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Friday 30th September 2016
G1 Group reports turnover increase in ‘challenging year’
G1 Group reports turnover increase in ‘challenging year’: Scotland’s biggest independent managed operator G1 Group, led by Stefan King, has reported turnover increased to £70.5m for the year ending 31 March 2016, compared with £70.2m t … view
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Friday 30th September 2016
JD Wetherspoon to sell further five pubs
JD Wetherspoon to sell further five pubs: JD Wetherspoon has appointed CBRE and Savills to sell a further five of its pubs, taking the number of properties currently available on the market to 26. The properties comprise a mix of 11 freehold/l … view
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Friday 30th September 2016
Friday Opinion
Subjects: ACVs – from an operator’s viewpoint, joint ventures in pubs, business rates – are the storm clouds gathering, and community research – moving with the times
Authors: Mark Brown, Glynn Davis, Ben Peers and An … view
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Friday 30th September 2016
Update: Brighton Pier Group, restaurants ordered to reduce size of puddings
Brighton Pier Group – ­‘we plan a diverse portfolio of experiential leisure and entertainment assets’, reports return to profit: Brighton Pier Group, which has sector investor Luke Johnson as chairman, has said the long-term strate … view
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Friday 30th September 2016
Propel Friday News Briefing
Appetite for new delivery services and healthy food drives 13.5% summer surge in eating out – Cardlytics report: Spending on eating out in the UK surged 13.5% during the summer, compared with the previous year, driven by increased consu … view
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Friday 30th September 2016
Enterprise Inns to open 100th managed pub, 70th Craft Union site
Enterprise Inns to open 100th managed pub, 70th Craft Union site: Enterprise Inns is to open its 100th managed pub as the company continues to grow the segment in support of the strategy unveiled in May 2015. The company said the landmark open … view
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Thursday 29th September 2016
Carluccio’s appoints new chairman
Carluccio’s appoints new chairman: Carluccio’s, the 119-strong international Italian restaurant group, owned by Jagtiani Foundation, the family office of the owners of Landmark group, has appointed Carl Leaver as its new non-executive chai … view
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Thursday 29th September 2016
Merlin Entertainments reports 3% like-for-like growth in theme parks business as Alton Towers trading starts to recover
Merlin Entertainments reports 3% like-for-like growth in theme parks business as Alton Towers trading starts to recover: Merlin Entertainments has reported 3% like-for-like growth in its theme parks business for the 38 weeks to 17 Septemb … view
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Thursday 29th September 2016
Propel Thursday News Briefing
German pizza and pasta chain L’Osteria to launch first UK site, in Bristol: German pizza and pasta chain L’Osteria, which operates 65 restaurants in Germany, Austria and Switzerland, has chosen Bristol as the location for its first UK … view
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Wednesday 28th September 2016
Update: Easyhotel raises £38m, Domino’s Pizza, Food Yard to debut on Fulham Road
Easyhotel raises £38m: Easyhotel, the owner, developer, operator and franchisor of “super budget” branded hotels, has made a conditional placing of up to 38,000,000 new ordinary shares at a price of 100 pence each to raise £38 milli … view
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Wednesday 28th September 2016
Propel Wednesday News Briefing
Neil Lambert – Firezza has UK-wide appeal, PizzaExpress’ partnership with Deliveroo shows demand for service that delivers high-quality pizza: Neil Lambert, joint managing director of gourmet pizza delivery company Firezza, has told P … view
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Tuesday 27th September 2016
Time Out in ‘advanced talks to open food markets in London and Porto’
Time Out in ‘advanced talks to open food markets in London and Porto’: Time Out Market, which is owned by Time Out Group and brings together a city’s best restaurants, food shops, and culture under one roof, is in advanced talk to o … view
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Tuesday 27th September 2016
Propel Tuesday News Briefing
Ever So Sensible Restaurants looking to double estate size to 20 after period of consolidation: Ever So Sensible Restaurants managing director Chris Bulaitis has told Propel he is looking to double the size of its estate in the East … view
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Monday 26th September 2016
D&D London reports record results
D&D London reports record results: Restaurant operator D&D London has reported record results with turnover up 3% to £107.8m in the year to 31 March 2016. Ebitda was up 16% to £13.0m (2015 – £11.2m). The company relaunched Le Pont de … view
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Monday 26th September 2016
Propel Monday News Briefing
Kout Food Group puts leasehold of Cha Cha Moon on market: Kout Food Group has put the leasehold of its Asian fusion noodle bar Cha Cha Moon in London on the market. The venue, which is located in Kingly Court, Soho, and was created by Wag … view
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Monday 26th September 2016
Kout Food Group puts leasehold of Cha Cha Moon on market
Kout Food Group puts leasehold of Cha Cha Moon on market: Kout Food Group has put the leasehold of its Asian fusion noodle bar Cha Cha Moon in London on the market. The venue, which is located in Kingly Court, Soho, and was created by Wagamama … view
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Saturday 24th September 2016
Mintel report reveals state of UK nightclub sector
Mintel – UK nightclub revenues see 21% decline in past five years, admissions down 23%, high entry fees and prices having negative impact: UK nightclub revenue has declined 21% in the past five years, down from £1.49bn in 2010 to £1.18bn i … view
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Friday 23rd September 2016
Update: The Restaurant Group, Welcome Break, Leon, Rosa's Thai Cafe, 3Sixty Restaurants et al
The Restaurant Group brings five Northern Ireland sites to market: The Restaurant Group has brought to market a portfolio of five restaurant units across Northern Ireland. Agent Savills has been appointed to dispose of the leases of four … view
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Friday 23rd September 2016
Friday Opinion
Subjects: Benchmarking success, the Turkish cuisine revolution, and Fabric and the politics of social control in the night-time economy 
Authors: Kate Nicholls, Glynn Davis and Paul Chase

Benchmar … view

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Friday 23rd September 2016
Propel Friday News Briefing
KPC co-founder – we’ve appetite for further investments in foodservice market, pipeline of sites for 7Bone, plenty of scope for growth for Abokado, Fuel Juice Bars and Inn Collection: The co-founder of private equity firm Kings Park C … view
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Thursday 22nd September 2016
Neil Griffiths to step down as Punch chief strategy officer
Neil Griffiths to step down as Punch chief strategy officer: Neil Griffiths is to step down as chief strategy officer of Punch. Griffiths, who has worked within the business since 2001, said: “I have had the most incredible experience workin … view
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Thursday 22nd September 2016
Firezza owned by PizzaExpress plans delivery simplicity push
Firezza owned by PizzaExpress plans delivery simplicity push: Gourmet pizza delivery company Firezza, which was acquired by PizzaExpress earlier this year, has revealed a rebrand and a pipeline of sites for regional expansion as part of a push … view
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Thursday 22nd September 2016
Red Hot collapse triggered by dropping sales and negative PR, Risk to lose £9.9m
Red Hot collapse triggered by dropping sales and negative PR, Risk to lose £9.9m: Red Hot World Buffet fell into administration after suffering from declining sales and negative PR attention due to employment tribunal claims brought by former … view
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Thursday 22nd September 2016
M&B like-for-likes turn positive in most recent eight weeks
M&B like-for-likes turn positive in most recent eight weeks: Mitchells & Butlers has reported like-for-like sales increased by 1.8% in the most recent eight weeks, representing a continuation of the improved trend both over time and relative t … view
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Thursday 22nd September 2016
Propel Thursday News Briefing
NPD Group – breakfast growing faster than lunch in out-of-home market, bakeries benefiting but pubs likely to suffer: Breakfast is growing faster than lunch in the out-of-home (OOH) market, according to new research by NPD Group. Data s … view
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Thursday 22nd September 2016
ALMR Christie & Co Benchmarking Report – additional costs could undermine sector growth
ALMR Christie & Co Benchmarking Report – additional costs could undermine sector growth: Rising operating costs, particularly payroll costs, are threatening to undermine the growth of an evolving and innovative sector, according to the Assoc … view
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Wednesday 21st September 2016
Greene King Leisure Tracker – eating and drinking out drives leisure spend increase in August
Greene King Leisure Tracker – eating and drinking out drives leisure spend increase in August: Eating and drinking out drove an increase in leisure spend in August as households took advantage of both the school holidays and the end of the s … view
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Wednesday 21st September 2016
Barber, Standring and Neill team up to acquire Haché
Barber, Standring and Neill team up to acquire Haché: Jamie Barber, co-founder of Cabana, Ed Standring, former managing director of Richoux Group, and Ian Neill, former chief executive of Wagamama, have teamed up to acquire Haché, the m … view
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Wednesday 21st September 2016
Update: Shepherd Neame, Richoux Group, Ed’s Easy Diner, Marston’s, Hollywood Bowl
Shepherd Neame reports 10.7% increase in underlying profit before tax, current like-for-likes in managed pubs and hotels up 8.2%: Shepherd Neame, Britain’s oldest brewer, has reported a 10.7% increase in underlying profit before tax to … view
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Wednesday 21st September 2016
Propel Wednesday News Briefing
Scottish doggy bag scheme expanded after trial finds food waste cut by 40%: The Scottish government’s “Good to Go” initiative is being expanded after the pilot scheme showed offering customers doggy bags cut food waste by 40% per re … view
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Tuesday 20th September 2016
Propel Tuesday News Briefing
McDonald’s UK head of marketing – ‘we have developed a strategy where we’re ready to act when consumer trends reach tipping point’: McDonald’s UK head of marketing Alistair Macrow has said the company has developed a strategy … view
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Monday 19th September 2016
Update: Krispy Kreme, Oakman Inns, Whitbread, Domino's Pizza Poland
Krispy Kreme set to float this week: Krispy Kreme is set to float activity this week, The Sunday Telegraph has reported. Alcuin Capital, the private equity firm that controls Krispy Kreme’s UK arm, is gearing up for an initial public of … view
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Monday 19th September 2016
Propel Monday News Briefing
Shortlist of UK best late-night operators unveiled: The short-listed finalists for the 2016 Association of Licensed Multiple Retailers (ALMR) Late Night Awards have been revealed. The nominees include businesses from right across the late-nigh … view
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Friday 16th September 2016
Update: Hawksmoor, Daniel Thwaites, Thai Leisure Group, Premier Inn, Be At One et al
Hawksmoor operator reports turnover and underlying Ebitda rise: Hawksmoor operator Underdog Restaurants has reported turnover rose to £32,898,000 in the year to 31 December 2015, up from £28,054,000 the year before. Underlying Ebitda in … view
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Friday 16th September 2016
Friday Opinion
Subjects: Michelin-starred chefs reaping the benefits of sticking close to home, understanding wine consumers, and ten thoughts on getting the best out of your business
Authors: Glynn Davis, Paul Waller, and Ann Elliottview
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Friday 16th September 2016
City Pub Company eyes October 2017 float, Hollywood Bowl floats
City Pub Company plans AIM listing in October 2017, reports turnover and Ebitda rise: City Pub Company is to seek an AIM listing in October 2017 after its EIS qualifying period matures. The company, which operates 28 sites through two sub … view
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Friday 16th September 2016
Propel Friday News Briefing
Aston Manor Brewery reports fall in turnover and Ebitda: Birmingham-based cider-maker Aston Manor Brewery has reported turnover fell to £108,663,941 for the year ending 31 December 2015, compared with £122,772,725 the previous year. Ebi … view
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Thursday 15th September 2016
Horizons – operators maintain main course prices, boost spend by raising cost of starters and desserts, new focus on side dishes and snacks
Horizons – operators maintaining main course prices but boost customer spend by increasing cost of starters and desserts, new focus on more side dishes and snacks: UK operators are maintaining the cost of main courses on their menus but boo … view
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Thursday 15th September 2016
Propel Thursday News Briefing
Coffer Peach Tracker – overall like-for-likes up 0.6% on August 2015, pubs outperform restaurants: Britain’s managed pub and restaurant groups saw collective like-for-like sales grow 0.6% in August against the same month last year, fo … view
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Thursday 15th September 2016
Coffer Peach Tracker – overall like-for-likes up 0.6% on August 2015, pubs outperform restaurants
Coffer Peach Tracker – overall like-for-likes up 0.6% on August 2015, pubs outperform restaurants: Britain’s managed pub and restaurant groups saw collective like-for-like sales grow 0.6% in August against the same month last year, fo … view
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Wednesday 14th September 2016
Update: Hotel market analysis, Everyman
Jamie Rollo – ‘London’s summer trading improvement in the hotel market may not be sustained, Whitbread the quality operator’: Morgan Stanley leisure analyst Jamie Rollo has said London’s summer trading improvement in the hotel m … view
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Wednesday 14th September 2016
Propel Wednesday News Briefing
Just Eat relaunches brand with new company vision: Just Eat, the digital market place for takeaway food delivery, has relaunched the brand with a new company vision – to create the world’s greatest food community. This will be brough … view
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Wednesday 14th September 2016
Just Eat relaunches brand with new company vision
Just Eat relaunches brand with new company vision: Just Eat, the digital market place for takeaway food delivery, has relaunched the brand with a new company vision – to create the world’s greatest food community. This will be brought … view
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Tuesday 13th September 2016
Propel Tuesday News Briefing
Hop founder says A1 sites making concept a ‘lot more scalable’, deliveries topping £6,000 a week: Paul Hopper, founder of Vietnamese street food concept Hop, has told Propel restricting Hop stores to A1 sites will make the business a … view
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Monday 12th September 2016
Prezzo reports revenue up 13%
Prezzo reports revenue up 13%: Prezzo, which is backed by TPG Capital, has reported revenue increased to £213,812,000 for the year ending 3 January 2016, compared with £189,890,000 the year before. Profit before tax rose to £21,715,000, com … view
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Monday 12th September 2016
Propel Monday News Briefing
ALMR – proposed rates appeal changes ‘unfair and unworkable’: Proposed changes to business rates revaluation are “unfair”, “unworkable” and will potentially cost businesses “thousands of pounds”, the Association of Licensed M … view
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Friday 9th September 2016
Tim Martin and John Hutson comment on JD Wetherspoon financial results plus key analyst concerns
Propel reports on JD Wetherspoon chairman Tim Martin and chief executive John Hutson’s comments following today’s results, plus key analyst concerns:
 
Current trading going well after tougher start to t … view
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Friday 9th September 2016
KFC UK reports increase in like-for-likes and pre-tax profit
KFC UK reports increase in like-for-likes and pre-tax profit: KFC UK has reported a 2.1% increase in like-for-like sales in the year to 29 November 2015, while pre-tax profit increased to £55,946,000, compared with £47,323,000 in the previou … view
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Friday 9th September 2016
Friday Opinion
Subjects: The changing dynamics of the UK burger market, A lesson from history not learnt, Brexit – hospitality entrepreneurs can benefit on both sides of the pond, and How to get retail design right
Authors: Glynn Davis, P … view
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Friday 9th September 2016
Results: JD Wetherspoon, Greene King, Comptoir Group, Richoux
JD Wetherspoon reports sales up 4.1% since year-end, fires back at ‘Remain’ doomsters: JD Wetherspoon has reported sales rose 5.4% to £1,595.2m in the 52 weeks to 24 July 2016. Like-for-like sales rose 3.4%, while sales since the yea … view
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Friday 9th September 2016
Propel Friday News Briefing
Benchmarking survey shows multi-site operators performing strongly with like-for-like sales growth of almost 7% and more new openings planned: Multi-site operators have performed strongly with increases in turnover and an average increase … view
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Friday 9th September 2016
Market Growth Monitor – managed restaurant groups’ sites number up 5.5% year-on-year
Market Growth Monitor – managed restaurant groups’ sites number up 5.5% year-on-year: Managed restaurant groups continued to see strong growth in the 12 months to June this year, with numbers of sites up 5.6% year-on-year, according to the … view
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Thursday 8th September 2016
Peach Pub Company reports 34.2% rise in group Ebitda, turnover hits £24.9m
Peach Pub Company reports 34.2% rise in group Ebitda, turnover hits £24.9m: Peach Pub Company has unveiled a 34.2% rise in group Ebitda to £2,255,801 with turnover up 11% to £24.9m in the 54 weeks to 10 January 2016. This summer saw the ope … view
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Thursday 8th September 2016
Kings Park Capital takes significant stake in better burger brand
Kings Park Capital takes significant stake in better burger brand: Private equity firm Kings Park Capital (KPC) has taken a significant stake in 7Bone Burger Co (‘7Bone’), a fast casual ‘better burger’ restaurant concept, by providing … view
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Thursday 8th September 2016
Propel Thursday News Briefing
Seedrs reports food and beverage largest sector for deals, and providing best returns: Crowdfunding platform Seedrs, which is the largest platform in the UK by certain measures, has reported that food and beverage deals have accounted for … view
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Wednesday 7th September 2016
Wagamama reports 9.8% boost to LfLs in Q1, average weekly sales per site now £38,700
Wagamama reports 9.8% boost to LfLs in Q1, average weekly sales per site now £38,700: Wagamama has reported like-for-like sales rose by 9.8% in the 16 weeks to 14 August, the first quarter of its Fiscal Year 2017. Its credit rating has been u … view
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Wednesday 7th September 2016
Stonegate acquires ten JD Wetherspoon pubs
Stonegate acquires ten JD Wetherspoon pubs: Stonegate Pub Company has acquired ten pubs from JD Wetherspoon in a deal that exchanged today (Wednesday, 7 September). The pubs, stretching from Hull to Newquay, bring the company’s estate up to … view
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Wednesday 7th September 2016
Paul UK returns to profit, Hand Picked Hotels reduces losses
Paul UK returns to profit, like-for-likes increase 6.3%: Paul UK, the 34-strong French bakery and cafe brand, has reported a return to profit for the year ending 31 December 2015 with like-for-like sales up 6.3%. The company saw a pre-tax … view
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Wednesday 7th September 2016
London nightclub Fabric to close after licence is revoked over drug deaths
London nightclub Fabric to close after licence is revoked over drug deaths: One of Britain’s best known nightclubs, Fabric, has been forced to close permanently after its licence was revoked following the drug-related deaths of two people. A … view
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Wednesday 7th September 2016
One hundred Stonegate managers descend on the House of Commons
One hundred Stonegate managers descend on the House of Commons: One hundred of Stonegate Pub Company’s most promising managers will descend on the House of Commons today (7 September) in a celebration of 100 managers graduating the company … view
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Wednesday 7th September 2016
Propel Wednesday News Briefing
French startup VizEat eyes London base following new funding, firm dubbed ‘Airbnb of food’: French food experience platform VizEat, dubbed the “Airbnb of food”, is set to open bases in London and Germany following a new €3.8m fu … view
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Tuesday 6th September 2016
Update: Wildwood, Ed’s Easy Diner and Ministry of Sound
Wildwood operator Tasty reports sales and profit boost: Wildwood operator Tasty has reported sales increased by 28% in the 28 weeks to 3 July on the corresponding period to £21,794,000 (2015 – £17,050,000). Adjusted operating profit, … view
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Tuesday 6th September 2016
Propel Tuesday News Briefing
Welcome Break reports record sales at 14 of its 24 sites over August bank holiday: Independent motorway service operator Welcome Break has reported it broke sales records at 14 of its 24 sites over the August bank holiday. The company sai … view
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Monday 5th September 2016
Jamie Rollo – UK hotel, pub and restaurant data shows trading has accelerated post-Brexit
Jamie Rollo – UK hotel, pub and restaurant data shows trading has accelerated post-Brexit: Morgan Stanley analyst Jamie Rollo has revealed data from July and August for the UK hotel, pub and restaurant, and travel industries has shown t … view
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Monday 5th September 2016
Comptoir Libanais unveils six-strong pipeline
Comptoir Libanais unveils six-strong pipeline: Comptoir Libanais has secured three new openings to expand the group’s presence in London. These include a 398 square metre, 94-cover site on Soho’s Poland Street in the former location of YO! … view
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Monday 5th September 2016
Propel Monday News Briefing
Deadline for entries into industry-wide training awards extended: The deadline for entries into the National Innovation in Training Awards (NITAs), being held by the British Institute of Innkeeping (BII) in partnership with Propel, has been ex … view
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Friday 2nd September 2016
Friday Opinion
Subjects: The black magic of marketing effectiveness, targeting millennials through Snapchat, and the great and not so good
Authors: James Hacon, Libby Andrews, and Ann Elliott

The black magic of m … view

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Friday 2nd September 2016
Propel Friday News Briefing
Simon Longbottom – Stonegate could grow by hundreds of more sites in fragmented market: Stonegate Pub Company chief executive Simon Longbottom has told Propel there is an opportunity for the 660-strong operator to grow by “hundre … view
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Friday 2nd September 2016
Brakspear reports turnover and profit rise thanks to managed division boost
Brakspear reports turnover and profit rise thanks to managed division boost: J T Davies & Sons, the parent company for Henley-based pub operator and brewer Brakspear, has reported turnover increased almost 13% to £22.4m for the year ending 31 … view
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Thursday 1st September 2016
Update: Pizza Hut UK full results, GBK sold for £109m
Pizza Hut UK reports pre-tax profit fall, exits 13 restaurants in 2015 with four closures planned this year: Pizza Hut UK, owned by private equity firm Rutland Partners, has reported pre-tax profit fell to £7,891,000 in the year ending 2 … view
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Thursday 1st September 2016
Propel Thursday News Briefing
Third of Brits with smartphones using mobile payments, reservations over security, more likely to use if offered rewards: A third (34%) of Brits with a smartphone have made a mobile payment in the past 12 months with 17% using them to pay … view
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