Friday 11th October 2024 |
Friday Opinion |
Subjects: What the new Employment Rights Bill means for hospitality, a winning intersection of technology and genuine hospitality, are youngsters really drinking less alcohol, is a ‘best of breed’ technology stack the right way to go< … view |
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Friday 11th October 2024 |
TGI Fridays to pay redundant staff, Revolution to become The Revel Collective |
TGI Fridays agrees to pay staff after redundancy row: The restaurant group TGI Fridays has agreed to pay workers the money they are owed after being made redundant, despite initially refusing to do so. More than 1,000 staff lost their job … view |
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Friday 11th October 2024 |
Propel Friday News Briefing |
Patisserie Valerie turns to franchising to help rebuild its estate, plans 20 new locations by 2026: Patisserie Valerie, which is backed by Irish private equity firm Causeway Capital, has turned to franchising to rebuild its estate. The br … view |
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Thursday 10th October 2024 |
Toca raises $100m to accelerate global expansion, Sticks‘n’Sushi hires new CFO |
Toca raises $100m to accelerate global expansion: Toca Football, the soccer experience company, has raised circa $100m (£76.4m) in private offerings to accelerate its global growth by investing in new technologies, upgrade its Toca Socce … view |
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Thursday 10th October 2024 |
Luke Johnson acquires cinema and entertainment operator The Light |
Luke Johnson acquires cinema and entertainment operator The Light: Cinema and entertainment operator The Light has been acquired by serial sector investor Luke Johnson and Risk Capital Partners along with a co-investment from Melcorpo, ci … view |
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Thursday 10th October 2024 |
Propel Thursday News Briefing |
Loungers CEO – decent like-for-like growth in Brightside, new menu saw virtually no price increase ‘for first time in some time’: Nick Collins, chief executive of café bar operator Loungers, has told Propel that its Brightside conc … view |
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Thursday 10th October 2024 |
UKHospitality: Rushing to introduce new workers’ rights measures too quickly could damage the sector |
UKHospitality – rushing to introduce new workers’ rights measures too quickly could damage the sector, government must take its time: UKHospitality has warned the government that rushing to introduce new workers’ rights measures too quic … view |
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Wednesday 9th October 2024 |
Legal Briefing |
The road ahead for pavement licensing by Luke ElfordAmid the buzz of party conference season, the awful weather and chatter about which politicians received free clothes, 30 September passed by almost unnoticed. I’m willing to bet mos … view |
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Wednesday 9th October 2024 |
Update: Marston’s lfls up 4.8%, management change at HOP, XP Factory |
Marston’s FY lfl sales up 4.8%: Marston’s, the operator of 1,339 pubs, has reported a 4.8% rise in like-for-like sales for the 52 weeks to 28 September 2024, with food and drink occasions having “shown good momentum”. The company … view |
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Wednesday 9th October 2024 |
Propel Wednesday News Briefing |
KellyDeli UK launches new partnership with Morrisons, seeing positive like-for-like performance and improved profitability in 2024: KellyDeli, the owner of international sushi franchise Sushi Daily, has launched a new UK partnership with … view |
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Tuesday 8th October 2024 |
Update: Loungers lfl sales up 4.7%, KFC FY, Cooks Coffee Company, McDonald’s |
Loungers lfl sales up 4.7%, consumers are feeling increasingly confident: Café bar operator Loungers saw its like-for-like sales increase by 4.7% in the 24 weeks ended 6 October 2024, compared to the previous year and said it contin … view |
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Tuesday 8th October 2024 |
Propel Tuesday News Briefing |
Amber Taverns looking to expand geographical reach following Epiris deal, trading ‘solid’ in 2024: James Baer, chief executive of community pub operator Amber Taverns, has told Propel it will look to expand its geographical reac … view |
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Monday 7th October 2024 |
Future of TGI Fridays in the UK secured following successful sale of 51 restaurants to D&D owners |
Future of TGI Fridays in the UK secured following successful sale of 51 restaurants to D&D owners: The owners of D&D London have completed a deal to acquire TGI Fridays, securing more than 2,000 jobs. Breal Capital and Calveton, which acquired … view |
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Monday 7th October 2024 |
Exclusive: Popeyes UK on track to deliver sales of £100m-plus in FY24 as it reports 2023 turnover jumps to £58m |
Exclusive – Popeyes UK on track to deliver sales of £100m-plus in FY24 as it reports 2023 turnover jumps to £58m: Popeyes UK, the US fried chicken quick service restaurant brand backed here by TDR Capital, has said it is on track to delive … view |
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Monday 7th October 2024 |
Amber Taverns acquired by Big Table Group backer Epiris |
Amber Taverns acquired by Big Table Group backer Epiris: Amber Taverns, the community pub operator, has been acquired by Epiris, the private equity backer of Big Table Group, for an undisclosed sum. The acquisition has been made through E … view |
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Monday 7th October 2024 |
Propel Monday News Briefing |
Blind Tiger Inns’ ‘adult playground’ concept could be ‘blueprint for future venues’, challenges ‘encouraging us to explore new opportunities’: Blind Tiger Inns managing director Chris Tulloch has told Propel its new “adul … view |
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Sunday 6th October 2024 |
D&D owners could finalise rescue bid for TGI Fridays this weekend |
D&D owners could finalise rescue bid for TGI Fridays this weekend: The owners of D&D London could finalise rescue bid for TGI Fridays this weekend, salvaging more than 2,000 jobs. Sky News has reported that Breal Capital and Calveton, whi … view |
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Friday 4th October 2024 |
Exclusive: Sir Tim Martin – my ambition is to double JD Wetherspoon revenue to £4bn in ten years |
Exclusive – Sir Tim Martin – my ambition is to double JD Wetherspoon revenue to £4bn in ten years: JD Wetherspoon chairman Sir Tim Martin has told Propel he is aiming for the company to double its sales to £4bn in the next ten years … view |
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Friday 4th October 2024 |
Exclusive: Wendy’s UK turnover passes £30m |
Exclusive – Wendy’s UK turnover passes £30m: Wendy’s UK, the British arm of the third-largest quick service restaurant chain in the US, saw its turnover pass £30m in the year to 31 December 2023. Its revenue grew from £21,266,567 … view |
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Friday 4th October 2024 |
Friday Opinion |
Subjects: A genuinely good result, long-term financial well-being will help stop staff churn, what other businesses can teach hospitality about customer loyalty, life beyond the tipping legislation – the exciting road ahead for hospitality< … view |
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Friday 4th October 2024 |
JD Wetherspoon revenue passes £2bn for first time, current lfl sales up 4.9% |
JD Wetherspoon revenue passes £2bn for first time, current lfl sales up 4.9%: JD Wetherspoon’s revenue passed £2bn for first time in the year to 28 July 2024. The company’s turnover for the year was up 5.7% from £1,925.0m to £2,035.5m, … view |
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Friday 4th October 2024 |
Propel Friday News Briefing |
We Do Play co-founder – Flip Out thriving, new concept Activate will be UK ‘game changer’, experiential sector ripe for consolidation: Richard Beese, the co-founder of multi-concept experiential leisure operator We Do Play, has reve … view |
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Thursday 3rd October 2024 |
Exclusive: New World Trading Co to undergo restructuring process, to close three sites |
Exclusive – New World Trading Co to undergo restructuring process, to close three sites: Graphite Capital-backed pub restaurant group The New World Trading Company (NWTC) intends to restructure its business to focus on its large Botanis … view |
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Thursday 3rd October 2024 |
SSP UK sales increased by 12% in Q4 driven by high demand in air sector and lower level of disruption in rail |
SSP UK sales increased by 12% in Q4 driven by high demand in air sector and lower level of disruption in rail: SSP Group, the operator of food and beverage outlets in travel locations worldwide, has reported its UK sales increased by 12% in th … view |
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Thursday 3rd October 2024 |
Propel Thursday News Briefing |
Inception Group FY turnover up 16.7%, international expansion on the horizon for Mr Fogg’s: Inception Group, the London hospitality group, has said international expansion is on the horizon for its Mr Fogg’s brand. It comes as th … view |
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Thursday 3rd October 2024 |
Inception Group FY turnover up 16.7%, international expansion on the horizon for Mr Fogg’s |
Inception Group FY turnover up 16.7%, international expansion on the horizon for Mr Fogg’s: Inception Group, the London hospitality group, has said international expansion is on the horizon for its Mr Fogg’s brand. It comes as the com … view |
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Wednesday 2nd October 2024 |
Piano Works founder Alan Lorrimer leaves business |
Piano Works founder Alan Lorrimer leaves business: Alan Lorrimer, founder of The Piano Works, has left the business after starting it nine years ago with operations director Tristan Moffat. Chief financial officer and founding shareholder … view |
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Wednesday 2nd October 2024 |
Update: Shepherd Neame and Scoffs Group results |
Shepherd Neame reports a ‘positive and encouraging’ year with record revenue, current tenanted pub lfl income up 3.1% versus rest of 2024: South east brewer and retailer Shepherd Neame has reported a “positive and encouraging” yea … view |
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Wednesday 2nd October 2024 |
Propel Wednesday News Briefing |
Swiss QSR platform acquires majority stake in Chopstix to drive expansion in UK and new European markets: Switzerland quick service restaurant platform QSRP has acquired a majority stake in Chopstix, the fast-growing, quick service restau … view |
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Wednesday 2nd October 2024 |
Swiss QSR platform acquires majority stake in Chopstix to drive expansion in UK and new European markets |
Swiss QSR platform acquires majority stake in Chopstix to drive expansion in UK and new European markets: Switzerland quick service restaurant platform QSRP has acquired a majority stake in Chopstix, the fast-growing, quick service restau … view |
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Tuesday 1st October 2024 |
Greggs reports total sales up 10.6% in third quarter |
Greggs reports total sales up 10.6% in third quarter supported by menu development, extended trading hours and new digital channels: Food-to-go retailer Greggs has reported “strong like-for-like sales growth” with total sales up 10.6% in … view |
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Tuesday 1st October 2024 |
Propel Tuesday News Briefing |
Foodservice inflation eases again but beverages drive month-on-month rise: Year-on-year inflation in foodservice eased to 2.8% in August 2024, the latest Foodservice Price Index report from Prestige Purchasing and CGA by NIQ shows. It is … view |
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Tuesday 1st October 2024 |
Foodservice inflation eases again but beverages drive month-on-month rise |
Foodservice inflation eases again but beverages drive month-on-month rise: Year-on-year inflation in foodservice eased to 2.8% in August 2024, the latest Foodservice Price Index report from Prestige Purchasing and CGA by NIQ shows. It is the 1 … view |
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Monday 30th September 2024 |
Permanently Unique Group secures new £15m bank facility to fund UK and international expansion |
Permanently Unique Group secures new £15m bank facility to fund UK and international expansion: Permanently Unique Group, the independent restaurant business formerly known as Tattu, has secured a new £15m revolving credit facility to f … view |
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Monday 30th September 2024 |
Tasty and Brighton Pier Group results |
Tasty – outlook ‘cautious’ for rest of 2024 but ‘optimistic’ about navigating current challenges, Harald Samúelsson steps down as NED: Wildwood operator Tasty has said its outlook remains “cautious” for rest of 2024 but that it … view |
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Monday 30th September 2024 |
Propel Monday News Briefing |
Southern Fried Chicken chairman – now focusing on UK expansion, potential for 200-300 sites here: Andrew Withers, chairman of FFS Brands, has told Propel it is now focusing on expanding its Southern Fried Chicken restaurants in the UK a … view |
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Saturday 28th September 2024 |
Exclusive results: Hard Rock Café, Leon, Jollibee UK, Richard Corrigan, Burger & Lobster, Vaulkhard Group |
Hard Rock Café UK reviewing operations and lease arrangement of London Piccadilly site, narrows losses as turnover hits record £32.5m: Hard Rock Café UK is reviewing the operations and lease arrangement of its site in London’s Piccad … view |
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Friday 27th September 2024 |
Friday Opinion |
Subjects: The changing face of wet-led pubs, why hospitality must prioritise allergen management, ops manager labour process, unlocking the potential of restaurant brands in delivery Authors: Glynn Davis, Frankie Douglas, Ala … view |
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Friday 27th September 2024 |
Former Pret CEO Clive Schlee to take the helm at Itsu |
Former Pret CEO Clive Schlee to take the helm at Itsu: Clive Schlee, the former chief executive of Pret A Manger, is to become the new chief executive of Itsu’s circa 80-strong restaurant business with effect from the beginning of November. … view |
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Friday 27th September 2024 |
Propel Friday News Briefing |
Exclusive – Fairgame appoints advisors to accelerate expansion plans: Fairgame, the competitive socialising concept from Richard Hilton, the founder of Gymbox, and sector investor Paul Campbell has appointed advisors to advise on a fund … view |
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Thursday 26th September 2024 |
Update: M&B, Adnams and Prezzo confirms James Brown as new CEO |
M&B reports year-to-date like-for-like sales up 5.2% with all brands in growth: Mitchells & Butlers has reported year-to-date like-for-like sales are up 5.2% with all brands in growth. Total sales for the year to date are up 5.9% with lik … view |
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Thursday 26th September 2024 |
Propel Thursday News Briefing |
Tortilla CEO – business now perfectly placed to own the cuisine across Europe, we’ve bucked the trading trend: Andy Naylor, chief executive of fast-casual Mexican restaurant brand Tortilla, has told Propel that the business is in a … view |
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Wednesday 25th September 2024 |
James Brown to become new Prezzo CEO |
James Brown to become new Prezzo CEO: James Brown, who is stepping down as chief executive of BrewDog Bars, is to become the new chief executive of Prezzo, the Cain International-backed Italian dining group. Sky News reported that Brown will t … view |
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Wednesday 25th September 2024 |
James Brown to step down as CEO of BrewDog Bars |
James Brown to step down as CEO of BrewDog Bars: James Brown is to step down as chief executive of BrewDog Bars, after almost two years in the role, and nine years with the Scottish brewer and retailer. Brown joined the business, which wa … view |
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Wednesday 25th September 2024 |
Update: Tortilla and Everyman results, Punch acquisition, Gaucho, Chick-fil-A |
Tortilla reports lfls returning to growth with new strategic approach ‘progressing well’: Tortilla, Europe’s largest fast-casual Mexican restaurant brand, has said trading is steadily improving on the back of its investment in … view |
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Wednesday 25th September 2024 |
Propel Wednesday News Briefing |
Parkdean Resorts reports ‘encouraging’ trading in 2024 as staycation market bounces back after ‘very challenging’ 2023: Parkdean Resorts, the UK’s largest holiday park operator, has said trading has been “encouraging” in 202 … view |
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Wednesday 25th September 2024 |
NTIA – ‘unprecedented crisis’ as rate of nightclub closures accelerates over past six months |
NTIA – ‘unprecedented crisis’ as rate of nightclub closures accelerates over past six months: The Night Time Industries Association (NTIA) has said the night-time economy is facing an “unprecedented crisis” with the rate of nigh … view |
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Tuesday 24th September 2024 |
Propel Tuesday News Briefing |
Dishoom posts strong growth in FY23 with revenue up 23% to £116.8m, achieves B Corp status: Dishoom, the Indian restaurant group, reported a strong period of growth in its most recent financial year, with revenue up 23% to £116.8m in th … view |
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Monday 23rd September 2024 |
D&D London owners in advanced talks to buy TGI Fridays UK |
D&D London owners in advanced talks to buy TGI Fridays UK: The owners of D&D London are in talks to buy the UK operations of TGI Fridays, whose parent company collapsed into administration last week. Breal Capital and Calveton, which acqu … view |
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Monday 23rd September 2024 |
Giggling Squid reports restaurant turnover up to £76.4m |
Giggling Squid reports restaurant turnover up to £76.4m: Giggling Squid, the Thai restaurant brand backed by the Business Growth Fund, has reported restaurant turnover increased 4.3% to £76.4m for the year ending 31 March 2024, up from … view |
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Monday 23rd September 2024 |
Propel Monday News Briefing |
GGA by NIQ – new wave of investment with growth generally coming from mid-sized operators, big boom in Asian cuisine: There is a new wave of investment in the sector and growth is generally coming from mid-sized operators, with a big bo … view |
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Friday 20th September 2024 |
WSH acquires Genuine Dining as Luke Johnson exits business, Cineworld restructuring plan approved |
WSH acquires Genuine Dining as Luke Johnson exits business: WSH Group, the parent company of BaxterStorey and Benugo, has acquired catering company Genuine Dining with sector investor Luke Johnson exiting the business. Genuine Dining offe … view |
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Friday 20th September 2024 |
Friday Opinion |
Subjects: Teach a man to eat (fish), let’s not lose the human touch, bread and roses Authors: Katherine Doggrell, Glynn Davis, Phil Mellows Teach a man to eat (fish) by Katherine Doggrell |
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Friday 20th September 2024 |
Five Guys UK FY turnover tops £316m, continues to believe there are ‘strong growth prospects’ here |
Five Guys UK FY turnover tops £316m, continues to believe there are ‘strong growth prospects’ here: Better burger brand Five Guys saw its turnover in the UK for the year to 31 December 2023 increase 14% to £316,422,000 (2021: £278, … view |
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Friday 20th September 2024 |
Propel Friday News Briefing |
Julian Metcalfe – Itsu grocery will soon be bigger than the restaurant business, it’s taken 20 years of hard work to go head to head with McDonald’s on the high street: Itsu founder Julian Metcalfe has said the company’s grocery a … view |
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Thursday 19th September 2024 |
Caffè Nero delivers strongest first quarter sales growth for five years |
Caffè Nero delivers strongest first quarter sales growth for five years: Caffe Nero Group, the Gerry Ford-led, premium coffee house business that operates 1,072 stores across ten countries, has said it has delivered its strongest first quarte … view |
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Thursday 19th September 2024 |
Propel Thursday News Briefing |
Sector sees sales increase 1.3% in August for second successive month of below-inflation growth: Britain’s leading hospitality groups achieved “modest” year-on-year sales growth of 1.3% in August 2024, the latest edition of the CGA … view |
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Thursday 19th September 2024 |
Sector sees sales increase 1.3% in August for second successive month of below-inflation growth |
Sector sees sales increase 1.3% in August for second successive month of below-inflation growth: Britain’s leading hospitality groups achieved “modest” year-on-year sales growth of 1.3% in August 2024, the latest edition of the CGA … view |
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Wednesday 18th September 2024 |
TGI Fridays UK operator appoints administrators, Robinsons reports record turnover |
TGI Fridays UK operator appoints administrators as sale talks continue: Hostmore, the parent company of TGI Fridays in the UK, has been put into administration. The company stated: “The sale process for the group's corporate stores remains o … view |
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Wednesday 18th September 2024 |
Propel Wednesday News Briefing |
KFC UK MD – after several years of stabilising the business it’s about getting back to growth: Meg Farren, managing director of KFC UK & Ireland, has said after years of trying to stabilise and recover the foundations of the business, … view |
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Tuesday 17th September 2024 |
Update: Pret H1 sales up 10%, Comptoir H1, Deliveroo, alcohol tax |
Pret H1 sales up 10%, £1 in every £4 now spent by its customers outside the UK, raises £250m of new capital: Pret A Manger has this morning reported that its system sales across company-owned and franchise shops increased 10% year … view |
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Tuesday 17th September 2024 |
Propel Tuesday News Briefing |
Exclusive – Chopstix to make debut in Europe, in a ‘very strong position to explore opportunities in new markets’: Chopstix Group, the operator of the eponymous, fast-growing, quick service restaurant brand, is to open its first site in … view |
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Monday 16th September 2024 |
Exclusive: Stonegate Group places 20-strong investment portfolio on market |
Exclusive – Stonegate Group places 20-strong investment portfolio on market: Stonegate Group, the UK’s largest pub company, has placed a 20-strong portfolio of investment sites on the market, with a combined asking price of just under … view |
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Monday 16th September 2024 |
Propel Monday News Briefing |
Arc Inspirations reports ‘year of transformation’ as revenue nears £50m: Arc Inspirations, the premium bar operator, has described the 12 months to 31 March 2024 as a “transformational year for the business”, as turnover increase … view |
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