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Saturday 31st October 2015
Isfield Investments backs buy-out of Kornicis
Isfield Investments backs buy-out of Kornicis: Kornicis Group, owner of Jamies and Smollensky’s branded bars and restaurants, has been sold by NBGI Private Equity to a new management team led by Richard Stringer and Ian Banks and backed by I … view
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Friday 30th October 2015
Update: Soaring London rents, Burger King, YO! Sushi, BrewDog, MPW et al
Jamie Rollo charts changing market capitalisations of sector’s biggest companies: Morgan Stanley leisure analyst Jamie Rollo has produced a chart showing the changing fortunes of the sector’s biggest companies since 2010 in terms of their … view
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Friday 30th October 2015
Friday Opinion
Subjects: The power of positivity, the untapped coffee market and the age of unreason
Authors: Philip Kolvin, Glynn Davis and Paul Chase

The power of positivity by Philip Kolvin

Let me ask … view
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Friday 30th October 2015
Propel Friday News Briefing
CGA – food and a quest for ‘experiences’ have become key elements of a big night out: Food has become a bigger part of a big night out, not least because restaurants have become better at keeping customers longer, CGA chief executive Phi … view
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Thursday 29th October 2015
London Union launches £3.5m crowdfund to create world’s greatest food market
London Union launches £3.5m crowdfund to create world’s greatest food market: London Union, parent company of the highly successful Street Feast, lhas launched one of the biggest crowdfunding bids in history, looking to raise £3.5m to buil … view
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Thursday 29th October 2015
Paul adopts National Living Wage early
Paul adopts National Living Wage early: In advance of the introduction of the mandatory National Living Wage next April, the 34-strong French bakery and café brand Paul has announced it will increase the starting hourly rate to £7.20 per hou … view
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Thursday 29th October 2015
Propel Thursday News Briefing
Deltic Group boss – we’re achieving two-year payback on investments: Deltic Group chief executive Peter Marks has reported the company is achieving payback on its investments in two years. The company, which operates 58 nightclubs, will lo … view
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Wednesday 28th October 2015
Leon secures £11.5m funding package from HSBC
Leon secures £11.5m funding package from HSBC: Healthy food brand Leon has secured a funding package worth £11.5m from new banking partner HSBC. The facility will fund Leon’s plans to expand both nationally and internationally and restruct … view
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Wednesday 28th October 2015
Better Capital invests further £3.1m in Intertain
Better Capital invests further £3.1m in Intertain: Private equity firm Better Capital, led by Jon Moulton, has invested a further £3.1m in Walkabout operator Intertain after strong investment returns. The company’s latest accounts state: … view
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Wednesday 28th October 2015
C&C Group reviews acquisition opportunities as revenues slip
C&C Group reviews acquisition opportunities as revenues slip: Drinks producer C&C Group has reported it is reviewing acquisition opportunities a the brewing landscape evolves – revenues down by 2.6% to €58.6m in the six months to 31 A … view
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Wednesday 28th October 2015
Propel Wednesday News Briefing
Greene King Leisure Spend Tracker – Rugby World Cup believed to contribute to fall of eating and drinking out in September: The Rugby World Cup is believed to have contributed to the fall in eating and drinking out in September, according to … view
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Tuesday 27th October 2015
Deltic Group boss joins ALMR board
Deltic Group boss joins ALMR board: The Association of Licensed Multiple Retailers (ALMR) has cemented its status as the UK’s preeminent representative for the late-night sector with the unveiling of a new board appointment reflecting its co … view
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Tuesday 27th October 2015
Propel Tuesday News Briefing
Whitbread secures 1,100 more bedrooms, five pub restaurant sites: Whitbread has secured 1,100 more Premier Inn bedrooms on sites across the UK as it builds towards its milestone target of 85,000 bedrooms by 2020. The sites range from Caterham … view
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Monday 26th October 2015
Meantime to vacate Old Brewery restaurant and micro-brewery
Meantime to vacate Old Brewery restaurant and micro-brewery: Meantime Brewing Company, which is now owned by SABMiller, is to vacate The Old Brewery restaurant and micro-brewery in the Greenwich Old Naval College to bring its innovation-focuse … view
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Monday 26th October 2015
Chilango returns to Crowdcube with £1m raise, eyes 50 sites
Chilango returns to Crowdcube with £1m raise, eyes 50 sites: Mexican brand Chilango has returned to crowdfunding platform Crowdcube to raise £1m – the company previously raised £2m through a mini-bond. The company is now offering 3.26% of … view
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Monday 26th October 2015
Propel Monday News Briefing
Kout Food Group nears break-even in the UK on sales of £110m, plans to revitalise Little Chef: Chairwoman of Kuwait-based Kout Food Group (KFG) Fadwa Al-Homaizi, whose company operates six brands in the UK, has reported that its UK busin … view
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Friday 23rd October 2015
Update: City Pub Company, Antic, BrewDog, Foxlow, McDonald's, Vapiano
City Pub Company doubles up in Bristol: City Pub Company has doubled its presence in Bristol after securing a new site in the city. The company has secured the lease on Riverside House, situated on the junction of Welsh Back and King Street, i … view
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Friday 23rd October 2015
Friday Opinion
Subjects: Greene King and MRO, JD Wetherspoon’s return to Muswell Hill, the magical new Grand Central Station and loyalty, the old-fashioned way
Authors: Jamie Rollo, Glynn Davis, Ann Elliott and Victoria Searl

Greene K … view

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Friday 23rd October 2015
Draco Pub Company seals £4m refinance
Draco Pub Company seals £4m refinance: The Somerset-based Draco Pub Company has announced the completion of a new £4m fund-raising deal heralding the start of ambitious expansion plans for the pub group. This will begin with a fourth propert … view
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Friday 23rd October 2015
Propel Friday News Briefing
Debenhams – we’ve signed deals with six foodservice brands after identifying one million square feet of under-used space: Debenhams has reported it has signed deals with six different foodservice brands after identifying one million square … view
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Thursday 22nd October 2015
McDonald’s reports like-for-likes rose around the world in third quarter
McDonald’s reports like-for-likes rose around the world in third quarter: McDonald’s has reported a return to global like-for-like sales growth in its third quarter ended September 30, 2015. Overall like-for-likes were up 4% with like-for- … view
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Thursday 22nd October 2015
BrewDog unveils bar openings and ideas for 2016
BrewDog unveils bar openings and ideas for 2016: Scottish brewer and retailer BrewDog has unveiled its plans for 2016 with a pipeline of new bars and improvements to its beer and food offering. The company stated: “Where are we at with some … view
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Thursday 22nd October 2015
Propel Thursday News Briefing
ALMR – legislation on tipping not necessary: Rules on tipping need updating and strengthening, with the emphasis on clarity and transparency, but new legislation is not necessary to deliver best and fair practice. That’s the conclusions fr … view
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Wednesday 21st October 2015
Grand Union to launch new concept, Tortilla boosts team
Grand Union secures new site, unveils new experiential concept: Grand Union, the London bar group led by Adam Marshall and backed by Luke Johnson, has secured a new site where it will launch a new ‘experiential’ concept. The company … view
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Wednesday 21st October 2015
Jamie Oliver divests subsidiary interests, takes £10m dividend
Jamie Oliver divests and closes Jamie Oliver Holdings subsidiary businesses to focus on media and licensing as turnover nears £40m: Chef Jamie Oliver has taken a £10m “property dividend” as turnover in his Jamie Oliver Holdings vehicle r … view
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Wednesday 21st October 2015
BHA calls for compulsory disclosure on tips distribution
BHA calls for compulsory disclosure on tips distribution: Restaurants and hotels should be legally required to tell customers how service charges and tips are distributed among staff. That’s the message from the British Hospitality Associati … view
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Wednesday 21st October 2015
Chapel Down to raise crowdfund cash to build brewery
Chapel Down to raise crowdfund cash to build brewery: Chapel Down’s beer and cider business, Curious Drinks, has launched a Seedrs equity crowdfunding campaign and share placing to raise at least £1m to expand its beer business Curious … view
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Wednesday 21st October 2015
Propel Wednesday News Briefing
Andy Harrison – Costa pulling away from the competition because of its customer experience and value for money: Whitbread chief executive Andy Harrison has said Costa is continuing to pull away from the competition because it offers great cu … view
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Tuesday 20th October 2015
Tim Martin criticises Jamie Oliver's sugar tax
Tim Martin criticises Jamie Oliver’s sugar tax: JD Wetherspoon founder and chairman Tim Martin has criticised Jamie Oliver’s campaign for higher taxes on soft drinks. Oliver has introduced a 10p tax on fizzy or sugary drinks in his restaur … view
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Tuesday 20th October 2015
Whitbread plans 220 new Costa stores this year
Whitbread plans 220 new Costa stores this year: Whitbread has reported it is planning to open 220 new Costa Coffee sites this year as the company achieved like-for-like sales growth of 3.6% in the six month to 27 August. Premier Inns like-for- … view
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Tuesday 20th October 2015
Propel Tuesday News Briefing
Benugo set for first department store opening with John Lewis: Benugo is set to open its first site within a department store, opening Benugo Cafe at John Lewis tomorrow (Wednesday, 21 October). It will be located on the second floor of the Ox … view
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Monday 19th October 2015
Propel Monday News Briefing
Charles Wells to grow managed estate to 25 sites in next five years: Bedford-based brewer and retailer Charles Wells has told Propel it plans to grow its managed estate to 25 sites in the next five years. The company, which only began ope … view
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Friday 16th October 2015
Update: Cote, Turtle Bay, The Restaurant Group, Soho House, Thwaites et al
Cote to scrap service charge policy and bring in new pay system: Cote is to scrap its policy of taking service charges added to bills and bring in a new pay system. The company has changed its policy following an internal review, including a s … view
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Friday 16th October 2015
Friday Opinion
Subjects: Business rates, the beer market and the sugar tax
Authors: Nigel Ball, Glynn Davies and Paul Chase

Business rates are in flux, but George Osborne’s ‘devolution revolution’ may not be all that it seems by Ni … view

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Friday 16th October 2015
Update: M&B, Revolution, BrewDog
Mitchells & Butlers integration of Orchid Group now complete: The integration of the Orchid Group into the Mitchells & Butlers’ estate is now complete, the company has announced. Mitchells & Butlers purchased 173 pubs from Orchid in June 201 … view
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Friday 16th October 2015
Propel Friday News Briefing
Takeaway sales forecast to hit nearly £8bn a year with smartphone boost: Britain will spend almost £8bn a year on takeaways by the end of the decade with the surge in smartphone usage. Expenditure on takeaway food such as pizza, curry a … view
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Thursday 15th October 2015
Results: McDonald’s, Papa Johns and Five Guys
McDonald’s reports turnover increase of £67.5m: McDonald’s has reported turnover increased by £67.5m to £1.43bn in the year to 31 December 2014, compared to £1.36bn the year before. Pre-tax profit fell to 225,428,000, compared to … view
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Thursday 15th October 2015
Prezzo to open 11 new sites by end of year
Prezzo to open 11 new sites by end of year: Restaurant company Prezzo has announced it will open 11 new sites by the end of the year. The restaurants will be in Farnborough, Blackpool, Wickford, Staines, Newport, Redditch, Yate, Bridgnorth, Ab … view
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Thursday 15th October 2015
Propel Thursday News Briefing
Pub and restaurant like-for-likes up 1.2% in September: Britain’s managed pub and restaurant sector is seeing steady, if unspectacular, sales growth in 2015, reflected in the latest trading data for September. Collective like-for-like sales … view
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Wednesday 14th October 2015
All Star Leisure boosted by retrieval of misappropriated cash
All Star Leisure boosted by retrieval of misappropriated cash: The bowling alley operator All Star Leisure has reported a return to pre-tax profit in the year ending 28 December 2014, boosted be the retrieval of some of the cash that was misap … view
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Wednesday 14th October 2015
Piper – room in the market for new lunch brands, Pret favourite option for Londoners
Piper – room in the market for new lunch brands, Pret favourite option for Londoners: There is room in the market for new lunch-focused brands, especially those offering healthy food, according to new research. A study by private equity comp … view
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Wednesday 14th October 2015
Results: Domino’s and Marston’s
Domino’s reports 14.9% like-for-like growth in Third Quarter: Domino’s Pizza has reported 14.9% like-for-like sales growth in the UK in 13 weeks to 27 September, with total sales of £200m. Year-to-date, the company has seen 11.8% lik … view
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Wednesday 14th October 2015
Propel Wednesday News Briefing
Le Pain Quotidien founder – London rents are among most uncompetitive in the world: The founder of Le Pain Quotidien Alain Coumont has said London rents are among the most uncompetitive in the world. Belgian food entrepreneur Coumont f … view
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Tuesday 13th October 2015
Results: Dirty Burger, Pizza East, Soho House and Hard Rock UK
Soho House sold 50% stake in restaurants division for less than £16.5m: Soho House sold a 50% stake in its restaurant division for less than £16.5m after debt is taken into account, Companies House accounts for the company indicate. The … view
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Tuesday 13th October 2015
AB InBev and SABMiller agree deal in principle
AB InBev and SABMiller agree deal in principle: The boards of AB InBev and SABMiller have reached agreement in principle on the key terms of a possible recommended offer to be made by AB InBev for the entire issued and to be issued share capit … view
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Tuesday 13th October 2015
Propel Tuesday News Briefing
City Pub Company names key towns and cities it plans to target: The City Pub Company has named key towns and cities it will look to target as part of plans to build a 30-strong portfolio by the end of 2017. The company, which was formed i … view
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Monday 12th October 2015
Propel Monday News Briefing
PizzaExpress to opens Reys rotisserie chicken concept this Wednesday with takeaway offer: PizzaExpress is to open its eagerly-awaited rotisserie chicken concept in Cambridge, Reys, on Wednesday (14 October) with a takeaway offer. It speci … view
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Saturday 10th October 2015
Itsu secures £40m of funding from HSBC
Itsu secures £40m of funding from HSBC: Itsu, the healthy Asian food chain created by Pret A Manger co-founder Julian Metcalfe, has secured £40m of funding from HSBC to drive ambitious expansion plans. The company reported that the last … view
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Friday 9th October 2015
Update: Jamie’s Italian, Greene King, Zizzi, Shake Shack, Fuller’s
Crowd-funded Delivery Cube launches offering restaurants access to a pool of drivers: Delivery Cube, a new venture that gives restaurants access to a fleet of fully trained drivers whenever they need them, has launched. A number of restau … view
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Friday 9th October 2015
Friday Opinion
Subjects: The keys to reviving a foodservice brand, a country-wide love affair with food and highs and lows in foodservice
Authors: Chris Edger and Tony Hughes, Glynn Davis and Ann Elliott

Our keys … view

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Friday 9th October 2015
Propel Friday News Briefing
Giggling Squid negotiating on three new sites in Surrey ahead of Esher opening next month, plans headquarters in Guildford:Thai-brand Giggling Squid is negotiating on three new sites in Surrey as it prepares to open its third venue in the … view
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Thursday 8th October 2015
Horizons – the price of eating at pubs and restaurants gone down
Horizons – the price of eating at pubs and restaurants gone down: Competition in the eating out sector is pushing the price of some dishes down in many high street pubs, restaurants and hotels, although operators are compensating by introduc … view
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Thursday 8th October 2015
Enterprise lines up five sites for Rupert Clevely joint venture
Enterprise lines up five sites for Rupert Clevely joint venture: Enterprise Inns and Rupert Clevely have launched Hippo Inns with the opening of the joint-venture’s first managed pub – and have lined up four more sites. Hippo is the first … view
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Thursday 8th October 2015
Propel Thursday News Briefing
Star Pubs & Bars invests £3.7m in Newcastle area, plans first co-investment with Leamside Ale Company: Star Pubs & Bars is on track to invest £3.7m in 20 major refurbishments in Newcastle and the surrounding area by the end of 2015. Th … view
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Wednesday 7th October 2015
Coaching Inn makes £5m Yorkshire double acquisition
£5 million deal sees double Yorkshire acquisition for Coaching Inn Group: The Coaching Inn Group has announced a £5m double acquisition as the fast-expanding independent coaching inn specialist continues its £20m expansion programme. The of … view
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Wednesday 7th October 2015
Black Sheep Brewery cuts losses in ‘bewildering’ beer market
Black Sheep Brewery cuts losses in ‘bewildering’ beer market: Yorkshire brewer Black Sheep, founded by Paul Theakston, has reduced losses as it battles to compete in a beer market that has ‘changed beyond recognition in four years’. Th … view
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Wednesday 7th October 2015
New brewpub venture Hot Copper Pub Company buys two freeholds
New brewpub venture Hot Copper Pub Company buys two freeholds: A new venture, Hot Copper Pub Company, funded by Puma Investments, which will franchise brewpub chain Brewhouse and Kitchen’s operating format, has made its first two acquisition … view
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Wednesday 7th October 2015
Anheuser-Busch InBev tables new offer for SABMiller
Anheuser-Busch InBev tables new offer for SABMiller: Anheuser-Busch InBev has unveiled a revised proposal to the board of SABMiller to combine the two companies and build the’ first truly global beer company’. The revised proposal tha … view
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Wednesday 7th October 2015
Propel Wednesday News Briefing
Greggs – National Living Wage will put pressure on us to increase prices: Baker Greggs has warned the new National Living Wage will put pressure on the group to raise the prices of its pasties and sausage rolls. Greggs currently pays its sho … view
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Tuesday 6th October 2015
CGA Peach unveils Hero Awards shortlist
CGA Peach unveils Hero Awards shortlist: CGA Peach has unveiled the shortlists for its 2015 Hero Awards, honouring dozens of outstanding operators across the out of home eating and drinking markets. The shortlists feature no fewer than 62 diff … view
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Tuesday 6th October 2015
Update: Greggs LfLs up 4.9%, Domino’s, Marston’s
Greggs reports 4.9% like-for-likes, extends franchise deal with Euro Garages: Bakery chain Greggs has reported 4.9% like-for-like growth in its Third Quarter to 3 October, with total sales growth of 5%. It has opened 65 new shops in the y … view
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Tuesday 6th October 2015
Propel Tuesday News Briefing
ALMR – business rates devolution may cost high street businesses, Tim Martin fears ‘patchwork quilt’ outcome: The Association of Licensed Multiple Retailers (ALMR) has warned the government’s proposed devolution of business rates power … view
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Monday 5th October 2015
Gordon Ramsay Group reports Ebitda growth of 39.2%
Gordon Ramsay Group reports Ebitda growth of 39.2%: Gordon Ramsay Group has reported total sales increased 12.6% to £50.3m in the year to 31 August 2015. Sales in UK restaurants increased by 12.0% to £46.8m with like-for-like restaurant sale … view
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Monday 5th October 2015
Osborne – let local authorities set business rates
Osborne – let local authorities set business rates: Chancellor George Osborne has stated that he will allow councils to set their own business rates and keep all the money they raise in “the biggest transfer of power to our local governmen … view
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Monday 5th October 2015
JDW to return to Muswell Hill with £3m investment
JDW to return to Muswell Hill with £3m investment: JD Wetherspoon is to open a new pub in Muswell Hill, where the company was founded by chairman Tim Martin, next Tuesday (13 October), with the creation of 40 new jobs. The company has spent j … view
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Monday 5th October 2015
Propel Monday News Briefing
Welcome Break – branded food and coffee have transformed our performance, now it’s time for a full-service branded restaurant: Welcome Break chief executive Rod McKie has hailed the transformational effect of branded food and coffee o … view
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Friday 2nd October 2015
Update: Rick Stein's £1m profit, Gordon Ramsay, Turtle Bay, Dishoom and more
Rick Stein’s restaurant company reports profit before tax passes £1m mark, agrees new £4m facility: Rick Stein’s restaurant business, The Seafood Restaurant (Padstow) has reported turnover increased by 1.5% to £15,292,000 in the year en … view
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Friday 2nd October 2015
Friday Opinion
Subjects: Reviving a brand, better wine dispense and doing something for the sake of it
Authors: Chris Edger and Tony Hughes, Glynn Davies and Paul Chase

How to revive a brand by Chris Edger and Tony Hughes

Foodservice … view
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Friday 2nd October 2015
Propel Friday News Briefing
Enterprise Inns launches segmentation strategy for its 5,200 pubs: Enterprise Inns has launched an pub segmentation initiative at two conferences at the NEC, Birmingham. More than 250 of its operations team and over 200 suppliers attended … view
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Thursday 1st October 2015
Steve Richards - we aim to grow three brands to 600 sites
Steve Richards – Bella Italia, Las Iguanas and Café Rouge can grow to 600 sites: Steve Richards has set out ambitious growth plans for Casual Dining Group which he believes can expand its Bella Italia, Las Iguanas and Café Rouge concepts t … view
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Thursday 1st October 2015
BrewDog passes £10m crowdfunding mark
BrewDog passes £10m crowdfunding mark: Scottish brewer and retailer BrewDog has raised more than £10m with its Equity for Punks IV fundraising – a ground-breaking figure for equity crowdfunding. According to MarketWatch, the previous high … view
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Thursday 1st October 2015
New Moon to launch pizzetteria concept
New Moon Pub Company to launch New York-influenced bar and pizzetteria concept in first venture with Star Pubs & Bars: New Moon Pub Company is to launch a New York-influenced bar and pizzetteria concept in its first venture with Star Pubs & Ba … view
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Thursday 1st October 2015
Propel Thursday News Briefing
Luke Johnson – I want to turn Eclectic into one of the leading players in the late-night market: Sector investor Luke Johnson has set out his ambitions for Eclectic Bar Group, the operator of 19 premium bars that he now chairs after a £1.5m … view
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