All news articles – Page 593
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NewsLGH Hotels announces new partnership with Marco Pierre White
LGH Hotels Management has announced a new partnership with Marco Pierre White (MPW), with plans to open Marco’s New York Italian restaurants in Holiday Inn Milton Keynes-Central and Holiday Inn Brentwood later this year.
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NewsTough climate stalls growth push from TD4 Brands
Richard O’Sullivan, chief executive of Boost Juice Bars and The Shake Lab has told MCA that the current trading environment is the toughest he has known in his 40 years working in the sector, with rapid expansion off the table as an option.
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NewsEveryman sees F&B spend up 5.3%
Everyman Media Group, the cinema operator, has seen average spend on food and beverage increased by 5.3% per head, to £6.14.
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NewsAnalysts corner: Peel Hunt on TRG
Leading analysts Douglas Jack and Ivor Jones, of Peel Hunt, have given their views on the recent update from The Restaurant Group, saying the return to like-for-like sales (lfls) growth and the expansion of the pub estate are encouraging signs but that further downgrades are likely.
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NewsFuller’s FD to step down
Fuller’s has announced that its finance director James Douglas has decided to step down from his role, and will retire from the board in December 2018.
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NewsPret achieves 13.2% increase in revenue during 2017
Pret A Manger has achieved a 13.2% increase in revenue, to £878.5m, for the 52 weeks to 28 December 2017, with like-for-like sales up 3.2%.
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NewsNew guidance documents on tronc system published
A new practical guidance document for operators on how a tronc should be operated has been published.
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NewsBrewDog’s Equity for Punks raise now on Crowdcube
BrewDog has made its latest crowdfunding drive, Equity for Punks V, available for investment via Crowdcube.
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NewsBusaba launches Katsu Kitchen delivery brand
Busaba Eathai, the Thai restaurant group, has launched a Japanese-inspired virtual brand, Katsu Kitchen, via Deliveroo.
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NewsDan Fisher makes it nine with Star site; looks to add six
Multiple operator Dan Fisher has taken on his third site with Star Pubs & Bars, taking his total estate to nine, and with plans to grow it by another six.
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NewsThe London Jukebox to launch restaurant and venue
Former Lehman Brothers director Raxa Mehta is launching a music venue and restaurant in Islington, MCA understands.
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NewsDoCaSA lines up seven more
The Department of Coffee and Social Affairs (DoCaSA), the speciality coffee shop group, has seven more stores under construction, which would take its UK estate to 26.
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Peachment joins Market Taverns as COO
Richard Peachment, former operations director at Draft House, has joined the London-based pub group, Market Taverns, as its new chief operating officer.
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NewsCiti: Sector operators in a “precarious state”
Analysts at Citi have warned that many pub companies are in a “precarious state”, as they have too much leverage and little surplus cash flow as an increasingly indebted UK heads for a “potential disorderly Brexit”.
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NewsJamie Oliver Restaurants appoints Radix as interim CFO
Jamie Oliver Restaurant Group has appointed Bharti Radix, formerly of Draft House, as interim chief financial officer, MCA understands.
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NewsNavitas secures £745k investment
Navitas, the health and safety solutions provider, has secured £745,000 of equity investment from the Midlands Engine Investment Fund (MEIF) and Foresight Group.
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NewsHawkes to take cider production to the US
BrewDog backed craft cider producer and tap room Hawkes, has announced it will be starting production in the US.
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NewsShortlist announced for Beer & Cider Marketing Awards
The shortlist for the 2018 Beer & Cider Marketing Awards has been announced.
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NewsJamaica Blue to open at Northampton University
Jamaica Blue, the Australian café franchise from Foodco, is to open its next site at Northampton University.
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NewsThe Vurger Co raises £600k for second site
The Vurger Co has raised an additional £600k from investors in order to open a second site, according to MCA’s sister title Big Hospitality.