Restaurants News – Page 64
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NewsWright Brothers signs for Frederick’s Place
Wright Brothers has signed for a new London restaurant at 1 Frederick’s Place, in the City.
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NewsFive Guys to pursue ‘more aggressive growth’ in 2020 with 14 openings
Five Guys will pursue “even more aggressive growth” in 2020, with 14 units lined up in the UK, CEO John Eckbert told MCA’s Food to Go conference.
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NewsSteve Gotham: Recovering confidence and and accelerating growth in 2020
Encouragingly for most, MCA predicts that 2020 will see stronger net physical increases in store portfolios across the majority of leading operators.MCA’s Operator Data Index includes over 350 branded operators with five or more outlets at December 2019. These stretch across the full spectrum of the market and account for close to 27,000 outlets which claimed modest overall year on year growth of just under 1% in 2019. We are expecting this growth rate to double to 2% in December 2020, with over 500 net new outlets to open, equating to 11 per week.
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NewsJKS counts cost of Gymkhana fire damage as it reopens
JKS Restaurants lost £1.52m in estimated damage and £2.43 in lost income as a result of the fire at Gymkhana.
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NewsBuck Street Market announces initial operator line-up
Buck Street Market, LabTech’s eco-led container market, has announced the first three operators to join its food and drink offering line up.
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NewsPeter Martin: Fairness and equality – the campaign still has a way to go
There’s good news and bad news on the diversity front this month. New official figures show that 33% of all FTSE 100 board directors are now women, hitting the Government’s own target a year early, and up from just 12.5% less than a decade ago. That’s the positive bit – and the fact the milestone was achieved on a voluntary basis, without the need for legislation, fines or penalties, received big thumbs-up from business secretary Andrea Leadsom.
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NewsSaucy looks to sell East Dulwich
Saucy, the restaurant from former Merlin global brand director Jules Heaton, is selling its East Dulwich site after just over six months, MCA understands.
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NewsGlobal Korean restaurant lands UK debut
International Korean BBQ brand Han Fu Gong is opening in Camden for its UK debut.
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NewsRegional restaurants spearhead January sales
Restaurant groups were at the forefront of January’s industry sales uplift with like-for-like’s up 2.5%, the latest Coffer Peach Business Tracker has revealed.
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NewsWonderland Restaurants launches DC-inspired immersive concept
Immersive restaurant company, Wonderland Restaurants, has announced the upcoming opening of its first concept: Park Row.
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NewsPret ‘behind the curve’ on digital
Pret has been a “bit behind the curve” in terms of digital innovation, UK MD Clare Clough has told MCA’s Food to Go conference.
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NewsRestaurant model ‘too exclusive’ for Slaw
Slaw co-founder Gijs Dutry van Haeften told delegates at MCA’s Food To Go event last week that the plant-based challenger brand has decided to dispose of its restaurant to focus entirely on food-to-go.
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NewsReal Eating Co takes second Eat site, in Canterbury
The Real Eating Company has taken a second Eat site, with a new opening in Canterbury’s Whitefriars scheme.
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NewsPho: 'Four more non-London sites are definitely in the pipeline’
The co-founder talks about the launch of the street food chain’s first vegan menu and why it’s all about texture with Vietnamese cuisine.
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NewsBorough Market food court goes back to basics
Borough Market “went back to basics” in the creation of its new food court, explained MD Darren Henaghan at MCA’s Food To Go conference last week.
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NewsSoho House-backed group looks to exit more leases
Quentin Restaurants is looking to continue to consolidate its portfolio and focus on more profitable sites following losses of £13.1m in 2018.
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NewsCasual Dining back in growth in 2020
The leading casual dining brands are set to return to growth of around 1% in 2020, according to MCA Insight. The growth was largely due to a combination of inflationary pressures easing, and the stablising political climate boosting consumer confidence, it said. The sample of 250 casual dining brands, from large operators like KFC down to smaller operators like Flat Iron, found growth would return in 2020 after declines of -3.5% and -2.8% across 2018 and 2019.
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NewsHop to launch digitalised store
Hop Vietnamese will be launching its “Hop 2.0” digitalised store this year, founder Paul Hopper revealed at MCA’s Hostech event last week.
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NewsCatch Seafood acquires pair of Leeds sites
Catch Seafood, the fish and chip restaurant operator, has acquired two new sites in Leeds.
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NewsInnventure sales up 14.5%
Seven-strong gastropub operator Innventure has reported a year on year sales uplift of 14.5% for the year ended 29 June 2019.