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All Prezzo articles – Page 5
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News
Richoux H1 revenue down 10.3%
Richoux Group, the Jonathan Kaye-led listed restaurant group, has reported revenue down 10.3% in the 26 weeks to 1 July compared to the comparable 28-week period last year.
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NewsClick & collect orders up 70% at Prezzo
Prezzo, the TPG-backed Italian restaurant chain, has grown sales from click-and-collect orders by 70% within just one month of a new partnership with online ordering platform, Orderswift.
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Analysis & InsightItalian and Latin cuisines losing market share
Italian and Latin/South American cuisines have both lost share of the UK restaurant market over the past year, according to the latest MCA data.
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NewsJones: 'Prezzo lost its focus on hospitality'
Prezzo executive chair Karen Jones has told MCA’s Restaurant Conference about her decision to take charge of the struggling brand and mission to “make customers love it again”.
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NewsEx-Wahaca people director to joins Bill’s
Odette Schwartz, who earlier this year stepped down as people director at Wahaca, is set to join Bill’s, the Richard Caring-backed restaurant chain, as its new full-time HR director, MCA has learnt.
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Opinion
Pizza Hut seeks marginal gains in a heated market
While the restaurant sector was seeing an explosion of growth, Pizza Hut Restaurants remained focused on consolidating and investing in its estate. Chief executive Jens Hofma, who led the management buyout of the business this year, talks to James Wallin about a return to growth, his concerns about the sector’s obsession with like-for-like sales growth over protecting margins and his frustration that responsible operators have been penalised in the CVA era.
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News
Tony Macaroni eyes 20 franchise openings in 2019
The Tony Macaroni brand is eyeing up to 20 new franchise openings in England and Northern Ireland during 2019.
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NewsBill’s appoints interim HR director
Bill’s, the Richard Caring-backed restaurant chain, has appointed Bridget Hutchinson, formerly of Whitbread and Prezzo, as its interim HR director.
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NewsTRG to acquire Food & Fuel
The Restaurant Group (TRG) has agreed to acquire Food Fuel, London-based food-led pub operator, in a deal valued at c£15m. MCA understands that the 11-strong Food Fuel business, which comprises eight gastropubs, one sports pub and two café bars, will be incorporated into TRG’s ...
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NewsPizza Hut CEO pledges to protect margins over lfl growth
Jens Hofma, chief executive of Pizza Hut Restaurants UK, has told MCA he believes the industry is obsessed with like-for-like growth ahead of protecting margins and that the brand will not be drawn back into the discounting wars.
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NewsJohnson linked to Gaucho bid
Serial sector investor Luke Johnson is the latest name to be linked with a bid for Gaucho, the premium, steak restaurant chain, which was placed into administration last month.
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NewsRichoux acquires two Prezzo sites for Broadwick
Richoux Group, the Jonathan Kaye-led, listed restaurant group, has taken on two Prezzo sites for its fledgling Broadwick format.
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NewsCarlyle makes bid for Gaucho
Carlyle, the US private equity firm, has made a bid to buy Gaucho out of administration, Sky News reports.
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NewsProove testing out sites as it looks to establish itself as a brand
Proove Pizza is looking to test its concept in various types of location in order to develop itself as a brand.
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NewsWilkinson was in line to be Prezzo CEO
Simon Wilkinson was in line to become the chief executive of Prezzo
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NewsThe Cat’s Pyjamas strengthens pipeline
The Cat’s Pyjamas has lined up three further openings as it looks to eventually expand outside its Yorkshire heartland
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NewsPrezzo hires restaurant support director
Prezzo, the TPG Capital-owned chain, has appointed Jon Green, formerly of PizzaExpress and Tragus, as a restaurant support director.
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Analysis & InsightPremium casual is the future
In order for operators to boost their profit margins, is going premium casual the answer? David Abramson, CEO of leisure property consultant Cedar Dean Group believes it could be
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OpinionRestructural integrity
The past year has seen a host of high-street brands, including several in this sector, undergo restructuring. However, AlixPartners’ Graeme Smith explains that the process on its own is not enough and that businesses need to pursue a transformation to adapt and thrive.
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NewsThe rise of the CVA – the licensing view
With the rise in the number of company voluntary arrangements (CVA) what, from a licensing perspective, do operators need to be aware of when a company is nearing the point of entering into such an arrangement? Poppleston Allen’s Jonathan Smith explains more