All news articles – Page 467
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NewsInvestors willing to pay premium for best in class operators
Despite the greater prevalence of distress transactions, investors are willing to pay top valuations for businesses that are best in class, according to Graeme Smith, MD at AlixPartners.
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NewsCarluccio’s sees 35% lfls growth at Fresca sites
Carluccio’s has seen a 35% upswing in like for like sales at restaurants that have undergone its ‘fresca’ transformation programme, CEO Mark Jones has told MCA’s Restaurant Conference.
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NewsGrowth expected for branded restaurants in 2019
Branded restaurants are expected to see modest sales growth of 1.9% in 2019, amid overall market contraction, according to MCA’s newly-published UK Restaurant Market Report.
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NewsPapa John’s appoints new supply chain director
Papa John’s UK has appointed former Pizza Hut procurement manager Robert Taylor as its new supply chain director.
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NewsBenito’s Hat undergoes CVA
Benito’s Hat operator Pico’s Ltd has entered into a Company Voluntary Arrangement (CVA) after suffering cashflow problems.
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NewsJKS plans Bao and Hoppers double opening in Kings Cross
JKS Restaurants is planning to open a new Bao and Hoppers in Kings Cross, MCA understands.
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NewsYO! launches Pan Asian inspired Kitchen concept
YO! has opened its first full-service restaurant, YO! Kitchen, in Westfield White City, as it continues to redefine itself beyond its original core sushi offering.
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NewsPunch and Biff’s team up on vegan offering
Vegan fast food operator Biff’s has partnered with pub operator Punch, in a deal that will see its burgers and wings included on menus across the group’s nationwide portfolio.
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NewsGreggs tops Brand Health index
Greggs has been named the number eating out brand in YouGov’s Brand Health Index.
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NewsEpic Pub Co calls in administrators
Epic Pub Company, the Rufus Hall-chaired operator, has appointed administrators, MCA understands.
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NewsWhelans expands to 10 with new Star Pubs site
South east pub operator Whelans has grown its estate to 10 sites, with the addition of its latest site through Star Pubs & Bars, and has plans to double its footprint.
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NewsCraft Union to significantly boost pub pipeline
Craft Union is looking to build its pipeline of sites to 400 over the next year, with a continued focus on its wet-led only community pub proposition, operations director Frazer Grimbleby has told MCA.
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NewsNo further EU product swaps planned for Wetherspoon
JD Wetherspoon (JDW) is not planning to make any additional product swaps to non-EU sourced alternatives, following the introduction of several new lines last year.
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NewsFuller’s develops new all-day dining concept
Fuller’s has invested c.£2million in a new all-day dining concept at The Chamberlain Hotel in the City.
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NewsRestaurant insolvencies up by 25%
More than 1,400 UK restaurants collapsed in the year in the year to end of June 2019 – signifying a 25% increase on the previous year, according to the latest figures from accountancy firm UHY Hacker Young.
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NewsBird was “starved of cash” in lead up to administration
Fried chicken and waffle concept Bird was “starved of cash” according to administrators’ proposals from BM Advisory filed at Companies House this week.
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NewsPub visits decline in year to July 2019
The number of pub visits are down 1.2% for the year ended July 2019, according to the latest NPD Pub Tracker data.
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NewsCall for clearer allergen labelling after Byron burger death
There have been calls for all restaurant menus to feature a “red A” next to dishes that contain allergens, following the death of a teenager who died after eating a burger he was unaware had been coated in buttermilk.
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NewsShareholders approve Ei/Stonegate deal
Shareholders of Ei Group have voted in favour of the pubco’s takeover by Stonegate by 96.57%.
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NewsJDW sees lfls up 6.8% for full year
JD Wetherspoons (JDW) has reported a like-for-like sales (lfls) increase, before exceptional items, of 6.8% for the full year to 28 July 2019.