All articles by Georgi Gyton – Page 95
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NewsBrewDog has 40-strong pipeline in place
BrewDog has pressed go on its openings pipeline with 40 bar locations already in place, president and COO David McDowall has told MCA.
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Analysis & InsightMixed reactions from analysts on Domino’s update
Domino’s like-for-like (lfl) sales and order growth in Q1 has been met with a mixed reaction from analysts.
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NewsAdnams reports £3.7m operating loss
Brewer, pub operator and retailer Adnams saw sales down for the 12 months to 31 December, from £74.7m in 2019, to £50.6m in 2020. The company posted a £3.7m operating loss, compared to profit of £719k for the same period last year.
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NewsIndian restaurant Pataka planning to roll out concept
Recently launched Indian restaurant business Pataka is looking to roll out the concept across London with three additional openings already lined up.
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NewsWelsh government brings forward date for reopening
The Welsh government has brought forward the proposed date that hospitality can reopen for indoor dining to 17 May – at least a week earlier than had previously been expected.
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NewsFulham Shore presented with new sites on almost daily basis
Fulham Shore is continuing on its search for new locations for both its Franco Manca and The Real Greek businesses and is being presented with “excellent potential retail locations, almost on a daily basis”.
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NewsCalls for adoption of Australian rent relief model
A group of hospitality operators and property agents are calling on the government to implement the same rent relief scheme as has been adopted in Australia.
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NewsShepherd Neame: Cash burn ‘less extreme’ as brewery picks up slack
Profit might not be the most important metric for success for Jonathan Neame at the moment. The next 12 months is all about getting the business firing again, getting the teams back and welcoming customers back.
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NewsShepherd Neame swings to loss
Shepherd Neame has reported a fall in turnover to £55.3m for the six months to 26 December 2020, from £79m for the comparable to the first half of 2020.
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NewsHospitality employment ‘disproportionately hit’ by pandemic
The hospitality sector has 355,000 fewer employees in March 2021, than one year previously – 43% of the total decline in paid employees, according to the most recent data from the Office for National Statistics (ONS).
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NewsTen Entertainment names new chairman
Ten Entertainment Group has appointed Adam Bellamy as non-executive chairman. He will take up the role from the date of the group’s AGM on 5 May 2021.
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NewsHospitality battles over insurance pay outs in court
Several high-profile hospitality groups, including Corbin & King and Black & White Hospitality, are turning to the courts in order to escalate long-running battles over pay-outs from business interruption insurance schemes, the Financial Times has reported.
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NewsSpend well ahead of post-lockdown last year
Hospitality venues which reopened in England last week enjoyed a stronger bounce in sales than they did when coming out of the first national lockdown last July, with sales up 45% on a like-for-like basis for the first week of trading, according to the latest data from CGA.
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NewsHickory’s secures 13th site
Hickory’s Smokehouse has secured its 13th site – the former Marston’s pub in Nuthall, Nottinghamshire.
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InterviewsNWTC: ‘Our stall is set, ready to grow’
New World Trading Company (NWTC), has used the closure periods during the pandemic to “pause, and reflect”, in order to “set our stall out ready for the business to grow”, COO Natasha Waterfield has said.
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InterviewsThunderbird: ‘It won’t get any better for delivery’
The last three months are “as good as it’s going to be” for delivery and dark kitchens, believes Thunderbird CEO Paul Gilchrist.
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NewsStaff shortages an ‘emerging problem’
Between 15-20% of hospitality staff are either declining, or are currently unable, to return to their existing roles as restrictions are lifted, according to UKHospitality’s recent surveys of its members.
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NewsKate Nicholls: ‘We have to view the first week back positively’
The reopening of outside spaces last week has to be viewed in a positive light, and as “a marker on the roadmap to recovery”, said Kate Nicholls, chief executive, UKHospitality.
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NewsUpham keen to impress investors following turnaround plan
Upham Group has said it is a strong financial position following the take-up of support offered during the pandemic, including a £1.4m CBIL, and a restructure of its operations, and keen to impress its investors.
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NewsFive Guys: ‘Delivery is here to stay’
Future demand for delivery may be hard to predict but the market is not going to go away, Five Guys UK chief executive John Eckert has told MCA.