All news articles – Page 189
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Drake & Morgan reports ‘resilient’ performance
The 18-strong Bowmark Capital-backed group said its performance had continued to improve in the current financial year with strong trading so far this Christmas
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Wingstop's master franchisee records +182% revenue uplift
Lemon Pepper Holdings said it was anticipating “aggressive development” through 2023, with several new locations already secured for the new year.
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‘Our industry needs a level playing field’
Pub companies and brewers tell MCA they welcome news alcohol duty will not rise till August - but warn a “lighter touch on unnecessary regulation” is needed in the current trading environment
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Itsu: Digital transformation, one year on
Chief customer officer Neil Miller returns to Hostech in 2023 to update on the brand’s digital transformation
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BrewDog promotes James Brown to CEO - Bars
The craft beer group has also made Lauren Carrol chief marketing officer and Tom Reding chief digital officer
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First speakers announced for MCA’s Food to Go Conference
Tim Hortons, Tortilla and Itsu are among the big-name brands lined up to speak at the annual conference on 7 March 2023.
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Overtime ban will widen impact of rail strikes
Rail travel will not return to normal until the second week in January as “stealth strikes” mean drivers will not be working overtime.
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Bosher to leave Greene King
Karen Bosher, who has worked at the pub company and brewer for the past 10 years, and step down from her role as MD of Premium, Urban and Venture to pursue ”a fresh challenge”
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Alcohol duty looks set to be frozen
Duties were set to increase on 1 February, but it is understood the Chancellor will delay the move for another six months
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Pubs, clubs and bars could open for longer to celebrate King’s coronation
The Home Office is launching a consultation looking at extending licensing hours on the three days of the bank holiday weekend, Sky News reports
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Nightclubs firm seeks fourfold rise in venues
Rekom UK, whose brands include Pryzm and Fiction, wants to quadruple its number of venues to 200, the Mail on Sunday reports
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From Mayfair to New York: restaurateur Richard Caring sets sights on US
Expansion plans come after Qatar’s former prime minister increased his stake to 50% in hospitality empire, The FT reports
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UK hospitality sector fears rail strikes will make its gravy train hit the buffers this Christmas
The reeling industry was hoping for a post-Covid boom in seasonal trade but instead is facing a slew of cancellations, The Observer reports
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Ministers to offer business energy support package until early 2024
Jeremy Hunt wants to keep the cost of the assistance down given the tight squeeze on public finances, The FT reports
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Liberation Group and Cirrus Inns announce merger
Liberation CEO Jonathan Lawson will lead the combined group, with Cirrus founder and CEO Alex Langlands Pearse joining the board as a non-executive director
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Admiral Taverns turnover boosted by Hawthorn integration
The c1,550-strong pub operator reported turnover of £152.8m following the successful integration of the Hawthorn Community Pub Company
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Openings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from Vapiano, JDW, Fridays and Chopstix
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Interest rates rise to 3.5%
The Bank of England has lifted interest rates to a 14-year high of 3.5% yesterday, with the expectation the UK will fall into recession this quarter
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Pubs under threat from ‘unfair’ energy contracts
The British Beer & Pub Association said members had been on the receiving end of increased charges that fall outside the remit of the Energy Bill Relief Scheme.
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Fulham Share reports ‘creditable performance’
Franco Manca operator continues momentum despite disruption to consumer confidence, costs and public transport