All articles by Shwetali Sapte – Page 99
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News
Sukho Group reports post-pandemic bounceback
The multibrand restaurant group, comprising Zaap Thai and Sukho Thai, has reported £13.5m in sales for the year ending March 2022
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News
Greggs: ‘It’s the first time we’ve hit £1.5bn’
Following the announcement of 2022 sales of £1,513m yesterday, CEO Roisin Currie discussed expanding the Greggs offer through drive-thrus and day parts
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News
Chotto Matte appoints global marketing director
The Nikkei concept has appointed Ben Hedley, formerly of Burger & Lobster, as global marketing director
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News
Famously Proper looks to secure pre-pack deal
The Byron and Mother Clucker owner has filed a notice of intention to appoint administrators but is confident it will secure a rescue deal
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News
Greggs continues robust trading
The food-to-go retailer has reported total sales of £1,513m for the year ended 31 December 2022, up 23% from £1,230m in 2021
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News
Nightcap restructures to operate as single group
Nightcap has announced it will operate as a group rather than three companies – The Cocktail Club, Adventure Bar Group, and Barrio – beginning this month
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Analysis & Insight
Christmas trading at pubs remains down on pre-pandemic levels
Key Christmas trading days saw draught beer and cider sales 13.6% down on 2019, according to Oxford Partnership
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News
Admiral Taverns turnover boosted by Hawthorn integration
The c1,550-strong pub operator reported turnover of £152.8m following the successful integration of the Hawthorn Community Pub Company
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News
Openings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from Vapiano, JDW, Fridays and Chopstix
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News
Interest rates rise to 3.5%
The Bank of England has lifted interest rates to a 14-year high of 3.5% yesterday, with the expectation the UK will fall into recession this quarter
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Analysis & Insight
Eating out market expected to total £101bn in 2025
The eating out market is expected to total £101bn following stability in inflation and recovery in consumer spending power, according to the Lumina Intelligence
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News
Nightcap grants share options to employees
The Cocktail Club, Adventure Bar Group, and Barrio operator announced it has granted a total of 2,690,000 share options to a number of employees
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News
UKHospitality: ‘Certainty needed on future of energy support scheme’
Responding to yesterday’s inflation figures, UKHospitality CEO Kate Nicholls said businesses are experiencing inflation across operations
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News
City Pub Company: ‘We are curtailing our expansion and refurbishment plans’
Chairman Clive Watson said expansion plans have been paused amid staff shortages, higher operating costs, and decline in spend
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Analysis & Insight
Staff shortages cause one third of businesses to reduce Christmas trading hours
13% of businesses are reducing opening days and 35% are simplifying menus due to staff shortages, according to UKHospitality and CGA
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News
Pizza Pilgrims: ‘Pizza in the post was a big driver for expansion’
Speaking at MCA’s Omnichannel Conference, head of marketing Ruth Carpenter spoke about building the brand outside London
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News
Azzurri Group unveils new sustainable dining strategy
The Recipe for a Better Future report sets out the goals of providing carbon labelling and making 65% of dishes low carbon options
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Analysis & Insight
FSB warns of closures if energy relief ends
More than two in five small hospitality businesses have said they plan to close, downsize, or restructure if energy relief comes to an end in April
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News
Inflation for restaurants and hotels at 30-year high
The annual inflation rate for restaurants and hotels was at 10.2% in November, the highest rate since the estimate of 10.5% in December 1991
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News
Bowland Inns & Hotels makes first post-pandemic acquisition
The 10-strong Lancashire operator has acquired the Assheton Arms in Downham and is looking to expand further