All Prezzo articles – Page 4
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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.
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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.
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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.
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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.
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NewsFormer Diageo CEO joins Brockmans
Former Diageo CEO Paul Walsh has taken a stake in super-premium gin maker Brockmans.
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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.
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NewsPrezzo made £29.7m loss in 2018 after CVA
Prezzo made an operating loss of £29.7m in 2018 following the CVA that saw it close nearly 100 restaurants.
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OpinionAnalysts’ corner: Mitchells & Butlers
A material re-rating should lie ahead if the business continues to executive its operational improvement and de-leveraging plans, believe analysts at Berenberg.
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NewsPrezzo appoints David Haimes to Board
Prezzo has appointed David Haimes as non-executive Director. Haimes has spent over 20 years in the food and drink industry, including CEO of Obikà Mozzarella Bars & Restaurants and MD at brands including Yum! Brands, Itsu, Luminar Leisure and Tchibo GB.
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Analysis & InsightEvolving before our eyes
The pace of change is speeding up and nowhere is this clearer than in the UK’s eating and drinking-out sector. Over the last five years, AlixPartners and CGA’s Market Growth Monitor has tracked some seismic changes across the industry – from the drinks-led renaissance to the burgeoning impact of delivery. There’s not been a dull moment, say AlixPartners’ Graeme Smith and Craig Rachel.
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NewsJamie’s suffered a death by too few cuts
The news that Jamie Oliver Restaurant Group was calling in administrators may not have been unexpected but the dramatic exit of a casual dining pioneer from the UK high street was unsettling for the entire industry. MCA editor James Wallin looks at what went wrong and whether this represents a second wave in the CVA saga that has dominated the past year.
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NewsCity Pub Group YTD sales up 35%
City Pub Group has issued a trading update ahead of its AGM today, in which it revealed that sales for the 19 weeks to 12 May were up 35% on the previous year.
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News
Former Tasty and Giggling Squid directors prep new venture
Former Tasty managing director Jo Morrison and Giggling Squid operations direction Peter Morrison are launching a new all-day dining restaurant concept in Hove.
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Analysis & InsightTime for a chain reaction?
CVAs offer a lifeline for struggling chains. But long-term, can the very notion of a ‘quality chain’ survive this current casual dining crisis? In his monthly column for MCA’s sister-title Restaurant, Tony Naylor shares his, perhaps controversial, views.
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NewsFast food brands top fastest growth index
The top three fastest growing brands in the UK eating out sector in 2018 were fast food brands, the latest MCA data shows.
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NewsCity Pub Group lfls up 1.6% in 2018
City Pub Group has reported like-for-like sales (lfls) up 1.6% in 2018, with revenue up 22% to £45.7m.
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NewsSplendid eyes mini rollout for Coluco
Splendid Restaurants operations director Paula Righton has told MCA she sees potential for a small-scale rollout of new café bar concept COLUCO.
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Analysis & InsightThai restaurant chains leading on rate of growth
The number of chain Thai restaurants have more than doubled over the past five years to December 2018 – up 123%, to 147 sites, with the Asian sector “ripe for further M&A activity”, according to CGA and AlixPartners’ latest Market Growth Monitor.
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Analysis & InsightBig no longer beautiful among casual restaurant brands?
Are the days of restaurant brands growing to 100+ sites really over? MCA’s market insight director, Steve Gotham, takes a look at what can be learnt from the chains that have already surpassed this milestone and who has the potential to be the next centurion of casual dining.