All TGI Friday’s UK articles – Page 7
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NewsHennessey steps down from TGI Fridays UK
TGI Fridays UK chairman Murray Hennessy has stepped from his role as part of the brand closer alignment with owner Electra Private Equity.
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NewsElectra: TGI recovery plan on track
Electra Private Equity has stressed that a recovery plan is in place at TGI Fridays UK aimed at increasing resilience and value prior to exits in an acceptable timeframe.
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Analysis & Insight
Sector sagas keep us all guessing
Dominic Walsh reflects on an action-packed few weeks in the sector, which has seen big deals, high-profile resignations and further twists in the Patisserie Valerie saga.
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NewsLost Boys Pizza to open second site, with Absinthe bar
Vampire-themed operator Lost Boys Pizza, is to open its second site this December, in Camden.
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Analysis & Insight
In other news
Whilst last week’s news was dominated by the fast-moving story at Patisserie Holdings, the last month has shone a light on a number of other companies in the sector, which are faced with their own issues and questions about their future. Mark Wingett gives his thoughts on the Coaching Inn Group; TGI Fridays; Five Guys; The Restaurant Group (TRG); and Gordon Ramsay.
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NewsJDW defends treatment of workers
JD Wetherspoon has issued a spirited defence of its treatment of workers ahead of today’s strike at two of its pubs.
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OpinionThe tip that became a shove
The brief announcement at the foot of the Conservative Party conference yesterday that the Government would finally push forward legislation on tipping, was met with carefully worded statements of support from several high-profile brands. Off-the-record, however, operators were seething at the manner in which this has been announced and the lack of detail provided. James Wallin rounds up some of the sector’s concerns about this tipping point.
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NewsYumpingo signs TGI Fridays as first US customer
Restaurant intelligence platform, Yumpingo, has made its debut in the UK after signing a deal with TGI Fridays.
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NewsForrester to chair Vagabond
Karen Forrester, the managing director of TGI Fridays, is to become chair of Vagabond, the London-based wine bar business led by Stephen Finch, MCA has learnt.
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NewsTGI Fridays appoints marketing director
TGI Fridays UK has appointed Al Gounder, formerly McDonald’s, as its new marketing director
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NewsElectra ends formal sales process but talks continue
TGI Fridays UK backer Electra Private Equity has ended its formal sales process but said discussions continue on possible individual portfolio or group sales.
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Opinion
Summer reading
With August fast approaching and many sectors leaders heading for their summer break, MCA caught up with a few of them to gauge their impressions of the year so far. Discussing their thoughts on successes, surprises and challenges of 2018, and their predictions for the closing months, as well as countering some misconceptions about the sector are: TGI Fridays’ Karen Forrester, Gerry Carroll of Hawthorn Leisure, Amber Taverns’ James Baer, Nick Collins of Loungers, Bistrot Pierre’s Nick White, Simon Potts of the Alchemist and Scott Collins of MEATliquor, among others.
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Analysis & InsightTwo out of three operators implement regional pricing
On average, two out of three operators surveyed in MCA’s latest Menu Tracker report vary their prices dependent on region, with JD Wetherspoon, All Bar One and O’Neill’s among the operators with the largest differentials.
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NewsSSP extends Jamie Oliver tie-up outside Europe
SSP is to open its first site outside Europe with the Jamie Oliver Group after securing units in Bahrain International Airport to open a first Jamie’s Deli and Pizzeria.
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NewsBidvest renamed Best Food Logistics
Wholesaler Bidvest Logistics has rebranded as Best Food Logistics.
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Analysis & InsightGreater use of psychological pricing expected
The use of psychological pricing is expected to increase, as market conditions remain tough and operators try to tempt customers through their doors, according to new MCA research.
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NewsValue of TGI Fridays UK drops
Electra Private Equity, the backer of TGI Fridays UK, has this morning reported it has experienced a £13m drop in the fair value of the Karen Forrester-led restaurant chain over the year to 31 March 2018.
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Analysis & InsightFilter out the ‘fake news’
Gauging customer satisfaction has never been easier – just check social media. However, getting that feedback in time to diffuse any potential problems, remains a key challenge for operators. Gary Goodman explores how Net Promoter Scores can be mined and fake news avoided online
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Analysis & Insight
Jones goes back to the coalface
TPG Capital has returned to a trusted lieutenant, and one of the most impressive operators in the UK’s hospitality sector over the last 25 years, in a bid to move Prezzo forward. But why has Karen Jones decided this was the right time and opportunity to get back to the shop floor and how long will she need to be there, asks Mark Wingett
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OpinionEvolution in the food chain
The next 12 months is going to be a key period for the Quilvest-backed, burrito and taco concept Tortilla. Mark Wingett sits down with founder Brandon Stephens and managing director Richard Morris to talk about the year ahead – just don’t mention black beans