All Mitchells & Butlers articles – Page 3
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NewsM&B outperforms market in Q4
Like-for-like sales were up 9.7% in the fourth quarter, driven by sustained growth in food and drink volumes
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NewsM&B achieves 8.9% rise in like-for-likes
Against 2019, year-to-date like-for-like sales at M&B were up 10.0%, with growth driven by spend-per-head
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NewsM&B ‘can act like a private equity co’
Mitchells & Butlers chairman Bob Ivell told MCA’s Pub Conference that the 57% ownership by Odyzean enables the managed pub and restaurant company to act with a more long-term approach than its public-listed peers
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NewsM&B launches new flexible working app
Called M&B Flexible, the app will offer potential new team members the chance to choose their working hours, role type and venue they’d like to work in.
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InterviewsM&B: ‘We are very optimistic about the second-half’
With a stronger first half than expected, record high guest scores and cost pressures starting to ease, CEO Phil Urban tells MCA he’s feeling very positive about the future
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NewsMitchells & Butlers reports strong half-year growth
The pub and restaurant group reported like-for-like sales growth of 8.5% for the 28 weeks ended 8 April 2023, and profit before tax of £40m.
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InterviewsEgo Restaurants: ‘The runway just got a lot bigger’
With Mitchells & Butlers acquiring the remaining 60% stake in the chain, Ego now has the balance sheet to accelerate expansion, CEO James Horler tells MCA
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NewsMitchells & Butlers to acquire remaining stake in Ego Restaurants
M&B, which took a 40% stake in Ego Restaurants in 2018, plans to expand the Mediterranean-themed pub and restaurant chain nationwide
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InterviewsBrewDog: ‘Flexible working gives us the ability to react quickly’
App-driven, flexible working has benefited employees as well as businesses in plugging labour gaps, MCA’s Hostech conference heard
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NewsMitchells & Butlers sees festive trading up on pre-pandemic levels
The Harvester and All Bar One operator saw like-for-like sales up by 8.9% in the 15 weeks to 7 January, compared to the same period in 2019
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InterviewsHopes and reflections: Views from the top (part 2)
As the hospitality sector comes to the end of another year filled with challenges, we ask sector leaders to share their highs and lows of 2022 and hopes for the New Year in a special series of articles this week, which today features Azzurri Group, Mitchells & Butlers and Caffè Nero UK
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InterviewsM&B: ‘We want to expand Browns in suburbia’
The pub and restaurant group opened its second suburban Browns last week and is looking to build a pipeline of future locations, chief executive Phil Urban told MCA.
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NewsM&B: ‘We are very confident about the months ahead’
Uplift in its wet-led businesses, an improving recruitment landscape and solid Christmas booking levels are just some of the reasons the group is feeling positive, CEO Phil Urban has said.
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NewsMitchells & Butlers sees profits recover
Excluding utilities, Mitchells & Butlers has reported profits have broadly recovered in the year to September 2022, with a total revenue of £2,208m
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NewsMitchells & Butlers appoints ops director
Jo Crump, formerly of Prezzo and Punch Taverns, has been appointed operations director
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NewsPub and restaurant groups see share value plummet
Escalating energy costs combined with the impact on the economy from the government’s mini-budget has sent share prices tumbling further down
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NewsMitchells & Butlers: food sales continue to drive growth
Like-for-like sales rose significantly for food but dropped for drink, with an overall decline of 0.9% compared to 2019
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NewsEgo Restaurants makes ‘significant progress’
3Sixty Restaurants, which operates the Ego JV with Mitchells & Butlers, reported profit for the year to March 2022 of £3.8m, compared to a loss of £842k in 2021
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InterviewsEgo Restaurants: ‘We’re building cash now, to expand next year’
CEO James Horler tells MCA that with current cost pressures, expansion plans are being put on hold until next spring
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NewsMitchells & Butlers’ sales driven by food
The pub business saw a decline in like-for-like drink sales since 2019, partially offset by a rise in food sales