All articles by Georgi Gyton – Page 89
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NewsGreggs sees huge growth opportunity from delivery
Greggs estimates it could achieve an additional £170m from delivery, as it targets £2.4bn turnover in the next five years.
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NewsPapa John’s expects to exit pandemic ‘stronger’
Papa John’s (GB) Limited achieved a 29.7% increase in turnover to £94.9m for the year to 27 December, as the pandemic had “minimal impact” on its business.
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NewsPM to reveal National Living Wage increase
Prime Minister Boris Johnson is expected to reveal a significant rise in the minimum wage within weeks, with an uplift in the pay of the lowest earners to about £9.42 an hour.
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NewsWales to introduce compulsory Covid passes for nightclubs
The Welsh parliament has voted in favour of introducing mandatory vaccination passports – by 28 votes to 27 – for entry to nightclubs.
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NewsGreggs: ‘Our multichannel approach is opening up greater site opportunities’
The development of Greggs into a truly multichannel brand is resulting in far greater site opportunities to aid its new target of opening around 150 net new shops a year from 2022.
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NewsOakman: ‘VAT rise is a risk taken too soon’
Hitting hospitality operators with an increase in VAT when they are still in the recovery period is “a risk that has probably been taken too soon”, according to Dermot King, chief executive, Oakman Group.
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NewsJW Lees returns to profit after restrictions relaxed
The family brewer and pub operator posted a £4.8m loss for the year, but it has become profitable again since restrictions were eased in the spring
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NewsCalls for permanently lower VAT rate
A collection of hospitality and tourism trade associations have come together to call on the government to implement a permanently lower rate of VAT in order to help sustain the recovery of the sectors.
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NewsOle & Steen: ‘We have taken the concept and rationalised it’
The requirement for larger sites has been replaced by a preference for smaller formats as the market shifts and eat-in sales decline, according to Lee Nixon, managing director, Ole & Steen.
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NewsGovernment’s Hospitality Council seeks to boost sector’s resilience
Nando’s, Greene King and The Restaurant Group are among operators joining a newly launched Hospitality Council, created by the Department for Business, Energy and Industrial Strategy.
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NewsSSP sees improvement in revenues in Q4
SSP Group expects to achieve revenues of around 47% of 2019 levels in the fourth quarter, ending 30 September 2021, as passenger numbers continue to rise.
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NewsScotland given grace period for Covid passports
Nightclub operators in Scotland have been given a two-week grace period to the introduction of vaccine passports, until 18 October, but there are warnings that challenges still remain.
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NewsFulham Shore sees trading surpass 2019 levels
Franco Manca and The Real Greek operator Fulham Shore has seen total revenues reach more than £39m for the half year to 26 September 2021, compared to £36m achieved in 2019.
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NewsComptoir believes long-term prospects look 'extremely positive’
The reduction in competition for premium sites is prompting Comptoir to expand its estate with new sites for its QSR brand Shawa as well as Comptoir Libanais
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NewsGail’s: ‘We’ve had a very successful 18 months’
Its strong neighbourhood presence and ability to adapt to new markets has seen Gail’s make the most of the opportunities that have come about from the pandemic, according to MD Marta Pogroszewska.
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Analysis & InsightConsumers prepared to spend more for experiences
With inflation on the up, and consumers still viewing pub menus as good value for money, operators should consider increasing their prices, sector leaders heard at a special Pub Conference roundtable.
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Analysis & InsightBrandwatch: Taco Bell
Since its re-entry into the UK market just over 10 years ago, Taco Bell has been steadily expanding across the UK. Georgi Gyton assess its progress and why it stands out from others in the QSR space.
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NewsCity Pub Group: ‘Thursday will be the new Friday’
The return to offices has led to a boost in City Pub Group’s London estate, but COO Toby Smith believes new working patterns will shift trade to different times of the week.
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NewsEG Group acquires portfolio of 52 KFC sites
EG Group has become the largest franchisee for the KFC brand in Western Europe, following the acquisition of 52 UK sites from Amsric Group.
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NewsOakman: ‘A lot of our growth will come from repurposed sites’
The challenges around acquiring large freehold pub sites in great market towns has led Oakman Inns to refocus its growth strategy.