All Prezzo articles – Page 6
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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 c65-strong pub arm – ...
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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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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
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NewsStraight outta Cornwall
For a number of years, Hubbox, the US street food-inspired concept, was one of the West Country’s best-kept secrets but securing new investment and a high-profile chairman over the past 18 months means the business will need to win over new fans. Mark Wingett talks to founder Richard Boon
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NewsMorrison steps down from Giggling Squid
Peter Morrison has stepped down as operations director at Giggling Squid, the BGF-backed Thai casual dining group
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OpinionMartin: ‘It only takes one optimist to agree a daft rent’
JD Wetherspoon’s outspoken founder and chairman Tim Martin shares his thoughts on ‘the insane rent review market’, and why it’s not necessary clear who’s to blame
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News
Turquoise Kitchen secures Loch Fyne site
Turquoise Kitchen, the Turkish concept from the group behind The Real China, has add a further three sites to its estate
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Analysis & InsightGreater use of psychological pricing expected
The use of psychological pricing is expected to increase, as market conditions remain tough and operators try to tempt customers through their doors, according to new MCA research.
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OpinionAre landlord-only CVAs prolonging the slow death of the high street?
REL Capital chairman Andy Scott asks if the latest wave of CVAs is being used as a disingenuous attempt by high street brands to dodge their rent commitments