All news articles – Page 1497
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NewsCoffee shops 'lukewarm' on failed retail sites
Major coffee shop operators have been “lukewarm” on the prospect of taking sites previously occupied by large retailers that have folded during the downturn, while fast food groups have been “similarly reticent”, according to a new Deloitte report
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NewsLarge caps push M&C20 higher
There were increases for the M&C20 Leisure Index and the broader stock market this week – both up by just under 1%
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Moody’s assigns first time rating to Stonegate
Moody’s, the credit ratings agency, has assigned a first-time rating to Stonegate Pub Company on the back of the group’s £400m bond offer
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NewsStonegate completes pricing of £400m senior notes
Stonegate Pub Company, the TDR Capital-backed group, has completed the successful pricing of £400m senior secured notes due 2019, after announcing the bond offer earlier this week
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Ex-Bramwell marketer Avington heads up Stonegate division
Derek Avington, former head of sales and marketing at Bramwell Pub Company, has been made head of Stonegate Pub Company’s Traditional Pubs division
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Pizza1889 makes pop-up debut
Pizza1889 has opened its debut pop up store, the first of its kind in an out of town location, at the 136,206sq ft Nugent shopping park in Orpington, south east London
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NewsAnalyst corner
Simon French at Panmure Gordon moves his recommendation for Prezzo from Hold to Buy and raises his Target Price for the group from 112p to 197p ahead of its preliminary results next Wednesday
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Gaucho appoints new marketing director
Gaucho, the Argentinean steakhouse concept led by Zeev Godik, has appointed Jenna Bromage, formerly of the Birley Group, as its new group PR and marketing director
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Faucet Inn makes operational team change
Faucet Inn, the London-based company led by Steve Cox, has made a change to its operations team, after the departure of operations director Richard Stringer
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NewsBrakspear to open Mexican restaurant
Brakspear, the Oxfordshire-based pub operator, has leased a pub in its home town of Henley to be operated as a Mexican restaurant
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JW Bassett expansion continues
JW Bassett Pubs, the Cardiff-based pub operator, has taken its estate to seven sites with the acquisition of the Pen & Wig in Newport, M&C Report has learnt
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NewsTRG builds concessions pipeline
The Restaurant Group is to grow its concessions estate this year, with three new openings planned for Southampton Airport
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NewsMore margin recovery to come for Spirit
Leading analyst Nicholas Batram has issued a Buy recommendation for Spirit Pub Company ahead of its H1 results on 24 April, saying he believes there’s still some more margin recovery to come in the business
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Westfield London wins approval for £1bn extension
Westfield has received approval on plans for a £1bn extension to its shopping centre in Shepherd’s Bush
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Ramsay business partner files $10.8m lawsuit
Gordon Ramsay has been accused of running Los Angeles restaurant The Fat Cow as a ‘dictatorship’ - before shutting it down and re-opening under a different name
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Drinkaware calls on all glasses in pubs to have unit lines
Drinkaware has called on all glasses in pubs to have unit lines marked on them so drinkers can better understand how many units of alcohol they are consuming
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New M restaurant venture details revealed
M, the new restaurant venture from former Gaucho managing director Martin Williams, will comprise a grill restaurant (M-Grill), a cocktail bar (M-Bar) and a mid-market restaurant (M-Raw)
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NewsJP Morgan takes positive view on UK pubs & restaurants
JPMorgan Cazenove has lifted its recommendation for Mitchells & Butlers (M&B) from ‘neutral’ to ‘overweight’, saying that it is taking a more positive view on the UK pubs and restaurants sector
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NewsLa Bottega to open flagship Seven Dials site
La Bottega, the Italian caffè bar and deli brand, in which Pembroke VCT secured a stake last year, has acquired a site in Seven Dials to open a first shop under its new re-defined concept
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NewsLas Iguanas lines up Edinburgh opening
Las Iguanas, the Bowmark Capital-backed chain, which is assessing its options, is set to open its third site in Scotland, and its first in Edinburgh