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Sunday 30th September 2018
Five Guys secures £100m banking facility to support expansion in Britain, full-year UK turnover increases 42% to £122m
Five Guys secures £100m banking facility to support expansion in Britain, full-year UK turnover increases 42% to £122m: Better burger brand Five Guys has reported it has secured a £100m banking facility to support its expansion plans in the … view
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Friday 28th September 2018
Michelin unveils Bib Gourmand winners
Michelin unveils Bib Gourmand winners: Michelin has revealed the name of restaurants and pubs that have been awarded Bib Gourmands, its second-tier award, ahead of the announcement of full Michelin star awards on Monday (1 October). There … view
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Friday 28th September 2018
Friday Opinion
Subjects: Michelin-starred street food, potatoes never let you down, leadership mentoring, the migration conundrum and cask by numbers
Authors: James Hacon, Glynn Davis, Ann Elliott, Brigid Simmonds and Paul Nunny
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Friday 28th September 2018
Update: Richoux, Jamie Oliver, Applegreen and Shaftesbury
Richoux Group reports sales drop but reduces losses: Richoux Group, the owner and operator of Richoux, Friendly Phil’s, Villagio and The Broadwick restaurants, has reported revenues of £5m for the 26 week period to 1 July 2018, 10.3% l … view
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Friday 28th September 2018
Propel Friday News Briefing
Food and drink sector faces £9.3bn tariffs on EU products under no-deal Brexit: The food and drink sector could face additional tariffs totalling £9.3bn per year for products imported from the EU if a Brexit settlement isn’t reached, … view
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Thursday 27th September 2018
Chapel Down plan experiential ginnery in King's Cross, M&B sales strengthen
Chapel Down plans experiential bar, restaurant and ginnery in King’s Cross: Chapel Down Group has exchanged on an agreement to lease a 5,000 square foot site in King’s Cross by the Regent’s Canal where it will be opening the “Chap … view
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Thursday 27th September 2018
Propel Thursday News Briefing
Pret reports turnover boost in US business but sees Ebitda hit after 'notable challenges', pre-tax losses rise to £24m: Pret A Manger has reported a turnover boost in its US business but saw underlying Ebitda hit by a more competitive ma … view
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Wednesday 26th September 2018
Update: Shepherd Neame and St Austell results, Leon, SSP
Shepherd Neame reports turnover and profit up: Shepherd Neame, Britain’s oldest brewer and owner and operator of 321 pubs in Kent and the South East (68 managed, 242 tenanted and 11 commercial free of tie leases), has reported turnover … view
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Wednesday 26th September 2018
Propel Wednesday News Briefing
People and Training Conference opens for bookings: The British Institute of Innkeeping (BII) has launched this year’s People and Training Conference, which will showcase outstanding people culture among companies in the sector. The even … view
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Tuesday 25th September 2018
Hard Rock Cafe UK reports £30,000-a-week merchandise boost from weak pound
Hard Rock Cafe UK reports £30,000-a-week merchandise boost from weak pound: Hard Rock Cafe UK has reported a turnover and pre-tax profit boost with the weakening of the pound following the Brexit vote driving a record number of internati … view
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Tuesday 25th September 2018
Update: Luke Johnson to increase stake in Brighton Pier Group, Time Out et al
Brighton Pier Group reports progress with evolution of business, Luke Johnson to increase shareholding to 27%: The Brighton Pier Group, which owns and trades Brighton Palace Pier, as well as twelve premium bars nationwide including two p … view
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Tuesday 25th September 2018
Propel Tuesday News Briefing
Boxpark unveils seven new operators for Wembley site and opening date: Boxpark has unveiled the latest operators for its new site in Wembley and its opening date – Saturday, 1 December. The venue – Boxpark’s largest to date and part … view
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Monday 24th September 2018
West Berkshire Brewery reports increased losses but expects to be profitable by end of this month
West Berkshire Brewery reports increased losses but expects to be profitable by end of this month: West Berkshire Brewery, which has raised more than £10m in its latest Enterprise Investment Scheme (EIS) fund-raise, has revealed increased los … view
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Monday 24th September 2018
Propel Monday News Briefing
Greggs getting there with changing ‘greasy bakery’ perceptions but still a ‘long way to go’: Greggs head of category David Ross has said the company is “getting there” with changing customers’ perceptions of the brand but ad … view
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Monday 24th September 2018
Shepherd Neame adds three pubs to London estate
Shepherd Neame adds three pubs to London estate: Kent-based brewer and retailer Shepherd Neame has acquired three more pubs in the heart of London – the Samuel Pepys, the Savoy Tap and the Cheshire Cheese. Chief executive Jonathan Neame … view
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Saturday 22nd September 2018
Alan Yau’s Babaji Pide closes
Alan Yau’s Babaji Pide closes: Babaji Pide, the Turkish restaurant in London’s Shaftesbury Avenue that was set up by Wagamama founder Alan Yau, has closed. The restaurant’s website reports it is “closed until further notice due to a te … view
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Friday 21st September 2018
Friday Opinion
Subjects: Avoiding commoditisation, beyond the call of duty, sunny side up and copyright protection racket
Authors: James Hacon, Glynn Davis, Shourav Sen and Paul Chase

Avoiding commoditisation by … view

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Friday 21st September 2018
Update: Tasty declares £11.2m impairment charge, plus Uber Eats and McDonald’s
Tasty declares £10.6m loss after £11.2m impairment charge: Wildwood operator Tasty has reported sales down 5.7% to £23m for the 26 weeks ended 1 July 2018. It has made an impairment charge of £11.2m and onerous lease provision of £1. … view
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Friday 21st September 2018
Propel Friday News Briefing
City Pub Group to hit estate size target more than a year early: City Pub Group, led by Clive Watson, now expects the company to hit its estate size target of between 60 to 70 sites more than a year earlier than the target of 2021 it set … view
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Thursday 20th September 2018
Administrators reveal extent of CAU’s troubles as Gaucho left with estimated total deficiency of almost £65m
Administrators reveal extent of CAU’s troubles as Gaucho left with estimated total deficiency of almost £65m: Administrators have revealed the extent of CAU’s troubles, which have led to parent company Gaucho being left with an estim … view
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Thursday 20th September 2018
Update: City Pub Group and Diageo
City Pub Group reports sales and profit growth in First Half: The City Pub Group, which operates 42 predominantly wet-led pubs, has reported sales rose 24% to £20.0 million (2017: £16.1 million) in the 26 weeks to 1 July 2018. Adjusted … view
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Thursday 20th September 2018
Propel Thursday News Briefing
Carlsberg executive – craft beer market should take note of the cocktail renaissance: The renaissance of cocktails offers some key lessons to the craft beer market, a senior Carlsberg executive has told Propel. Paul Davies, Carlsbe … view
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Wednesday 19th September 2018
Update: Comptoir Group, NewRiver and cashless pub
Comptoir Group reports strong First Half: Comptoir Group has reported group revenue of £15.7m up by 19.8% (H1 2017: £13.1m) in the half year to 30 June 2018. Gross profit of £11.3m was up by 19.0% (H1 2017: £9.5m). Adjusted Ebitda bef … view
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Wednesday 19th September 2018
Propel Wednesday News Briefing
Brexit anxiety hitting confidence of industry bosses: Concerns over the impact of Brexit is driving a fall in confidence among the leaders of Britain’s eating and drinking-out sector, the latest CGA Fourth Business Confidence Survey has … view
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Wednesday 19th September 2018
Brexit anxiety hitting confidence of bosses
Brexit anxiety hitting confidence of industry bosses: Concerns over the impact of Brexit is driving a fall in confidence among the leaders of Britain’s eating and drinking-out sector, the latest CGA Fourth Business Confidence Survey has reve … view
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Tuesday 18th September 2018
Update: Escape Hunt and Domino’s Pizza Poland
Escape Hunt reports minus Ebitda in its First Half: Escape Hunt, the escape rooms company, has reported revenue of £800,000 and adjusted Ebitda of minus £1,375,000 for the half year ending 30 June 2018. Escape Hunt’s first three UK ow … view
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Tuesday 18th September 2018
Propel Tuesday News Briefing
Propel launches Immersive Experiences Conference, open for bookings: Propel and Think Hospitality are launching the Immersive Experiences Conference, designed to bring together the community of operators, landlords and investors in the UK … view
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Tuesday 18th September 2018
Greene King appoints new Pub Partners managing director, Fourth acquires US business
Greene King appoints new Pub Partners managing director: Brewer and retailer Greene King has appointed former Pizza Hut chief customer officer Wayne Shurvinton as managing director of its Pub Partners division. He will replace John Forres … view
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Monday 17th September 2018
Stonegate reports like-for-likes up 19.2% during the World Cup
Stonegate reports like-for-likes up 19.2% during the World Cup: Stonegate Pub Company, which operate 691 pubs, has reported sales, margin and profit in the 40 weeks to 1 July 2018 – like-for-like sales growth hit 19.2% during the World … view
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Monday 17th September 2018
Propel Monday News Briefing
Britain’s eating-out market sees like-for-likes rise 0.6% in August: Britain’s managed pub and restaurant groups saw collective like-for-like sales edge up 0.6% in August, the latest Coffer Peach Business Tracker has revealed, with mo … view
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Monday 17th September 2018
Update: Coffer Peach Tracker, Deltic Night Index, Giraffe and Ed's Easy Diner launch retail range
Britain’s eating-out market sees like-for-likes rise 0.6% in August: Britain’s managed pub and restaurant groups saw collective like-for-like sales edge up 0.6% in August, the latest Coffer Peach Business Tracker has revealed, with mo … view
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Friday 14th September 2018
JD Wetherspoon: Prices, pizza, product swaps, social media and strikes
JD Wetherspoon: Prices, pizza, product swaps, social media and strikes

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

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Friday 14th September 2018
Friday Opinion
Subjects: Step up to the (reusable) plate, getting delivery right, hospitality needs government support and five key principles to drive NPS growth
Authors: Glynn Davis, Ann Elliott, Kate Nicholls and Ed Pyke
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Friday 14th September 2018
KFC reports big profit boost in the UK after refranchising push
KFC reports big profit boost in the UK after refranchising push: KFC has reported its UK business saw pre-tax profit of £186.1m in the year to 24 December 2017 (compared to £58.9m the year before) after it refranchised 133 stores and r … view
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Friday 14th September 2018
Wetherspoon reports like-for-likes up 5%, to invest £27m in increased pay in November
Wetherspoon reports like-for-likes up 5%, to invest £27m in increased pay in November: JD Wetherspoon has reported sales up 2% to £1,693.8m in the 52 weeks ended 29 July, with like-for-like sales up 5%. Profit before tax was up, after except … view
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Friday 14th September 2018
Propel Friday News Briefing
Center Parcs reports Ebitda boost as turnover nears £470m: Holiday park operator Center Parcs has reported an Ebitda boost as revenue soared to almost £470m. The company, which operates self-catering cottages and lodges in forest settin … view
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Thursday 13th September 2018
Propel Thursday News Briefing
Kerb to leave Camden Market: Street food business Kerb is to leave Camden Market. The company stated: “After two fantastic years we will be leaving Camden Market West Yard as of 1 October. We have loved our time at Camden and are proud … view
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Wednesday 12th September 2018
Wetherspoon to swap out more EU drinks products this month ahead of Brexit
Wetherspoon to swap out more EU drinks products this month ahead of Brexit: JD Wetherspoon is to increase its range of drinks from UK and non-EU producers across its 880 pubs from Wednesday 26 September in the run up to Brexit. And it say … view
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Wednesday 12th September 2018
Propel Wednesday News Briefing
UKHospitality unveils best UK bar and nightclub operators: UKHospitality has unveiled the shortlisted nominees for the 2018 Dusk ‘til Dawn Late Night Awards, which recognises the best UK bar and nightclub operators. The nominees across … view
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Tuesday 11th September 2018
Propel Tuesday News Briefing
Licensed premises closing at almost double the rate they were three months ago, all regions see decline: Licensed premises in Britain are closing at almost double the rate they were three months ago, according to the latest edition of th … view
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Tuesday 11th September 2018
Licensed premises closing at almost double the rate they were three months ago
Licensed premises closing at almost double the rate they were three months ago, all regions see decline: Licensed premises in Britain are closing at almost double the rate they were three months ago, according to the latest edition of the Mark … view
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Monday 10th September 2018
Update: Coaching Inn Group, York Brewery, LondonMetric
Coaching Inn Group reports turnover and profit boost: Coaching Inn Group , which has 431 bedrooms across 15 venues in market towns located in England and Wales, has reported a 39.1% rise in group Ebitda to £2.1 million from turnover up 1 … view
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Monday 10th September 2018
Propel Monday News Briefing
Food delivery on the rise but not dampening appetite for eating out: Food delivery is on the rise – but it is not dampening the appetite for eating out, according to new research. Analysis for Deliveroo by consumer insights firm Morar H … view
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Monday 10th September 2018
Delivery on the rise but not dampening appetite for eating out, sector launches nine-point plan to safeguard industry
Food delivery on the rise but not dampening appetite for eating out: Food delivery is on the rise – but it is not dampening the appetite for eating out, according to new research. Analysis for Deliveroo by consumer insights firm Morar H … view
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Friday 7th September 2018
Revolution confirms talks to buy Deltic
Revolution confirms preliminary talks to buy Deltic: Revolution Bars Group, operator of 74 premium bars trading under the Revolution and Revolución de Cuba brands, has confirmed it is in early stage talks to acquire The Deltic Group. Revoluti … view
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Friday 7th September 2018
Friday Opinion
Subjects: Calorie counts on menus won’t tackle the obesity crisis, staying relevant and the big alcohol conspiracy theory
Authors: Peter Borg-Neal, Glynn Davis and Paul Chase

Calorie counts on me … view

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Friday 7th September 2018
Update: Greene King Q1, The Lakes Distillery IPO, Whitbread
Greene King reports LfLs up 3.2% in most recent ten weeks: Greene King has reported like-for-like sales growth up 3.2% in the ten weeks to 2 September. The company stated: “The positive momentum in (managed) Pub Company continued throug … view
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Friday 7th September 2018
Propel Friday News Briefing
Cote topco reports £92.9m of losses following asset write-downs: The topco above French brasserie brand Cote, which is reported to be seeking a merger partner, had a pre-tax loss of £93.2m last year, mostly because of asset write-downs. … view
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Thursday 6th September 2018
Ei Group reports managed like-for-likes up 6.6%, launches £150m bond
Ei Group reports managed like-for-likes up 6.6%, extends banking facility, launches £150m unsecured bond offering: Ei Group has reported managed like-for-like sales are up 6.6% for the 47 weeks to 25 August 2018 and revealed it has extended i … view
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Thursday 6th September 2018
Update: Wagamama, Grind and Easyhotel
Wagamama joins Deliveroo Editions: Residents in Battersea and Clapham can have their favourite Wagamama dishes delivered to their door after the company joined Deliveroo Editions. From this week, Deliveroo customers will be able to order … view
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Thursday 6th September 2018
Update: Marston’s new chairman, Chapel Down expands
Marston’s names William Rucker as new chairman: Marston’s has announced the appointment of William Rucker as chairman with effect from 1 October 2018. William Rucker is chief executive of Lazard in the UK, the NYSE-listed investment b … view
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Thursday 6th September 2018
Propel Thursday News Briefing
Rise of restaurants charging up front among trends highlighted by Good Food Guide as Outlaw tops list for second year running: The rise of restaurants charging up front and vegetarian and vegan menus has been highlighted in the Good … view
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Thursday 6th September 2018
Good Food Guide highlights rise in upfront charging, Sticks 'n' Sushi to open biggest site
Rise of restaurants charging up front among trends highlighted by Good Food Guide as Outlaw tops list for second year running: The rise of restaurants charging up front and vegetarian and vegan menus has been highlighted in the Good Food Guide … view
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Wednesday 5th September 2018
Investec and SC Lowry to acquire Gaucho, Meakin confirms departure
Investec and SC Lowy to acquire Gaucho, Meakin confirms departure: Gaucho is to be bought out of administration by a new vehicle created and owned by the company’s lenders, Investec, and Hong Kong-based banking group SC Lowy. Administrator D … view
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Wednesday 5th September 2018
Update: Fuller’s, The Restaurant Group, Starbucks
Fuller’s finance director steps down: Fuller, Smith & Turner, the London brewer and premium pub company, has announced that James Douglas has decided to step down from his position as finance director and will retire from the board in D … view
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Wednesday 5th September 2018
Propel Wednesday News Briefing
Ei Group unveils 11th managed JV, with Urban Pubs & Bars: Ei Managed Investments, the Ei Group business that invests alongside industry-leading managed house operators, has launched its 11th venture – Urban Pubs and Bars Two, a partners … view
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Wednesday 5th September 2018
Ei Group unveils 11th managed JV, with Urban Pubs and Bars
Ei Group unveils 11th managed JV, with Urban Pubs and Bars: Ei Managed Investments, the Ei Group business that invests alongside industry-leading managed house operators, has launched its 11th venture – Urban Pubs and Bars Two, a partnership … view
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Tuesday 4th September 2018
Pret A Manger reports like-for-likes up 3.2% as revenue grows 13.2%
Pret A Manger reports like-for-likes up 3.2% as revenue grows 13.2%: Pret A Manger, bought by JAB Holdings earlier this year for £1.5bn, has reported sales increased 13.2% to £878.5m for the year ending 28 December 2017, compared with … view
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Tuesday 4th September 2018
Casual dining continues to grow despite reported woes
Casual dining continues to grow despite reported woes, spending rises four times faster than overall market: Casual dining is still continuing to grow in Britain despite a number of high-profile closures and company restructures, accordin … view
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Tuesday 4th September 2018
Propel Tuesday News Briefing
Jamie Rollo – Premier Inn's integrated model could complicate potential separation from restaurant business: Morgan Stanley leisure analyst Jamie Rollo has said a potential separation by Whitbread of Premier Inn from the restaurant busi … view
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Monday 3rd September 2018
Propel Monday News Briefing
Barrel and Stone raises £1m to expand offer across F&B sector, post-money valuation of £17.25m for company: Barrel and Stone, the plug-in, high-quality pizza solution, has raised £1m as it looks to expand its offer across the food and … view
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