All news articles – Page 455
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NewsPizza Express bondholders’ warning over brand’s future
Pizza Express bondholders have urged the restaurant chain’s senior management and Chinese owners to move quickly to restructure the group’s debt-laden balance sheet or risk its future, the Financial Times reports.
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NewsGreggs revises profit expectations
Greggs achieved a like-for-like (lfl) sales increase of 8.3%, within its company-managed shops, for the six weeks to 9 November 2019.
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NewsBrakspear boosts managed pub estate
Brakspear has acquired the Golden Ball pub near Maidenhead, taking its total managed estate to 15 sites.
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NewsFoodservice prices on course for stabilisation
Eight out of ten food and drink categories saw a month-on-month price drop, in September 2019, according to the latest edition of the CGA Prestige Foodservice Price Index, suggesting they may be stabilising after three years of steady inflation.
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NewsDeliveroo launches click and collect service
Deliveroo has launched its long-awaited click and collect service, Pickup, which is currently available from 13 cities in the UK.
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NewsRugby World Cup failed to boost bar sales
Pubs and restaurants saw like-for-like (lfl) sales decline in October, with the Rugby World Cup failing to boost bar sales, according to the Coffer Peach Business Tracker.
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NewsThunderbird appoints new CEO
Thunderbird has appointed Paul Gilchrist as its new CEO. In a statement, the business said: ”Thunderbird, the premium fried chicken concept backed by Trispan, is to see a passing of the CEO baton from Marcel Khan to Paul Gilchrist by end of the year. Marcel Khan has worked with the founder Matt Harris supporting the fledgling brand for 12 months, building the team and business to five owned and operated sites in London.”
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NewsMcMullen sees overall growth of 7% in latest financial year
McMullen & Sons has achieved total revenue growth of around 7.5% for the financial year ended September 2019, MCA can reveal.
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NewsPaul UK appoints new chief executive
Paul UK has appointed Mark Hilton as chief executive of the 37-strong French bakery and patisserie chain, replacing Jean-Michel Orieux, who stepped down from the role last year, MCA can reveal.
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News
RA Group appoints new marketing director
RA Group has appointed Gavin Gooddy as its new marketing director, as it looks to execute a number of new campaigns.
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NewsPret, TGI Fridays and M&B sign up with allergy app
Pret, TGI Fridays and Mitchells & Butlers have all teamed up with a new smartphone app to help people with allergies avoid food which could trigger them. The free app, called Dinepilot, allows consumers to filter meals based on 14 of the most common allergies, and it also ensures operators comply with food allergy management.
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NewsSales soar at German Doner Kebab
German Doner Kebab has reported a 49.6% sales hike after it opened 36 outlets in the past two years. It also plans to open a further three stores in the UK this year, and has ambitious plans to expand into Saudi Arabia and open 100 stores over the next ten years. It is also targeting the US. The kebab house, owned by Hero Brands, said it appealed to the “next generation” of consumers.
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NewsWagamama removes raw peanuts from dishes
Wagamama has taken the decision to remove raw peanuts as an ingredient from its kitchens, in the wake of a greater focus in the sector on the dangers posed by allergens, MCA can reveal.
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NewsPizza Express has reasons to be cheerful - and remain vigilant
Back of house, the management of Pizza Express clearly still has much on their plate as they seek to stabilise the finances. But, to their credit, the front of house execution is not being undermined. In fact, MCA’s latest quarterly consumer research finds the business has several reasons to be cheerful.
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NewsKeary promoted to MD at Camden Town Brewery
Camden Town Brewery has promoted sales director Adam Keary to managing director, MCA understands.
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NewsGaucho to relaunch debut as V2.0
Steakhouse chain Gaucho has unveiled its future vision for the business, including changes to the restaurant design and introduction of a cinema screen.
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NewsPizza Express receives tender offer for £80m worth of bonds
An affiliate of Pizza Express’ owner Hony Capital is understood to have launched a tender offer to acquire up to £80m of the group’s senior notes, due in 2022.
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NewsSheldon Inns extends portfolio with Ei Publican Partnerships
Sheldon Inns has re-opened recently acquired pub The Chequers Inn, in Fladbury, following a joint investment of £180k with Ei Publican Partnerships.
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NewsBear Coffee heads to Northwich for sixth site
Bear Coffee is to open its sixth site, in Barons Quay shopping centre, in Northwich, Cheshire.
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NewsUrban Baristas lines up fifth site
Urban Baristas, the speciality coffee shop group, has lined up a new site, in St Kathrine Docks, MCA understands.