All articles by Georgi Gyton – Page 9
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Analysis & InsightPret increases prices by up to 18%
The price of an all-butter croissant at Pret’s station sites has increased by 18.2%, for example, however price increases at its high street sites have been less steep, it has been reported
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Analysis & InsightConsumers opting to cook at home over restaurant meal
A fifth of consumers are even avoiding social plans that involve eating out, in order to save money, the latest Barclays card spending data has found.
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NewsPizzaExpress appoints COO
Lawrence Harvey will lead operations across all 350-plus restaurants in the UK and Ireland and report to CEO Paula MacKenzie
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NewsOpenings of the week
MCA rounds up the biggest openings stories of the week, featuring Dishoom, Wagamama, Bundobust and more
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Analysis & InsightFulham Shore: ‘Too tempting an offer to refuse’
The cash offer on the table may not price in Fulham Shore’s full potential, but the acquisition by Toridoll represents a good deal at a time when the restaurant sector is not yet back to full strength
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NewsBurger & Sauce signs five new franchisees
The business is looking to expand from its Birmingham base to Sheffield and Liverpool through its new franchise partners
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Analysis & InsightUK leading Europe’s coffee shop outlet growth
The UK coffee shop market grew 4.4% over the last 12 months to reach 9,885 outlets, compared to overall European market growth of 3.3%, according to a new World Coffee Portal report.
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NewsWahaca focused on recovering restaurant volumes
The Mexican restaurant group recorded net profit before tax of £3m in the year to 26 June 2022 and said love for the brand remained strong.
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NewsOakman benefiting from Chef Academy
The group said it now has the necessary employee resources to continue its growth plans thanks to the development of its Academy, with a Level 2 course due to launch later this spring.
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NewsPrezzo posts significant loss despite strong H2 performance
The Italian restaurant brand recorded a total statutory loss for the year to 2 January 2022 of £22.4m, but said that it had returned to profitability in the second half of the period
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NewsNew Pub Partners MD at Greene King
Dan Robinson will hold overall responsibility for Greene King’s leased, tenanted and franchise business unit, with Wayne Shurvinton appointed to a new role as partnership and ventures MD
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NewsManaged and operator-led sites lead growth for Stonegate
The group’s leased and tenanted arm continued to see negative like-for-like growth last year but Stonegate saw a strong performance from its Craft Union business and managed division.
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InterviewsRekom UK: ‘We are focused on expanding our party bar estate’
With fewer opportunities for large nightclub sites and a strong existing portfolio, Rekom is looking to drive future growth through its pub and bar venues, chairman Peter Marks told MCA.
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NewsRekom posts strong revenue growth
The UK arm of the business is currently the group’s strongest performing division, achieving EBITDA of £18.4m in 2022
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NewsItsu launches first hot food-only restaurant
The site in Regent’s Place will be solely focused on hot dishes, with no sushi on the menu, and will be the first of several sites to open in the new format this year
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NewsChopstix targeting 30 new sites and £65m revenue this year
The forecast uplift in revenue would equate to a 40% rise versus FY22, with the Asian QSR group targeting sales of more than £90m over the next financial year.
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NewsUber Eats to delist some virtual restaurants
The delivery company is looking to reduce the number of virtual restaurants and their physical counterparts listing replica menus as well as improve the quality of its listings.
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Analysis & InsightLunch sees largest day-part share rise
Lunch now makes up 26.6% of all occasions, compared to dinner occasions at 29% and breakfast at 3.7%, according to Lumina Intelligence’s new Eating and Drinking Out Panel Quarterly report.
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NewsHospitality Rising campaign reaches more than 5.5m
Social media has been widely utilised as part of the campaign, with TikTok content alone having generated 13.5m impressions so far, reaching 2.1 million young people.
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NewsUKHospitality: ‘It’s inevitable that menu prices will rise again’
Responding to the interest rate rise, CEO Kate Nicholls said tackling the main drivers of inflation would help stem further increases