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Friday 30th January 2015
Antic secure five freeholds, Shake Shack soars
Antic secures five freeholds, plans six openings: A new funding package has been agreed that will keep five core sites inside the Antic London estate, in a deal involving the investment fund Downing, Antic, Barclays and several Downing-managed … view
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Friday 30th January 2015
Starbucks opens 100th UK franchised store: Geronimo Inns add two sites
Starbucks opens 100th UK franchised store: Starbucks has opened its 100th franchised store in the UK with a new store on the Mile End Road in East London. The company launched its franchise programme two years ago. The first franchised store, … view
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Friday 30th January 2015
Friday Opinion
Subjects: Making a local connection, sin taxes and US consumers relationship with fast casual brands
Authors: Martyn Cornell, Paul Chase and Darren Tristano

Making a local connection by Martyn Corn … view

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Friday 30th January 2015
UK beer sales rise after double duty cut
UK beer sales rise after double duty cut: A decade of decline in UK beer sales has come to an end, with a 1.3% rise in UK beer sales in 2014, it has been announced today. The startling turn around in the fortunes of Britain’s favourite pub d … view
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Friday 30th January 2015
Update: Rooney Anand, Fuller's trading and Eclectic
Greene King boss renews call for Minimum Unit Pricing: Greene King chief executive Rooney Anand has renewed his call for the introduction of Minimum Unit Pricing (MUP) to curb alcohol abuse. In an opinion piece published this morning in t … view
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Friday 30th January 2015
Propel Friday News Briefing
Meantime Brewery opens fourth Greenwich outlet as it boosts production in £6.4m expansion: Meantime Brewery has opened its fourth outlet in its home patch of Greenwich, south east London, a 100-capacity bar at its brewery called the Tast … view
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Thursday 29th January 2015
Oakman agrees terms to acquire flagship Lazy Cow site in Warwick
Oakman agrees terms to acquire flagship Lazy Cow site in Warwick: Oakman Inns & Restaurants, the pub and restaurant operator led by Peter Borg-Neal, has agreed terms with the key parties to take over The Lazy Cow in Warwick, a flagship site th … view
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Thursday 29th January 2015
BrewDog launches craft beer import and distribution division
BrewDog launches craft beer import and distribution division: Scottish brewer and retailer BrewDog has launched a new UK import and distribution division and announced an exclusive deal to import beers from American craft brewer, Stone Brewing … view
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Thursday 29th January 2015
Mitchells & Butlers reports like-for-likes up 1.7%
Mitchells & Butlers reports like-for-likes up 1.7%: Mitchells & Butlers has reported like-for-like sales up 1.7% in the 17 weeks ending 24 January. Year to date sales have increased by 9.1%. The company stated: “The festive period saw a … view
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Thursday 29th January 2015
Propel Thursday News Briefing
English executive Steve Easterbrook takes top job at McDonald’s: McDonald’s global marketing boss Steve Easterbrook, who is English and ran McDonald’s in the UK, will be the next president and chief executive of McDonald’s, replac … view
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Wednesday 28th January 2015
Propel Wednesday News Briefing
Welcome Break reports record Christmas trading: Welcome Break, the motorway services operator, has announced record festive trading, boosted by its branded foodservice offer. In the three weeks to 6 January 2015, sales across Welcome Bre … view
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Tuesday 27th January 2015
PizzaLuxe seeks £500,000 funding on Crowdcube
PizzaLuxe seeks £500,000 funding on Crowdcube: PizzaLuxe, the pizza business founded by former Epicurean Holdings owner and Harrods director of restaurants Paul Goodale and Maze executive Laura Pabon, is seeking to raise £500,000 in return f … view
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Tuesday 27th January 2015
Marston’s reports strong festive trading
Marston’s reports strong festive trading: Marston’s has reported strong festive trading ahead of its AGM at noon today. The company said that for the 16-week period to 24 January performance has been ‘encouraging, including good tra … view
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Tuesday 27th January 2015
Propel Tuesday News Briefing
Jamie Barber says ‘we’d like to open 15 Cabana sites in the next three years’, hails street-driven UK foodservice innovation: Cabana co-founder Jamie Barber has set a target of opening five new Cabana sites a year for three years after t … view
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Monday 26th January 2015
Propel Monday News Briefing
Whitbread secures prime off-market hub double in Westminster for £80m: Whitbread has acquired two sites for its new hub by Premier Inn format, on Tothill and Dacre Street in Westminster, for circa £80m in two off-market deals. The site … view
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Friday 23rd January 2015
Maclay Group goes into administration
Maclay Group goes into administration: Maclay Group, the Scottish pub and bar operator, has gone into administration after hitting what was described as "an unexpected funding requirement". The Alloa-based company announced this evening that i … view
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Friday 23rd January 2015
M&B fined £1.5m over food poisoning death; McDonald's revenues drop 7% in Q4
Mitchells & Butlers fined £1.5m over Christmas dinner food poisoning death: Mitchells & Butlers has been fined £1.5m today after being found guilty of placing unsafe food on the market over the death of a woman following a food poisoning inc … view
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Friday 23rd January 2015
Friday Opinion
Subjects: The return of confidence, the ordinary pint pot and early highlights of 2015
Authors: Chris Edger, Martyn Cornell and Ann Elliott
 

Raise a glass to the return of confidence by Chris Edgerview

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Friday 23rd January 2015
Propel Friday News Briefing
Starbucks reports global like-for-likes up 5%, record profitability in Europe: Starbucks has reported a global 5% increase in like-for-like sales in its First Quarter, the 13 weeks to 28 December. In Europe, like-for-likes were up 4%, dri … view
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Thursday 22nd January 2015
Bulldog set for £20m expansion after selling 20% stake
Bulldog set for £20m expansion after selling 20% stake: Independent coaching inn operator the Bulldog Hotel Group is set for major expansion, following investment from sector specialist investment company the Commer Group. The deal, for an un … view
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Thursday 22nd January 2015
Propel Thursday News Briefing
Yummy Pub Company reports ‘phenomenal trading’ at coffee operation, eyes two more sites: Yummy Pub Company has reported ‘phenomenal trading’ at its Southwark coffee shop operation, The Gentlemen Baristas, opened in partnership wit … view
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Wednesday 21st January 2015
Walkabout operator to undertake CVA to shed sites
Walkabout operator to undertake CVA to shed sites: Walkabout operator Intertain, owned by Jon Moulton-led private equity firm Better Capital and operating 32 sites, is to undertake a Company Voluntary Arrangement (CVA) to secure the long term … view
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Wednesday 21st January 2015
Tim Martin – we’re bidding record amounts for Irish sites
Tim Martin – we’re bidding record amounts for Irish sites: JD Wetherspoon founder Tim Martin has told Propel that the company is bidding record amounts for Irish pub sites. Martin reported that the company has twice bid seven million … view
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Wednesday 21st January 2015
Douglas Jack – JDW trapped by discounting
Douglas Jack – JDW trapped by discounting: Numis Securities leisure analyst Douglas Jack has argued that JD Wetherspoon is suffering downgrade momentum, trapped by discounting as consumers trade up on the fewer occasions they venture out. He … view
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Wednesday 21st January 2015
JDW reports slowing LfLs, Tim Martin questions out-of-town investment
JDW reports slowing LfLs, Tim Martin questions out-of-town investment: JD Wetherspoon has reported that like-for-like sales slow to circa 2% in December and have slowed further since. For the first 12 weeks of the second quarter (to 18 Ja … view
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Wednesday 21st January 2015
Propel Wednesday News Briefing
Starbucks launches wireless charging at ten London stores: Starbucks is launching Powermat wireless charging zones in ten central London Starbucks stores, claiming to be “the first on the high street to offer this technology”. Custom … view
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Tuesday 20th January 2015
10 Minutes with BII chairman Anthony Pender
10 Minutes with BII chairman Anthony Pender: It’s a new beginning at the British Institute of Innkeeping with the arrival of Yummy Pub Company co-founder Anthony Pender as its new and rather youthful chairman. In our latest “Ten minutes w … view
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Tuesday 20th January 2015
G1 Group repays £411,000 of training cash after irregularities
G1 Group repays £411,000 of training cash after irregularities: G1 Group, Scotland’s largest independent managed operator led by Stefan King, has admitted financial irregularities in respect of public money claimed for training and rep … view
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Tuesday 20th January 2015
Update: Eagle Eye, NewRiver Retail, M&B
Eagle Eye reports revenue growth: Eagle Eye, the provider of digital consumer engagement solutions to the retail and hospitality industries, has reported sales grew 276% to £2.3m (H1 2014: £600,000) in the six months to 31 December 2014 … view
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Tuesday 20th January 2015
Propel Tuesday News Briefing
Matthew Clark reports record Christmas with £100m plus of sales: Wholesaler Matthew Clark is celebrating a bumper Christmas, which saw December sales break £100m, marking its most successful month ever, bolstered by strong performances … view
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Monday 19th January 2015
Update: Draft House, Innventure, Bonnie Gull format tweak
Draft House secures seventh site, opens next month: London craft beer business Draft House, led by Charlie McVeigh and backed by sector investor Luke Johnson, has acquired a seventh site, The Laurie Arms on Shepherds Bush Road, which will … view
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Monday 19th January 2015
Propel Monday News Briefing
Greene King reports like-for-likes up 2% over Christmas and New Year: Greene King has reported like-for-likes up 2% over Christmas and New Year and up 0.6% for the 36 weeks to 11 January 2015. Pub Partners like-for-like net income is up 2 … view
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Sunday 18th January 2015
Update: Honest Burgers, Giggling Squid, Wagamama
Active Private Equity takes Honest Burgers stake: Private equity firm Active, which has investments in Leon and the Evans cycle shop business, has taken a 50% stake in better burger chain Honest Burgers. A total of around £7m is thought … view
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Friday 16th January 2015
Update: Oakman results, James Horler, Lovely Pubs plus
Oakman Inns reports ‘transformational’ year, set for exponential growth: Oakman Inns and Restaurants, led by Peter Borg-Neal, has reported a ‘transformational year’ to 6 April 2014 in which turnover grew 21% to £10,861,993 from … view
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Friday 16th January 2015
Friday Opinion
Authors: David Martin, Martyn Cornell and Paul Chase
Subjects: The problem with predictions, Chef & Brewer and New Year fibs
 

The problem with predictions, by David Martin

The turn of the yea … view
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Friday 16th January 2015
Begbies Traynor: price war could send more than 100 food suppliers bust
Begbies Traynor – supermarket price war could send more than 100 food suppliers bust: While most of the UK’s largest supermarkets reported stronger than expected food sales over the festive period, their ongoing and brutal price war i … view
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Friday 16th January 2015
Propel Friday News Briefing
Stonegate ‘new generation’ student pub proving to have broader appeal: Stonegate Pub Company’s ‘new generation’ student pub, aimed at evolving the former Mitchells & Butlers ‘It’s A Scream’ student brand, is proving to hav … view
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Thursday 15th January 2015
Update: HSBC pays £590,000 loan redress
HSBC pays Ossett Brewing Pub Company loan redress: Ossett Brewing Pub Company, led by Jamie Lawson and Mike Inman, has reported that it received cash payments of £590,861 from HSBC last year by way of loan redress. The annual accounts do … view
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Thursday 15th January 2015
Propel Thursday News Briefing
Coffer Peach – Christmas like-for-likes up 2.8%, restaurant chains up 4.7%: Pub and restaurant groups had a Christmas season to celebrate with collective like-for-like sales up 2.8% on the same period last year. Latest figures from the … view
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Wednesday 14th January 2015
PoundPub to be franchised after success of first three sites
PoundPub to be franchised after success of first three sites: The PoundPub concept, which sells pints for £1.50 and half pints for £1, is to be offered as a franchise from Easter by owner Here For You Hospitality after its success at the fir … view
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Wednesday 14th January 2015
Actor Neil Morrissey launches new pub company with Punch site
Actor Neil Morrissey launches new pub company with Punch site: Actor Neil Morrissey is launching a new pub company, MSW Pub Company, with a £400,000 refurbishment of a Punch Taverns site, the Plume of Feathers in Barlaston, Staffordshire. The … view
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Wednesday 14th January 2015
Results: Just Eat, Christie Group, C&C Group, Cineworld
Just Eat – orders up by 50% on a like-for-like basis in 2014: Just Eat, the online and mobile marketplace for takeaway food, has reported that the strong momentum reported during the year has continued for the year ended 31 December “ … view
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Wednesday 14th January 2015
Propel Wednesday News Briefing
Crowdcube raised £35.9m in 2014 – and grew investor community by 57,000 members: Crowdfunding platform Crowdcube has reported it helped 105 businesses raise £35.9 million in funding in 2014. This represents a 246% increase compared to … view
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Tuesday 13th January 2015
Beds and Bars chops debt by £15m, reveals ‘industry leading’ results
Beds and Bars chops debt by £15m, reveals ‘industry leading’ results: Pan-European hostel provider Beds and Bars, led by Keith Knowles and chaired by Tim Sykes, has reported a ‘truly amazing set of numbers’ as it pays down more than … view
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Tuesday 13th January 2015
Carluccio’s names new chief executive
Carluccio’s names new chief executive: Carluccio’s, the 105-strong Italian all-day restaurant group owned by Dubai-based investment group Landmark, has appointed Neil Wickers as its new chief executive, starting 23 February 2015. Simon Kos … view
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Tuesday 13th January 2015
Greggs – December like-for-likes up 8.2%
Greggs – December like-for-likes up 8.2%: Greggs, led by former Punch chief executive Roger Whiteside, has reported December like-for-likes rose by 8.2%. The strong end to 2014 means total sales for the financial year were up 5.5% and like-f … view
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Tuesday 13th January 2015
Propel Tuesday News Briefing
JD Wetherspoon applies for first stand-alone hotel next door to its proposed pub in Huntingdon: JD Wetherspoon has submitted plans to create a 22-bedroom hotel next door to a proposed pub in Huntingdon – the first time it has ever appli … view
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Monday 12th January 2015
Horizons – eating out sales to grow by 2% this year
Horizons – eating out sales to grow by 2% this year: Trading through the eating out sector is likely to improve further this year, although it’s still a long way off peak 2008 levels, according to foodservice consultancy Horizons. The … view
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Monday 12th January 2015
Propel Monday News Briefing
Losses reduce at Corbin & King: Losses have dropped at high-profile London restaurant operators Corbin & King, who are backed by private equity firm Graphite Capital. Turnover rose 23.8% to £35,401,901 in the year ended 30 March 2014. Th … view
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Friday 9th January 2015
Update: Prezzo, Leon, Luminar, Shake Shack, McDonald's plus
Prezzo shareholders vote for TPG Capital offer: Prezzo shareholders have voted in favour of the recommended bid for the company by the US buyout specialist TPG Capital's vehicle Papa Bidco. The bid needed the support of 75% of voting sharehold … view
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Friday 9th January 2015
Friday Opinion
Subjects: Greene King’s horses for courses, buy-one-get-one-free, the juice opportunity and crowd-funding predictions for 2015
Authors: Martyn Cornell, Paul Chase, Ann Elliott and Luke Lang
 

Greene … view

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Friday 9th January 2015
Trading updates: Restaurant Group and SSP
Restaurant Group reports LfLs up 5% over two-week Xmas period: The Restaurant Group has reported like-for-like sales grew 5% over the two week holiday period to 4 January 2015. For the 52 weeks ending 28 December, total turnover was up 9. … view
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Friday 9th January 2015
Propel Friday News Briefing
City Pub Company’s Clive Watson – it was the best Christmas in 25 years: City Pub Company chairman Clive Watson has described festive trading as the “best Christmas” in a quarter century of his involvement in the sector. The … view
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Thursday 8th January 2015
Ex-Leon staffers seeks £2m to expand Pint Shop
Ex-Leon staffers seeks £2m to expand Pint Shop: Pint Shop, the award-winning Cambridge-based concept specialising in British meat and beer, is seeking £2 million investment from leading hospitality figures as it looks to expand to a sec … view
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Thursday 8th January 2015
Be At One reports 15% December Lfls, Boston Tea Party results
Be At One reports 15% like-for-like growth in December: Cocktail bar group Be At One, which is backed by Piper Private Equity, has reported an increase of 15% in like-for-like sales in the five weeks of December. Group sales for the compa … view
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Thursday 8th January 2015
Red’s True makes key hires, Tesco and M&S results
Red’s True makes key hires: Red’s True Barbecue has appointed Matt Snell as operations director and Craig Bell as finance director. Snell, 36, joins from Fuller’s where he is currently head of operations for the quality division, ov … view
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Thursday 8th January 2015
Propel Thursday News Briefing
Star Pubs & Bars promises to increase cider and beer discount for lessees for three years: Star Pubs & Bars, the operator of 1,200 pubs owned by Heineken, is to increase the discount it gives to its lessees on Heineken’s cider and beer brand … view
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Wednesday 7th January 2015
Sainsbury’s – food deflation likely to continue in 2015
Sainsbury’s – food deflation likely to continue in 2015: Sainsbury’s has reported like-for-like sales dropped 1.7% in the 14 weeks to 3 January 2015. The company has predicted further food deflation in 2015 as it drops prices on 1,0 … view
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Wednesday 7th January 2015
Propel Wednesday News Briefing
Jamie Rollo – Whitbread could make a surprise acquisition of an embryonic brand as it demerges Costa: Morgan Stanley's leisure analyst Jamie Rollo has predicted that Whitbread could acquire an embryonic grab-and-go brand in 2015 as it demerg … view
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Tuesday 6th January 2015
C&C Group drops bid for Spirit Pub Company
C&C Group drops bid for Spirit Pub Company: Magners producer C&C Group has announced that it does not intend to proceed with an offer for Spirit Pub Company as a combination with Spirit “no longer meets the Group’s risk adjusted retur … view
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Tuesday 6th January 2015
Arkell's laments "bread and butter is over" as it reports results
Arkell’s reports turnover and profit boost: Swindon-based brewer and retailer Arkell’s has reported turnover grew by 6.4% to £19.861m in the year ended 31 March 2014. Profit before tax rose by 2.9% to £1.935m, including an exception … view
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Tuesday 6th January 2015
Loungers reports record December trading
Loungers reports record monthly sales of more than £5m: Loungers, the Piper Private Equity backed all-day café and bar group, has reported record sales in the month of December as net sales for the calendar month exceeded £5m. The grou … view
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Tuesday 6th January 2015
Propel Tuesday News Briefing
Britons take 17 days to fall off the wagon in January: Britons who go teetotal for January fall off the wagon after an average of just 17 days, according to new research. Most people who pledge to stay dry for a month in new year resolut … view
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Tuesday 6th January 2015
Liberation Group buys Somerset-based Butcombe
Liberation Group buys Somerset-based Butcombe: The Channel Islands brewer and retailer Liberation Group has acquired the Somerset-based Butcombe Brewery, creating a business that operates 94 pubs, bars and eateries, two breweries brewing more … view
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Monday 5th January 2015
Charles Wells reports ebitda of £14.7m
Charles Wells reports ebitda of £14.7m: Charles Wells, the Bedford-based family-owned brewer and retailer, has reported that sale rose by £5m to £187m in the year to 27 September 2014, with profit after tax of £7.7m, up 24% from £6.2m the … view
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Monday 5th January 2015
JD Wetherspoon ends Heineken de-listing row
JD Wetherspoon ends Heineken de-listing row: JD Wetherspoon has come to an agreement with Heineken to re-stock a range of its products in its UK and Republic of Ireland pubs. It follows its decision in December to delist all Heineken products … view
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Monday 5th January 2015
Propel Monday News Briefing
Nick Collins becomes Loungers managing director, Alex Reilley takes executive vice-chairman role: Loungers, the Bristol based all-day cafe/bar operator, has appointed Nick Collins as managing director. The appointment will see current ma … view
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Friday 2nd January 2015
Operators report December LfLs ‘strong’ after slow start
Operators report December LfLs ‘strong’ after slow start: Christmas trade arrived late this year as preliminary sales figures for December and the New Year period show healthy like-for-likes after a tentative first couple of weeks. Peter B … view
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Thursday 1st January 2015
Propel Thursday News Briefing
Wasabi breaches covenants in “unprecedented period of change”: Wasabi, which operates 37 sushi and bento outlets in central London, has reported breaching “several banking covenants” in 2013 as it underwent an unprecedented period … view
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