All Restaurants articles – Page 2
-
NewsTRG’s remuneration and share plan overhaul approved
The Restaurant Group’s proposed new remuneration policy and restricted share plan has been approved by shareholders.
-
NewsMcDonald’s global sales still in decline
McDonald’s has started to see a modest recovery across its markets, though global and UK sales are still down.
-
NewsWhich Wich launches delivery kitchens
Which Which, the US sandwich chain, is expanding its UK operations with the launch of two new dark kitchens, in Battersea and Bethnal Green.
-
Analysis & InsightFood to go to see 41% bounce back in 2021
Food to go will see a significant bounce back from its 2020 decline next year, increasing its share of the overall eating out market, according to Lumina Intelligence.
-
NewsTRG hopes to be “one of the long-term winners” with 40% retained estate
The Restaurant Group has reported “very encouraging” post-lockdown trading as it hopes its 60% estate reduction will allow it to emerge as “one of the long-term winners.”
-
NewsSoho Summer Street Festival extended
The partial pedestrianisation of streets in Soho is to be extended until the end of October, Westminster Council has confirmed.
-
NewsSales plummet at GBK
Gourmet Burger Kitchen system-wide like-for-like sales fell 66.2% for the six months to 27 August 2020, parent company Famous Brands has reported.
-
NewsVarious Eateries enters AIM
Various Eateries, the Hugh Osmond-backed operator of the Coppa Club, has entered its first day of trading on the AIM today (25 September).
-
Analysis & InsightSunak’s winter plan ‘nowhere near enough’
The Chancellor’s Winter Economy Plan has been met with dismay from the industry, with proposals of a 33% wage subsidy and two-month VAT cut extension a far cry from the levels of support needed to see businesses survive.
-
NewsBoparan swaps Carluccio’s for Slim Chickens in Trafford Centre
Boparan Restaurant Group (BRG) is to open the ninth branch and largest Slim Chickens restaurant to date in Manchester’s Trafford Centre in November.
-
NewsTRG revises remuneration policy
The Restaurant Group has announced its intention to replace its performance-based long-term incentive plan (LTIP) with a restricted share plan. The company’s existing remuneration policy is set to expire in 2021, but given the “exceptional events” of 2020 related to the pandemic, the committee has decided to accelerate its review and has recommended a new plan “which is better aligned to the long-term interests of the company and its shareholders.”
-
NewsWhitbread non-exec steps down
Whitbread non-executive director Deanna Oppenheimer is to step down from the board this year.
-
NewsWelcome Break shows “resilience” in post-lockdown recovery
Motorway service operator Welcome Break has seen a “resilient” recovery in sales post-lockdown, owner Applegreen has announced.
-
NewsGBK enters sales process
Gourmet Burger Kitchen parent company Famous Brands has initiated a sales process for the chain. Last month, the South Africa-based group said it was continuing to explore “all options” to ensure the long-term sustainability of the brand in light of the coronavirus crisis, but has since decided to let go of the business.
-
InterviewsRare Restaurants CEO Martin Williams: ‘Rule of six could boost bookings’
The government’s new ‘rule of six’ mandate could prompt consumers to dine out in larger mixed groups, Rare Restaurants CEO Martin Williams has said.
-
NewsDomino’s delivers 5,000 new jobs after strong lockdown trading
Domino’s UK & Ireland will be hiring an additional 5,000 staff following a surge in demand during the coronavirus crisis.
-
InterviewsRockfish CEO Mitch Tonks: Lockdown made us realise our staff model was unsustainable
The co-founder of Rockfish restaurant group and fine dining restaurant The Seahorse on streamlining his business post lockdown, changing his approach to staff and weathering the coming winter.
-
Analysis & InsightOne in four operators remain closed post-lockdown
Nearly a quarter of the UK’s licensed premises were yet to reopen by the end of August, with the London market particularly slow to recover, according to CGA and AlixPartner’s latest Market Recovery Monitor.
-
Analysis & InsightEat Out sees sector lfls bounce back to 2019 levels
Managed pub, restaurant and bar groups saw collective like-for-like sales bounce back to 2019 levels because of the government’s Eat Out to Help Out scheme, according to the latest Coffer Peach Tracker from CGA.
-
Analysis & InsightOperators avoid significant menu price hikes post-lockdown
While menu prices have slightly increased since lockdown ended, operators have avoided making significant price hikes despite the financial impact of the coronavirus crisis, according to Lumina Intelligence’s Menu Tracker.