All news articles – Page 192
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ETM Group reports return to EBITDA profitability
The 13-strong London-based operator reported a turnover of £21.6m in the year to February 2021, and a return to EBITDA profitability of £2m
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Mitchells & Butlers sees profits recover
Excluding utilities, Mitchells & Butlers has reported profits have broadly recovered in the year to September 2022, with a total revenue of £2,208m
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Gail’s to debut in Northwest
Gail’s Bakery will open its first store in the Northwest in Wilmslow, Cheshire, in early 2023, with further locations to be announced in the new year
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Pret announces new US partnership
A new partnership with Dallas Holdings will see the multichannel retailer open a network of shops in California as well as an additional site in New York City
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‘Further strike action will mean the death knell’
Trade bodies have warned the announcement of further rail strikes in December will cause venues to lose billions in revenue during a critical trading period
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In pictures: Gusto Italian’s new Oxford venue
Gusto Italian has opened its fourteenth site at the Grade II listed Mitre Hotel building on Oxford High Street following a £1.8m investment
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Further strikes announced
The RMT union has announced additional strike dates, starting 6pm on Christmas Eve until 7am on 27 December
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SSP Group announces return to profit
The operator has announced its results for the year ended 30 September 2022, with recovery in passenger demand and a shift in focus towards North America and Asia
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Mitchells & Butlers appoints ops director
Jo Crump, formerly of Prezzo and Punch Taverns, has been appointed operations director
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Marston’s reports return to normalised trading
The pub operator has announced full year like-for-like sales at 99% of 2019 levels for FY2022, along with a return to normalised trading despite Omicron
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Liverpool venue Alma de Cuba sold to JSM Group
CBRE’s Manchester Operational Real Estate team has completed the sale of Liverpool nightspot Alma de Cuba to JSM Group for £2.5m
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Energy relief scheme must be extended
Pubs face will face major financial losses, no profit and closure if the support scheme for businesses is not extended beyond 31 March 2023, the BBPA has warned
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Brasserie Bar Co to open seven new sites next year
The White Brasserie Co and Brasserie Blanc operator plans to buy up the freeholds of its leasehold pubs, The Times reports
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Rail strikes to go ahead over Christmas after RMT rejects offer
It means commuters will face severe disruption on 11, 12, 13, 14, 16, 17 December, and 3, 4, 6 and 7 January
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Stuart Broad pubco acquires Everards pub
The Griffin Inn, Swithland has been acquired by the company founded by the cricketer and Harry Gurney
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Pan-Indian concept joins Elephant Park line-up
Kachori, from the team behind Bandook in Bath and The Mint Room in Bristol, has signed for a new 2,850 sq ft location on Ash Avenue
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Openings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from Lucky Voice, Brindisa Kitchens, Sides, and more
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Pubs expecting to pour 15m pints this Sunday
Pubs are expecting to sell 5m more pints than usual when England face Senegal in the World Cup knockout stages this Sunday
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Hush wins case against landlord
Royal London Asset Management took commercial advantage of Covid by terminating an option for a new lease because of a late payment during lockdown, founder Jamie Barber said
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BrewDog loses ethical B Corp status
CEO James Watt said the crft beer business was better served by focussing on its own sustainability blueprint