All articles by Georgi Gyton – Page 97
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NewsYO! owner bolsters advisor line-up in advance of £750m IPO
Barclays, Peel Hunt and Jefferies are now working with the group, with March or April earmarked as possible dates to announce its intention to float, Sky New reports
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NewsTim Hortons lines up four new drive-thrus
Until now much of the Canadian QSR brand’s expansion has taken place in Scotland, Northern Ireland and the North of England, but the focus is now on extending out to other regions
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Analysis & InsightRevolution in strong position to ramp up expansion
Strong like-for-like sales in restriction free trading periods coupled with less competition in the late night sector puts Revolution in a favourable position, analyst Peel Hunt believes
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NewsDelivery market expected to reach £13.3bn this year
The UK foodservice delivery market is expected to continue on the growth trajectory seen over the course of the pandemic, according to Lumina Intelligence.
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NewsBurden of property tax must be addressed
UKHospitality is calling on the government to address the “unfair burden” of property tax on the hospitality sector as it recovers from the pandemic
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NewsKFC appoints new marketing director
Richard Hall, currently head of value, membership and loyalty at Tesco, will take up his new role at KFC UK & Ireland in March
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NewsScotland ‘moving in the right direction’
The news that Scotland will do away with vaccine passports next week has been welcomed but there has been disappointment that other restrictions remain in place
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InterviewsState of Play: ‘We are seeing a really strong comeback’
Both corporate and social groups have been flocking back to its competitive socialising venues, chief executive Toby Harris told MCA
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NewsCaffè Nero sales reach +90% of pre-Covid levels
The group achieved sales of £135.7m in the six months to November 2021 – an increase of 211% on the same period in 2020, with trade having strengthened further
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NewsState of Play back with a Bounce
The competitive socialising operator is to open its first Bounce site in seven years, and has appointed a new development director to oversee the group’s growth in the UK
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Analysis & InsightChain restaurant dish counts down by a fifth
Menus contained an average of 64 dishes in 2021, compared to two years previously – the steepest decline in the total eating and drinking out market, according to Lumina Intelligence
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NewsSupport measures needed to aid ‘living with Covid’
UKHospitality has said there are five key support measures needed from government to support the sector to rebuild and recover, and to instil confidence in consumers
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NewsNightcap pushes ahead with growth plan
Nightcap has lined up its next two openings, in Exeter and Cardiff, with another 24 sites currently in legals or under offer, as it continues to see favourable conditions in the property market
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NewsFood inflation reaches 3.5%
Year-on-year inflation in the foodservice sector reached 3.5% in December 2021, with further rises expected to come, according to the latest CGA Prestige Foodservice Price Index.
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NewsDelivery and takeaway sales see further increases
Home delivery and takeaway sales through restaurant and pub groups were up 138% in January 2022 compared to 2019, according to the latest CGA & Slerp Hospitality at Home Tracker.
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NewsKFC: ‘We are still seeing huge demand for dine-in’
“Huge demand” for dine-in restaurants from both existing and new customers has been a key factor in KFC UK & Ireland’s ambitious new opening target, managing director Paula MacKenzie tells MCA
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Analysis & InsightSustainability a key factor in ordering decisions
Deliveroo’s Share of Stomach found 61% think carefully about where their food comes from, while awareness about health and nutrition is also a high priority
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NewsWagamama launches new lunchtime delivery concept
BOX is a new lunchtime delivery concept designed for the hybrid worker and will be available across London and Leeds
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NewsSalt Yard and Bababoom to join Westfield line-up
Unibail-Rodamco-Westfield signed over 50 new occupiers across its two London sites in 2021, almost half of which were in the hospitality and competitive socialising sectors
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NewsHeineken to increase price of beer
Increasing cost pressures have prompted the manufacturer of brands including Birra Moretti and Desperados to put up the price of its beers