All articles by Shwetali Sapte – Page 104
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NewsCornish Bakery continues rapid expansion
The c55-strong independent bakery chain plans to open five sites in the coming months, with further sites in legals
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Analysis & InsightHospitality accounts for 10% of UK administrations in 2023
A total of 759 businesses – 79 of which came from the hospitality industry – filed for administration between 1 January and 30 June 2023, according to law firm Shakespeare Martineau
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InterviewsHawksmoor: ‘We want to make sure we trade our socks off’
The steak restaurant group has seen both covers and spend in growth this year - with 8,600 steaks sold as a result of its £15 deal - and is actively looking at the US for further expansion opportunities, CEO Will Beckett tells MCA
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InterviewsLiberation Group looking for ‘coherent strategy’ from government
The pub operator and brewer is eager for stability and a strategy that “allows businesses to actually plan,” CEO Jonathan Lawson tells MCA
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NewsFired Up Collective acquires Dorset pub
The boutique hospitality group, founded by Andy Lennox, plans to expand its fledgling pub business with the acquisition of The Good Yard Pub in Broadstone
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NewsJDW's Tim Martin criticises Daily Mail for 'alarmist' claims
The J D Wetherspoon chairman has criticised The Daily Mail for a story about pub closures, calling it “inaccurate and alarmist”
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NewsPunch reports strong performance across divisions
Punch Pubs has updated on the 12 weeks ended 21 May 2023 (Q3 FY23), with total revenue of £75.8m and underlying EBITDA of £20.3m
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Analysis & InsightCan AI deliver on its promises?
MCA explores the implications of artificial intelligence for hospitality, its potential to improve the experience for businesses and customers, and whether it will live up to the hype as a revolutionary piece of tech
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News
Liberation Group appoints David Kelly as chair
Kelly will assist with the development of the group’s accommodation business, a key strategic objective for Liberation Group
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Analysis & InsightBrits lose trust in politicians to protect pubs
Two in five (43%) of Brits do not trust Conservative, Labour, or Liberal Democrat party leaders to look out for the interests of pubs, according to CAMRA
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InterviewsIncipio Group: ‘We’re very early in our journey’
The Pergola and Lost in Brixton operator has an “exciting pipeline” of upcoming sites, and continues to eye expansion outside London and overseas, CEO Ed Devenport tells MCA
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Analysis & InsightInvestment demand in hospitality and leisure space remains low
Investment demand is currently at just 13.9% across the hospitality and leisure space, according to property finance specialist Sirius
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NewsShaftesbury Capital: ‘Heart of West End remains attractive’
The landlord has reported “excellent momentum” across its portfolio, with high footfall and positive trading conditions despite the economic climate
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NewsYum! Brands sees growth in KFC UK sales
KFC UK sales were up 10% year-on-year in the second quarter and up 7% in the year to date, while sales remained stagnant for Pizza Hut Europe
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InterviewsPermanently Unique to launch third concept
The group, formerly known as Tattu, will launch a second concept called Fenix followed by a third concept in Manchester next summer, co-founder Adam Jones tells MCA
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InterviewsTwo Magpies in talks for new investment
Two Magpies Bakery is exploring its funding options with the aim of opening up to 10 sites per year, owner Steve Magnall tells MCA
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InterviewsGreggs to expand further into airports and supermarkets
The retailer is looking to leverage its growing evening trade, while also looking into opportunities to go international further down the line, according to CEO Roisin Currie
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NewsPopeyes secures £50m from TDR Capital
The QSR chain, which has 27 locations across the UK and 4,000 globally, has secured £50m of additional funding from the private equity firm to drive its next phase of growth
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NewsTrust Inns sees profits recover
The Lancashire-based operator, which has an estate of c340 pubs, reported turnover of £38.3m for the year to April 2023
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NewsLiberation Group reports strong first half
The group’s H1 2023 trading update saw overall like-for-like (lfl) sales up 8.1% within its managed pub estate, with accommodation performing particularly well