All news articles – Page 1586
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NewsFY PBT doubles at Nando’s Group
Nando’s Group, the operator of the eponymous peri peri chicken chain and Gourmet Burger Kitchen (GBK), saw pre-tax profit more than double in the year to 24 February 2013, up from £14.7m to £33.4m, while turnover increased from £419.6m to £485.2m
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Alcohol promotions ban fails to reduce amount purchased
Banning multi-buy promotions for alcohol, implemented in Scotland in October 2011 as part of the Alcohol Act 2010, failed to reduce the amount of alcohol purchased, according to a new study
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M&B’s market review
Mitchells & Butlers (M&B) said that 2013 has not been an easy year for UK consumers and pointed out five key trends currently impacting the market: Food remains the primary long term route to sustainable growth in this sector, the market is large but fragmented, leisure spending has been protected, the importance of brands is increasing, significant economic disparities by region and by economic grouping.
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NewsGiraffe strengthens pipeline
Giraffe, the Tesco-owned chain, is set to open a further two sites before the end of the year, after opening its second site at one of the supermarket group’s Extra stores in Cheshunt
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Former McDonald’s CEO takes POD chair role
Andrew Taylor, the former chief executive of McDonald’s UK, has joined POD, the London-based, healthy fast food concept led by Tim Hall, as chairman, M&C Report understands
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NewsGiggling Squid builds pipeline
Giggling Squid, the fast-growing Thai restaurant chain, is in talks on a further 10 sites as it looks to operate an estate of 16 units by the end of March 2016
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M&B to take M&C north
Mitchells & Butlers (M&B) has lined up a further two sites for its steakhouse concept Miller & Carter (M&C) in Scotland and the north east, M&C Report understands
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Moorhouse's eyes disposals and investments
Moorhouse’s, the Lancashire brewer and pub operator, is looking to place a number of sites on the market at it prepares to make acquisitions, managing director David Grant has told M&C Report
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Italian seafood restaurant to make UK debut
Assunta Madre, the Rome-based seafood restaurant popular with celebrities, is to make its debut in the UK, after securing a site in London’s Mayfair, M&C Report understands
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Cosmo appoints UK head of operations
Cosmo, the Hertfordshire-based, pan-Asian restaurant operator, has appointed Thomas Pawlowski as its new UK head of operations, as it looks to ramp up openings over the next two years, M&C Report understands
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Bill’s launches new menu, extends retail range
Bill’s, the fast-growing, Richard Caring-backed chain, has launched a new menu across all of its 27 restaurants
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Operators sign up for Trinity Gateshead
Nando’s, Frankie & Benny’s and The Real China have all signed up to take sites at the Trinity Square development in Gateshead
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Tasty appoints head of finance
Tasty, the listed operator of the Wildwood chain of restaurants, has appointed Tim Cundy as its new head of finance
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Subway updates mobile loyalty app
Subway has launched an update to its Subcard mobile app, which will offer customers new functionalities as well as updating all of the current features with a more user friendly interface
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TCG refurbs flagship pub
TCG, the managed operator, has invested £225,000 in one of its flagship community pubs, the Fatling in Hornchurch, Essex
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Kornicis promotes Hall to ops director
Kornicis, the London-based bar and restaurant group, has promoted area manager Michelle Hall to the role of director of operations with immediate effect
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C&C Group joins VAT Club
C&C Group, the producer of Magners cider and Tennent’s lager, has joined VAT Club Jacques Borel, the campaign groups that seeks to reduce VAT for the sector from 20% to 5%
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SSP wins £50m Beijing airport contract
SSP, the travel concessions operator, has won contracts worth a combined value of £50m to open six outlets at Beijing Capital International Airport
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Stonegate promotes 27 deputy managers to GMs
Stonegate Pub Company, the managed operator, has announced that 27 deputy managers have been promoted to general managers via the company’s Accelerator training programme
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Pesto secures Star pub
Pesto, the north west-based pub and restaurant chain led by La Tasca founder Neil Gatt, has continued its expansion by securing a Star Pubs & Bars leasedhold site in the West Midlands, M&C Report has learnt