All news articles – Page 295
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NewsFridays on track with IPO
Electra Private Equity, the backer Fridays and 63rd+1st, has said it is on track to float the brands on London Stock Exchange in the fourth quarter of this year.
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NewsRed Oak acquires Hall & Woodhouse package
Red Oak Taverns is set to acquire nine pubs from Dorset-based business Hall & Woodhouse.
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NewsAndy Hornby: “There is a long-term structural shift around delivery”
Following The Restaurant Group’s first-half results announcement MCA caught up with Andy Hornby, chief executive, to discuss recent trading.
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NewsLumina: Managed and independent pubs to lead market recovery
The UK pubs and bars market is predicted to exceed its 2019 value, and net pub closures to be offset, by 2024. The short-term focus should be on wet-led occasions, while also focusing on food quality and enhancing the digital experience.
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NewsPaul Scully: Pubs are top of my agenda
Business minister Paul Scully has told pub leaders the sector is an integral part of the nation’s recovery, and that pubs and the wider hospitality sector were top of his agenda.
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NewsEat Out to Help Out propels inflation to nine-year high
Inflation has soared to its highest level in nine years, with the Office for National Statistics (ONS) claiming this is down to last year’s Eat Out to Help Out scheme.
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NewsOakman Group boss reports strong trading
During the first ten weeks of its new financial year (5th July to 12th September) Oakman Group has reported total growth of 39.3% and like-for-like growth versus 2019 of 16.2%.
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NewsSnapshot: Poke House launches in the UK
European poke bowl chain Poke House has opened its first UK restaurant in London’s Notting Hill and is planning to expand further across the capital before pushing out nationwide.
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NewsHospitality boosted by return of office workers
Footfall and trading levels continue to improve week-on-week as we progress through September, with quick service outlets such as Pret A Manger and Black Sheep Coffee reporting significant increases in sales in key city centre locations. Restaurant operators such as Fulham Shore are also seeing improvements ...
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NewsGovernment revises border control timetable
The government has revised the timetable for the introduction of full import controls for goods being imported from the EU, in the wake of significant supply chain disruption following Brexit and the impact of the pandemic.
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NewsConcerns raised over government’s Plan B Covid measures
The hospitality sector has voiced its concerns over several of the government’s Plan B measures in its autumn and winter Covid plan – namely mandating working from home and the introduction of vaccine passports for crowded indoor venues.
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NewsWagamama achieves +21% like-for-like growth
The Restaurant Group has reported strong like-for-like sales since the reopening of indoor trading. But dine-in covers remain below 2019 equivalents, with much of the growth coming via delivery. During the 15 weeks to 29 August 2021, its Wagamama brand achieved +21% like-for-like growth versus its 2019 ...
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NewsBain Capital acquires Gail’s owner Bread Holdings in £200m deal
Bain Capital Credit, in partnership with EBITDA Investments, has acquired Bread Holdings – parent company of the Gail’s Bakery chain and wholesale business The Bread Factory – from Risk Capital Partners (RCP) in a deal worth more than £200m.
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NewsYo! retail range cushions restaurant losses
Yo! suffered a sharp drop in sales as restaurants were forced to shut in pandemic, but has continued to grow its supermarket presence to mitigate the impact.
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NewsDomino’s completes share buyback
Domino’s Pizza Group has completed its £45m share buyback programme announced on 9 March 2021.
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NewsHybrid working could boost number of workers in the City
The number of office workers in the City of London could be boosted by up to 100,000 people, with the shift to flexible working expected to boost the number of firms with urban office hubs, according to KPMG.
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NewsCreams approaches 100 milestone
Creams is continuing its nationwide expansion with the opening of three new dessert cafés in London, bringing its portfolio to 100 sites.
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NewsFulham Shore to trial ‘light kitchen’ model
In a MCA exclusive, David Page, executive chairman of Fulham Shore, announces a new operating format called ‘light kitchens’. Two Franco Manca light kitchen sites, which have limited dine-in and additional delivery capacity will be opened in London to cater for the company’s continued strong growth in delivery.
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NewsScully: ‘Invest in UK workforce’
Business minister Paul Scully has urged businesses suffering from staff shortages to invest in the UK domestic workforce instead of relying on labour from abroad.
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NewsVaccine passports in England to be ‘held in reserve’
The government has insisted that vaccine passports are still a “first-line defence” against a winter wave of Covid-19, but are likely to be “held in reserve” for the time being. The clarification follows comments at the weekend from health secretary Sajid Javid suggesting plans for vaccine passports in England had been scrapped.