Finance News

PBN

Oakman FY lfls up 6.8%

24 May 2018

Oakman Inns has reported like-for-like sales up 6.8% in the year to 1 April.

GBK logo

GBK unveils transformation plan as FY lfls fall

24 May 2018

GBK plans to close six restaurants, slash its openings pipeline for this year and refresh 30 sites, as it seeks to turn around sales, which fell 6.8% on a like-for-like basis in the year to 28 February.

Hawthorn Leisure

NewRiver acquires Hawthorn for £106.8m

24 May 2018

NewRiver, the UK REIT and pub owner, has confirmed it has acquired the 298-strong Hawthorn Leisure for £106.8m.

Jamie's Italian exterior

Jamie’s Italian wants to “come off the discount drug”

23 May 2018

Jamie Oliver Restaurant Group chief executive, Jon Knight, has told MCA that the group wants “to come off the discount drug”.

Going out spending down 4pp

Modest price rises as operators watch consumer spending pressures

22 May 2018

Modest price rises of 2% have been introduced on spring and summer menus as operators carefully manage increases in their own costs and pressures on consumer spending, MCA analysis reveals.

Vagabond

Draft House deal gives paws for thought on BrewDog

27 Mar 2018

Yesterday’s announcement that BrewDog had acquired the 14-strong Draft House estate is the latest twist in the endlessly entertaining story of the Scottish upstart. MCA editor James Wallin discusses what this means for wider perceptions of BrewDog, as well as the implications for Draft House as a brand.

Peter Marks

Marks’ theory on Revolution

15 Aug 2017

Deltic Group chief executive Peter Marks talks to MCA about the group’s proposal to merge with Revolution Bars Group to create a 125-strong “powerhouse” late-night operator.

Stonegate

In the mixer

01 Aug 2017 | By Mark Wingett

When Revolution Bar Group’s shares plummeted nearly 40% back in May it felt very much like a case of when, rather than if, Stonegate Pub Company would make its move for the Mark McQuater-led bar chain. With that steep decline in share price in mind, Stonegate’s 200p a share offer looks likely to lead to a positive outcome for all involved

Admiral Taverns

Inside Track: Admiral intentions

13 Jul 2017

Do the bids for Admiral Taverns show that after years in the shadows of managed pubs and casual dining, that tenanted pubs are now back at the centre of M&A activity? MCA deputy editor James Wallin looks at why the segment is so attractive for investors at the moment, what a bid for Admiral could mean for the wider sector and who could be next.

Crussh's latest rebrand saw LFLs rise on average by 28%

Crussh partners with Sodexho

24 May 2018

Crussh, the healthy food and juice chain, has signed a franchise deal with the world’s largest services company Sodexo, with a commitment to open at least 35 new sites over the next five years, across the UK and Ireland.

Andy McCue, The Restaurant Group

TRG launches Burger Burger

24 May 2018

The Restaurant Group (TRG) has started trialling its delivery-only concept, Burger Burger, chief executive Andy McCue has told MCA.

Gaucho logo

All options now on the table for Gaucho

24 May 2018

Speculation over the Gaucho business has intensified after it was revealed the company is now considering all options, including a sale of its entire business, just two weeks after hiring advisors to examine whether to close or sell its underperforming 22-strong CAU brand.

Ichibanya

Ichibanya Co to make UK debut with Curry House brand

24 May 2018

Ichibanya Co, the Japanese company, which operates under the brand name of Curry House CoCo Ichibanya, is set to launch the concept in the UK, MCA understands.

Bill's

Bill’s appoints Katte as its new CMO

24 May 2018

Bill’s, the Richard Caring-backed chain, has appointed Camilla Katte, formerly of Giggling Squid, as its new chief marketing officer, MCA understands.

Chilango logom

McKenzie steps down from Chilango

24 May 2018

Shannon McKenzie has stepped down as operational managing director at Chilango, the Mexican restaurant chain, after nine years with the company

Itsu exterior

Itsu to double up in Oxford

24 May 2018

Itsu, the Julian Metcalfe-led chain, is to double its presence in Oxford, MCA understands.

Just Eat launches restaurant support scheme

24 May 2018

Just Eat has launched a programme aimed at giving independent restaurants a platform for growth.

Little Kolkata acquires debut site

24 May 2018

Popular supper club Little Kolkata is to open its first permanent site in Covent Garden in June.

Gingerman Restaurants Flint House Brighton

Gingerman to launch new format in Brighton

24 May 2018

Gingerman Restaurant Group, the Brighton & Hove-based operator, is to launch casual dining concept, Flint House, in the city’s long-awaited Haningtons development.

TGI Fridays

Value of TGI Fridays UK drops

24 May 2018

Electra Private Equity, the backer of TGI Fridays UK, has this morning reported it has experienced a £13m drop in the fair value of the Karen Forrester-led restaurant chain over the year to 31 March 2018.

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