Patisserie Holdings calls emergency shareholder meeting, shares to remain suspended: Patisserie Holdings has called an emergency shareholder meeting and warned trading in it shares may not restart for several weeks as the company rebuilds … view

CGA – ‘blurring’ of competition has contributed to decline in nightclubs as preferred late-night destination: Karl Chessell, who heads CGA’s retailer business unit, has said a “blurring” of competition has contributed to a dec … view

UK consumer confidence dips following record highs as Brits prepare to rein in non-essential spending: UK consumer confidence has dipped in the third quarter of 2018 following record highs, with Brits preparing to rein in non-essential sp … view

Grant Thornton boss quits days after company slammed for missing £40m Patisserie Holdings black hole: The chief executive of Grant Thornton has quit – just days after the accountancy group was slammed for missing a £40m black hole at … view

D&D London puts together plans for no-deal Brexit: Des Gunewardena, chairman and chief executive of restaurant operator D&D London, has told Propel the company is planning for a no-deal Brexit. Gunewardena said 30% of the company’s food … view

UKHospitality names industry’s top operations managers: UKHospitality has announced the winners of its 2018 Operations Managers Awards at a celebratory ceremony in central London. The Operations Managers Awards are the only awards of it … view

Patisserie Holdings could sue auditor over £40m black hole: Patisserie Holdings is considering taking legal action against its auditors Grant Thornton for its alleged failure to spot a £40m black hole in the cafe and cake operator’s f … view

Managed pubs enjoy 1.9% like-for-like sales growth in September but restaurants see 0.2% fall: Sunny weather in September proved good news for Britain’s managed pubs, with collective like-for-like sales up 1.9% on the same month last ye … view

Managed pubs enjoy 1.9% like-for-like sales growth in September but restaurants see 0.2% fall: Sunny weather in September proved good news for Britain’s managed pubs, with collective like-for-like sales up 1.9% on the same month last ye … view

Patisserie Holdings avoids administration as share placing raises £15.7m: Patisserie Holdings has saved itself from administration after raising £15.7m from a share placing. The funds, together with a £10m interest-free loan from chair … view

Patisserie Holdings to launch £15m share placing supported by £10m loan from Luke Johnson to stay afloat: Patisserie Holdings is planning to raise £15m through a share placing supported by a £10m loan from chairman Luke Johnson to sta … view

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Patisserie Holdings CFO arrested: Patisserie Holdings has revealed its chief financial officer Chris Marsh, who was suspended this week after the company discovered “potentially fraudulent accounting irregularities”, has been arrested … view

Restaurants and pubs ordered to shrink pizzas and pies in obesity fight: Pizzas and pies in restaurants and pubs are set to shrink under new targets to tackle child obesity. Health officials want chefs to limit their pies to 695 calories … view

Koh founder unveils new restaurant venture: Andy Lennox, who founded the Koh brand and owns Lion Consultancy, is to launch an all-day restaurant venture, Propel has learned. The concept, which will be unveiled next week, will be a new “ … view

Whitbread shareholders approve £3.9bn Costa sale to Coca-Cola: Whitbread shareholders have overwhelmingly approved the sale of Costa Coffee to Coca-Cola for £3.9bn. At a general meeting yesterday (Wednesday, 10 October), a total of 116, … view

Ralph Findlay – government is inept and doing nothing to support sector: Marston’s chief executive Ralph Findlay has lambasted the government, labelling it as “inept” while “doing nothing” to support the wider industry. Speaki … view

Hospitality industry launches mentoring initiative to fast-track female leaders: UKHospitality, executive search firm Odgers Berndtson, BT Sport and sector agency Elliotts have launched The Leadership Mentoring Programme to fast-track fem … view

Patisserie Valerie owner suspends shares after discovery of ‘accounting irregularities’: Patisserie Holdings, the owner of Patisserie Valerie has suspended its shares after the discovery of “potentially fraudulent, accounting irreg … view

Hospitality sector risks losing out on £448m a year unless it fully embraces flexible working: The hospitality sector could risk losing out on £448m a year in economic output if employers fail to fully embrace flexible working, a new st … view

City Pub Group to raise £6.2m, increases acquisition target to more than ten sites a year: City Pub Group, led by Clive Watson, has announced it proposes to raise £6.2m by way of a share placing to expand its estate – and has upped i … view

Burning Night Group goes into administration, offers on table to buy company: Bar company Burning Night Group has gone into administration but there are already offers to buy the company, Propel has learned. Begbies Traynor has been appoi … view

UKHospitality names best UK late-night operators: UKHospitality has announced the winners of the 2018 Late Night Awards, held in association with Propel. The winners were announced at a gala ceremony at Café de Paris, London, last night … view

Novus puts Tiger Tiger site in Haymarket up for sale, reports double-digit like-for-like growth at Balls Brothers and Tank & Paddle: Novus, the London bar and restaurant operator, has put its Tiger Tiger site in Haymarket up for sale as i … view

Sector bosses demand digital services tax to fund business rates freeze amid pub and dining ‘crisis’: A coalition of Britain’s biggest restaurant and pub owners has urged the chancellor to tackle the “crisis in hospitality and the … view

Restaurant Marketer & Innovator Awards open for entries: The Restaurant Marketer & Innovator Awards has been launched. The awards, in their second year, recognise outstanding marketing and innovation in the sector. Finalists will be invit … view

Papa John’s UK reports turnover and profit boost: Papa John’s UK, the country’s third-largest pizza delivery company, has reported turnover rose 19% to £67,256,000 in the year to 31 December 2017. The company made a pre-tax profit … view

Travelodge plans £100m expansion near conference sites: Travelodge has launched a £100m expansion plan that includes ten new hotels close to conference and events centres. The company, which already has 567 hotels across the country, r … view

New data reveals places with highest and lowest restaurant density in UK: Edinburgh has the highest restaurant density in the UK as expressed by the number of people per restaurant, according to new data. Figures from the Local Data Compa … view

Wagamama reports UK like-for-like sales up 8.5% in first quarter: Wagamama has reported turnover increased 12.3% to £97.4m in the 16 weeks to 19 August, its first quarter of a new financial year. The UK saw 8.5% like-for-like sales growt … view

MOD Pizza reports £11m loss in the UK: MOD Pizza UK, the joint venture rolling out the US concept in the UK, has reported a loss of £11,079,000 in the 53 weeks to 31 December 2017 (2016: £5,020,000 loss), reflecting ‘the cost of the … view

Ei Group unveils Vixen Pubs as 11th managed joint venture: Ei Managed Investments, the Ei Group business that invests alongside industry-leading managed house operators, has launched its 11th venture, Vixen Pubs, a partnership with Helen … view

Ei Group unveils Vixen Pubs as 11th managed joint venture: Ei Managed Investments, the Ei Group business that invests alongside industry-leading managed house operators, has launched its 11th venture, Vixen Pubs, a partnership with Helen … view

McDonald’s UK reports turnover and profits up: McDonald’s UK has reported turnover increased by £19m to £1.593bn in the year to 31 December 2017. The company’s operating profit rose to £43m (2016: £282m). Pre-tax profit was £34 … view

Ei Group and Oakman Inns end Hunky Dory partnership, first time managed joint venture finishes: Ei Group and Oakman Inns and Restaurants have ended their Hunky Dory Pubs partnership, Propel has learned. It is the first time an Ei Group ma … view

Foodservice inflation drops in August but key prices likely to rise in coming months: Overall inflation in the foodservice sector dropped in August due to a fall in meat and poultry prices compared with last year, the latest Foodservice P … view

Casual Dining Group hits back over ‘ill-informed’ government comments on company’s tipping policy: Casual Dining Group (CDG) has hit back at “ill-informed” comments by the government on the company’s tipping policy. The prime … view

Michelin awards record number of new stars for 2019: There have been a record number of new stars awarded in the 2019 Michelin Guide. Inspectors awarded three new two-Michelin stars and 21 new one-Michelin stars. This year’s stars were … view

Unsecured creditors of Jamie Oliver’s Barbecoa set to receive penny in the pound: Unsecured creditors of Jamie Oliver’s steak restaurant Barbecoa, which went into administration earlier this year, are owed about £3m and are set to re … view

Michelin unveils Bib Gourmand winners: Michelin has revealed the name of restaurants and pubs that have been awarded Bib Gourmands, its second-tier award, ahead of the announcement of full Michelin star awards on Monday (1 October). There … view

Richoux Group reports sales drop but reduces losses: Richoux Group, the owner and operator of Richoux, Friendly Phil’s, Villagio and The Broadwick restaurants, has reported revenues of £5m for the 26 week period to 1 July 2018, 10.3% l … view

Food and drink sector faces £9.3bn tariffs on EU products under no-deal Brexit: The food and drink sector could face additional tariffs totalling £9.3bn per year for products imported from the EU if a Brexit settlement isn’t reached, … view

Chapel Down plans experiential bar, restaurant and ginnery in King’s Cross: Chapel Down Group has exchanged on an agreement to lease a 5,000 square foot site in King’s Cross by the Regent’s Canal where it will be opening the “Chap … view

Pret reports turnover boost in US business but sees Ebitda hit after 'notable challenges', pre-tax losses rise to £24m: Pret A Manger has reported a turnover boost in its US business but saw underlying Ebitda hit by a more competitive ma … view

Shepherd Neame reports turnover and profit up: Shepherd Neame, Britain’s oldest brewer and owner and operator of 321 pubs in Kent and the South East (68 managed, 242 tenanted and 11 commercial free of tie leases), has reported turnover … view

People and Training Conference opens for bookings: The British Institute of Innkeeping (BII) has launched this year’s People and Training Conference, which will showcase outstanding people culture among companies in the sector. The even … view

Hard Rock Cafe UK reports £30,000-a-week merchandise boost from weak pound: Hard Rock Cafe UK has reported a turnover and pre-tax profit boost with the weakening of the pound following the Brexit vote driving a record number of internati … view

Brighton Pier Group reports progress with evolution of business, Luke Johnson to increase shareholding to 27%: The Brighton Pier Group, which owns and trades Brighton Palace Pier, as well as twelve premium bars nationwide including two p … view

Boxpark unveils seven new operators for Wembley site and opening date: Boxpark has unveiled the latest operators for its new site in Wembley and its opening date – Saturday, 1 December. The venue – Boxpark’s largest to date and part … view

Greggs getting there with changing ‘greasy bakery’ perceptions but still a ‘long way to go’: Greggs head of category David Ross has said the company is “getting there” with changing customers’ perceptions of the brand but ad … view

Shepherd Neame adds three pubs to London estate: Kent-based brewer and retailer Shepherd Neame has acquired three more pubs in the heart of London – the Samuel Pepys, the Savoy Tap and the Cheshire Cheese. Chief executive Jonathan Neame … view

Tasty declares £10.6m loss after £11.2m impairment charge: Wildwood operator Tasty has reported sales down 5.7% to £23m for the 26 weeks ended 1 July 2018. It has made an impairment charge of £11.2m and onerous lease provision of £1. … view

City Pub Group to hit estate size target more than a year early: City Pub Group, led by Clive Watson, now expects the company to hit its estate size target of between 60 to 70 sites more than a year earlier than the target of 2021 it set … view

Administrators reveal extent of CAU’s troubles as Gaucho left with estimated total deficiency of almost £65m: Administrators have revealed the extent of CAU’s troubles, which have led to parent company Gaucho being left with an estim … view

City Pub Group reports sales and profit growth in First Half: The City Pub Group, which operates 42 predominantly wet-led pubs, has reported sales rose 24% to £20.0 million (2017: £16.1 million) in the 26 weeks to 1 July 2018. Adjusted … view

Comptoir Group reports strong First Half: Comptoir Group has reported group revenue of £15.7m up by 19.8% (H1 2017: £13.1m) in the half year to 30 June 2018. Gross profit of £11.3m was up by 19.0% (H1 2017: £9.5m). Adjusted Ebitda bef … view

Brexit anxiety hitting confidence of industry bosses: Concerns over the impact of Brexit is driving a fall in confidence among the leaders of Britain’s eating and drinking-out sector, the latest CGA Fourth Business Confidence Survey has … view