All Prezzo articles – Page 3
-
NewsFulham Shore chairman David Page: ‘Crises create opportunities’
The outlook for many in casual dining may appear bleak, but as in any crisis, there will be plenty of opportunities for its survivors, Fulham Shore chairman David Page has said. Speaking at MCA’s The Conversation, Page turned to his own experience as an industry veteran to reassure operators that with the right concept and the right team, the post-coronavirus fallout could be beneficial to them in the long-term.
-
OpinionDominic Walsh: On not-so-Super Saturday and the pain that’s yet to come
If anyone thought that July 4 would bring down the curtain on the 15-week coronavirus purdah, they were soon disabused of the notion. Super Saturday was – like the weather – something of a damp squib. While some of the big pub companies opened as many as 80% to 85% of their estates on day one, research by CGA suggests that only 45% of hostelries opened their doors on Independence Day.
-
NewsPrezzo details phased reopening
Prezzo has confirmed details of its phased reopening plan, with eight restaurants to open tomorrow, with a further 27 following throughout July.
-
NewsPrezzo announces phased reopening plans
Prezzo will have 20 of its restaurants reopened by the end of next week, with eight due to open on 4 July.
-
NewsCDG in restructuring talks
Causal Dining Group is in talks with advisory firm Alixpartners about a financial restructuring to secure the business through the coronavirus crisis.
-
NewsBoparan poised to take over Carluccio’s
Boparan Restaurant Group is poised to buy Carluccio’s out of administration, Sky News reports.
-
NewsPrezzo appoints advisors
Prezzo is the latest casual dining name to appoint in advisors to consider its post-coronavirus funding options.
-
NewsPrezzo offers staff ‘income streaming’
Prezzo has teamed up with Wagestream so its 3,000 employees can access their furlough pay early. Wagestream offers workers early access to their accrued pay when they need it, allowing them to withdraw a percentage of their earned wages for a flat £1.75 fee. Prezzo said offering staff the income streaming service would help them cope with additional pressures bought on by the coronavirus.
-
NewsDowney’s nine-month rent free proposal backed by industry leaders
Jonathan Downey’s nine-month rent time out proposal will be put to Government this week, backed by a number of industry leaders.
-
NewsDishoom says “Goodbye, for now”
Dishoom has become the latest operator to close its restaurants amid the continuing COVID-19 outbreak.
-
NewsYo!, Prezzo and Byron among latest casual dining closures
Yo!, Prezzo and Byron are some of the latest casual dining operators to temporarily close their doors.
-
Analysis & InsightSteve Gotham: Turning up the heat and other NPD delights
New product development (NPD) is rightly recognised as a lifeblood for the eating out industry, and MCA’s Menu Tracker offers insights into the latest menu trends and influences across 150 leading operators. This review only serve as a taster, but the three courses have each been accompanied with three key summary insights.
-
NewsAll’s fair in love and restaurants – how did the operators line up to fight for the Valentine’s share of wallet?
If French is the language of love, then presumably a French restaurant should be where I head with my true love on Valentine’s Day. Certainly, the leading French chains are using several seduction techniques to secure my custom – and for good reason. February is a slow trading month and an event where consumers might be more inclined to loosen the purse strings for fear of having their heart strings damaged, is well worth aiming to capitalise upon. So who offered what on the big day?
-
Analysis & InsightBangkok bounce back?
Once the darling of the Thai restaurant scene, Busaba has had a tough few years, with falling profits and site closures. Now with a simplified offer and a fresh focus on the capital, it’s looking to bounce back
-
NewsRetailers’ Retailer full nominees list revealed
The finalists for MCA’s Retailers’ Retailer Awards 2020 have been announced, with the cohort reflecting a diverse and vibrant range of eating and drinking out operators.
-
Analysis & InsightBranded restaurants with strongest sales growth offer least promotions
Top 25 branded restaurants offer seven promotions on average per brand, but those with the strongest sales growth offer an average of three, the MCA’s latest Operator Index has revealed.
-
NewsThe Highs and Lows of Promotions
In recent weeks I have looked into various elements of economising behaviour by consumers, including targeting low prices and more spending at weekends as opposed to weekdays, today’s focus is on the widely prevalent, yet potentially damaging, practice of promotional activity. Key questions asked include whether its usage is rising, who’s buying into the offers the most and what are the most popular promotion types. The core focus area is the key dinner day-part within the chain restaurant sector and the source of answers is MCA’s consumer tracking service, the Eating Out Panel.
-
NewsPuttshack announces new senior appointments
Puttshack has appointed Paul Hunter as operations director and Chris Lincoln as head of learning and development as the mini golf experience prepares for further expansion.
-
NewsFormer Diageo CEO joins Brockmans
Former Diageo CEO Paul Walsh has taken a stake in super-premium gin maker Brockmans.
-
NewsBranded restaurant market – green shoots of recovery?
Turning tables is a long-established practice in the restaurant market, albeit perhaps one more commonly associated with times of more buoyant trading than those currently prevailing. Highlighting just how fast the fortune tables can turn in this market, I was fascinated by some recent MCA analysis looking at physical growth by branded restaurant chains across different portfolio sizes. This year, the estate bracket sub-category that is anticipated to add the most net new sites will be ‘small’ operators.