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Friday 29th September 2017
G1 Group reports Ebitda boost as turnover nears £75m
G1 Group reports Ebitda boost as turnover nears £75m: Scotland’s biggest managed operator G1 Group has reported turnover increased to £74.5m for the year ending 31 March 2017 compared with £70.5m the year before. The company saw Ebitda ri … view
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Friday 29th September 2017
Update: Chipotle UK results, D&D London appointment, hotel's Michelin star misery
Chipotle UK reports sales and profits ‘adversely impacted’ by food-borne illness incidents associated with US restaurants: Chipotle UK has reported sales and profits at its six-strong operation have been “adversely impacted” by th … view
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Friday 29th September 2017
Friday Opinion
Subjects: Over-celebrating the roast, nurturing loyalty over discount bounty hunters, and enticing talent by generating desire
Authors: Glynn Davis, Ann Elliott, and Chris Edger and Tony Hughes
 

Over- … view

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Friday 29th September 2017
Update: Brighton Pier Group and Richoux Group results
Brighton Pier Group reports turnover passes £30m, creates new chief executive role as it plans further acquisitions: Brighton Pier Group, which has sector investor Luke Johnson as chairman, has reported revenue increased 39% to £31.3m f … view
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Friday 29th September 2017
Propel Friday News Briefing
Trip to the pub becoming ‘unaffordable luxury’, CAMRA warns chancellor: The traditional trip to the pub is becoming an “unaffordable luxury” as only 15% of British beer drinkers think the price of a pint is “very” or “fairly … view
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Friday 29th September 2017
Trip to the pub becoming ‘unaffordable luxury’, CAMRA warns chancellor
Trip to the pub becoming ‘unaffordable luxury’, CAMRA warns chancellor: The traditional trip to the pub is becoming an “unaffordable luxury” as only 15% of British beer drinkers think the price of a pint is “very” or “fairly … view
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Thursday 28th September 2017
Greene King launches first joint-venture concept as it partners with Tom Kerridge
Greene King launches first joint-venture concept as it partners with Tom Kerridge: Brewer and retailer Greene King is to launch a joint venture with chef Tom Kerridge with the opening of The Butcher’s Tap in Marlow, Buckinghamshire. The proj … view
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Thursday 28th September 2017
Robinsons reports turnover and profit boost
Robinsons reports turnover and profit boost: North west brewer and retailer Robinsons has reported turnover increased 7.9% to £68.3m for the year ending 31 December 2016. The company, which owns more than 280 pubs, saw pre-tax profit rise 13. … view
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Thursday 28th September 2017
Chapel Down Group to start work on new brewery as sales rise
Chapel Down Group to start work on new brewery as sales rise: Chapel Down Group is about to start work on a new brewery in Ashford amid growing demand for its beer as well as its wine. Chief executive Fraser Thompson said: “Our growth (in be … view
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Thursday 28th September 2017
Propel Thursday News Briefing
Soho Coffee Co focuses expansion on London as it looks to cement position on high street, targets ten new sites next year: Soho Coffee Co managing director Penny Manuel has told Propel the company’s expansion focus is firmly on London a … view
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Wednesday 27th September 2017
Glendola Leisure buys Handmade Pubs
Glendola Leisure buys Handmade Pubs: Glendola Leisure, which is led by Alex Salussolia, has bought London-based Handmade Pubs. The deal has seen Glendola add The Fox in Shoreditch and The Lansdowne, Primrose Hill, to its portfolio. Salussolia … view
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Wednesday 27th September 2017
Real ale drinkers spend more than £1,000 a year in pubs, ALMR calls for hospitality minister
Real ale drinkers spend more than £1,000 a year in pubs, cask most resilient area of beer sector: Real ale drinkers spend more than £1,000 a year in pubs – 30% more than other drinkers, according to the Cask Report 2017. Their £1,030 … view
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Wednesday 27th September 2017
Analyst predicts winners and losers as margins erode
Analyst – private companies now at an increased risk of failure: City analyst Tim Barrett has argued that current weak like-for-like sales increases in the sector do not allow margins to be protected, meaning an increased risk of failur … view
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Wednesday 27th September 2017
Propel Wednesday News Briefing
Real ale drinkers spend more than £1,000 a year in pubs, cask most resilient area of beer sector: Real ale drinkers spend more than £1,000 a year in pubs – 30% more than other drinkers, according to the Cask Report 2017. Their £1,030 … view
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Tuesday 26th September 2017
Escape room company Tick Tock Unlocked launches £1m crowdfunding campaign to open first London site
Escape room company Tick Tock Unlocked launches £1m crowdfunding campaign to open first London site: Regional escape room multi-site company Tick Tock Unlocked has launched a £1m fund-raise on crowdfunding platform Crowdcube to launch its fi … view
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Tuesday 26th September 2017
Time Out Group sets out Time Out Market expansion plan
Time Out Group sets out Time Out Market expansion plan: Time Out is to appeal the refusal of a food market licence in Spitalfields whilst looking for another site in London. The company stated: “The performance of the market in Lisbon h … view
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Tuesday 26th September 2017
Propel Tuesday News Briefing
Young adults driving breakfast and brunch trend but pubs missing out: Young adults and the rise of social occasions are key drivers in boosting breakfast and brunch sales for operators but pubs are missing out, according to The Future Of … view
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Monday 25th September 2017
Simon Cope confirmed as Byron chief executive
Simon Cope confirmed as Byron chief executive: Simon Cope has been confirmed as chief executive of better burger brand Byron. He joined Byron as managing director in July from Wagamama, another Hutton Collins Partners portfolio company. T … view
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Monday 25th September 2017
Update: Authentic raises £3m plus, Shaftesbury refinances
Authentic Alehouses raises £3m plus: Leeds based Authentic Alehouses has raised over £3 million through Crowdstacker. The company launched its funding bid to revive the fortunes of currently under-performing pubs by attracting a new gen … view
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Monday 25th September 2017
Propel Monday News Briefing
Inbound visitor numbers increase 6% in July but show slowdown in growth: Total visitor numbers to the UK increased 6% year-on-year for the month of July but inbound tourism has seen a slowdown in growth from the 13% rise in the first four … view
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Sunday 24th September 2017
Update: Leon results and Deliveroo raises £285m
Leon reports turnover growth, like-for-likes up 7.6%: Leon has reported total sales of £58.4m in its 2016 full year, up £21.5m on the year before with like-for-like sales up 7.6%. It added eight company-owned sites to make the total 34 … view
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Friday 22nd September 2017
Update: Pod results, London's restaurant boost, Charles Wells, McDonald's and Tim Bacon fund-raiser
Pod reports like-for-likes down 1.6%, delivery sales grow 45%: Healthy fast food chain Pod has reported like-for-like sales fell 1.6% for the year ending 25 December 2016. The company saw turnover decrease slightly to £17,041,451 compare … view
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Friday 22nd September 2017
Boxpark Wembley to launch in late 2018 with ‘real street food focus’
Boxpark Wembley to launch in late 2018 with ‘real street food focus’: The third Boxpark site will open in Wembley Park in late 2018 and have a “real street food focus”. The concept launched in Shoreditch five years ago, with Boxpark Cr … view
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Friday 22nd September 2017
Friday Opinion
Subjects: The vicious circle of business rates, alcohol and students do mix, and Drinkers’ Voice
Authors: Kate Nicholls, Glynn Davis and Paul Chase

The vicious circle of business rates by Kate Ni … view

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Friday 22nd September 2017
Propel Friday News Briefing
Deliveroo reports revenue rises 611% to £129m but losses stack up: Deliveroo has reported revenue increased 611% to £128,564,142 for the year ending 31 December 2016, compared with £18m the prior year, as it expanded around the world. … view
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Thursday 21st September 2017
Deltic Group given 10 October deadline to make offer for Revolution Bars Group
Deltic Group given 10 October deadline to make offer for Revolution Bars Group: Deltic Group has been given until 5pm on 10 October to make an offer for Revolution Bars Group – a week before its shareholders vote on whether to accept a £101 … view
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Thursday 21st September 2017
BrewDog eyes Equity for Punks Five to bridge £90m funding gap
BrewDog eyes Equity for Punks Five to bridge £90m funding gap: BrewDog is eyeing Equity for Punks Five (EFP V), a fifth round of crowdfunding, to fill a £90m funding gap as it aims to become a company worth £5bn, Propel has learned. A … view
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Thursday 21st September 2017
Britain’s over-50s spend £6bn as they show growing appetite for eating lunch out
Britain’s over-50s spend £6bn as they show growing appetite for eating lunch out: Britain’s over-50s accounted for one billion lunch visits for the year ending June 2017, spending £6bn over the period, according to new research by insigh … view
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Thursday 21st September 2017
M&B – the market has turned more challenging in recent weeks
M&B – the market has turned more challenging in recent weeks: Mitchells & Butlers has reported the market has turned ‘more challenging’ in recent weeks. In a trading statement covering the 51 weeks ended 16 September, the company sa … view
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Thursday 21st September 2017
Propel Thursday News Briefing
Small casual dining brands expanding six times faster than bigger names: Small casual dining brands are expanding six times faster than bigger names in the sector, the latest Market Growth Monitor from AlixPartners and CGA Peach has revea … view
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Thursday 21st September 2017
Small casual dining brands expanding six times faster than bigger names, price of bitter breaks £3 mark
Small casual dining brands expanding six times faster than bigger names: Small casual dining brands are expanding six times faster than bigger names in the sector, the latest Market Growth Monitor from AlixPartners and CGA Peach has revea … view
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Wednesday 20th September 2017
Roger Payne paid £210,500 to acquire Chicago Rib Shack in pre-pack administration
Roger Payne paid £210,500 to acquire Chicago Rib Shack in pre-pack administration: Authentic American barbecue restaurant chain Chicago Rib Shack, which operates five sites, was acquired in a pre-pack administration for a consideration of £2 … view
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Wednesday 20th September 2017
Update: Shepherd Neame results, Diageo trading and Peel Hotels
Shepherd Neame reports profit progress as investment and premiumisation strategy pays off: Shepherd Neame, Britain’s oldest brewer and owner and operator of a 327 pub estate, has reported turnover increased by 11.7% to £156.2m (2016: … view
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Wednesday 20th September 2017
Propel Wednesday News Briefing
Hospitality smart checklist app Trail to join UK Oracle Startup Cloud Accelerator programme: Trail, a smart checklist tool that helps hospitality operators streamline their daily processes, has been selected to join the inaugural UK Oracl … view
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Wednesday 20th September 2017
Trail to join accelerator programme, sector boosts lettings in Liverpool and Manchester
Hospitality smart checklist app Trail to join UK Oracle Startup Cloud Accelerator programme: Trail, a smart checklist tool that helps hospitality operators streamline their daily processes, has been selected to join the inaugural UK Oracl … view
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Tuesday 19th September 2017
Propel Tuesday News Briefing
Nearly nine out of ten food outlets ‘broadly compliant’ with food safety law: Nearly nine out of ten food outlets in the UK are “broadly compliant” with food safety law, new data from the Food Standards Agency (FSA) has shown. The … view
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Monday 18th September 2017
Philippines-based fast food chain eyes $1bn acquisition of Pret A Manger
Philippines-based fast food chain eyes $1bn acquisition of Pret A Manger: Philippines-based Jollibee Foods, known for its sweet-style spaghetti and fried chicken, is exploring a bid for Pret A Manger that could be worth more than $1bn. Jollibe … view
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Monday 18th September 2017
Update: Byron, Christie & Co, Domino’s Poland
Byron hires KPMG to work through cash management plan: Better burger brand Byron has hired advisers to work through a “cash management” plan that could include shutting underperforming branches, according to the Sunday Times. The chai … view
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Monday 18th September 2017
Propel Monday News Briefing
Pub debt to be hit by spending slowdown warns Moody’s: Bundles of pubs’ debt will suffer over the next 12 to18 months as earnings are hit by a decline in demand for beer, a weak pound, and rises in the National Living Wage and inflati … view
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Friday 15th September 2017
JDW results briefing: Small towns, hotels, coffee, freeholds

Propel reports on JD Wetherspoon founder Tim Martin’s comments following today’s full-year results:

Current trading: Like-for-like sales for the six weeks to 10 September were up 6.1%, although Martin said that since the end o … view
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Friday 15th September 2017
Friday Opinion
Subjects: Tackling the food waste phenomenon, the importance of segmentation, and five key things operators need to know about changes to the data protection law
Authors: Glynn Davis, Ann Elliott and Julian Ross 
view
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Friday 15th September 2017
Update: JDW and Comptoir results, Brunning & Price, Potting Shed
Wetherspoon reports like-for-likes risen to 6.1% in recent weeks, reports 127 pubs disposed of in last two years: JD Wetherspoon like-for-like have risen to 6.1% in the few weeks after its year-end on 30 July. The company reported sales r … view
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Friday 15th September 2017
Propel Friday News Briefing
Sector sales growth slows in August with like-for-likes up only 0.2%, London sees 1.6% decline: Britain’s managed pubs and restaurants saw sales growth slow in August with collective like-for-likes up only 0.2% compared with last year, … view
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Friday 15th September 2017
Sector sales growth slows in August with like-for-likes up only 0.2%
Sector sales growth slows in August with like-for-likes up only 0.2%, London sees 1.6% decline: Britain’s managed pubs and restaurants saw sales growth slow in August with collective like-for-likes up only 0.2% compared with last year, the latest C … view
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Thursday 14th September 2017
ALMR names best UK bar and nightclub operators
ALMR names best UK bar and nightclub operators: The Association of Licensed Multiple Retailers has revealed the shortlisted nominees for the 2017 Late Night Awards, which recognises the best UK bar and nightclub operators. The nominees across … view
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Thursday 14th September 2017
Administrator – 20 trading Handmade Burger Co sites were sold for £1.45m
Administrator – 20 trading Handmade Burger Co sites were sold for £1.45m: The 20 trading Handmade Burger Company sites were sold in July by its administrator to an unconnected third party, The Burger Chain, for a total of £1,457,940, a rep … view
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Thursday 14th September 2017
Propel Thursday News Briefing
Aaron Mellor to open Los Angeles nightclub in early 2018: Entrepreneur Aaron Mellor, who runs the largest private estate of bars and nightclubs in the UK, a portfolio of 36 sites, is to open a 1,600-capacity nightclub in Los Angeles in th … view
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Thursday 14th September 2017
CAMRA calls for greater support for British pubs as 28,000 close since 1970s
CAMRA calls for greater support for British pubs as 28,000 close since the 1970s, ‘Big Beer’ biggest threat to consumer choice: The Campaign for Real Ale (CAMRA) has called for greater support for British pubs after revealing the nati … view
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Wednesday 13th September 2017
Wagamama reports 6.6% UK like-for-like sales increase in first quarter
Wagamama reports 6.6% UK like-for-like sales increase in first quarter: Wagamama has reported turnover increased 13.5% to £86.7m in the 16 weeks to 13 August, its first quarter of a new financial year. The UK saw 6.6% like-for-like sales grow … view
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Wednesday 13th September 2017
Propel Wednesday News Briefing
Soho Coffee Co parent company reports £3m losses following acquisitions: BTC Hospitality, which operates Soho Coffee Co, has reported losses of more than £3m for the year ending 29 January 2017 following its acquisitions of Apostrophe R … view
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Tuesday 12th September 2017
Christie & Co to sell British Country Inns estate
Christie & Co to sell British Country Inns estate: Property agent Christie & Co is marketing for sale 13 food-led country pubs on behalf of British Country Inns. Having realised the original investment goals set out during its founding in 2005 … view
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Tuesday 12th September 2017
Tasty reports slowdown amid increased promotional activity
Tasty reports slowdown amid increased promotional activity: Wildwood operator Tasty has reported it is taking decisive action after a slowdown in consumer spending that has affected company sales and margins. Revenue was up 11.8% to £24. … view
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Tuesday 12th September 2017
Propel Tuesday News Briefing
South west London-based By The Horns Brewing Co launches £350,000 crowdfunding campaign to expand capacity: South west London-based By The Horns Brewing Co has launched a £350,000 fund-raise on crowdfunding platform Crowdcube to expand … view
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Monday 11th September 2017
Update: Upham Group results, D&D London to take Bluebird to New York
Upham Group reports like-for-likes up 4.1%: Upham Group, which operates a portfolio of 16 venues, has reported like-for-like sales grew 4.1% across the estate for the six months ending 2 July 2017. Sales increased 24.8% to £7.1m compared … view
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Monday 11th September 2017
Propel Monday News Briefing
Spend in UK hotels, restaurants and bars rises 3.5%: Spending in UK hotels, restaurants and bars bucked the overall trend by rising 3.5% in August compared with the same month a year ago, according to the latest data from Visa. The compan … view
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Friday 8th September 2017
Record restaurant openings, Hop Stuff second site, Yates's sales rise 22% et al
Record number of restaurants to open in London this month: Brexit worries, terrorist attacks and an economic slowdown have failed to halt London’s indomitable restaurant scene, with a record 44 new businesses set to launch in September … view
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Friday 8th September 2017
Friday Opinion
Subjects: Charity begins at home, pulling up drawbridge on overseas labour risks long-term damage, and divide and rule
Authors: Glynn Davis, Kate Nicholls and Paul Chase

Charity begins at home by G … view

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Friday 8th September 2017
Greene King reports like-for-like sales down 1.2% in first 18 weeks
Greene King reports like-for-like sales down 1.2% in first 18 weeks: Greene King has reported like-for-like sales down 1.2% in the 18 weeks to 3 September with most of the decline attributable to the value food market. The company stated … view
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Friday 8th September 2017
Propel Friday News Briefing
UK’s first online halal takeaway service hits £100,000 target in crowdfunding campaign: HalalEat, a startup bidding to bring halal takeaway food to UK consumers, has hit the £100,000 target in its fund-raise on crowdfunding platform S … view
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Thursday 7th September 2017
Propel Thursday News Briefing
Yum China Holdings introduces first commercial application of facial recognition payment: Yum China Holdings, the licensee of KFC parent Yum! Brands in mainland China, has launched restaurant concept KPro by KFC in Hangzhou aimed at urban … view
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Wednesday 6th September 2017
Duncan Garrood steps down as Punch chief executive
Duncan Garrood steps down as Punch chief executive: Following the acquisition of Punch Taverns by Patron Capital and the sale of 1,900 Punch pubs to Heineken, chief executive Duncan Garrood has confirmed he has decided to leave the business. A … view
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Wednesday 6th September 2017
Fulham Shore reports summer slowdown – to seek keener terms on new sites
Fulham Shore reports summer slowdown – to seek keener terms on new sites: Franco Manca operator Fulham Shore is to seek keener terms from landlords on new sites as other operator face “well-publicised pressures” – it also reported … view
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Wednesday 6th September 2017
Propel Wednesday News Briefing
CGA – Britons drinking less but favouring premium drinks from branded pubs and upmarket bars: British drinkers are increasingly favouring premium drinks from branded pubs and upmarket bars, according to the latest CGA Alcohol Sales Trac … view
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Tuesday 5th September 2017
Marston’s managed boss steps down, Vapiano results
Marston’s managed boss steps down: Marston’s has announced, by mutual agreement with the board, Peter Dalzell will step down from his role as managing director of Inns and Taverns, and from the board, on Friday, 29 September. The comp … view
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Tuesday 5th September 2017
Innis & Gunn set to sell 27.9% stake to private equity firm L Catterton
Innis & Gunn set to sell 27.9% stake to private equity firm L Catterton: Scottish brewer and retailer Innis & Gunn has made a recommendation to its ordinary shareholders to consent to an offer of investment in the business from L Catterton, th … view
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Tuesday 5th September 2017
Update: Novus marketing hire, McDonald’s UK strike
Novus hires Michelle Farrell as head of marketing: Novus, the leading London bar and restaurant operator, has announced the appointment of Michelle Farrell to the role of head of marketing, together with the promotion of Victoria Purchase … view
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Tuesday 5th September 2017
Propel Tuesday News Briefing
Admiral Taverns eyes growth with 1,500 to 2,000-strong estate: Admiral Taverns is eyeing expansion from its existing 845-strong estate back to an “optimal size” of 1,500 to 2,000 pubs after securing new investment from private equity … view
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Monday 4th September 2017
Brewer C&C Group buys minority stake in Admiral Taverns
Brewer C&C Group buys minority stake in Admiral Taverns: Brewer C&C Group has announced that, in partnership with Proprium Capital Partners, it has agreed to acquire the entire issued share capital of Admiral in a deal worth circa £220m … view
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Monday 4th September 2017
Propel Monday News Briefing
Food and beverage property market starting to cool off and showing signs of saturation, reports Colliers International: The food and beverage property market is starting to cool off and is showing signs of saturation, Colliers Internation … view
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Friday 1st September 2017
Research reveals customer average spend while watching sport in pub or bar
Customers spend average of £16.75 while watching sport in pub or bar: Customers spend an average of £16.75 while watching sport in a pub or bar, according to new research. Data from CGA showed nearly a quarter of UK consumers visit an o … view
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Friday 1st September 2017
Friday Opinion
Subjects: Beer science, knowledge is power if you want to protect your share of the foodservice cake, and getting out of the boardroom and back to the floor 
Authors: Glynn Davis, Helen McMillan and Ann Elliott
view
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Friday 1st September 2017
Propel Friday News Briefing
Nine in ten payments in pubs, bars and fast food outlets now made using contactless: Nine in ten eligible payments in pubs and bars (89%) and fast food outlets (91%) are now made using contactless, according to new research. Data released … view
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Friday 1st September 2017
Nine in ten payments in pubs, bars and fast food outlets now made using contactless
Nine in ten payments in pubs, bars and fast food outlets now made using contactless: Nine in ten eligible payments in pubs and bars (89%) and fast food outlets (91%) are now made using contactless, according to new research. Data released … view
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