All news articles – Page 605
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NewsTossed in Co-op link up
Tossed, the healthy eating grab and go concept, has signed a franchise deal with Mid Counties Co-op, which will begin with a site in Oxford, MCA understands.
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NewsTRG investors savage Wagamama bid
The Restaurant Group’s bid to acquire Wagamama has come under fresh pressure after two investors said the deal would destroy shareholder value.
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NewsArden to open new concept in the City
Christian Arden, the entrepreneur previously behind Chicago Rib Shack and Cavendish Bars, is set to launch a new concept in the City of London, MCA understands.
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NewsBrexit deal ‘seems to address sector concerns’
UKHospitality chief executive Kate Nicholls has said the outline deal between the UK and the European Union on Brexit appears to address the majority of the sector’s concerns.
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NewsCineworld retail income up 7.9%
Cineworld has reported retail income growth of 7.9% in the UK & Ireland in the period 1 January to 11 November.
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NewsYoung’s H1 managed lfls up 5.2%
Young’s has reported a 5.2% rise in like-for-like sales (lfls) in its managed estate for the 26 weeks to 1 October, with total revenue up 8.8% to £156.8m along with a 4.7% increase in adjusted EBITDA to a half-year record of £40.4m.
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NewsTim Hortons to focus on company-managed sites for expansion
Tim Hortons is to focus on expanding through company-managed stores, with the support of sub-franchisees, MCA has learnt.
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NewsDavy’s to counter pressure on margins with additional investment
Davy’s is to continue to invest in its wine bar and restaurant business next year as pressure on margins increases, MCA has learnt. It follows an estimated £1.5m in capex for 2018, with £750k earmarked for 2019.
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NewsThwaites attacks 'politically induced' trade challenges
Thwaites, the Lancashire-based brewer and pub operator, has reported half year like for like turnover growth of 5% in its tenanted pubs, following the hot summer and World Cup run.
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The Italian Job to launch Holloway street food market
The team behind The Italian Job pub concept is launching a new street food market in Holloway.
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NewsPapa John’s launches mobile app
Papa John’s has launched a new mobile app to support its network of c400 UK franchised stores.
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NewsGovernment rules out changes to alcohol-free description
The British Beer & Pub Association has expressed frustration that the Department of Health has declined to change the descriptors for low and no alcohol products.
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NewsSecond extension for Intu takeover talks
The board of Intu has approved another extension to the deadline for a firm takeover bid from a consortium led by its largest shareholder, John Whittaker, after describing “good progress being made”.
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NewsPizza Hut Restaurants launches first home delivery offer
Pizza Hut Restaurants has started offering home delivery for the first time, MCA understands.
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NewsGreggs extends Deliveroo trial to London
Greggs has extended its partnership with Deliveroo to cover London.
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NewsChipotle to open first UK site for three years
Chipotle, the Mexican grill chain is to open its first UK site for three years, in the City Of London, MCA understands.
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Bea’s of Bloomsbury CEO departs
Lisa Brook has left her role as chief executive of London-based all-day café brand Bea’s of Bloomsbury, MCA understands.
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NewsAnand to chair WorldSkills UK
Rooney Anand, who last week announced his decision to step down as Greene King chief executive in April, has been appointed chairman of the UK board of education charity WorldSkills.
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NewsAnalysts corner: Ei Group and M&B
Peel Hunt analysts Douglas Jack and Ivor Jones have given their views on next week’s updates from Ei Group and Mitchells & Butlers. On the former, they say that the disposal of the commercial properties estate and a return to EBITDA growth are likely to be landmarks for 2019. For M&B they expect to see H1’s trend of drink outperforming food, driven by spend per head, being repeated in H2.
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NewsNovember 2018
MCA reflects on the big stories of the past month, including The Restaurant Group’s bid to acquire Wagamama; the decision by long-time Greene King CEO Rooney Anand to step down and GBK becoming the latest sector name to pursue a CVA. Among the profiles this month are the recently appointed chief executive of Gaucho, Martin Williams, on his vision for the future and the first interview with Clive Chesser, who left Greene King to head up Punch in the summer.