according to Lumina Intelligence, with the shift in share driven by recent sporting events, such as the Euros, and the warmer weather
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Analysis & InsightConsumers reducing spend on eating out
More than half of consumers polled said they had eaten out less than usual (64%) or not got a takeaway (58%), in the previous week, according to a survey commissioned by the BBC.
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NewsPunch shows interest in Amber Taverns acquisition
Punch Pubs & Co is exploring a potential takeover of Blackpool-based pub company Amber Taverns, alongside interest from several other pub companies, Sky News has reported.
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NewsItsu planning 50 franchise sites in France
The Asian-inspired brand has signed a master franchise agreement with French restaurant empire Groupe Bertrand and appointed Nick Schapira as its director of international
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Analysis & Insight‘Operators need to emphasise value for money credentials’
An increasing number of consumers are aligning themselves to price-led values, according to Lumina Intelligence