All articles by Shwetali Sapte – Page 78
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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
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NewsAndy Wood to step down as Adnams CEO
As part of Adnams’ long term succession planning, Dr Andy Wood OBE DL will retire from his role at the end of 2024, with the search for his replacement in progress
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NewsChipotle looks to pick up pace of UK growth
CEO Brian Niccol has said the Mexican-inspired chain sees strong opportunity and looks to “set up” the region for long-term growth
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InterviewsSwingers sees ‘clear roadmap’ in US
The crazy golf concept will continue to prioritise the US for expansion as it aims to reach a 15-strong global estate by 2026, co-CEO Matt Grech-Smith tells MCA
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NewsMcDonald’s: UK close to worst consumer climate in Europe
The fast food giant is trialling a small-format concept called CosMc’s and remains “overall pleased” with the performance of its European markets, says CEO Chris Kempczinski
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InterviewsMarston’s: ‘The strategy is paying off’
CEO Andrew Andrea speaks to MCA about rolling out a franchise-style model, simplifying the offer, and “doing fewer things better”
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InterviewsRevolution Bars Group: ‘The future is positive’
Group CEO Rob Pitcher speaks to MCA about maintaining faith in the bars business, growing its food hall concept, and expanding Peach Pubs when the time is right
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NewsOllie’s House to open in Parsons Green
Megan’s on the Green has closed to focus on bigger venues, with ‘little brother’ pan-Asian concept Ollie’s House to open at the former Parson Green site
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NewsAdmiral Taverns: ‘It’s been a strong six months’
Sales are up 10% year-on-year, with the Proper Pubs division outperforming the rest of the estate and providing more than 25% return on investment, CEO Chris Jowsey tells MCA
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NewsLate night demand continues to slide for Revolution Bars
Group like-for-like sales were down 8.7% vs pre-Covid, while Peach Pubs continues to trade strongly at 14% ahead of pre-pandemic
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NewsMarston’s retains strong consumer demand
Marston’s has issued a trading update for the 42 weeks to 22 July 2023, with like-for-like sales for the period up 10.7% vs FY2022
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Analysis & InsightSunshine warms up June sales
Total like-for-like sales rose 6.7% in June, with pubs seeing a 10.8% rise – particularly those offering outside space, according to the Coffer CGA Business Tracker
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Analysis & Insight‘Solid headline performance’ drives pub sector resilience
The pub sector remained resilient in H1 2023, amid a strong interest for quality assets and some easing of headwinds, according to a report from Christie & Co
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Duck Donuts to make UK launch
The Pennsylvania-based coffee and donut chain has signed a new franchise agreement to enter its first European market
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NewsChipotle unveils new premium design
The Mexican-inspired concept’s has launched a partnership with Harrison by revealing a new modernised design at its flagship Westfield London venue
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NewsJeremy King to launch two further restaurants
In addition to returning to the restaurant scene with The Park - due to open in spring next year - King will launch another two restaurants in the West End
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NewsActivist investor weighs bid for TRG divisions
Activist investor TMR Capital is reported to be weighing a bid for The Restaurant Group’s Brunning & Price and Leisure divisions
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Analysis & InsightQSR forecast to expand in value by £2.3bn
QSR is forecast to expand by £2.3bn from 2019-23, driven by physical expansion, tech-led innovation, and the low-ticket nature of the segment, according to Lumina Intelligence
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InterviewsBig Fang Collective to launch new concept
The business is also aiming to grow its Golf Fang estate to 12, with an eye on London, Nottingham, Leeds, and Manchester, CEO Natasha Waterfield tells MCA