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Wednesday 17th October 2018
Update: Patisserie Holdings calls shareholder meeting, another Jamie Oliver finance chief leaves
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
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Wednesday 17th October 2018
Propel Wednesday News Briefing
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
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Wednesday 17th October 2018
UK consumer confidence dips following record highs as Brits prepare to rein in non-essential spending
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
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Tuesday 16th October 2018
Duncan Garrood steps down as Bill's CEO
Duncan Garrood steps down as Bill’s chief executive: Duncan Garrood has stepped down as chief executive of Bill’s Restaurants, owned by Richard Caring, after less than a year, Propel can exclusively reveal. Garrood was brought in to lead t … view
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Tuesday 16th October 2018
Update: Patisserie Holdings' auditor boss quits, climate change could double price of pint, Merlin and Vianet trading
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
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Tuesday 16th October 2018
Propel Tuesday News Briefing
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
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Tuesday 16th October 2018
UKHospitality names industry’s top operations managers, SI Leisure plans to double five-strong estate
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
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Monday 15th October 2018
Update: Patisserie Holdings, D&D London and Cake Box trading, UberEats, Wetherspoon, Domino's
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
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Monday 15th October 2018
Propel Monday News Briefing
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
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Monday 15th October 2018
Coffer Peach Tracker, Antic puts 11 pubs on the market
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
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Friday 12th October 2018
Patisserie Holdings avoids administration as share placing raises £15.7m
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
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Friday 12th October 2018
Update: Patisserie Holdings reveals rescue plan, Cat's Pyjamas, Rarebreed Dining
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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Friday 12th October 2018
Friday Opinion
Subjects: Worrying times, mixing work and pleasure, more pubs please and embrace the vegetable
Authors: Ann Elliott, Glynn Davis, Katy Moses and Michael Ingemann
< … view
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Friday 12th October 2018
Patisserie Holdings CFO arrested
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
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Friday 12th October 2018
Update: Restaurants and pubs ordered to shrink pizzas and pies in obesity fight, Numis on Whitbread
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
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Friday 12th October 2018
Propel Friday News Briefing
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
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Thursday 11th October 2018
Patisserie Holdings doesn’t have finances to ‘continue trading in current form without cash injection’
Patisserie Holdings doesn’t have finances to ‘continue trading in current form without cash injection’: Patisserie Holdings has revealed it doesn’t have the finances to continue trading in its current form without an immediate injectio … view
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Thursday 11th October 2018
Whitbread shareholders approve £3.9bn Costa sale to Coca-Cola, Douglas Jack on Revolution
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
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Thursday 11th October 2018
Propel Thursday News Briefing
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
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Wednesday 10th October 2018
Revolution ends Deltic acquisition talks
Revolution ends Deltic acquisition talks: Revolution Bars Group, the UK operator of 76 premium bars trading under the Revolution and Revolución de Cuba brands, has ended talks over its potential acquisition of The Deltic Group. It follows a s … view
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Wednesday 10th October 2018
Oakman Inns reports like-for-likes up 8.5%
Oakman Inns reports like-for-likes up 8.5% in first half, new Ascot site averaging £83,000 net a week, plans to develop Beech House concept: Oakman Inns and Restaurants has reported like-for-like sales were up 8.5% for the 26 weeks ending 30 … view
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Wednesday 10th October 2018
Patisserie Holdings reveals winding up petition over unpaid £1.14m tax bill
Patisserie Holdings reveals winding up petition over unpaid £1.14m tax bill: The owner of Patisserie Valerie has revealed a winding up petition relating to an unpaid tax bill of £1.14m. Patisserie Holdings suspended its shares on AIM this mo … view
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Wednesday 10th October 2018
Hospitality industry launches mentoring initiative to fast-track female leaders
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
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Wednesday 10th October 2018
Patisserie Valerie owner suspends shares, Marston's buys 15 former M&B sites, BrewDog et al
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
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Wednesday 10th October 2018
Propel Wednesday News Briefing
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
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Tuesday 9th October 2018
City Pub Group to raise £6.2m, Living Ventures puts Manchester House and Artisan into administration
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
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Tuesday 9th October 2018
Burning Night Group goes into administration, offers on table to buy company
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
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Tuesday 9th October 2018
BrewDog to launch bar franchise programme
BrewDog to launch bar franchise programme: Scottish brewer and retailer BrewDog is to launch a bar franchise programme. The initiative will be trialled in ten UK locations, allowing Equity Punks to establish their own BrewDog bar in their home … view
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Tuesday 9th October 2018
Update: Best UK bar and nightclubs revealed, sector champions high street, Greggs, Pret
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
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Tuesday 9th October 2018
Propel Tuesday News Briefing
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
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Monday 8th October 2018
Burger & Lobster returns to profit
Burger & Lobster returns to profit a year after losses hit almost £11m, using London as ‘test kitchen’ for concepts it can roll out internationally: Burger & Lobster has reported a return to profit a year after pre-tax losses hit almost … view
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Monday 8th October 2018
Update: Sector demands digital services tax, Pret, Easyhotel, Shepherd Neame, pub closures
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
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Monday 8th October 2018
Propel Monday News Briefing
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
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Saturday 6th October 2018
Breaking News: Papa John's UK results, Novus, Lucky Voice, Cinnamon Collection et al
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
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Friday 5th October 2018
Travelodge's £100m expansion, Tom Kerridge
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
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Friday 5th October 2018
Friday Opinion
Subjects: That’s entertainment, supping with the devil, time for a new apprenticeship deal and supplying the demand
Authors: Glynn Davis, Paul Chase, Jill Whittaker and Gareth Hutton

That’s ent … view

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Friday 5th October 2018
Propel Friday News Briefing
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
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Thursday 4th October 2018
Update: Wagamama reports first-quarter results, Jamie Oliver strengthens team
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
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Thursday 4th October 2018
MOD Pizza UK loses £11m, TGI Friday’s UK sale, Tim Martin defends staff policy
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
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Thursday 4th October 2018
Propel Thursday News Briefing
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
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Thursday 4th October 2018
Ei Group unveils new managed joint venture, sector's post-Brexit concern over food and drink price rises
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
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Wednesday 3rd October 2018
Results: McDonald’s UK, Soho House, Stringfellows
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
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Wednesday 3rd October 2018
Propel Wednesday News Briefing
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
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Wednesday 3rd October 2018
Ei Group and Oakman Inns end Hunky Dory partnership, first time managed joint venture finishes
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 managed … view
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Tuesday 2nd October 2018
Update: Foodservice inflation, TRG brings nine more sites to market
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
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Tuesday 2nd October 2018
Revolution reports disappointing year, like-for-like sales minus 5% in recent weeks
Revolution reports disappointing year, like-for-like sales minus 5% in recent weeks: Revolution Bars Group, the UK operator of 76 premium bars, trading under the Revolution and Revolución de Cuba brands, has reported sales of £141.9m (FY17: … view
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Tuesday 2nd October 2018
Propel Tuesday News Briefing
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
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Monday 1st October 2018
Michelin awards record number of new stars for 2019
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
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Monday 1st October 2018
Deliveroo reports sales grow 116% to £277m but losses increase, now working with 50,000 restaurants
Deliveroo reports sales grow 116% to £277m but losses increase following year of major investments, now working with 50,000 restaurants: Deliveroo has reported sales grew 116% to £277m for the year ending 31 December 2017, compared with £12 … view
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Monday 1st October 2018
Government to enact legislation to ensure all tips are passed on
Government to enact legislation to ensure all tips are passed on: Theresa May has pledged to stop foodservice employers deducting money from tips given by customers to waiters and bar staff. The move, which will require legislation, will stop … view
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Monday 1st October 2018
Propel Monday News Briefing
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
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Sunday 30th September 2018
Five Guys secures £100m banking facility to support expansion in Britain, full-year UK turnover increases 42% to £122m
Five Guys secures £100m banking facility to support expansion in Britain, full-year UK turnover increases 42% to £122m: Better burger brand Five Guys has reported it has secured a £100m banking facility to support its expansion plans in the … view
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Friday 28th September 2018
Michelin unveils Bib Gourmand winners
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
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Friday 28th September 2018
Friday Opinion
Subjects: Michelin-starred street food, potatoes never let you down, leadership mentoring, the migration conundrum and cask by numbers
Authors: James Hacon, Glynn Davis, Ann Elliott, Brigid Simmonds and Paul Nunny
view
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Friday 28th September 2018
Update: Richoux, Jamie Oliver, Applegreen and Shaftesbury
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
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Friday 28th September 2018
Propel Friday News Briefing
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
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Thursday 27th September 2018
Chapel Down plan experiential ginnery in King's Cross, M&B sales strengthen
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
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Thursday 27th September 2018
Propel Thursday News Briefing
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
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Wednesday 26th September 2018
Update: Shepherd Neame and St Austell results, Leon, SSP
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
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Wednesday 26th September 2018
Propel Wednesday News Briefing
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
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Tuesday 25th September 2018
Hard Rock Cafe UK reports £30,000-a-week merchandise boost from weak pound
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
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Tuesday 25th September 2018
Update: Luke Johnson to increase stake in Brighton Pier Group, Time Out et al
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
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Tuesday 25th September 2018
Propel Tuesday News Briefing
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
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Monday 24th September 2018
West Berkshire Brewery reports increased losses but expects to be profitable by end of this month
West Berkshire Brewery reports increased losses but expects to be profitable by end of this month: West Berkshire Brewery, which has raised more than £10m in its latest Enterprise Investment Scheme (EIS) fund-raise, has revealed increased los … view
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Monday 24th September 2018
Propel Monday News Briefing
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
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Monday 24th September 2018
Shepherd Neame adds three pubs to London estate
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
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Saturday 22nd September 2018
Alan Yau’s Babaji Pide closes
Alan Yau’s Babaji Pide closes: Babaji Pide, the Turkish restaurant in London’s Shaftesbury Avenue that was set up by Wagamama founder Alan Yau, has closed. The restaurant’s website reports it is “closed until further notice due to a te … view
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Friday 21st September 2018
Friday Opinion
Subjects: Avoiding commoditisation, beyond the call of duty, sunny side up and copyright protection racket
Authors: James Hacon, Glynn Davis, Shourav Sen and Paul Chase

Avoiding commoditisation by … view

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Friday 21st September 2018
Update: Tasty declares £11.2m impairment charge, plus Uber Eats and McDonald’s
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
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Friday 21st September 2018
Propel Friday News Briefing
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
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Thursday 20th September 2018
Administrators reveal extent of CAU’s troubles as Gaucho left with estimated total deficiency of almost £65m
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
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Thursday 20th September 2018
Update: City Pub Group and Diageo
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
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Thursday 20th September 2018
Propel Thursday News Briefing
Carlsberg executive – craft beer market should take note of the cocktail renaissance: The renaissance of cocktails offers some key lessons to the craft beer market, a senior Carlsberg executive has told Propel. Paul Davies, Carlsbe … view
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Wednesday 19th September 2018
Update: Comptoir Group, NewRiver and cashless pub
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
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Wednesday 19th September 2018
Propel Wednesday News Briefing
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
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Wednesday 19th September 2018
Brexit anxiety hitting confidence of bosses
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 reve … view
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