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NewsDeliveroo must prove itself to the market, says Shu
Deliveroo’s founder and chief executive Will Shu has said his message to shareholders and the wider investor community is “it is on me to prove the long-term value of this company”.
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Delivery and takeaway sales up more than 300%
Sales from delivery and takeaway were 346% higher in March this year than the same month in 2019, according to CGA’s latest Hospitality at Home Tracker.
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Sector hits back at ventilation claims
Pub and restaurant operators have fought back against claims from the British Medical Association (BMA) that the hospitality sector needs to do more to improve the ventilation in their venues in order to reduce the airborne risk of Covid-19 transmission.
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Pub sector rebuffs calorie labelling proposals
The pub sector has challenged the logic of introducing calorie labelling for on-trade drinks at a time when many operators in the hospitality industry are battling for survival.
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Ex Eat director plots QSR return
Former Eat director Aunaud Kaziewicz is launching a new concept which he is pitching as the Cote Brasserie of QSR.
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Payment app raises $20m
A hospitality payment app, created by the founders of Big Mamma Group, has raised €20m (£17.3m) in a seed-funding round.
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Deliveroo takes ‘prudent’ approach
Deliveroo has reported first quarter orders were up by 114% year-on-year to 71m.
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UK coffee shop market contracts
The UK branded coffee shop market contracted 1.9% to 9,159 outlets in 2020, Allegra’s World Coffee Portal reveals.
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Rosa’s Thai plans five to six per year
Trispan-backed Rosa’s Thai has said it expects to open five to six new sites each year, while also pursuing opportunities to operate delivery-only cloud kitchens as it continues with its expansion plans.
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Older customers face discrimination due to apps
Older drinkers are at risk of being discriminated against in pubs because many do not have smartphones on which to order food and drinks, the Telegraph has reported.
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Hawthorn eyes standalone status with IPO
Community pub company Hawthorn has announced plans to list on the stock market and will explore the potential for an IPO following a strategic review.
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Clive Chesser: ‘The tied model has proven to be very robust’
The strength of the tied model has been validated during the pandemic thanks to the support that pubcos have been able to provide to their tenants, according to Clive Chesser, chief executive of Punch Pubs.
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Robert Cook: ‘Our blueprint has got to change’
The basic blueprint for Fridays’ expansion has got to change, chief executive Robert Cook told listeners to MCA’s The Conversation this week.
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Admiral Taverns sees profits down by a third
Admiral Taverns has achieved an underlying operating profit of £11.1m, down from £17.2m in 2019, for the 52 weeks to 30 May 2020.
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Sessions secures new investment
Sessions Market has appointed Sourced Market founder Ben O’Brien as chief operations officer and secured a new round of investment from Perscitus.
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Revolution planning to double brand portfolio
Revolution Bars Group is looking to expand its portfolio of brands from two to four, in order to capitalise on property opportunities post-pandemic, chief executive Rob Pitcher has told MCA.
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YO! in food to go trial with WH Smith
YO! has signed an agreement to supply select products from its food to go range to WH Smith, in a trial partnership with the retailer.
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Wing Shack announces seven new sites
Wing Shack has announced plan to open five new bricks and mortar locations in London, as well as two sites outside of the capital in 2021.
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Just Eat orders up 96%
Just Eat processed 64m orders in the UK in Q1 2021, growth of 96% on the same period in 2020.
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Revolution secures new CBILS
Revolution Bars Group has secured a further £3.5m CLBILS, while its bank NatWest agreed to waive £2m of amortisation scheduled for September 2021, taking its total available facilities to £40.3m.
