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Wednesday 20th November 2019
Update: M&B results, Fever-Tree trading and SSP results
M&B reports profit boost in full year: Mitchells & Butlers has reported like-for-like sales rose 3.5% and total sales rose to £2,237m ((2018: £2,152m) in the year to 28 September. Profit before tax was up £47m to £177m. Chief executiv … view
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Wednesday 20th November 2019
Propel Wednesday News Briefing
Market Halls to be sector consolidator, says founder: Andy Lewis-Pratt, co-founder and chief executive of food hall operator Market Halls, has said the company plans to be a “consolidator” in the fast-growing sector. Speaking at the l … view
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Tuesday 19th November 2019
Exclusive – Tossed parent company to undergo CVA due to underperforming Vital Ingredient sites
Exclusive – Tossed parent company to undergo CVA due to underperforming Vital Ingredient sites: The parent company of Tossed, the London-based healthy eating brand, is to undergo a company voluntary arrangement (CVA), after suffering a … view
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Tuesday 19th November 2019
Propel Tuesday News Briefing
Yau working with Obica on new concept: Wagamama and Hakkasan founder Alan Yau is working with international mozzarella bar chain Obica on a new concept called Mozzasando, Propel understands. Described as a “homage to katsu sando” with … view
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Monday 18th November 2019
Propel Monday News Briefing
Azzurri sees full-year like-for-like growth across entire business, transformational year for Coco di Mama: Azzurri Group, the owner of ASK Italian, Zizzi, Coco di Mama and Radio Alice, has reported a 7% increase in group sales to £299.4 … view
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Monday 18th November 2019
Azzurri sees full-year like-for-like growth across entire business
Azzurri sees full-year like-for-like growth across entire business, transformational year for Coco di Mama: Azzurri Group, the owner of ASK Italian, Zizzi, Coco di Mama and Radio Alice, has reported a 7% increase in group sales to £299.4m for … view
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Friday 15th November 2019
Friday Opinion
Subjects: Sweet spot, beer battles, not so appy, and the lies keep coming
Authors: Atif Amin, Glynn Davis, Jon Clarke and Paul Chase

Sweet spot by Atif Amin

In recent years restaurant clos … view
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Friday 15th November 2019
Update: Chilango looks at restructure, Fuller’s trading
Chilango looks to restructure: City AM has reported that Mexican brand Chilango is in talks to secure its long-term future with restructuring firm RSM and is more than six weeks late posting its accounts. City AM added that the firm is co … view
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Friday 15th November 2019
Propel Friday News Briefing
More pub sector deals to come – but not Young’s, says Patrick Dardis: Patrick Dardis, chief executive of London pub retailer Young’s, has told Propel he believes there will be more pub sector deals to come – but his company won’ … view
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Thursday 14th November 2019
Update: Young's results, Just Eat and McDonald's toy recycling trial
Young’s sees managed like-for-likes up 5.1% in past 13 weeks as it reports first-half record Ebitda: London pub retailer Young’s has reported strong trading in the most recent 13 weeks of its financial year with managed house revenue … view
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Thursday 14th November 2019
Propel Thursday News Briefing
Ex-Deliveroo MD to launch Imbiba-backed immersive food hall concept: Dan Warne, who stepped down as managing director of Deliveroo earlier this year, is to launch an immersive food hall concept, backed by sector investors Imbiba. Shelter … view
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Wednesday 13th November 2019
Wetherspoon reports 5.3% like-for-likes, criticises major shareholders over governance
Wetherspoon reports 5.3% like-for-likes, criticises major shareholders over governance: JD Wetherspoon has reported like-for-like sales increased by 5.3% and total sales by 5.6% in the 13 weeks to 27 October 2019. It stated: “The company has … view
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Wednesday 13th November 2019
Propel Wednesday News Briefing
Peel Hunt – bowling operators and wet-led pubs to benefit as rise of food delivery puts emphasis on experiences: Peel Hunt leisure analysts Douglas Jack and Ivor Jones have said they expect bowling operators and wet-led pubs to benefit … view
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Tuesday 12th November 2019
Camerons Brewery acquires Bar Soba
Camerons Brewery acquires Bar Soba: Camerons Brewery has acquired five-strong cocktail and pan-Asian street food concept Bar Soba from the BGF for an undisclosed sum. The addition sees Camerons grow its retail managed pub estate to 34 sites. B … view
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Tuesday 12th November 2019
Propel Tuesday News Briefing
Sourced Market to focus growth on travel locations: Sourced Market, the hybrid deli and dining brand, is to focus growth on travel locations for the immediate future, Propel has learned. Sourced Market opened its fifth site this summer in … view
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Monday 11th November 2019
Propel Monday News Briefing
Sector like-for-likes down 0.6% in October as rugby fails to ignite sales: Britain’s managed pub and restaurant groups saw like-for-like sales dip 0.6% in October, with the Rugby World Cup providing little if any extra boost for bar sal … view
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Monday 11th November 2019
Sector like-for-likes down 0.6% in October, Airbnb guest spend at UK restaurants to hit £1.4bn
Sector like-for-likes down 0.6% in October as rugby fails to ignite sales: Britain’s managed pub and restaurant groups saw like-for-like sales dip 0.6% in October, with the Rugby World Cup providing little if any extra boost for bar sales, t … view
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Friday 8th November 2019
Friday Opinion
Subjects: Facing up to technology, boutique fitness fuels success, and making a quilt from patchy licensing policies
Authors: Glynn Davis, Casey Phillips and Michelle Hazlewood

Facing up to technol … view

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Friday 8th November 2019
Propel Friday News Briefing
Punch sets out ambitious investment and acquisition strategy: Punch, which operates 1,250 tenanted, leased and management partnership pubs, has set out its ambitious investment and acquisition strategy. The Clive Chesser-led company, whi … view
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Thursday 7th November 2019
Propel Thursday News Briefing
PizzaExpress reports UK and Ireland like-for-likes down 1.1% as owner prepares to inject £80m: PizzaExpress has seen like-for-like sales in the UK and Ireland fall 1.1% for the 13 weeks to 29 September 2019. Ebitda for the UK and Ireland … view
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Wednesday 6th November 2019
PizzaExpress owner to inject £80m to pay down debt mountain
PizzaExpress owner to inject £80m to pay down debt mountain: Hony Capital, the China-based owner of PizzaExpress, will inject £80m of cash into the business to prop up its balance sheet. The cash will be used to pay down debt owed to bondhol … view
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Wednesday 6th November 2019
Propel Wednesday News Briefing
Camerons Brewery reports turnover and Ebitda boost: Camerons Brewery has reported turnover increased 14% to £84.1m for the year ending 5 May 2019, compared with £74.0m the previous year. Revenue from pubs was up to £22.0m compared with … view
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Tuesday 5th November 2019
Update: Steve Easterbrook, Shake Shack
Easterbrook to keep stock awards worth circa $37m; McDonald’s global chief people officer also quits: Steve Easterbrook, who was fired over the weekend as chief executive of McDonald’s for having a consensual relationship with an empl … view
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Tuesday 5th November 2019
Propel Tuesday News Briefing
Julia Wilkinson – high streets must prioritise experiences through in-store initiatives, dining and leisure: Julia Wilkinson, portfolio and group restaurant strategy executive at Shaftesbury, has said high streets must increasingly “p … view
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Monday 4th November 2019
Update: Marston’s and Just Eat
Marston’s sells 137 pubs to Admiral Taverns for £44.9m: Marston’s has reached agreement for the disposal of 137 pubs for £44.9 million to Admiral Taverns. This disposal is in line with Marston’s plans to reduce its debt in part th … view
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Monday 4th November 2019
Propel Monday News Briefing
Nick Campbell – we’ll grow Simmons Bars to 25 sites before rolling out beyond London: Simmons Bars owner Nick Campbell has told Propel the company will look to expand its 16-strong London estate outside the capital in 2021 but initial … view
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Sunday 3rd November 2019
McDonald’s sacks chief executive Steve Easterbrook over relationship with employee
McDonald’s sacks chief executive Steve Easterbrook over relationship with employee: McDonald's has announced it has fired chief executive Steve Easterbrook after investigating a consensual relationship he had with an unnamed employee. The co … view
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Friday 1st November 2019
Friday Opinion
Subjects: Noise and neighbours, an open letter to David Aaronovitch, the future is mobile, and personalise or perish
Authors: Glynn Davis, Paul Chase, Katy Ryder and David Bird

Noise and neighbours … view

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Friday 1st November 2019
Propel Friday News Briefing
McDonald's opens first UK ‘dark kitchen’ to meet delivery demand: McDonald’s has opened its first UK “dark kitchen” in a bid to meet a boom in demand for home deliveries. The kitchen in Hanworth, west London, is not attached to … view
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Thursday 31st October 2019
Update: Starbucks, Greene King and calorie labelling
Starbucks beats revenue and profit estimates: Starbucks beat analyst sales and profit estimates yesterday, driven by new stores, digital ordering and delivery in China, and cold drinks in the United States. Total net revenue for the world … view
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Thursday 31st October 2019
Propel Thursday News Briefing
Yum! Brands reports KFC UK sales up 6% in third quarter and 14% year to date following last year's delivery saga: Yum! Brands has reported KFC system sales in the UK rose 6% for the third quarter ended 30 September 2019, compared with the … view
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Wednesday 30th October 2019
Propel Wednesday News Briefing
Pubs, bars and restaurants remain optimistic despite recruitment and retention concerns: The majority (90%) of pubs, bars and restaurants remain optimistic about their future despite challenges surrounding staff recruitment and retention, … view
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Tuesday 29th October 2019
Propel Tuesday News Briefing
GBK rent-to-sales ratio down to 9.5% following CVA, change of managing director: Famous Brands has revealed the rent-to-sales ratio at Gourmet Burger Kitchen (GBK) has fallen from 17.5% to 9.5% following its company voluntary arrangement … view
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Monday 28th October 2019
Forrester to step down as TGI Friday’s UK chief executive
Forrester to step down as TGI Friday’s UK chief executive: TGI Friday’s UK has announced chief executive Karen Forrester is stepping down after 12 years in the role. Forrester will leave the business on Friday, 13 December. The new chief e … view
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Monday 28th October 2019
Update: Gourmet Burger Kitchen, The Restaurant Group, Tim Hortons and Chapel Down
Gourmet Burger Kitchen reports like-for like sales up 8.6%: Famous Brands has reported its Gourmet Burger Kitchen business saw like-for-like sales increase by 8.6% in the six months to 31 August. The company stated: “In line with manage … view
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Monday 28th October 2019
Propel Monday News Briefing
Watch House Coffee secures investment for growth: London-based speciality coffee concept Watch House Coffee is set for further expansion in the capital after securing £2.1m of new investment, Propel has learned. The initial investment wa … view
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Friday 25th October 2019
Exclusive: Deliveroo partners with Casual Dining Group to licence restaurant brand
Exclusive – Deliveroo partners with Casual Dining Group to licence restaurant brand: Deliveroo has trademarked its first virtual brand, Propel has learned. Roofoods, the parent company of Deliveroo, has trademarked the name Chicken On The Gr … view
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Friday 25th October 2019
Friday Opinion
Subjects: On the market, first impressions, and magic moments
Authors: Glynn Davis, Jamie Campbell and Sally Whelan

On the market by Glynn Davis

Like many towns up and down the country, Do … view
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Friday 25th October 2019
Update: Marston’s disposal, AB InBev Third Quarter and Nando’s
The Times – Fortress frontrunner in buying Marston’s package: The Times has reported that The New York-based investment company that acquired Majestic Wine in August wants to invest in the pub sector. The newspaper stated: “Fortress … view
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Friday 25th October 2019
Propel Friday News Briefing
Comptoir Libanais founder – high rents still hampering opening opportunities: Comptoir Libanais founder Tony Kitous has told Propel that despite there being plenty of empty units in prime locations he finds attractive for his Lebanese c … view
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Thursday 24th October 2019
Update: C&C Group, Patisserie Valerie and Ivy Collection
C&C Group reports revenue and operating profit boost: Tennent’s and Magners producer C&C Group has reported revenue up 13.5% to 874.9m euros in the six months ended 31 August 2019. Operating profit rose by 9.2% to 63.8m euros. Stephen G … view
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Thursday 24th October 2019
Propel Thursday News Briefing
Fuller’s boss – Cotswold Inns & Hotels deal gives us ‘critical mass’ in untapped part of England: Simon Emeny, chief executive of premium pubs and hotels business Fuller’s, has told Propel its £40m deal for Cotswold Inns & Hote … view
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Wednesday 23rd October 2019
Fuller's acquires Cotswold-based inns and hotels business for £40m
Fuller’s acquires Cotswold-based inns and hotels business for £40m: Fuller’s, the premium pubs and hotels business, has exchanged contracts to acquire Cotswold Inns & Hotels for £40m. The acquisition, exclusively revealed by Propel earli … view
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Wednesday 23rd October 2019
Update: Chipotle, McDonald's and delivery, Easyhotel and Heineken
Chipotle reports like-for-likes up 11%, shifts property strategy to drive-thrus: Chipotle has reported like-for-like sales rose 11% in its Third Quarter, with total sales up 14.6% to $1.4bn. It opened 25 sites and closed one. Digital sale … view
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Wednesday 23rd October 2019
Propel Wednesday News Briefing
McDonald’s UK delivery surges in popularity to account for more than 10% of all business: Paul Pomroy, chief executive of McDonald’s UK & Ireland, said the group’s ongoing growth had been particularly driven by a surge in the popula … view
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Tuesday 22nd October 2019
Just Eat board rejects unsolicited offer from investment firm
Just Eat board rejects unsolicited offer from investment firm: The board of Just Eat, the market place for takeaway food delivery, has rejected an unsolicited offer for the company from Prosus NV. Investment firm Prosus NV has offered 710p per … view
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Tuesday 22nd October 2019
Update: Admiral Taverns buys 150 pubs, Whitbread, Bread Ahead
Admiral Taverns completes acquisition of 150 Star Pubs & Bars sites: Tenanted operator Admiral Taverns has completed the acquisition of 150 tenanted community pubs from Star Pubs & Bars. The company stated: “The acquisition of the natio … view
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Tuesday 22nd October 2019
Propel Tuesday News Briefing
BrewDog to offer mini-bond that partly pays lenders in beer, signs India bar deal: Scottish brewer and retailer BrewDog is to issue a new mini-bond that will pay lenders partly in beer. The company will launch the offer on crowdfunding pl … view
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