All articles by Shwetali Sapte – Page 106
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Analysis & InsightBranded restaurant forecast to recover to 98% of 2019 value
The UK eating out market is forecast to see turnover of £95.2bn in 2023, driven by continued inflation, according to Lumina Intelligence
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InterviewsBig Table Group: ‘We’re the best capitalised restaurant group in the UK’
CEO Alan Morgan tells MCA about plans to invest in new sites, roll out Super Nonna and explore conversions for Banana Tree
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NewsJamie Oliver hasn’t ‘lost faith’ in the industry
The chef has said the collapse of his restaurant chain was ”utterly devastating” - but he hasn’t “lost faith” as he pushes ahead with plans to open a new restaurant
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NewsCake Box receives takeover offer
The London-listed 230-strong bakery chain has received an offer from privately owned Australian group The Cheesecake Shop
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NewsTattu rebrands as Permanently Unique
The independent restaurant group has rebranded as part of plans to launch a new concept and grow the brand internationally
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NewsHawksmoor announces £15 deal on strike days
The steak restaurant group will offer £15 steak and frites to encourage customers to visit venues during the upcoming rail and tube strikes
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NewsFuller’s sees strong start to summer
Fuller’s has provided a trading update ahead of its AGM today, with like-for-like sales rising by 15.1% in the 15 weeks to 15 July 2023
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Analysis & Insight
Pressures to grow shareholder returns remains for TRG
The pressure to make large disposals also remains, with shareholder Irenic saying improved trading ’highlights the gap between the company’s intrinsic value and its significantly lower share price’
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Analysis & InsightWimbledon boosts restaurant sales in SW19
The local area saw an 18.7% rise in spend on restaurants between 3-16 July compared to the previous fortnight, according to new data from Barclays
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NewsChipotle signs first franchise agreement
Chipotle has signed its first ever franchise agreement with Kuwait-based Alshaya Group to open locations in the Middle East
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NewsChatime secures funding boost
The bubble tea concept, which has 30 stores in the UK and 2,500 around the world, will allocate the funding to launch a food offer
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NewsMcDonald’s says it has 'fallen short'
The chain has “deeply apologised” following a BBC investigation that revealed over 100 allegations from workers relating to sexual assault, harassment, racism, and homophobia
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NewsInflation falls faster than expected
Annual inflation for restaurants and hotels was 9.5% in June, down from May’s 10.3%, while the rate food and non-alcoholic beverages dropped to 17.4%
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NewsTRG reports strong trading in year to date
The Restaurant Group has said it is reviewing its strategic options while accelerating the expansion of Wagamama, and reported progress on the rationalisation plan for its leisure estate
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InterviewsHickory’s: ‘We made a lot of mistakes along the way’
Following last year’s acquisition by Greene King, MCA visits Hickory’s MD John Welsh in Huddersfield to hear about the potential for the smokehouse concept to become a truly national brand - and the authority on American BBQ in the UK
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Analysis & InsightMenu prices rise while business confidence drops
Cost pressures have resulted in menu prices rising by an average of 13% in the past 12 months, with just half of operators optimistic about business prospects, according to CGA and Fourth
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NewsBrewDog plans to triple estate
The brewer and bar operator aims to grow to more than 300 bars globally, with an eye on international markets including India, Italy, the Netherlands, and Thailand
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NewsFurther industrial action announced
Aslef has announced another week of summer industrial action, through an overtime ban from 31 July to 5 August
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NewsTurtle Bay announces 'record year'
The Caribbean restaurant group reported record sales of £90.1m for the year ended April 2023, along with like-for-like growth of 32.6% vs 2019
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NewsStonegate and City Pub Group join BBPA
The British Beer and Pub Association, whose members collectively represent over 20,000 UK pubs, has welcomed 13 new members this year