All news articles – Page 1227
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NewsPunch: Managed, franchised, MRO, new CEO and coffee shops
Punch Taverns executive chairman Stephen Billingham talks to M&C Report about the impact of the market rent only option on the tenanted and leased pub sector; moves to establish a managed and franchise operation; why Duncan Garrood is the right man to take the company forward and why he would not rule out a move into coffee shops.
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NewsMcDonald’s global lfls fall again
McDonald’s has reported global like-for-like sales down 2.3% in the quarter ending 31 March.
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NewsPret: Flirting over loyalty cards
Clive Schlee, chief executive of Pret A Manger, has said that company has avoided loyalty cards and instead empowered staff to give away a certain number of hot drinks and food every week for free
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NewsAnalysts: Punch in positive territory
Analysts have given their response to Punch taverns H1 numbers this morning.
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Camden Town Brewery fundraising closes at £2.7m
Camden Town Brewery has closed its fundraising round on Crowdcude after raising £2.7m from 2,320 investors
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Heineken reports weaker volumes in UK for Q1
Heineken has said the UK saw weaker volumes in the first quarter of 2015 because of “challenging market conditions”.
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NewsKFC and Pizza Hut grow system sales in UK
Yum! Brands has reported that KFC system sales grew 5% in the UK during the first quarter while Pizza Hut was up 3%.
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Lancashire shopping centre seeks F&B operators
The Freeport Fleetwood shopping centre in Lancashire is seeking a food and drink operator for a c.13,000ft venue which is currently occupied by La Petit Four.
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Falling chef student numbers causing skills gap
Declining numbers of students choosing full-time chef programmes or courses is exacerbating the challenge hospitality companies find when trying to fill kitchen vacancies
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Ravello adds fifth site
London coffee shop group Ravello has opened its fifth London site marking its City debut at Angel Court near Bank
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Vianet:H2 trading has been satisfactory
Vianet Group has said that trading for the second half of the year has been satisfactory as anticipated
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Rockfish on track for £1m EBITDA
High-profile chef Mitch Tonks told M&C Report his restaurant company is on track to report its first million pound EBITDA in the next 12 months as he prepares to open a fourth Rockfish restaurant serving the freshest available fish
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NewsChipotle breaks $1bn sales barrier for single quarter
Sales at Chipotle broke the $1bn barrier for the first time in a single quarter in the three months to the end of March
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Bottled ales on track for £1bn a year value by 2020
The premium bottled ale category is on track to be worth £1bn a year by 2020 as off-trade beer sales outstrip those in pubs, new research has shown.
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NewsSubway opens 500th non-traditional site
Subway has reached another milestone as it announced that it now has more than 500 stores open in non-traditional locations in the UK & Ireland
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SIBA grows to 800
The Society of Independent Brewers (SIBA) has grown to 800 members and targeted a further 20% growth over the next year.
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NewsPunch core estate lfls up 0.5% in H1
Punch Taverns has reported a 0.5% rise in like-for-like income in its core estate for the 28 weeks to 7 March 2015 and EBITDA down from £108m for the period last year to £105m this year.
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NewsBrewDog to raise £25m for next stage of growth
Scottish brewer and bar operator Brewdog is launching its fourth round of fundraising to raise £25m by issuing 526,316 New B shares for the next 12 months.
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NewsAndrew Guy joins Bulldog board
Ed’s Easy Diner chief executive Andrew Guy has been appointed non-executive chairman of coaching inns operator Bulldog Hotel Group.