All Strada articles – Page 11
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NewsGiggling Squid to double in size
Giggling Squid, which will open its tenth site at the start of next month in Sevenoaks, plans to double in size in the next 12 months
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Analysis & InsightThe story so far
The first half of this year has underlined the feeling that the UK’s eating and drinking-out sector is slowly, but surely pulling itself out of the downturn. Vibrancy has returned to the market, while even pub groups are looking at entering the fast casual market, but will the next six months and beyond cement this position?
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OpinionBranded chain success is not a given
Allegra Foodservice expects the total UK restaurant market to grow by 1.7% to reach £48bn by the end of 2014. While this rate might appear relatively modest, it reflects the point that the market is by no means firing on all cylinders – and that trading conditions, whilst improving, remain challenging for many. Steve Gotham, insight director at Allegra Foodservice, assesses the situation
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NewsCarluccio’s returns to Oxford
Carluccio’s, the all-day Italian café chain led by Simon Kossoff, is to return to Oxford, five years after the group pulled out of the city
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NewsOperators trial “geo-fencing” app
A number of leading operators have begun trialling “geo-fencing” technology which enables users of a smartphone app to receive notifications automatically whenever they enter a specific radius of one of their sites
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NewsNando’s owner considers Strada bid
Capricorn Ventures, the private equity backer of Nando’s, GBK and Wahaca, has run the rule over the rump of the Strada estate
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NewsHummus Bros rebrand before seeking expansion
Hummus Bros, the London-based concept by Christian Mouysset and Ronen Givon, is undertaking a programme of refurbishments and rebranding coupled with launching a breakfast menu at its four sites in the capital, M&C Report has learnt
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NewsM&C20 hits six-month low
The M&C20 Leisure Index fell to its lowest point since December this week, sliding 35 points to 1,178 – just 118 points ahead of the All Share Index, which was down 7 points at 1,059
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News
Zolfo: Large number of expressions of interest in Strada
The advisor handling the sale process for Strada has said it has had a large number of highly credible expressions of interest in the business, which is valued at £40m
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NewsTragus gets landlord support for CVA
Tragus has received support from 85-90% of landlords and creditors in regards to a Company Voluntary Agreement (CVA), which will see the company shed up to 40 sites from its Café Rouge and Bella Italia estate.
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Diary
Diary: Tragus, Spirit, Domino's, Stonegate
This week’s Diary includes BrewDog’s dogged expansion, Barber giving more fundraising details, Domino’s going voice-activated, and where next for the Strada estate? Single site scramble While the futures of Café Rouge and Bella Italia will become clearer on Friday, the next stage in the life span of Strada ...
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Weekend Press
Weekend press round-up, 7-8 June
Companies and results Kaye out for bigger pizza the action Catering to the taste buds of middle England is in the blood of Jonathan Kaye, who as chief executive of Prezzo is preparing for the opening in York of the Italian chain’s 200th restaurant. Diners at its eateries nationwide will ...
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NewsSuitors eye Strada rump
Suitors bidding for the 56-strong Strada brand, which was put up for sale by Tragus last week, are set to bid on the rump of the group’s estate, with up to 15 individual site sales expected to go through over the next few weeks, M&C Report understands
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News
Parsons takes permanent Welcome Break role
Lisa Parsons, former commercial director at Tragus, has joined roadside services operator Welcome Break as on a permanent basis as its marketing and commercial director
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NewsTragus sets CVA deadline
Tragus landlords and creditors have been given a deadline of 20 June to vote on CVA proposals for the company
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NewsTragus to undergo restructuring
Tragus is to undergo a financial restructuring, which will include the launch of company voluntary arrangements (CVAs) for Café Rouge and Bella Italia, and the sale of Strada, to ensure a long-term sustainable future for the business
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News
United Ramen confirms ex-Strada site deal
United Ramen, the Japanese restaurant and takeaway concept, has confirmed it will be opening its first site under the Live4Food group on an ex-Strada site in London
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NewsTragus brings in new team for Strada
Tragus has appointed a new management team to realise the potential of its Strada brand, a process that could eventually lead to it exploring options for the chain
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NewsCarluccio’s launches delivery service
Carluccio’s has become the latest sector operator to have teamed up with Deliveroo to launch a new delivery service at one of its London sites
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NewsApollo acquires Tragus, Derkach to step down as CEO
John Derkach is to step down as chief executive of Tragus after Apollo Global Management, which already held the majority of the group’s debt, acquired the business from Blackstone. Steve Richards has been appointed as the c300-strong group’s new chief executive