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Thursday 30th April 2015
Propel Thursday News Briefing
Fast casual brands dominate US growth list: Fast-casual brands in Technomic’s Top 500 Chain Restaurant Report increased their collective annual sales in the United States by 12.8% to $30bn in 2014, a growth rate nearly double the next-larges … view
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Wednesday 29th April 2015
Update: Giggling Squid, Young's and Wetherspoon
Giggling Squid secures Bath site, eight more in legals: Thai brand Giggling Squid has secured a new site in Bath and has eight more in legals. The latest acquisition takes the group’s portfolio to 13 sites. The company, which introduced … view
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Wednesday 29th April 2015
Spirit reports like-for-likes up 1.5%
Spirit reports like-for-likes up 1.5%: Spirit Pub Company has reported like-for-like sales in its managed division up 1.5% in the 28 weeks to 7 March, with total net sales up 4.5%. Ebitda was £71m (2014: £60m). Profit before tax was £3 … view
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Wednesday 29th April 2015
Propel Wednesday News Briefing
Whitbread – Costa now twice as popular as Starbucks in the UK: Whitbread has reported that Costa Coffee is now the preferred choice of coffee shop, in a survey undertaken annually by YouGov, for 38% of consumers (up from 22% in 2008), w … view
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Tuesday 28th April 2015
Whiting & Hammond turnover hits £10m, eyes two sites
Whiting & Hammond turnover hits £10m, eyes two sites: Gastro-pub operator Whiting & Hammond, led by Brian Whiting, saw turnover push through the £10m mark in the year to 30 September 2014 – turnover was £10,019,943 compared to £9,177,697 … view
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Tuesday 28th April 2015
Whitbread extends targets, Harrison to step down
Whitbread extends growth milestones: Whitbread has extended its growth targets. The company now plans to have circa 85,000 Premier Inn rooms by 2020 compared to the current figure of 59,138. It also plans to grow Costa Coffee system sales … view
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Tuesday 28th April 2015
Propel Tuesday News Briefing
Downing looks to raise up to £40m for its EIS Pub Fund and actively seeks operating partners: Downing, a long-term investor in the sector, is looking to take advantage of investors’ appetite for EIS products and raise a further £20m t … view
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Monday 27th April 2015
Marco Pierre White’s Norfolk pubs come on the market
Marco Pierre White’s Norfolk pubs come on the market: Marco Pierre White’s four Norfolk pubs have come on the market through the property agent Fleurets. The properties are being offered for sale on the instructions of the administrator, A … view
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Monday 27th April 2015
BrewDog in advanced talks on £3m US production site
BrewDog in advanced talks on £3m US production site in Ohio: The Scottish brewer and retailer BrewDog has revealed that it is in advanced talks to open a production facility in Columbus, Ohio. Propel reported in January that the California-ba … view
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Monday 27th April 2015
Propel Monday News Briefing
McDonald’s to unveil turnaround plan on 4 May: McDonald’s chief executive Steve Easterbrook will unveil details of his turnaround plan for the company on Monday 4 May. Current initiatives include simplifying its menu, selling healthie … view
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Friday 24th April 2015
Update: Charles Wells, TGI Friday's, Abokado, Greene King
Charles Wells and Chris Gerard to open second Apostrophe Pubs outlet: The Bedford brewer and retailer Charles Wells is teaming up with Chris Gerard of Innventure to open a second outlet under the Apostrophe Pubs name, after the success of … view
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Friday 24th April 2015
Friday Opinion
Friday Opinion:
 
Subjects: Guiding principles of brand development, dubious craft beer statistics, and thinking outside the box
Authors: Chris Edger and Tony Hughes, Martyn Cornell, Ann Elliott

 

Guiding principles on the … view

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Friday 24th April 2015
Propel Friday News Briefing
Starbucks reports like-for-likes up 7% around the world in Q2: Starbucks has reported like-for-like sales around the world rose by 7% in its Second Quarter (Q2), the 13-week period ended 29 March, with a 3% rise in traffic. America like-f … view
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Thursday 23rd April 2015
Chapel Down reports record year
Chapel Down reports record year: Wine maker Chapel Down Group has reported year-on-year sales up 21% on last year at a record £6.1m (2013: £5.0m) in the year to 31 December 2014. Ebitda rose to £479,000 (2013: £454,000) and pre-tax profit … view
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Thursday 23rd April 2015
Propel Thursday News Briefing
HVS London – more than half of the world’s hotels are now branded: Over half of the world’s hotels are now branded properties, with franchising being the operating model of choice for most of the large hotel operators, a new report … view
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Wednesday 22nd April 2015
McDonald's sees like-for-like sales fall across the board
McDonald's sees like-for-like sales fall across the board: McDonald's today announced like-for-like sales falls around the world for the three months to the end of March 2015, with April like-for-likes also expected to be down. Same-store sale … view
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Wednesday 22nd April 2015
BrewDog – new fund-raising creates £305m valuation
BrewDog – new fund-raising creates £305m valuation: BrewDog has stated that it will smash crowdfunding records if it succeeds in raising £25m in its latest share issue – £25m is more than five times the previous record set by the brewer … view
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Wednesday 22nd April 2015
Punch Taverns reports 54% rise in First Half profit
Punch Taverns reports 54% rise in First Half profit: Punch Taverns has reported Ebitda of £105 million (2014: £108 million) in the 28 weeks to 7 March, in line with expectations. It has reiterated full year underlying Ebitda guidance of … view
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Wednesday 22nd April 2015
Propel Wednesday News Briefing
BrewDog eyes ‘craft beer focused hotel’ as it launches £25m fund-raising: BrewDog launched a £25m fund-raising yesterday, its fourth round, by issuing 526,316 new B Shares. The offer closes on 20 April 2016 and shares cost £47.50 each, … view
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Tuesday 21st April 2015
Coaching inn operator appoints Andrew Guy as non-exec chairman
Bulldog Hotel Group appoints Andrew Guy as non-executive chairman: Independent coaching inns operator the Bulldog Hotel Group, which recently secured a £4.5m investment from the Business Growth Fund to support its planned £20 million expansi … view
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Tuesday 21st April 2015
Pret A Manger reports LfLs up 9.7%
Pret A Manger reports LfLs up 9.7%: Pret A Manger has reported like-for-like sales rose 9.7% in the year to 1 January 2015, with sales up 16% to £594m. Its coffee sales have hit the one million a week mark with revenues also boosted by n … view
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Tuesday 21st April 2015
Sky reports 242,000 new customers in Third Quarter
Sky reports 242,000 new customers in Third Quarter: Sky has reported 242,000 new customers in its Third Quarter to 31 March 2015, almost 70% more than prior year. It sold over one million new paid-for subscription products. The results are the … view
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Tuesday 21st April 2015
Propel Tuesday News Briefing
Tim Lowther to lead Smashburger expansion in the UK: Tim Lowther, who helped Shake Shack and Five Guys grow in Britain, is to lead the expansion of another American better burger brand, Smashburger, in the UK after the franchise rights were ac … view
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Monday 20th April 2015
SSP launches brew house and barbecue concept
SSP launches brew house and barbecue concept: Transport hub foodservice specialist SSP Group has opened a bespoke concept called The Spinning Jenny’s Brew House at Manchester Airport’s Terminal 2. With a design that captures the vibe … view
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Monday 20th April 2015
Everyman raises £20m to buy four cinemas
Everyman raises £20m to buy four cinemas: Everyman Media Group has raised £20 million via a placing of 23,529,412 Ordinary Shares at the Placing Price of 85p per share. The Placing Shares have been conditionally placed by Cenkos, as age … view
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Monday 20th April 2015
Propel Monday News Briefing
G&D Ventures buys Animal Inns sites: G&D Ventures, which is the vehicle of business partners Gregory Adjemian and Daniel Smith and operates the Bib Gourmand-recognised Ingham Swan, near Stalham, Norfolk, has bought independent restaurant … view
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Friday 17th April 2015
Update: Searcys, Marston's, Las Iguanas, Snug, Asda
Searcys reports £2.6m loss as turnover drops £4.3m: High quality caterer and champagne bar operator Searcys has reported a loss of £2,604,684 in the year to the end of June 2014 compared to a loss of £63,506 the year before. Turnover … view
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Friday 17th April 2015
Friday Opinion
Subjects: The impact of increasing graduate numbers, lager as a pioneer, and alcohol and the election
Authors: David Martin, Martyn Cornell and Paul Chase

Where once the mass market meant blue-coll … view

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Friday 17th April 2015
Propel Friday News Briefing
Restaurants and pubs missing out on millions in energy savings: Restaurants and pubs in the UK are missing out on millions of pounds of profit because they are not paying enough attention to managing their energy consumption, according to Mitc … view
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Thursday 16th April 2015
Eat reports losses double to £26.3m
Eat reports £26.3m loss in year it invested £11.7m: Eat has reported that losses more than doubled to £26.3m in the year to 26 June 2014 from £12.8m the year. Turnover was slightly higher at £93,952,875 compared to £93,595,652 the y … view
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Thursday 16th April 2015
BrewDog founder – shareholders seen 525% value increase in three years
BrewDog founder – shareholders seen 525% value increase in three years: BrewDog founder James Watt has reported that shareholders who invested in 2012 have seen their shares increase in value by 526%. Watt also suggested that BrewDog’s gro … view
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Thursday 16th April 2015
Jamie Rollo – why aren’t UK pubs enjoying the recovery?
Jamie Rollo – why aren’t UK pubs enjoying the recovery?: Morgan Stanley leisure analyst Jamie Rollo has questioned why the UK pub sector is not posting stronger figures, as evidenced by the Peach Coffer Tracker, given the economic recovery … view
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Thursday 16th April 2015
Propel Thursday News Briefing
Easter delivers 5.1% sales boost for restaurant and pub groups: Collective like-for-like sales for managed pub and restaurant groups over Easter were up 5.1% on Easter 2014, Coffer Peach Business Tracker figures have revealed. However, the str … view
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Wednesday 15th April 2015
Big Easy withdraws £3m mini-bond after investor approaches
Big Easy withdraws £3m mini-bond after investor approaches: Big Easy, the US-style barbecue and lobster shack restaurant with three sites in London, has withdrawn its mini-bond offer after receiving approaches from a variety of investors … view
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Wednesday 15th April 2015
Results for Peyton & Byrne, Tampopo, Proof Drinks stake sale
Peyton & Byrne reports £2.5m loss, British Growth Fund investment: Contract caterer and cafe operator Peyton & Byrne has reported a loss of £2,562,809 in the year to 30 March 2014 on turnover of £22,830,000. The company made a profit o … view
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Wednesday 15th April 2015
Propel Wednesday News Briefing
YO! Sushi and Carluccio’s to begin US expansion in coming weeks: YO! Sushi and Carluccio’s will embark on expansion in the US in the coming weeks. YO! Sushi, which operates 86 restaurants world-wide, is to open two sites under franchise in … view
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Tuesday 14th April 2015
Update: Results for TLC Inns, Draft House, Dorbiere
TLC Inns to explore investment options: TLC Inns, the award-winning pub and restaurant operator led by Steve and Jo Haslam, is to explore investment options to allow the company to double its Grand Central Bar and Grill operation. The com … view
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Tuesday 14th April 2015
CGA research reveals growing importance of cocktails in on-trade
CGA research reveals growing importance of cocktails in on-trade: High-alcohol cocktails are being replaced in drinkers’ affections by more indulgent drinks, elaborate combinations and lighter versions – although cocktails are increasingly … view
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Tuesday 14th April 2015
Update: NewRiver's Marston's portfolio, Enterprise, easyHotel
NewRiver Retail – Marston’s pub portfolio performing well: Property firm NewRiver Retail has reported that the 202 pubs it bought from Marston’s for £90m in November 2013 is performing well as it progresses plans to create convenie … view
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Tuesday 14th April 2015
Propel Tuesday News Briefing
Four in ten pubs in north west struggling to survive says insolvency group: Almost four in ten pubs in the north west of England – 37% – are considered at higher than normal risk of failure over the next 12 months, according to the insolve … view
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Monday 13th April 2015
Propel Monday News Briefing
Cambscuisine enters talks with investor, close to securing second Smokeworks site: Award-winning Cambridgeshire gastro-pub and restaurant operator Cambscuisine has entered talks with an investor as it seeks to expand the Smokeworks concep … view
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Friday 10th April 2015
Update: Wetherspoon, Stonegate, Prezzo and Punch
Wetherspoon applies a second time for Edinburgh Southside ‘super-pub’: JD Wetherspoon has submitted a new application to build a £1.5m "super pub" in Edinburgh Southside after an initial attempt was blocked by council planners. The plans … view
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Friday 10th April 2015
Byron Hamburgers reports £5.58m profit
Byron Hamburgers reports £5.58m profit: Better burger brand Byron, led by Tom Byng, has reported turnover grew 34.5% to £55,229,000 in the year to 29 June 2014 (2013: £41,052,000). Pre-tax profit rose to £5,589,000 from £4,430,000 th … view
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Friday 10th April 2015
Friday Opinion
Subjects: Carluccio’s craft beer menu, predictions for the future of the pub and restaurant sector, public health and the theatre of the absurd, and the challenge of Easter
 
Authors: Martyn Cornell, Ann Elliott, Paul Chase and Russell Ma … view
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Friday 10th April 2015
Majestic acquires Naked Wines in “transformational deal”
Majestic acquires Naked Wines in “transformational deal”: Majestic Wine is to acquire Naked Wines, a customer-funded international online wine business to create an international, multi-channel specialist win retailing group. The comp … view
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Friday 10th April 2015
Propel Friday News Briefing
Indian burrito brand Wrapchic eyes international growth: Wrapchic, the Indian burrito brand founded in 2012 by Mahesh Raikar, is eyeing international growth after opening a 12,000 square foot production centre and proving its franchise model a … view
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Thursday 9th April 2015
Propel Thursday News Briefing
Bed and Bars boss launches Live Your Life Day in memory of late wife Franca: Beds and Bars' chief executive, Keith Knowles, is to give his staff an extra day’s holiday, in an initiative called Live Your Life Day, in memory of his late wife F … view
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Wednesday 8th April 2015
Camden Town reduces valuation by £25m
Camden Town reduces valuation by £25m: Camden Town Brewery has reduced its eye-watering £75m valuation on crowdfunding platform Crowdcube to £50m after an unnamed set of investors began talks to buy a 20% stake for £10m. Previously, t … view
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Wednesday 8th April 2015
Luminar sees Easter sales rise by more than 20%
Luminar sees Easter sales rise by more than 20%: The Luminar Group, the UK’s largest nightclub operator, has unveiled a like-for-like sales increase over Easter of 21% across its 58-venue estate. Compared to Easter 2014, trading was up 29% i … view
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Wednesday 8th April 2015
Snoozebox reduces losses
Snoozebox reduces losses: Snoozebox Holdings has reported a reduction in losses on operating activities to £5.4m in the year ended 31 December 2014 compared to £9.3m in the prior year. There was a positive contribution to overheads of £0.5m … view
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Wednesday 8th April 2015
Propel Wednesday News Briefing
Nine out of ten diners want more frequent menu changes: The vast majority of diners – 86% – would like to see more frequent menu changes when they eat out, research by the guest experience management company HospitalityGEM has found. Two t … view
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Tuesday 7th April 2015
ETM Group to open 15th site, first late-night venue
ETM Group to open 15th site, first late-night venue: ETM Group, led by Ed and Tom Martin, has confirmed the opening of its 15th venue, and first late-night venture, on Wednesday 15 April located within the £20 million Broadgate Circle develop … view
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Tuesday 7th April 2015
NPD – demand for value/quality means brands edging out independents
NPD – demand for value/quality means brands edging out independents: Competition from value-for-money foodservice chains has left Britain’s independent operators with a much lower share of Britain’s eat-out traffic - down from 53% at the … view
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Tuesday 7th April 2015
Bulldog makes first acquisition after £4.5m investment
Bulldog makes first acquisition after £4.5m investment: Independent coaching inn operator the Bulldog Hotel Group has made its first acquisition in the wake of a £4.5m investment by the Business Growth Fund last week. It has acquired th … view
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Tuesday 7th April 2015
Propel Tuesday News Briefing
Starbucks commits $250m to graduating 25,000 employees in next ten years: Starbucks has announced that the Starbucks College Achievement Plan, first introduced in June 2014, will now offer 100% tuition coverage for every eligible US Star … view
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Thursday 2nd April 2015
Bella Italia to debut retail park site as five open
Bella Italia to debut retail park site as five open: Five new Bella Italia restaurants are set to open in just ten weeks, including two firsts for the revitalised chain. Its first retail park site will open in Bristol next week while Heme … view
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Thursday 2nd April 2015
BrewDog reports sixth year of record growth
BrewDog reports sixth year of record growth: Scottish brewer and retailer BrewDog has unveiled its sixth consecutive year of record growth, having increased its annual turnover by 64% to over £29.6 million in 2014, compared with £18 million … view
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Thursday 2nd April 2015
Giggling Squid hires advisor as its seeks investment
Giggling Squid hires advisor as its seeks investment: Thai brand Giggling Squid has hired Grant Thornton as its corporate advisor as it seeks investment. Founder Andy Laurillard said: “They have a great team, in a high quality field, wi … view
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Thursday 2nd April 2015
Update: Booker, Harvester and takeaways
Booker Group chairman to step down, like-for-likes up 1.7%: Wholesaler Booker Group has announced that Richard Rose, having served three terms of three years each, as chairman of Blueheath Holdings and then Booker Group, in accordance wit … view
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Thursday 2nd April 2015
Propel Thursday News Briefing
Star Pubs & Bars launches ground-breaking fixtures and fittings policy: New lessees taking on tied pubs with Star Pubs & Bars and existing lessees taking on new pubs with the company will see their ingoing costs slashed by 60% to 70% after the … view
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Wednesday 1st April 2015
Vini Italiani launches crowdfunding
Vini Italiani launches crowdfunding: Vini Italiani, the award-winning Italian wine bar and wine merchant, has launched a crowdfunding campaign on Seedrs, looking to raise £250,000 in return for 11.63% of its equity – so far, £50,060 h … view
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Wednesday 1st April 2015
Loungers on track for 100, Keith Knowles
Loungers – we’re on track for 100 sites by end of 2016: Loungers, the Bristol-based café/bar operator founded by Alex Reilley and Jake Bishop, is ‘very much on track’ to reach 100 sites by the end of 2016 as it opens its 60th sit … view
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Wednesday 1st April 2015
Propel Wednesday News Briefing
Thwaites to invest £25m from Marston's deal in buying new pubs: The £25m that the Blackburn-based operator Daniel Thwaites is getting for selling its beer trading operations and the Wainwrights Golden Ale and Lancaster Bomber beer bran … view
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