All news articles – Page 1329
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Eclectic slashes growth plans after poor Q2
Eclectic, the listed bar group, is cutting its growth aspirations for the current year after a “difficult” second quarter.
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M&B FY lfls up 0.6%
Mitchells & Butlers (M&B) has this morning reported a 0.6% increase in like-for-like sales for the 52 weeks to 27 September 2014, while total revenue climbed 4% to £1.97bn
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FY EBITDA up 3.8% at Admiral
Admiral Taverns, the tenanted pub operator, has reported a 3.8% increase in underlying EBITDA to £21.5m for the year to 31 May 2014
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Taylor St Baristas raises £500k in three weeks with coffee bond
Taylor St Baristas has revealed its crowd-sourced “coffee bond” has raised over £500,000 from 220 investors in under three weeks.
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Stonegate portfolio sold for £23.5m
A portfolio of 17 freehold pubs let to Stonegate Pub Company has been sold by PFA Acquisitions to real estate investment company Aprirose for £23.5m
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Enterprise reveals managed estate details
Enterprise Inns has revealed the locations of its 10 initial managed sites, which includes at least two “semi-managed” pubs
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TGI’s opens “greenest” site
TGI Friday’s, the Karen Forrester-led group, has opened what it describes as its most environmentally friendly site in Milton Keynes
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Cozy Pubs eyes further growth
Cozy Pubs is looking to add further sites to its four-strong estate, after reporting a 4% rise in like-for-like sales to the half year
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SRA and Bookatable launch new campaign
Bookatable has partnered with the Sustainable Restaurant Association (SRA) to launch its Leaders in Restaurant Sustainability campaign
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Chop Bloc eyes expansion
Chop Bloc, the US-style steak restaurant and cocktail bar concept, plans to roll out to up to five sites in the next five years
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The Clink launches catering arm
The Clink Charity, the prisoner training initiative offering prisoners hospitality training, work experience and mentoring, has launched a new catering arm - Clink Events
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CST wins Jamie’s franchises contract
Call Systems Technology (CST) has won the contracts to supply more Jamie’s Italian franchises
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English to oversee Cinnamon Kitchen growth
Tina English has been appointed commercial director of Indian Restaurants Ltd, the company behind The Cinnamon Club and Cinnamon Kitchen
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Imbiba seeks EIS investment in London events business
Imbiba is seeking management buy-in EIS investments for “a successful events and catering business with an estate of 14 unique and high quality event venues
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YO! latest to sign up to Buchanan Galleries
YO! Sushi, the Vanessa Hall-led brand, has become the latest operator to sign up for the Buchanan Galleries development in Glasgow
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BrewDog’s Watt named entrepreneur of the year
James Watt, the co-founder of BrewDog, was named Food and Drink Entrepreneur of the Year last night
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Osmond: No limit to what we can achieve with Strada
Hugh Osmond, the executive chairman and new owner of Strada, has told M&C Report that there is no limit to what the brand can achieve
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Jimmy Spices entered administration with debts of c£5m
Jimmy Spices, the buffet restaurant operator, was placed into administration earlier this year with debts totalling c£5m
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Pub code vote impacts M&C20
The M&C20 significantly underperformed this week as a result of the House of Commons vote which may signal the end of the beer tie