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Saturday 30th December 2017
Results: Individual Restaurants, Wear Inns and Chilango
Individual Restaurants reports like-for-like sales up 1.8%, secures new £24m banking facility: Individual Restaurants has reported like-for-like sales were up 1.8% for the year ending 31 March 2017. The company, which operates the Piccol … view
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Friday 29th December 2017
Results: Camerons and Anglian Country Inns
Camerons Brewery reports return to profit and Ebitda boost as pub revenue soars, secures £10m funding package for expansion: Camerons Brewery has reported a return to profit and has seen a further boost in Ebitda as revenue from its pub … view
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Wednesday 27th December 2017
Update: Hotcha administration latest, The Ivy, Wagamama, Bloc Hotels
Hotcha’s secured creditor facing £7.4m shortfall due to VAT refund overpayment and overdrawn director loan agreement: The secured creditor of Chinese takeaway franchise Hotcha faces receiving less than £60,000 of the £7.5m it is owed … view
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Sunday 24th December 2017
Corbin & King reports losses narrow as turnover passes £45m
Corbin & King reports losses narrow as turnover passes £45m: London-based restaurant group Corbin & King has seen its losses narrow as turnover pushed past the £45m mark. The company reported turnover increased 8% to £45,473,172 for th … view
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Friday 22nd December 2017
Pieminister results, Patisserie Valerie earnings
Pieminister reports turnover up 17% to £12.6m: Bristol-based Pieminister has reported turnover increased 17% to £12,556,000 for the year ending 31 March 2017 compared with £10,749,000 the previous year. Pre-tax profit fell to £148,000 … view
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Friday 22nd December 2017
Propel Friday News Briefing
This is the last Propel newsletter of 2017. We would like to take the opportunity to wish our readers a Merry Christmas and a prosperous new year

Story of the Day:

CGA – number of licensed premises in … view
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Thursday 21st December 2017
Propel Thursday News Briefing
Inbound visitor numbers fall for first time in three months: Total visitor numbers to the UK fell for the first time in three months in September, according to the latest British Hospitality Association (BHA) Travel Monitor. The data show … view
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Wednesday 20th December 2017
CMA clears Tesco’s purchase of Booker
CMA clears Tesco’s purchase of Booker: The Competition and Markets Authority (CMA) has concluded Tesco’s purchase of Booker does not raise competition concerns. The CMA stated: “A group of independent CMA panel members has examined all s … view
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Wednesday 20th December 2017
Propel Wednesday News Briefing
Park Chinois turns over almost £11m in first full financial year as losses narrow, starts work on new concept: Park Chinois, the Chinese restaurant in Mayfair from Wagamama founder Alan Yau, had turnover of nearly £11m and saw its losse … view
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Tuesday 19th December 2017
Thornbridge and Pivovar partner to open ten new sites, first in Birmingham
Thornbridge and Pivovar partner to open ten new sites, first in Birmingham: Derbyshire-based Thornbridge Brewery has joined forces with bar operator Pivovar to open new Thornbridge and Co sites across the UK. The two companies are joining forc … view
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Tuesday 19th December 2017
ALMR launches gold-standard diploma scheme, grows membership by 11%
ALMR launches gold-standard diploma scheme, grows membership by 11%: The Association of Licensed Multiple Retailers (ALMR) has launched a gold-standard diploma scheme for the UK’s hospitality sector. The first stage of the ALMR Hospitality D … view
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Tuesday 19th December 2017
Update: Admiral Taverns and Drake & Morgan results
Admiral Taverns reports slight dip in underlying Ebitda: Admiral Taverns has reported turnover of £69.2m (2016: £69.5m) for the 53 weeks to 3 June 2017. Underlying Ebitda was £25.1m (2016: £25.2m), primarily reflecting a “good perfo … view
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Tuesday 19th December 2017
Propel Tuesday News Briefing
UK drives European branded coffee shop market expansion, Starbucks overtakes McCafe to become second-largest operator: The UK drove European expansion of the branded coffee shop market in 2017 as it added 643 outlets to reach an estimated … view
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Monday 18th December 2017
Graphite sells investment in Corbin & King to Minor Hotels
Graphite sells investment in Corbin & King to Minor Hotels: Private equity company Graphite Capital has sold its investment in London-based restaurant group Corbin & King. The sale, for an undisclosed amount, forms part of a wider transaction … view
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Monday 18th December 2017
Giggling Squid reports Ebitda boost as turnover increases 56% to £18.4m
Giggling Squid reports Ebitda boost as turnover increases 56% to £18.4m: Thai restaurant group Giggling Squid, which is backed by the Business Growth Fund, has reported turnover grew 56% to £18.4m for the year ended 2 April 2017 compared wit … view
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Monday 18th December 2017
Propel Monday News Briefing
£729m worth of gin sold in bars and restaurants in past year as it becomes Britain’s favourite spirit: A total of £729m worth of gin was sold in bars and restaurants in the past year as it surpassed whisky and vodka to become Britain … view
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Sunday 17th December 2017
Update: Pizza Hut UK on verge of £100m sale, Bakery company secures £8.5m from BGF
Pizza Hut UK on verge of £100m sale: The British wing of Pizza Hut is on the verge of being sold by its private equity backers for about £100m. City sources said the sale of the company’s UK franchise could be announced in the next fe … view
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Friday 15th December 2017
Update: SSP, White Brasserie, Conviviality et al
SSP launches new concept Factory Bar & Kitchen at Birmingham airport: Transport hub foodservice specialist SSP has launched new concept Factory Bar & Kitchen at Birmingham airport. The bar and restaurant has been inspired by Birmingham’ … view
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Friday 15th December 2017
Friday Opinion
Subjects: Bruce and the next-generation brewpubs, Uber and reputation management, alcohol policy and the ‘public health’ succubus, and exciting and animating talent through recognition
Authors: Glynn Davis, Mark Stretton, … view
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Friday 15th December 2017
Update: Fulham Shore, Daisy Green, Conviviality, Domino’s
Fulham Shore reports turnover and Ebitda boost, Franco Manca makes minority investment in Made of Dough: Real Greek and Franco Manca operator Fulham Shore has reported turnover for the six months ended 24 September 2017 rose to £27.5m, c … view
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Friday 15th December 2017
Propel Friday News Briefing
Zebrano sold out of administration for £750,000, new document reveals: The company behind three-strong London-based restaurant business Zebrano was sold out of administration for a total consideration of £750,000, a new document has rev … view
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Thursday 14th December 2017
Burning Night secures private investment to launch Sportskeller, M&B executives' salary frozen for second year
Burning Night Group curtails crowdfunding campaign after securing private investment to launch Sportskeller concept: Bar company Burning Night Group has curtailed its crowdfunding campaign to launch its new sports-themed bar concept Sport … view
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Thursday 14th December 2017
Bread Holdings reports turnover boost as Gail’s grows revenue 30%, Fever Bars results
Bread Holdings reports turnover boost as Gail’s grows revenue 30%: Bread Holdings, the parent company of Gail’s Bakery and artisan baker The Bread Factory, has reported turnover increased 24% to £78,956,368 for the year ending 28 Feb … view
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Thursday 14th December 2017
Domino’s Pizza to boost stake in Iceland business, completes refinancing
Domino’s Pizza to boost stake in Iceland business, completes refinancing: Domino’s Pizza Group has announced developments which will strengthen its international operations and establish a more efficient capital structure. It plans to … view
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Thursday 14th December 2017
Propel Thursday News Briefing
Sector like-for-likes up 2.2% in November, pub and bar groups opening sites at faster rate than casual dining companies: Britain’s managed pubs, bars and restaurants saw like-for-like sales increase 2.2% in November compared with last y … view
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Thursday 14th December 2017
Sector like-for-likes up 2.2% in November, pubs and bars opening sites at faster rate than casual dining groups
Sector like-for-likes up 2.2% in November, pub and bar groups opening sites at faster rate than casual dining companies: Britain’s managed pubs, bars and restaurants saw like-for-like sales increase 2.2% in November compared with last year, … view
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Wednesday 13th December 2017
Chapel Down completes £18.53m fundraising, to raise £1.47m more
Chapel Down completes £18.53m fundraising, to raise £1.47m more: English wine producer Chapel Down has completed a fundraising of £18.53m through the issue of 37,060,000 new shares at 50p each and intends to launch an open offer for ex … view
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Wednesday 13th December 2017
Propel Wednesday News Briefing
Goodbody – up to 22% of smaller operators at risk of financial distress in 2018: Goodbody leisure analyst Gavin Kelleher has argued up to 22% of smaller operators are at risk of financial distress in 2018 as it shapes up to be a “very … view
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Tuesday 12th December 2017
Propel Tuesday News Briefing
Zing Zing smashes £500,000 crowdfunding target for further expansion within hours: Zing Zing, the north London-based Chinese takeout concept, has passed its £500,000 target on crowdfunding platform Crowdcube within a matter of hours. Th … view
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Monday 11th December 2017
NPD Group reveals five new trends set to shape Britain's foodservice industry in 2018
NPD Group reveals five new trends set to shape Britain’s foodservice industry in 2018: Five new trends that will shape Britain’s £57bn foodservice industry in 2018 have been revealed by insights firm NPD Group.
They are:view
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Monday 11th December 2017
Time Out lines up 50,000 square foot Time Out Market site in Chicago
Time Out lines up 50,000 square foot Time Out Market site in Chicago: Time Out Group has signed a conditional lease agreement for a new Time Out Market in Chicago. Anticipated to open in 2019, Time Out Market Chicago will be located at 91 … view
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Monday 11th December 2017
Propel Monday News Briefing
November spend in hotels, restaurants and bars bucks the trend with 4.2% rise as 2017 heads for five-year consumer expenditure low: Consumer spending in November at hotels, restaurants and bars bucked the trend with a 4.2% rise, according … view
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Monday 11th December 2017
Hospitality spend in November bucks trend with 4.2% rise
November spend in hotels, restaurants and bars bucks the trend with 4.2% rise as 2017 heads for five-year consumer expenditure low: Consumer spending in November at hotels, restaurants and bars bucked the trend with a 4.2% rise, according … view
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Friday 8th December 2017
Update: Charles Wells, Texture Restaurant Group, Tim Hortons, Domino's, Hollywood Bowl et al
Craig Mayes to leave Charles Wells: Bedford-based brewer and retailer Charles Wells has announced Craig Mayes will step down from his role as director of managed houses by the end of the year. Following the joint venture with Little Gems … view
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Friday 8th December 2017
Friday Opinion
Subjects: Small is beautiful, energising and enthusing service providers, and defining quality 
Authors: Glynn Davis, Chris Edger and Tony Hughes, and Ann Elliott

Small is beautiful by Glynn Davis … view

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Friday 8th December 2017
Nando's reports turnover up 13.9% to £848m but falls to £13m pre-tax loss
Nando’s reports turnover up 13.9% to £848m but falls to £13m pre-tax loss: Nando’s Group Holdings has reported turnover rose 13.9% to £847,914,000 for the year ending 26 February 2017 compared with £744,167,000 the previous year driven … view
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Friday 8th December 2017
Propel Friday News Briefing
200 Degrees receives £3m investment to help expand to 25-strong estate and develop wholesale business: Nottingham-based coffee roaster and retailer 200 Degrees has received a £3m investment from Foresight Group. Co-founder Rob Darby tol … view
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Thursday 7th December 2017
Abokado reports profit and Ebitda boost as new sites deliver more than 40% ROI
Abokado reports profit and Ebitda boost as new sites deliver more than 40% ROI: Healthy eating chain Abokado, which is backed by Kings Park Capital, has reported an Ebitda and profit boost with its four latest sites delivering on average a ret … view
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Thursday 7th December 2017
Zizzi reveals new partnership with Sainsbury’s to pilot in-store concession
Zizzi reveals new partnership with Sainsbury’s to pilot in-store concession: Azzurri Group-owned Zizzi has revealed a new partnership with Sainsbury’s to pilot an in-store concession. The company has launched the trial at the supermarket … view
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Thursday 7th December 2017
Electra reveals additional £35m investment in TGI Friday’s, C&C completes Admiral minority stake
Electra reveals additional £35m investment in TGI Friday’s: Electra Partners, the private equity backer of TGI Friday’s, had reported it made an additional £35m investment in the restaurant company for the year ending 30 September 2 … view
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Thursday 7th December 2017
Propel Thursday News Briefing
Number of brands seeking to develop own app rises 400% as diners become savvy over data sharing: The number of hospitality brands seeking to develop their own app has rocketed 400% in the past 12 months, according to the latest Go Technol … view
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Wednesday 6th December 2017
SA Brain begins process of setting up Coffee#1 as standalone business
SA Brain begins process of setting up Coffee#1 as standalone business: Brewer and retailer SA Brain has begun the process of migrating its Coffee#1 business to a standalone structure away from the SA Brain brand and functions, Propel has learn … view
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Wednesday 6th December 2017
Update: Shaftesbury to raise £265m, Hammerson to acquire Intu, Easyhotel results, Deliveroo
Shaftesbury to raise £265m to help fund acquisitions: Shaftesbury, which is landlord to 282 pubs, restaurants and cafes in the West End, is to raise up to £265m through a share placing for projects, which includes acquiring 72 Broadwick … view
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Wednesday 6th December 2017
Propel Wednesday News Briefing
Restaurant Marketer & Innovator Award finalists revealed: Finalists have been announced for Restaurant Marketer & Innovator Awards, the inaugural awards staged by Propel and Think Hospitality to recognise success in marketing and innovati … view
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Tuesday 5th December 2017
Cineworld agrees deal to buy Regal
Cineworld agrees deal to buy Regal: Cineworld has agreed a deal to buy US operator Regal Entertainment Group. Cineworld stated: “Cineworld and Regal Entertainment Group have reached agreement on the terms of a recommended proposal for Cinewo … view
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Tuesday 5th December 2017
Update: Brighton Pier Group acquisition, Vianet results, Marston’s etal
Brighton Pier Group buys Paradise Island Adventure Golf operator for £10.5m: Brighton Pier Group, which has sector investor Luke Johnson as chairman, has entered into a conditional agreement to acquire Lethington Leisure, which owns and … view
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Tuesday 5th December 2017
Propel Tuesday News Briefing
Optimism dips among sector leaders, more than two-thirds increase menu prices as costs soar: Optimism among leaders in the eating and drinking out sectors has been substantially dented since the start of the year, CGA’s latest Business … view
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Tuesday 5th December 2017
Optimism dips among sector leaders, more than two-thirds increase menu prices as costs soar
Optimism dips among sector leaders, more than two-thirds increase menu prices as costs soar: Optimism among leaders in the eating and drinking out sectors has been substantially dented since the start of the year, CGA’s latest Business … view
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Monday 4th December 2017
Update: Boparan makes changes to executive team, Sainsbury’s trials in-store coffee bar
Boparan makes changes to executive team: Boparan Restaurants has made changes to its executive team that will come into force in the coming weeks as it prepares for its next stage of growth. Nick Smith takes up the newly created role of c … view
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Monday 4th December 2017
Update: Laine acquires Distinct Group pub estate, Elegant Hotels ends sale talks
Laine acquires Distinct Group pub estate: Multiple pub operator and brewer The Laine Pub Company, which is backed by Luke Johnson, has acquired the four-strong, leasehold pub estate of the Distinct Group. The acquisition of the Distinct G … view
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Monday 4th December 2017
Propel Monday News Briefing
Post-Brexit price rises for food, drink and holidays among biggest consumer fears, 40% margin between ‘leavers’ and ‘remainers’: Post-Brexit price rises for food, drink and holidays are among the biggest consumer fears for when th … view
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Friday 1st December 2017
Update: SSP, Sticks 'n' Sushi, Tim Hortons et al
SSP to acquire Germany-based travel catering business: Transport hub foodservice specialist SSP has agreed to acquire Stockheim, a travel catering business based in Germany. Stockheim operates 25 food and beverage outlets in airports and … view
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Friday 1st December 2017
Friday Opinion
Subjects: Declining car ownership driving change in the hospitality sector, ideology versus common sense and improving staff engagement
Authors: Glynn Davis, Paul Chase and Martin Dinkele

Declinin … view

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Friday 1st December 2017
Update: Analyst view on M&B and Domino’s
Douglas Jack upgrades M&B forecasts by 4%: Peel Hunt leisure analyst Douglas Jack has upgraded his forecasts on Mitchells & Butlers (M&B) by 4% following the pick-up in like-for-like sales and higher returns on capex. Issuing an ‘Add’ … view
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Friday 1st December 2017
Propel Friday News Briefing
Giraffe paid £9.9m for 30 Ed’s Easy Diner sites, new accounts reveal: Giraffe Concepts paid £9.9m to acquire 30 Ed’s Easy Diner sites in a pre-pack administration agreement, newly filed accounts have revealed. Giraffe reported turno … view
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