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Friday 29th July 2016
City Pub Company secures new £20m facility to fund expansion
City Pub Company secures new £20m facility to fund expansion: Independent pub operators the City Pub Company has secured a new and improved £20m banking facility to fund its expansion plans. The company, founded by Clive Watson, current … view
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Friday 29th July 2016
Friday Opinion
Subjects: To grasp Brexit opportunity the leisure sector must focus on 2017 rents and rates double whammy, the perfect pint, and media-driven moral panics
Authors: Nigel Ball, Glynn Davis, and Paul Chase

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Friday 29th July 2016
Propel Friday News Briefing
Numis – Domino’s Pizza just keeps on delivering: Numis Securities leisure analyst Richard Stuber has said Domino’s Pizza just “keeps on delivering”. Retaining a ‘Buy’ rating on the shares with a target price of 446p followin … view
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Thursday 28th July 2016
Two Red Hot World Buffet sites are closed by administrator
Two Red Hot World Buffet sites are closed by administrator: Two restaurants operated by Red Hot World Buffet, the all-you-can-eat restaurant chain owned by Luke Johnson’s Risk Capital, have been closed following the appointment of admin … view
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Thursday 28th July 2016
Update: Simon Dodd joins Fuller’s board, Domino’s, Cineworld, Just Eat
Simon Dodd to join Fuller’s board as managing director of Fuller’s Beer Company: Fuller’s has appointed Simon Dodd to the position of managing director of The Fuller’s Beer Company with effect from 1 August 2016. Simon Dodd will j … view
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Thursday 28th July 2016
Propel Thursday News Briefing
BBPA – buoyant British beer like-for-like sales up 31 million pints in second quarter: Buoyant British beer sales in the second quarter highlight further signs of reversing a long period of decline, with like-for-like sales up 1.5%, ac … view
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Wednesday 27th July 2016
BBPA – buoyant British beer like-for-like sales up 31 million pints in second quarter
BBPA – buoyant British beer like-for-like sales up 31 million pints in second quarter: Buoyant British beer sales in the second quarter highlight further signs of reversing a long period of decline, with like-for-like sales up 1.5%, accordin … view
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Wednesday 27th July 2016
Update: Marston’s, Mitchells & Butlers and Easyhotel
Marston’s – Brexit has had no discernible effect on trading: Marston’s has issued a trading update that reports ‘progress in line with our expectations’ and that Brexit has had no discernible effect on trading. It stated: “In … view
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Wednesday 27th July 2016
Propel Wednesday News Briefing
Starbucks launches retail division, Schultz devolves duties: Starbucks has launched a new retail group – Siren Retail – with chief executive Howard Schultz stepping away from certain duties to focus on growing the company’s higher-e … view
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Tuesday 26th July 2016
McDonald’s reports 3.1% increase in global like-for-likes
McDonald’s reports 3.1% increase in global like-for-likes: McDonald’s has reported a 3.1% increase in global like-for-like sales for its second quarter ended 30 June 2016. Chief executive Steve Easterbrook said: “At McDonald’s, we … view
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Tuesday 26th July 2016
Update: Time Out Group, Fever-Tree, Easyhotel and Richoux Group
Time Out Group reports 106% sales growth at food market division: Time Out Group, the multi-platform media and e-commerce business that plans to develop food and cultural markets around the world, has reported a 106% increase in sales at … view
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Tuesday 26th July 2016
Propel Tuesday News Briefing
Luke Johnson – operators confident to expand in wake of Brexit will have more opportunities available: Sector investor Luke Johnson has criticised negative thinking in the wake of the Brexit vote. Responding to comments by Leon founder … view
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Monday 25th July 2016
Living Ventures co-founder Danny Fox to launch £1m ‘wood-fired’ restaurant concept
Living Ventures co-founder Danny Fox to launch £1m ‘wood-fired’ restaurant concept: Living Ventures co-founder and former Individual Restaurant Company operations director Danny Fox is to launch a new £1m “wood-fired” restaurant … view
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Monday 25th July 2016
Update: Rank, Star Pubs & Bars, Fatto a Mano, Marechale
888 Holdings and Rank consider bid for William Hill: 888 Holdings and The Rank Group (The Consortium) have confirmed they are partnering to evaluate a possible offer for William Hill. The two possible bidding partners stated: “The Cons … view
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Monday 25th July 2016
Propel Monday News Briefing
CGA – restaurant and bar operators overwhelmingly pessimistic following Brexit, Leon reports business down 3% and looking at more overseas investment: Owners of restaurants and bars are overwhelmingly pessimistic following the European … view
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Friday 22nd July 2016
Friday Opinion
Subjects: ‘What happens in Vegas’ is influenced by Brits, asking the right questions of the right people in the right places, and getting to grips with the foodservice home delivery market
Authors: James Hacon, David Mart … view
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Friday 22nd July 2016
Starbucks reports like-for-likes up 4% in record quarter three
Starbucks reports like-for-likes up 4% in record quarter three: Coffee company Starbucks has reported global like-for-likes up 4%, for its 13-week third quarter ended June 26, 2016. The company saw like-for-likes rise 4% in the US, a 3% i … view
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Friday 22nd July 2016
Propel Friday News Briefing
Wagamama adds 22.9% to like-for-likes in two years after site managers set sales targets: Wagamama has posted a 22.9% increase in like-for-like sales in two years after asking site managers to set budgets. The company saw 13.1% added to l … view
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Thursday 21st July 2016
Gorgeous Pubs buys Highgate venue from London Brewing Company, plans further acquisitions
Gorgeous Pubs buys Highgate venue from London Brewing Company, plans further acquisitions: Gorgeous Pubs, led by former Geronimo Inns employee Rob Laub, has bought The Bull in Highgate, north London, from London Brewing Company for an undisclo … view
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Thursday 21st July 2016
Update: Fuller's, Britvic, AB InBev
Fuller’s reports 2.1% rise in managed like-for-likes: Brewer and retailer Fuller’s has reported a ‘solid start to the new financial year in a more challenging environment’, with like for like sales in managed pubs and hotels risin … view
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Thursday 21st July 2016
Propel Thursday News Briefing
Caprice Holdings owner Richard Caring vows to protect foreign staff rights after Brexit vote: Caprice Holdings owner Richard Caring has told foreign members of staff he will fight “tooth and nail” to protect their rights following the … view
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Wednesday 20th July 2016
Starbucks opens first express store outside North America with London launch
Starbucks opens first express store outside North America with London launch: Starbucks has opened its first express store outside North America after launching the format in Canary Wharf in London. Featuring an open layout, the new store … view
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Wednesday 20th July 2016
Greene King Leisure Spend Tracker reveals UK consumers’ summer spending habits
Greene King Leisure Spend Tracker reveals UK consumers’ summer spending habits: The latest Greene King Leisure Spend Tracker has found that British consumers have specific eating and drinking preferences during the summer months. Just o … view
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Wednesday 20th July 2016
Revolution reports like-for-likes up 2.3% in full year
Revolution reports like-for-likes up 2.3% in full year: Revolution Bars Group, the operator of 62 premium bars, trading under the Revolution and Revolución de Cuba brands, has reported sales increased by £7.7m (+6.9%) to £119.5m (2015: … view
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Wednesday 20th July 2016
Propel Wednesday News Briefing
Coffer Peach Tracker – overall like-for-likes up 1.8% on June 2015, pub chains helped by TV football, outperformed casual dining: Britain’s managed pub and restaurant groups saw collective like-for-like sales up 1.8% in June against t … view
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Wednesday 20th July 2016
Coffer Peach Tracker – pub and restaurant like-for-likes up 1.8%, Harry Ramsden's to open £2.5m Blackpool Tower site
Coffer Peach Tracker – overall like-for-likes up 1.8% on June 2015, pub chains helped by TV football, outperformed casual dining: Britain’s managed pub and restaurant groups saw collective like-for-like sales up 1.8% in June against t … view
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Tuesday 19th July 2016
Research reveals realities of NLW impact for UK hospitality industry
Research reveals realities of NLW impact for UK hospitality industry: The realities of the National Living Wage (NLW) impact have been laid bare by Fourth, software partner to the hospitality and leisure industries. Data collated through Fourt … view
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Tuesday 19th July 2016
Update: SSP Third Quarter results, Domino’s Poland
SSP reports sales up 3% on like-for-like basis in Third Quarter: UK-based transport hub foodservice specialist SSP Group has reported total group revenues for the period from 1 April 2016 to 30 June 2016 increased by 4.8%, with like-for-l … view
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Tuesday 19th July 2016
Propel Tuesday News Briefing
Enterprise Inns and Marylebone Leisure launch Marmalade Pub Company: Enterprise Inns, the largest pub owner in the UK, has teamed up with The Marylebone Leisure Group to launch Marmalade Pub Company. The new venture will be Enterprise’s … view
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Tuesday 19th July 2016
Enterprise Inns and Marylebone Leisure launch Marmalade Pub Company
Enterprise Inns and Marylebone Leisure launch Marmalade Pub Company: Enterprise Inns, the largest pub owner in the UK, has teamed up with The Marylebone Leisure Group to launch Marmalade Pub Company. The new venture will be Enterprise’s fift … view
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Monday 18th July 2016
Crowdcube hits £5m crowdfunding target four hours after launching to registered investors
Crowdcube hits £5m crowdfunding target four hours after launching to registered investors: Crowdcube has hit its £5m target on its own crowdfunding platform just four hours after launching to registered investors at midday today (Monday, 18 … view
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Monday 18th July 2016
Propel Monday News Briefing
StreetDots and Land Securities to launch new street food project in Glasgow: Land Securities and street-trading platform StreetDots will launch a new street-food project in Glasgow’s Buchanan Galleries shopping centre in early August. T … view
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Friday 15th July 2016
SBPA launches new voluntary code for tied pubs in Scotland
SBPA launches new voluntary code for tied pubs in Scotland: The Scottish Beer and Pub Association (SBPA) has today welcomed a new Code of Practice for tied tenants in Scotland, enshrining protections for pubs across the country, which will com … view
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Friday 15th July 2016
Meatcure cancels crowdfunding blaming Brexit uncertainty in part

Meatcure cancels crowdfunding blaming Brexit uncertainty in part: Meatcure has postponed its Seedrs crowdfu … view

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Friday 15th July 2016
Friday Opinion
Subjects: Food markets, balancing the picture and flaming June
Authors: Glynn Davis, Paul Chase and Ann Elliott

The dynamic world of food markets by Glynn Davis

There’s definitely someth … view
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Friday 15th July 2016
Laine Pub Company to open new state-of-the-art brewery
Laine Pub Company to open new state-of-the-art brewery: The Laine Pub Company, which operates four microbreweries amongst its 48 strong London and Brighton pub estate and is backed by Luke Johnson, is set to upscale its craft brewing capabilit … view
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Friday 15th July 2016
Penta Capital buys majority stake in Seafood Pub Company
Penta Capital buys into the Seafood Pub Company to fund next phase of growth: Penta Capital has acquired a majority stake in Seafood Pub Company to further expand the company’s multi award-winning portfolio of gastro-pubs in the north west. … view
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Friday 15th July 2016
Propel Friday News Briefing
‘Volatile’ Irish commercial property market is slowing JD Wetherspoon growth: JD Wetherspoon chairman Tim Martin said “volatile” commercial property prices were putting the brakes on the company’s growth plans in Ireland. Martin … view
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Thursday 14th July 2016
Punch trials fresh food delivery with Just Eat
Punch trials fresh food delivery with Just Eat: Punch is partnering with Just Eat to offer fresh food delivered to its customers. The collaboration between one of the UK’s biggest pub operators Punch and the world’s leading digital marketp … view
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Thursday 14th July 2016
Marston’s to expand two new premium brands
Marston’s to expand two new premium brands: Marston’s is to roll-out two new brands through its Revere premium division, The Lost & Found and new brand, Foundry Project. The group will be rolling out two sites for each brand before th … view
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Thursday 14th July 2016
Starbucks makes investment in Princi, Fulham Shore results
Starbucks makes investment in Princi: Starbucks has become global licensee and investor in the Italian restaurant Princi, the boutique bakery and cafe founded by Rocco Princi in 1986. Known for its artisan breads created from traditional … view
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Thursday 14th July 2016
Propel Thursday News Briefing
Piper Private Equity – opportunity for challenger brands remains undiminished by Brexit: Yasha Estraikh, an executive with private equity firm Piper Private Equity, backers of Be At One and Loungers, has argued that opportunities for sm … view
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Thursday 14th July 2016
CGA – global cocktail consumption highlights opportunity for British bars and suppliers
CGA – global cocktail consumption highlights opportunity for British bars and suppliers: The US has a higher cocktail consumption rate and more ingrained cocktail culture than Britain or France, presenting a great opportunity for British bar … view
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Wednesday 13th July 2016
CAMRA – pub closure rates have fallen to 21 a week
CAMRA – pub closure rates have fallen to 21 a week: The future is looking brighter for Britain’s pubs as figures published by the Campaign for Real Ale show that pub closure rates are slowing – with the net number of pubs closing per wee … view
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Wednesday 13th July 2016
Propel undergoes management buy-out
Propel undergoes management buy-out: Propel Info has undergone a management buy-out with co-founders Paul and Jo Charity taking 100% ownership of the business. Exiting shareholders earned circa 4x their original investment. Paul Charity said: … view
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Wednesday 13th July 2016
Wetherspoon – despite Brexit, trade has strengthened in recent weeks
Wetherspoon – despite Brexit, trade has strengthened in recent weeks: JD Wetherspoon has reported that sales have strengthened in recent weeks despite doom-laden warnings over Brexit. For the 11 weeks to 10 July 2016 like-for-like sales incr … view
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Wednesday 13th July 2016
Propel Wednesday News Briefing
Questions raised over end of Manchester city centre ‘restaurant boom’ after spate of closures: Three Manchester city centre restaurants – Burger & Lobster, Violet Hospitality-owned Urban Cookhouse and blues and bourbon concept Bourb … view
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Tuesday 12th July 2016
Update: Hotel Chocolat and NewRiver Retail
Hotel Chocolat reports sales up 12% to £92.6m: Hotel Chocolat Group has reported sales of £92.6m for the full year to 26 June, an increase of 12% compared to the prior year, slightly ahead of market expectations. The group’s digital r … view
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Tuesday 12th July 2016
Propel Tuesday News Briefing
Peach Pub Company issues invite to smaller companies to share its central headquarters and support function: Peach Pub Company co-founder Hamish Stoddart has issued a unique invite to smaller companies to share the firm’s central suppor … view
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Monday 11th July 2016
Propel Monday News Briefing
Operators advised to get up to speed to capture millennial market: Operators need to get up to speed and get mobile if they want to capture the millennial market, according to new research. The findings, by hospitality management solution … view
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Sunday 10th July 2016
Greene King puts 90 pubs up for sale, Fever-Tree considers move to main stock market
Greene King puts 90 pubs up for sale: Brewer and retailer Greene King has put 90 of its pubs up for sale. The company is hoping to raise as much as £30m from the sites, most of which are tenanted. It is part of a move towards managed pub … view
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Friday 8th July 2016
Friday Opinion
Subjects: The emergence of the taproom, developing female entrepreneurs, and the future of digital is boutique
Authors: Glynn Davis, Ann Elliott, and Georgia Hall

The emergence of the taproom by Gl … view

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Friday 8th July 2016
Chameleon Bar & Dining appoints Charnwood boss as new managing director
Chameleon Bar & Dining appoints Charnwood boss as new managing director: Chameleon Bar & Dining has appointed Marc Craddock as its new managing director. Craddock, who was managing director of Charnwood Pub Company, has joined Chameleon B … view
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Friday 8th July 2016
Propel Friday News Briefing
Gastro Taverns opens seventh pub in partnership with Enterprise Inns, targets 15-strong estate: North Wales-based pub operator Gastro Taverns has opened its seventh site in partnership with Enterprise Inns – The Moreton Inn, Wrexham. Th … view
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Thursday 7th July 2016
Camerons acquires Leeds Brewery pub estate
Camerons acquires Leeds Brewery pub estate: Brewer and retailer Camerons has acquired Leeds Brewery’s pub estate. Camerons will acquire all seven Leeds Brewery pubs, including the Lamb & Flag and The Midnight Bell in Leeds, and the Duke of Y … view
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Thursday 7th July 2016
Whitbread sells hub by Premier Inn hotel in King's Cross for £84.5m, C&C trading update
Whitbread sells hub by Premier Inn site in King’s Cross for £84.5m: Whitbread has sold its hub by Premier Inn hotel in Kings Cross, London, to Legal & General for £84.5m as part of a sale and leaseback process. Whitbread has exchanged … view
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Thursday 7th July 2016
Propel Thursday News Briefing
Liberation Group boss – ‘we’ve a pipeline of sites lined up in West Country to grow Butcombe business’: Liberation Group chief executive Mark Crowther has told Propel it has a pipeline of sites lined up in the West Country to grow … view
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Wednesday 6th July 2016
Drake & Morgan acquires Corney & Barrow’s wine bar business
Drake & Morgan acquires Corney & Barrow’s wine bar business: Drake & Morgan, which is backed by private equity firm Bowmark Capital, has bought London wine bar and restaurant operator Corney & Barrow Bars for an undisclosed sum. Corney & Bar … view
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Wednesday 6th July 2016
Caledonia Investments acquires Liberation Group for £118m
Caledonia Investments acquires Liberation Group for £118m: The Channel Islands brewer and retailer Liberation Group has been acquired by Caledonia Investments from LGV Capital for £118m. The deal, which is expected to be completed over the s … view
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Wednesday 6th July 2016
Pret A Manger to make motorway service station debut
Pret A Manger to make motorway service station debut: Pret A Manger is to open its first motorway service shop, as part of a trial partnership with Welcome Break. The shop is scheduled to open at the end of summer at the South Mimms Servi … view
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Wednesday 6th July 2016
Gourmet Burger Kitchen buys back Irish franchise rights
Gourmet Burger Kitchen buys back Irish franchise rights: Gourmet Burger Kitchen (GBK) has bought back its Irish franchise rights from local businessman Graeme Beere. GBK will spend €3.5m on refurbishment of the five sites operated by Beere a … view
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Wednesday 6th July 2016
Propel Wednesday News Briefing
Pay differentials double cost of NLW to hospitality industry to £700m: Pay differentials have led to the cost of the National Living Wage (NLW) to the hospitality industry almost doubling original expectations – at £700m, according to … view
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Tuesday 5th July 2016
The National Living Wage: what pub and restaurant groups really think
The National Living Wage: what pub and restaurant groups really think: Leaders of Britain’s pub and restaurant groups have generally welcomed the introduction of the National Living Wage, with a majority saying it will have a positive e … view
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Tuesday 5th July 2016
Propel Tuesday News Briefing
West End of London sees greatest growth in casual dining brands in past three years but ‘plenty of opportunity beyond M25’: The West End of London has seen the greatest growth in casual dining brands in the past three years but there … view
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Monday 4th July 2016
Stonegate results, JW Lees results, JD Wetherspoon award
Stonegate reports like-for-like pub profit up 10.6% in first 28 weeks of FY: Stonegate, the operator of 660 managed pubs located nationwide, has reported for the 28 weeks to 10 April 2016, total revenue was up 12.8% to £342m (half one 20 … view
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Monday 4th July 2016
Propel Monday News Briefing
Brits more impatient than US counterparts when dining out, take-out ‘big opportunity’ for UK operators: Brits are more impatient than their US counterparts when it comes to dining out, a new report has found. The GO Technology finding … view
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Friday 1st July 2016
Update: Brexit and VAT, Wagamama, BrewDog, Greene King, Joules, Luke Johnson
Minister says Brexit could lead to abolition of VAT on tourism: A senior cabinet minister has said the Brexit referendum vote could lead to a cut in the rate of VAT levied on tourism. John Whittingdale, secretary of state for culture, med … view
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Friday 1st July 2016
Friday Opinion
Brexit special – Subjects: Here’s how I see it post-Brexit – from a slightly different standpoint, planning for uncertainty, so what would Warren Buffet think, and now for something completely different
Authors: … view
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Friday 1st July 2016
St Austell Brewery buys Bath Ales
St Austell Brewery buys Bath Ales: Cornwall-based St Austell Brewery Company has this morning (Friday, 1 July) announced the acquisition of fellow West Country brewer and pub company, Bath Ales. The deal, which has been completed for an u … view
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Friday 1st July 2016
Propel Friday News Briefing
Alan Yau reveals he spent more than £30m on Mayfair restaurant Park Chinois, developing new food social platform: Wagamama founder Alan Yau has revealed he spent more than £30m on his latest Chinese restaurant concept – Park Chinois i … view
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