All articles by Georgi Gyton – Page 90
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NewsTasty sees losses reduce as summer trade boosts balance sheet
Tasty said it now had “a viable platform” on which to build a successful business following support from creditors, landlords and government, as it reported a +33% uplift in revenue for the half year to 27 June 2021.
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NewsAzzurri: ‘Coco di Mama has become omnichannel’
Coco Di Mama has gone from being a central London bricks and mortar business to having a nationwide proposition, with licensing and franching opportunities in play. And it’s all down to the pandemic.
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NewsPatisserie Valerie auditor found to have ‘serious lack of competence’
Accountancy firm Grant Thornton has been fined more than £2.3m over numerous failings in the audits of Patisserie Valerie.
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NewsCity Pub Group: ‘We are back on the acquisition trail’
The group is open to repurposing venues as part of its plans to break the 100-site mark, with several new locations in the pipeline, including a cider brew pub in Bath.
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NewsInception Group: ‘We need to give people a reason to leave their sofas’
Late night venues need to offer an experience that cannot be replicated at home, Charlie Gilkes, co-founder of Inception Group has told MCA’s Pub Conference.
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NewsGovernment strikes CO2 deal to avoid food industry crisis
Production will restart at one of Britain’s biggest carbon dioxide producing plants after a deal was struck with government in order to avoid a food industry crisis.
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NewsNightclub definition will capture swatches of Scottish late-night venues
First Minister Nicola Sturgeon’s definition of a nightclub, in relation to the introduction of vaccine passports, will capture swatches of Scotland’s nighttime economy, UKHospitality Scotland has warned.
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NewsTen Entertainment sees most successful trading period in history
Ten Entertainment Group has said it has experienced like-for-like sales growth of 42% in the 11 weeks since 27 June, with footfall growth resulting in the group’s most successful trading period in its history.
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NewsUberEats: ‘Pubs are well positioned for changing delivery trends’
UberEats’ Sunjiv Shah says delivery has turned from a once in a while treat into habitual behaviour, with the market reaching a value of £11bn last year.
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NewsMark Crowther: ‘There is bundles of equity out there for pubs’
There are plenty of opportunities for growth and investment in the pub sector, with “bundles of equity” available, according to Mark Crowther, chairman and investor at both Portobello Brewery and Curious Brewery.
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NewsFamily brewers: ‘They have longevity and resilience in their DNA’
Family brewers’ ability to adapt, and their position in local communities, has held them in good stead during the pandemic, and will aid their recovery, according to Emma McClarkin, chief executive, British Beer & Pub Association (BBPA).
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NewsDelivery and takeaway sales treble in August
Delivery and takeaway sales at managed restaurants and pub groups were close to treble their pre-pandemic levels in August, according to the latest CGA & Slerp Hospitality at Home Tracker.
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NewsPoke House to rebrand Ahi Poke sites as part of UK expansion
Italian poke chain Poke House is to refurbish and rebrand all five of the Ahi Poke sites it acquired in April this year as it looks to increase its brand presence in London.
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NewsA third of hospitality business struggling with recruitment
Around a third (30%) of hospitality businesses have reported that job vacancies are harder to fill than normal, with the sector more than twice as likely to be suffering shortages than other industries, according to a report from the Office for National Statistics (ONS).
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NewsSnapshot: Poke House launches in the UK
European poke bowl chain Poke House has opened its first UK restaurant in London’s Notting Hill and is planning to expand further across the capital before pushing out nationwide.
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NewsGovernment revises border control timetable
The government has revised the timetable for the introduction of full import controls for goods being imported from the EU, in the wake of significant supply chain disruption following Brexit and the impact of the pandemic.
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NewsConcerns raised over government’s Plan B Covid measures
The hospitality sector has voiced its concerns over several of the government’s Plan B measures in its autumn and winter Covid plan – namely mandating working from home and the introduction of vaccine passports for crowded indoor venues.
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NewsBain Capital acquires Gail’s owner Bread Holdings in £200m deal
Bain Capital Credit, in partnership with EBITDA Investments, has acquired Bread Holdings – parent company of the Gail’s Bakery chain and wholesale business The Bread Factory – from Risk Capital Partners (RCP) in a deal worth more than £200m.
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NewsHybrid working could boost number of workers in the City
The number of office workers in the City of London could be boosted by up to 100,000 people, with the shift to flexible working expected to boost the number of firms with urban office hubs, according to KPMG.
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NewsOperators urged to back National Hospitality Day
Pubs, bars and restaurants are being encouraged to get behind the first annual iteration of National Hospitality Day on Saturday 18 September.