All news articles – Page 319
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NewsYoung’s tenanted disposal could provide ‘catalyst for acquisitions’
Young’s could step up its acquisition of managed pubs if its mooted disposal of the Ram Pub Company goes ahead.
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NewsPM set to signal lifting of restrictions on 21 June
The Prime Minister is expected to signal this week that Britain is on track to lift all remaining restrictions on 21 June, as part of an update on the latest data around the Indian variant.
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NewsWill Beckett and Roger Wade to feature on MCA’s The Conversation today
Make sure you join MCA’s The Conversation audience later today to hear from guest panellists Will Beckett, co-founder of Hawksmoor and Roger Wade, chief executive of Boxpark.
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NewsStonegate appoints new property director
Stonegate Group has announced the appointment of David Roberts as property director.
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NewsMarston’s has seen majority of furloughed staff return
Marston’s has retained about 97% of its staff on furlough and kept them engaged by staying in regular contact, chief executive Ralph Findlay has said.
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NewsSales up by a quarter on first day of indoor trading
Managed restaurants, pubs and bars have enjoyed a strong start to indoor trading, with sales up a quarter on pre-Covid levels on 17 May, according to new research from CGA.
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NewsCôte appoints new CMO
Partners Group-backed Côte Brasserie has appointed Erin Roy as its new chief marketing officer.
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NewsSpend up on 2019 levels on back of indoor reopening
UK pubs and restaurants are already feeling the benefits of reopening indoors with sales exceeding pre-pandemic levels, new data from Barclaycard Payments reveals.
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NewsElectra plans to demerge Fridays onto FTSE
Fridays’ backer Electra Private Equity has said it plans to list the business on the FTSE Main Market late in the third quarter of this year.
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NewsPret in debut petrol station partnership
Pret a Manger has announced plans to open shops on the forecourts of the UK’s largest petrol retailer, Motor Fuel Group (MFG).
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NewsOne-metre rule still on course to go
The ‘one-metre plus’ rule on social distancing is still on course to be scrapped from 21 June, Boris Johnson has told Conservative MPs.
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NewsGiggling Squid: ‘We agreed rent concessions for almost all sites’
Giggling Squid successfully negotiated with the majority of its landlords, agreeing terms for short rent holidays with “almost all of them”, according to chief executive Andy Laurillard.
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NewsMajority of operators’ hopeful for better than average summer
Two thirds of hospitality leaders (66%) expect better-than-average summer trading if the lifting of pandemic restriction goes to plan, the latest Hospitality Leaders Poll has found.
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NewsAnalysts optimistic about Marston’s trajectory
Marston’s is expected to enjoy an upward trading trajectory as Covid restrictions are lifted, analysts have concluded following yesterday’s half-year results announcement.
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NewsIsland Poké teams up with GDK franchisee on new site
Island Poké has opened its first franchise site – a kiosk in Camden Market – on the back of a cash injection from hospitality investor, and global master franchise for German Doner Kebab (GDK), Hero Brands in March this year.
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NewsAdnams expects return to full rents later this year
Brewer and pub operator Adnams has said it is keeping “a weather eye” firmly on the long-term future of its pubs and their tenants, and anticipates pubs returning to paying full rent later this year, provided there are no further regional or national lockdowns.
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NewsYoung’s sees revenue down 30% but confident about the future
Young’s saw group revenue fall by around 30% on the previous year, for the 52 weeks to 29 March 2021, from £311m in 2020, to £90.6m.
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NewsGiggling Squid: ‘We’ve had geography and cuisine type on our side’
The location of Giggling Squid’s estate in smallish cities and the suburbs of larger urban areas has been a huge bonus during the pandemic – alongside the portability of its dishes, according to co-founder Andy Laurillard. Speaking on MCA’s The Conversation, he explained that the business had managed to remain ...
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NewsYoung’s explores tenanted sale
Young’s has confirmed that it has appointed Savills about a potential sale of its tenanted estate.