All articles by Shwetali Sapte – Page 86
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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
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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