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Thursday 31st May 2018
Carluccio’s creditors approve CVA
Carluccio’s creditors approve CVA: Carluccio’s has agreed a Company Voluntary Arrangement (CVA), which will affect up to 30 of its UK restaurants. The proposal is a “landlord only” CVA and was supported by the “vast majority” of it … view
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Thursday 31st May 2018
Propel Thursday News Briefing
Operators urged to have say on draft London Food Strategy: Operators are being urged to have their say on the draft London Food Strategy as mayor Sadiq Khan outlines his vision for “good food” in the capital. Khan has set out his prio … view
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Wednesday 30th May 2018
Time Out lines up Montreal Time Out Market
Time Out lines up Montreal Time Out Market: Time Out Group has entered into a management agreement with global real estate company Ivanhoé Cambridge to open a new Time Out Market in Montreal, Canada. The company stated: “This allows further … view
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Wednesday 30th May 2018
Propel Wednesday News Briefing
Unsecured creditors of Burger King franchisees left £20m out of pocket: Unsecured creditors of two Ipswich-headquartered companies that together operated more than 30 Burger King outlets across the UK will be left out of pocket by almost … view
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Tuesday 29th May 2018
Bridgepoint confirms Pret sale, Upham trading update
Bridgepoint confirms Pret A Manger sale: Bridgepoint has confirmed it is to sell Pret A Manger to JAB, a global investment firm with a proven track record of investing in premium brands. The transaction is expected to be completed during … view
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Tuesday 29th May 2018
Update: Pret A Manger sale, Jamie's Italian, Richoux results
FT – JAB Holdings set to buy Pret A Manger: Luxembourg-based JAB Holdings is set to buy British sandwich chain Pret A Manger for 1.5 billion pounds ($2.0 billion), including debt, from its private equity owners, the Financial Times has … view
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Tuesday 29th May 2018
Propel Tuesday News Briefing
Hotcha director facing bankruptcy petition over £4m owed to business, VAT fraud and money laundering investigation ongoing: James Liang, director of Chinese takeaway franchise Hotcha, is facing a bankruptcy petition over an unpaid overdr … view
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Friday 25th May 2018
Update: YiFang makes UK debut, Notes, Hop Stuff et al
Taiwanese fruit tea concept YiFang launches debut permanent UK site, secures second: Taiwanese fruit tea concept YiFang has launched its first site in the UK and secured a second, both in London. The brand, which also operates a pop-up in … view
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Friday 25th May 2018
Friday Opinion
Subjects: Avoiding menu development mayhem, meet the new power couple, a dawn of new partnerships and health by stealth
Authors: James Hacon, Clive Consterdine and Julian Ross, Ted Schama, and Paul Chase

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Friday 25th May 2018
Propel Friday News Briefing
Dining out still in growth but delivery booming: Consumers are still eating out even though the popularity of delivery is increasing, according to new research by purchase intelligence platform Cardlytics. The study, based on spending ins … view
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Thursday 24th May 2018
Oakman reports like-for-likes up 5.2% since year end, updates on pipeline
Oakman reports like-for-likes up 5.2% since year end, updates on pipeline: Oakman Inns & Restaurants has reported like-for-like sales are up 5.2% in the first seven weeks of the new financial year and updated on its pipeline. The company … view
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Thursday 24th May 2018
Crussh unveils Sodexo partnership to open 35 sites
Crussh unveils Sodexo partnership to open 35 sites: London-based healthy food and juice brand Crussh has announced a landmark franchise deal with the world’s largest services company Sodexo, with a commitment to open at least 35 sites over t … view
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Thursday 24th May 2018
Update: NewRiver acquires Hawthorn Leisure for £106.8m, Young's results, C&C Group, Ei Group, Starbucks
NewRiver acquires Hawthorn Leisure for £106.8m: NewRiver, which owns a portfolio of about 330 pubs, has acquired Hawthorn Leisure from an affiliate of Avenue Capital Group for an enterprise value of £106.8m. This represents a net initia … view
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Thursday 24th May 2018
Propel Thursday News Briefing
Just Eat teams up with Sarah Willingham to launch business booster initiative for restaurant partners: Just Eat has teamed up with investor and former Dragons’ Den star Sarah Willingham to launch a growth initiative for the company’s … view
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Thursday 24th May 2018
Just Eat teams with Sarah Willingham to boost restaurant businesses, NTIA and Culture24 unite
Just Eat teams up with Sarah Willingham to launch business booster initiative for restaurant partners: Just Eat has teamed up with investor and former Dragons’ Den star Sarah Willingham to launch a growth initiative for the company’s … view
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Wednesday 23rd May 2018
Gaucho owner explores sale as it plots CAU cull
Gaucho owner explores sale as it plots CAU cull: Gaucho is exploring a sale of the business as part of a review that includes the closure of its 22-strong CAU brand. Gaucho, which is owned by private equity firm Equistone, is about to initiate … view
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Wednesday 23rd May 2018
Update: The Restaurant Group update, Easyhotel, Costa, Britvic and Brakspear
The Restaurant Group reports like-for-likes down 1.8% in most recent seven weeks: The Restaurant Group has reported an improving sales performance with like-for-likes down 1.8% in the first seven weeks of the Second Quarter. The Restauran … view
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Wednesday 23rd May 2018
Propel Wednesday News Briefing
Casual Dining Group expands hotel franchise portfolio with London Town deal: Casual Dining Group, which operates about 290 mid-market restaurant brands including Cafe Rouge, Bella Italia and Las Iguanas, has signed UK franchise agreements … view
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Tuesday 22nd May 2018
Brunning & Price buys Ribble Valley Inns
Brunning & Price buys Ribble Valley Inns: Brunning & Price, the Restaurant Group’s gastro-pub arm, has bought Ribble Valley Inns, the food-led pub brand of Northcote Leisure Group. The deal consists of The Highwayman, Kirkby Lonsdale; The Cl … view
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Tuesday 22nd May 2018
Shaftesbury – we continue to see healthy trading across over 283 West End pubs, restaurants and cafes
Shaftesbury – we continue to see healthy trading across over 283 West End pubs, restaurants and cafes: West End property landlord Shaftesbury has reported healthy trading across its 14.9 acre property portfolio in the West End. It reported p … view
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Tuesday 22nd May 2018
Propel Tuesday News Briefing
UberEats acquires online restaurant ordering platform OrderTalk: UberEats has completed the acquisition of OrderTalk, the Dallas-based provider of online ordering software and service solutions to UK and US restaurants. OrderTalk’s tech … view
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Monday 21st May 2018
NewRiver confirms in exclusive negotiations to buy Hawthorn Leisure
NewRiver confirms in exclusive negotiations to buy Hawthorn Leisure: NewRiver, which owns 300 pubs, has confirmed it is exclusive talks to buy Hawthorn Leisure, NewRiver stated: “NewRiver notes press comment regarding the potential acqu … view
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Monday 21st May 2018
Propel Monday News Briefing
Various Eateries plans considered approach to Coppa Club expansion as brand’s like-for-likes increase 22%, Strada set for refresh: Various Eateries, which operates the Coppa Club, Strada and 31 Below brands, saw like-for-like sales incr … view
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Friday 18th May 2018
Update: TGI Friday's strike, new Roadchef chief executive, Killer Tomato
TGI Friday’s staff stage first UK strike over tips: Workers at two TGI Friday’s branches have staged the brand’s first strike in the UK. Waiting staff at sites in Milton Keynes and Covent Garden walked out today (Friday, 18 May) in … view
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Friday 18th May 2018
Friday Opinion
Subjects: There must be 50 ways to leave the EU, cutting choice, coffee shops can lead the charge to save our high streets and coping with a crisis 
Authors: Tim Martin, Glynn Davis, Caroline Jameson and Ann Elliott
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Friday 18th May 2018
Propel Friday News Briefing
Easycoffee opening up to 40 sites in next 12 months as it accelerates expansion, all stores profitable at Ebitda level: Easycoffee chief executive Nathan Lowry has told Propel he expects the company to open between 30 and 40 sites in the … view
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Thursday 17th May 2018
Carluccio’s confirms CVA
Carluccio’s confirms CVA: Carluccio’s has confirmed it intends to launch a Company Voluntary Arrangement (CVA), which will affect 34 of its UK restaurants. The proposal is a “landlord only” CVA and creditors will vote on the CVA on Thu … view
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Thursday 17th May 2018
Propel Thursday News Briefing
Carluccio’s CVA imminent: Carluccio’s is on the verge of entering into a Company Voluntary Arrangement (CVA), Propel understands. The majority of Carluccio’s 103 UK restaurants are profitable but a tail of sites – thought to be ab … view
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Thursday 17th May 2018
Carluccio’s CVA imminent
Carluccio’s CVA imminent: Carluccio’s is on the verge of entering into a Company Voluntary Arrangement (CVA), Propel understands. The majority of Carluccio’s 103 UK restaurants are profitable but a tail of sites – thought to be about 3 … view
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Wednesday 16th May 2018
M&B – Miller & Carter, igniting growth, driving digital and remodelling the estate
Phil Urban, chief executive of Mitchells & Butlers (M&B), provides further insight into the company’s strategy and results:

Miller & Carter won’t become ‘monster’ brand: Urban has said Miller & Cart … view
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Wednesday 16th May 2018
Update: M&B, Marston’s results, Dalata and Truman’s
CDG Group – rent to turnover percentages are unsustainable: A very large majority of London hospitality businesses anticipate that they could close or relocate sites, a new study reported in City AM has revealed. Some 90% of restaurateu … view
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Wednesday 16th May 2018
Propel Wednesday News Briefing
Ei Group to concentrate on investing in existing estate rather than acquisitions, unveils tenth managed joint venture: Ei Group chief executive Simon Townsend has told Propel the company plans to concentrate on investing in its existing e … view
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Tuesday 15th May 2018
Update: Ei Group, Patisserie Valerie results
Ei Group reports like-for-like net income up 0.6% in first half: Ei Group, the largest owner and operator of pubs in the UK, has reported like-for-like income was up 0.6% (first-half 2017: up 1.6%) in its 3,856-strong Pub Partnership divi … view
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Tuesday 15th May 2018
Propel Tuesday News Briefing
Home House team to launch Marylebone private members’ club aimed at entrepreneurs, investors and innovators: The team behind London luxury members’ club Home House is to launch a venture in Marylebone aimed at high-growth entrepreneur … view
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Monday 14th May 2018
City Pub Group reports sales up 23% in first 18 weeks
City Pub Group reports sales up 23% in first 18 weeks: The City Pub Group has reported total sales up 23% in the first 18 weeks of its financial year. Ahead of its 2018 AGM, the company stated: “Since listing on AIM late last year, the numbe … view
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Monday 14th May 2018
Propel Monday News Briefing
UK consumer spend on night out rises 6.9%: UK consumer spend on a night out rose 6.9% to £59.40 between February and April compared with the same period last year, according to the latest Deltic Night Index. More than half (56.4%) of UK … view
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Monday 14th May 2018
UK consumer spend on night out rises 6.9%
UK consumer spend on night out rises 6.9%: UK consumer spend on a night out rose 6.9% to £59.40 between February and April compared with the same period last year, according to the latest Deltic Night Index. More than half (56.4%) of UK … view
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Friday 11th May 2018
Friday Opinion
Subjects: Beer lists the weak link in high-end venues, the hammers are out and asking the right questions 
Authors: Glynn Davis, Paul Chase and John Upton

Beer lists the weak link in high-end venu … view

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Friday 11th May 2018
Everards to open distillery and 200-capacity beer hall next to new brewery
Everards to open distillery and 200-capacity beer hall next to new brewery: Leicestershire brewer and retailer Everards has announced plans to build a 200-plus capacity beer hall and start distilling its own gins, vodka, rum and saké at its n … view
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Friday 11th May 2018
Update: Douglas Jack on Marston’s and M&B, Christie Group
Douglas Jack – Marston’s likely to have been held back by the snow: Peel Hunt leisure analyst Douglas Jack has forecast that Marston’s interim results are likely to have been impacted by adverse weather at the start of the year. He … view
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Friday 11th May 2018
Propel Friday News Briefing
Sector like-for-likes drop 1.2% in April: Britain’s managed pub and restaurant groups saw sales slip in April. Latest figures from the Coffer Peach Business Tracker showed collective like-for-likes down 1.2% on the same month last year … view
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Friday 11th May 2018
Sector like-for-likes drop 1.2% in April
Sector like-for-likes drop 1.2% in April: Britain’s managed pub and restaurant groups saw sales slip in April. Latest figures from the Coffer Peach Business Tracker showed collective like-for-likes down 1.2% on the same month last year – w … view
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Thursday 10th May 2018
Gaucho examines options for CAU
Gaucho examines options for CAU: Gaucho is examining options for its Argentinian-inspired restaurant CAU, which could spell the end of the 22-strong brand. The company is looking at a range of options including a Company Voluntary Arrangement … view
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Thursday 10th May 2018
Propel Thursday News Briefing
Tim Martin – ‘I have never used Wetherspoon app and have no intention to’: JD Wetherspoon founder Tim Martin has revealed to Propel he has never used the company’s order and pay app – and has no intention of doing so. The app ha … view
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Wednesday 9th May 2018
Update: JD Wetherspoon, Greggs, AB InBev
JD Wetherspoon reports like-for-like sales up 3.5%: JD Wetherspoon has reported like-for-like sales increased 3.5% for the 13 weeks to 29 April 2018. Total sales increased 2.8%. Year-to-date like-for-like sales have increased 5.2% and tot … view
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Wednesday 9th May 2018
Propel Wednesday News Briefing
US fast casual segment sees single-digit sales growth in 2017, chains to expand into new global markets: The US fast casual segment has rebounded since 2016 but experienced a consecutive year of single-digit sales growth performance in 20 … view
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Tuesday 8th May 2018
Caskade Caterers secures £29.4m for Taco Bell roll-out
Caskade Caterers secures £29.4m for Taco Bell roll-out: Caskade Caterers, the Taco Bell and KFC franchise business, has secured a £29.4m funding package from HSBC to support its ambitious expansion plans. The £13m loan, £10m revolving … view
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Tuesday 8th May 2018
BrewDog appoints chief financial officer
BrewDog appoints chief financial officer: Scottish brewer and retailer BrewDog has appointed Jason Marshall to the newly created role of chief financial officer. Marshall brings a wealth of experience to the role having served in the Coca … view
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Tuesday 8th May 2018
Propel Tuesday News Briefing
Worldpay launches pay-at-table solution as younger diners stress over service delays: Payments processor Worldpay has launched a pay-at-table solution as younger diners become increasingly frustrated by speed of service, especially when w … view
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Monday 7th May 2018
Propel Monday News Briefing
Body Text Here … view
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Friday 4th May 2018
TGI Friday’s staff to stage first UK strike over tips
TGI Friday’s staff to stage first UK strike over tips: Workers at TGI Friday’s are to stage the brand’s first strike in the UK following ballots at two branches. Waiting staff at sites in Milton Keynes and Covent Garden are set to w … view
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Friday 4th May 2018
Friday Opinion
Subjects: Looking to the future, the big transport hub push and developing distinctive brands
Authors: James Hacon, Glynn Davis and Ann Elliott

Looking to the future by James Hacon 

The f … view
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Friday 4th May 2018
Propel Friday News Briefing
Laine owner to roll out business model across additional pubs, open to further sector deals: The new owner of Laine Pub Company plans to take the business model outside Brighton and London through additional investment and acquisitions an … view
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Thursday 3rd May 2018
Update: Whitbread directors’ £12m share bonanza, Starbucks, Subway, Dalata
Whitbread directors get £12m share bonanza: Whitbread directors have been handed more than £12m of shares – as it prepares to demerge its Costa Coffee business. Chief executive Alison Brittain was awarded £2.1m worth of shares under … view
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Thursday 3rd May 2018
Propel Thursday News Briefing
KFC sales in UK down 9% after restaurants shut by delivery saga: Yum! Brands has reported KFC system sales in the UK fell 9% for the first quarter ended 31 March 2018 following the delivery saga that resulted in 750 of its sites bein … view
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Wednesday 2nd May 2018
Update: Bill’s results, Corbin and King to open ninth London site
Bill’s reports turnover and Ebitda boost, averaging 5,000 a week app downloads: Bill’s Restaurants, owned by Richard Caring, has revealed its app is receiving an average 5,000 downloads a week as it reported a turnover and Ebitda boos … view
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Wednesday 2nd May 2018
Propel Wednesday News Briefing
Mother Clucker in funding talks for expansion as it prepares to open debut bricks-and-mortar site: John Upton, chairman of buttermilk-fried chicken specialist Mother Clucker, has told Propel the company is about to “kick-off a fundraisi … view
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Tuesday 1st May 2018
PizzaExpress returns to like-for-like growth in UK and Ireland
PizzaExpress returns to like-for-like growth in UK and Ireland: PizzaExpress saw like-for-like sales growth in the UK and Ireland return to growth as they increased 0.4% in the year ended 31 December 2017 compared with a fall of 0.9% the previ … view
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Tuesday 1st May 2018
Update: McDonald’s boss – UK is on a roll, Just Eat Q1 results
Steve Easterbrook – McDonald’s UK is ‘on a roll’, Grand Mac sales far exceed any other promotion: McDonald’s chief executive Steve Easterbrook has singled out the UK business for particular praise in an analysts’ call. He repo … view
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Tuesday 1st May 2018
Propel Tuesday News Briefing
Adam Marshall secures first site for new street food and karaoke concept, Lords of Poké and Coco di Mama also sign for Paddington Central scheme: Street food and karaoke restaurant Huckster, a new concept from Grand Union co-founder Adam … view
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