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Friday 19th July 2019
Exclusive: former Cote backer takes the lead on Giggling Squid
Exclusive – former Cote backer takes the lead on Giggling Squid: Former Cote backer CBPE is leading the race to acquire Giggling Squid, Propel has learned. The Thai restaurant brand founded by Andy and Pranee Laurillard was placed on the mar … view
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Friday 19th July 2019
Friday Opinion
Subjects: Fill me up, leave room for ordering-in, and busman’s holiday
Authors: Glynn Davis, Sally Whelan and Ann Elliott

Fill me up by Glynn Davis

While walking along Upper Street in no … view
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Friday 19th July 2019
Exclusive: Black Sheep Coffee acquires eight Taylor St Baristas cafes
Exclusive: Black Sheep Coffee acquires eight Taylor St Baristas cafes: London-based independent coffee shop Black Sheep Coffee has acquired eight Taylor St Baristas cafes, Propel has learned. Black Sheep Coffee is understood to have acqui … view
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Friday 19th July 2019
Propel Friday News Briefing
Byron reports cover growth as it eyes major refurbishment programme: Recent trading at better burger brand Byron has been positive, with the business experiencing cover growth during the past few months, Propel has learned. The posi … view
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Thursday 18th July 2019
Stonegate to absorb Ei Group into existing business following £3bn takeover, Simon Townsend to step down
Stonegate to absorb Ei Group into existing business following £3bn takeover, Simon Townsend to step down: Stonegate Pub Company will absorb Ei Group into its existing business rather than running it as a standalone if its £3bn takeover bid i … view
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Thursday 18th July 2019
Ei Group accepts 285p per share offer from Stonegate Pub Company
Ei Group accepts 285p per share offer from Stonegate Pub Company: The boards of directors of Ei Group (EIG) and Stonegate Pub Company Bidco Limited, a wholly-owned subsidiary of Stonegate Pub Company, have reached agreement on the terms a … view
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Thursday 18th July 2019
Propel Thursday News Briefing
Roxy Ball Room appoints advisors as it eyes new growth fund: Roxy Ball Room, the Leeds-based, competitive socialising concept, has appointed advisors to review its options as it looks to secure new investment, Propel has learned. The seve … view
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Wednesday 17th July 2019
Stonegate owner weighs up takeover of Ei Group
Stonegate owner weighs up takeover of Ei Group: TDR Capital, the private equity firm that owns Stonegate Pub Company, is considering an acquisition of Ei Group, reports Bloomberg. A deal could be announced as soon as this week, according to so … view
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Wednesday 17th July 2019
Novus sells three Balls Brothers sites and brand rights to Mosaic Pub and Dining
Novus sells three Balls Brothers sites and brand rights to Mosaic Pub and Dining: London bar and restaurant operator Novus has entered into agreement and exchanged contracts to sell three of its Balls Brothers venues to Mosaic Pub and Dining f … view
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Wednesday 17th July 2019
Businesses and customers join forces to oppose late-night tax in London
Businesses and customers join forces to oppose late-night tax in London: Local businesses, residents and customers in Southwark have joined forces to oppose the introduction of a late-night levy. UKHospitality and local businesses have ga … view
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Wednesday 17th July 2019
Propel Wednesday News Briefing
David Page – we’re securing better deals with landlords by broadening number of sites we negotiate on, Franco Manca like-for-likes up 5%: Fulham Shore chairman David Page has told Propel he is able to secure better deals with landlord … view
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Tuesday 16th July 2019
Franco Manca chairman David Page reports rents dropping as much as 30% on re-let
Franco Manca chairman David Page reports rents dropping as much as 30% on re-let: Franco Manca operator Fulham Shore has reported sales rose 17% to £64m in the year ended 31 March 2019. Profit before tax was £1.4m (2018: loss of £0.1m) … view
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Tuesday 16th July 2019
Propel Tuesday News Briefing
Just Eat aims for ‘majority’ of restaurants with three-star hygiene rating or above by end of year as it begins publishing FSA details: Graham Corfield, UK managing director of online food delivery business Just Eat, has told Propel t … view
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Monday 15th July 2019
Propel Monday News Briefing
Sector like-for-likes up 1.4% in June as restaurants recover but pubs suffer hangover: Sector managed like-for-likes were up 1.4% in June as restaurants recovered but pubs suffered a hangover from last year’s heatwave and football fever … view
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Monday 15th July 2019
Sector like-for-likes up 1.4% in June as restaurants recover but pubs suffer hangover
Sector like-for-likes up 1.4% in June as restaurants recover but pubs suffer hangover: Sector managed like-for-likes were up 1.4% in June as restaurants recovered but pubs suffered a hangover from last year’s heatwave and football fever, acc … view
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Saturday 13th July 2019
Hop Stuff shareholders wiped out after Molson Coors buys assets in pre-pack administration deal
Hop Stuff shareholders wiped out after Molson Coors buys assets in pre-pack administration deal: Hop Stuff Brewery shareholders have been wiped out after the assets were bought by Molson Coors in a pre-pack administration deal. It comes after … view
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Friday 12th July 2019
JW Lees reports record turnover and Ebitda in ‘transformational’ year, managed like-for-likes up 1.9%
JW Lees reports record turnover and Ebitda in ‘transformational’ year, managed like-for-likes up 1.9%: North west brewer and retailer JW Lees has reported turnover increased 10.7% to a record £78,385,739 for the year to 31 March 2019, com … view
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Friday 12th July 2019
Friday Opinion
Subjects: Keeping balance, GRIF takeaways, the food market threat, and time for reform
Authors: Glynn Davis, James Hacon, Elton Mouna and Paul Chase

Keeping balance by Glynn Davis 

Polpo … view
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Friday 12th July 2019
Just Eat buys City Pantry for £16m
Just Eat buys City Pantry for £16m: Just Eat, the market place for takeaway food delivery, has acquired City Pantry for initial cash consideration of £16m. The company stated: “City Pantry, founded by Stuart Sunderland in 2014, is Eur … view
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Friday 12th July 2019
Propel Friday News Briefing
Homeslice to carry out strategic review: London-based better pizza brand Homeslice has hired advisors as it carries out a strategic review of its business, Propel has learned. The company, which was founded by Mark Wogan, Alan Wogan and R … view
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Thursday 11th July 2019
Propel Thursday News Briefing
Muzinich takes controlling stake in Busaba: Muzinich, the New York-based fixed-income specialist, has acquired a controlling stake in Busaba Eathai, the Thai chain founded by Alan Yau. The US company, which provided the then 14-strong gro … view
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Wednesday 10th July 2019
Fourth merges with US peer Hot Schedules to create ‘global powerhouse’
Fourth merges with US peer Hot Schedules to create ‘global powerhouse’: Fourth, the software provider to the UK hospitality industry, is to merge with US peer Hot Schedules to form the “world’s only provider of end-to-end restaurant an … view
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Wednesday 10th July 2019
Pubs Code Adjudicator launches investigation into Heineken's Star Pubs & Bars business
Pubs Code Adjudicator launches investigation into Heineken's Star Pubs & Bars business: The Pubs Code Adjudicator has launched an investigation into Star Pubs & Bars, part of the Heineken Group. This is the first investigation by the Pubs … view
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Wednesday 10th July 2019
Propel Wednesday News Briefing
London Union looks to Manchester as it gears up for expansion, reports full-year Ebitda boost: London Union, the street food operator led by Jonathan Downey, is set to turn its attention to Manchester as it gears up for expansion. Downey … view
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Tuesday 9th July 2019
Patisserie Valerie to shut 14 sites following estate review
Patisserie Valerie to shut 14 sites following estate review: Patisserie Valerie is to close 14 of its smaller sites following a review of the estate, Propel understands. Owner Causeway Capital is believed to have been carrying out a detai … view
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Tuesday 9th July 2019
Propel Tuesday News Briefing
Bridgepoint paid circa £43m for franchisee Caspian when it set up new Burger King UK business: Private equity firm Bridgepoint paid circa £43m to acquire Caspian UK Group, one of the UK’s largest Burger King franchisees with 74 restau … view
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Monday 8th July 2019
Propel Monday News Briefing
Puttshack boss sees potential for 50 UK and 300 US sites: Joe Vrankin, the new chief executive of indoor mini-golf experience Puttshack, has told Propel there’s potential for up to 50 sites in the UK and 300 in the US. The company is se … view
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Friday 5th July 2019
Friday Opinion
Subjects: Hot to trot, Ted’s talk, keeping millennial staff engaged, and making the tourism sector deal work
Authors: Glynn Davis, Ann Elliott, Robert Darling and Brigid Simmonds

Hot to trot by G … view

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Friday 5th July 2019
CMA intervenes over Amazon’s investment in Deliveroo
CMA intervenes over Amazon’s investment in Deliveroo: The Competition and Markets Authority (CMA) has ordered Amazon and Deliveroo to pause any integration efforts pending an investigation into potential breaches of competition rules. The CM … view
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Friday 5th July 2019
Propel Friday News Briefing
MeatLiquor completes fund-raising, average like-for-likes up more than 5%: MeatLiquor, the Scott Collins-led concept, has strengthened its balance sheet with a further fund-raise from existing shareholders, as it reported like-for-like sa … view
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Thursday 4th July 2019
Update: C&C Group, Stonegate Pub Company
C&C Group reports ‘solid start’ to current financial year: C&C Group, the drinks company which manufactures, markets and distributes branded beer, cider, wine, spirits, and soft drinks across the UK and Ireland, has issued a trading u … view
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Thursday 4th July 2019
Propel Thursday News Briefing
Duck and Rice to open two or three more sites in London before Asia roll-out: Ted Kennedy, director of Alan Yau’s Duck and Rice restaurant in Soho, has said the concept will look to open “two or three” more sites in London before ey … view
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Wednesday 3rd July 2019
Propel Wednesday News Briefing
Hodgson – YO! Sushi no longer having to take unnecessary risks on UK restaurant sites having diversified business model: YO! Sushi chief executive Richard Hodgson has told Propel the company no longer has to take unnecessary risks on re … view
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Wednesday 3rd July 2019
BBPA chief executive Brigid Simmonds to step down
BBPA chief executive Brigid Simmonds to step down: British Beer & Pub Association (BBPA) chief executive Brigid Simmonds is to step down after ten years in the role. Simmonds is leaving to become chairman of the new Betting and Gaming Cou … view
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Tuesday 2nd July 2019
SSP appoints Richard Lewis as UK and Ireland chief executive
SSP appoints Richard Lewis as UK and Ireland chief executive: SSP Group, the operator of food and beverage outlets in travel locations worldwide, has appointed Richard Lewis as chief executive of SSP UK and Ireland, effective from 1 Septe … view
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Tuesday 2nd July 2019
YO! acquires US sushi kiosk operator SnowFox
YO! acquires US sushi kiosk operator SnowFox: YO! Sushi, the Richard Hodgson-led group, has acquired SnowFox, one of the largest operators and owners of franchised sushi kiosks in the US, creating one of the largest Japanese food companies out … view
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Tuesday 2nd July 2019
Five Guys UK reports £150m turnover
Five Guys UK reports £150m turnover: Five Guys JV, the UK joint venture between Sir Charles Dunstone and Five Guys founders Janie and Jerry Murrell and their three sons, has reported turnover rose by 23% to £149.6m in the year to 28 Dec … view
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Tuesday 2nd July 2019
Propel Tuesday News Briefing
Supply and demand playing big part in salary levels amid large rises for UK management and leadership roles: Supply and demand is playing a big part in salary levels with large increases seen across senior management and leadership roles … view
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Monday 1st July 2019
Pret chief executive Clive Schlee to retire
Pret A Manger chief executive Clive Schlee to retire: Pret A Manger chief executive Clive Schlee is to retire at the end of September after more than 16 years in the role. Schlee will hand the reins to chief operating officer Pano Christou. Th … view
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Monday 1st July 2019
Propel Monday News Briefing
Jones – Carluccio’s sales increase coming from covers growth, Fresca gaining traction: Mark Jones, chief executive of Carluccio’s, has told Propel the recent overall increase in sales at the brand has come from covers growth, driven … view
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Monday 1st July 2019
Late-night leisure spend continues to rise but pubs decline as cinemas find favour
Late-night leisure spend continues to rise but pubs decline as cinemas find favour: Late-night leisure spend has continued to rise but the popularity of the pub is declining as cinemas find favour, according to the latest Deltic Night Ind … view
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Sunday 30th June 2019
FY sales fall 4.3% in year of transition for Carluccio’s
FY sales fall 4.3% in year of transition for Carluccio’s, ‘visible’ like-for-like sales improvement in past three months as Fresca programme takes shape: Carluccio’s, the Italian all day-dining restaurant and deli chain, saw sales decl … view
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Friday 28th June 2019
Exclusive: Heineken UK to sell 150-strong package of pubs
Heineken UK to sell 150-strong package of pubs: Heineken UK is looking to sell a package of 150 pubs with a value of circa £55m to £60m, Propel has learned. It’s thought the majority are former Punch pubs with good tenants and held on … view
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Friday 28th June 2019
Friday Opinion
Subjects: Consistency is king; visits down, spend up; and hospitality has X-factor for Generation Z
Authors: Glynn Davis, Dominic Allport and Joe Walker

Consistency is king by Glynn Davis

view
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Friday 28th June 2019
Merlin board recommends £6bn offer
Merlin board recommends £6bn offer: The board of Merlin Entertainment has a recommended a cash offer worth almost £6bn from private equity firm Blackstone, Canandian pension firm CPPIB and Kirkbi, a company operated by the Danish family tha … view
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Friday 28th June 2019
Propel Friday News Briefing
Greene King eyes further brand segmentation: Brewer and retailer Greene King is eyeing further segmentation of its brands as it looks to ensure each one delivers a “bespoke” offer. Responding to a question from Propel following Greene … view
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Thursday 27th June 2019
Tokyo Industries acquires Red's True Barbecue from administration
Tokyo Industries acquires Red's True Barbecue from administration: Tokyo Industries, the bar and nightclub operator led by Aaron Mellor, has acquired smokehouse brand Red's True Barbecue from administration. James Douglas and Scott Munro, who … view
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Thursday 27th June 2019
Update: Greene King results, Ramsay receives investment for US expansion, Starbucks et al
Greene King reports adjusted profit before tax up 1.6% as revenue grows, trading since year end impacted by weather: Greene King has reported revenue was up 1.8% to £2,216.9m for the 52 weeks to 28 April 2019. Adjusted profit before tax … view
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Thursday 27th June 2019
Propel Thursday News Briefing
Henry Dimbleby to lead review of England’s food system: Leon founder Henry Dimbleby is to lead an independent review that aims to ensure England’s food system is fit for the 21st century. It is the first major review of the UK food … view
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Thursday 27th June 2019
Henry Dimbleby to lead review of England’s food system
Henry Dimbleby to lead review of England’s food system: Leon founder Henry Dimbleby is to lead an independent review that aims to ensure England’s food system is fit for the 21st century. It is the first major review of the UK food syste … view
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Wednesday 26th June 2019
Chris Phillips steps down as Upham chief executive, company no longer looking at sale
Chris Phillips steps down as Upham chief executive, company no longer looking at sale: Chris Phillips has stepped down as chief executive of Upham Pub Company, the operator of 15 premium pubs across the south of England, Propel has learne … view
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Wednesday 26th June 2019
Propel Wednesday News Briefing
Bridgepoint makes ‘significant investment’ in Market Halls: Bridgepoint Growth has confirmed making a “significant investment” in food hall operator Market Halls. Last month it was reported Market Halls, which operates venues in F … view
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Tuesday 25th June 2019
Coffeesmiths Collective bought Filmore & Union for £350,000
Coffeesmiths Collective bought Filmore & Union for £350,000: Coffeesmiths Collective, the acquisitive coffee shop company led by Toby Smith, bought 11 Filmore & Union coffee sites at the end of May for £350,000 in a pre-pack administrat … view
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Tuesday 25th June 2019
Propel Tuesday News Briefing
Government announces mandatory introduction of full ingredient labelling: The government has announced a new law requiring food businesses to include full ingredient labelling on pre-packaged foods. The announcement comes after a governme … view
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Tuesday 25th June 2019
Government announces mandatory introduction of full ingredient labelling
Government announces mandatory introduction of full ingredient labelling: The government has announced a new law requiring food businesses to include full ingredient labelling on pre-packaged foods. The announcement comes after a governme … view
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Monday 24th June 2019
Propel Monday News Briefing
Leading US delivery firm DoorDash considers UK launch: DoorDash, one of the largest delivery firms in the US, is considering entering the UK market, Propel has learned. It is understood the company, which was founded in 2013 by Stanford s … view
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