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Tuesday 31st December 2019
Update: UKHospitality on wage increases, Chilango, Pieminister and Arkell's results
Wage increases must be mitigated by business tax cuts, says UKHospitality: UKHospitality has urged the government to cut business taxes to support higher wages. The government has announced it will adopt the Low Pay Commission's (LPC) rec … view
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Monday 30th December 2019
Burger King UK acquires 34-strong Kout Food Group BK estate
Burger King UK acquires 34-strong Kout Food Group BK estate: BK UK Group, the master franchisee for Burger King in the UK, has further strengthened its company-owned restaurant estate with the acquisition of 34 sites from Kout Food Group … view
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Friday 27th December 2019
CMA launches in-depth investigation into Amazon’s investment in Deliveroo
CMA launches in-depth investigation into Amazon’s investment in Deliveroo: The Competition and Markets Authority (CMA) has launched an in-depth investigation into Amazon's investment in Deliveroo after the two companies decided against … view
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Tuesday 24th December 2019
Propel Tuesday News Briefing
This is the last Propel newsletter of 2019. We would like to take this opportunity to wish our readers a Merry Christmas and a prosperous new year

Story of the Day:

Lion Capital sells circa 10% stake in … view
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Monday 23rd December 2019
Propel Monday News Briefing
Giggling Squid continuing to see growth ‘across the board’ as it reports full-year turnover and Ebitda boost: Andy Laurillard, co-founder of Thai restaurant brand Giggling Squid, has told Propel the company has continued to see growth … view
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Friday 20th December 2019
Just Eat board rejects final Prosus offer in favour of Takeaway.com merger
Just Eat board rejects final Prosus offer in favour of Takeaway.com merger: The board of Just Eat has backed a final offer from Takeaway.com and rejected a rival cash bid from Prosus as the battle for the delivery food company nears its end. T … view
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Friday 20th December 2019
Friday Opinion
Subjects: What a year, past glories, how to win, and more than face value
Authors: Kate Nicholls, Glynn Davis, Ann Elliott and Nicole Goodwin 

What a year by Kate Nicholls

What a year it … view
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Friday 20th December 2019
Propel Friday News Briefing
Experiential leisure at all-time high, rooftop venues on the rise: Prospects for the UK’s leisure industry are positive as consumer confidence soars to its highest level in a decade, according to a new report from CBRE. The report state … view
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Thursday 19th December 2019
Takeaway.com and Prosus table new and final Just Eat offers
Takeaway.com and Prosus table new and final Just Eat offers: The two companies bidding to buy Just Eat have tabled new and final offers. Dutch delivery firm Takeaway.com increased its bid on Thursday (19 December) minutes after Prosus improve … view
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Thursday 19th December 2019
Propel Thursday News Briefing
Prospect Pubs & Bars reveals expansion plans as it unveils rooms at debut site: Prospect Pubs & Bars, led by Dan Shotton and Mark Draper, has revealed plans to add two or three sites annually to its portfolio in the next five years. The a … view
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Wednesday 18th December 2019
Propel Wednesday News Briefing
Late-night leisure spend rises 3.9%, more growth on horizon as ‘Brexit fog lifts’: Consumers are spending an average of £69.64 on a night out, a 3.9% rise from £67.05 a year ago, according to the latest Deltic Night Index. As well a … view
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Wednesday 18th December 2019
Late-night leisure spend rises 3.9%, more growth on horizon as ‘Brexit fog lifts’
Late-night leisure spend rises 3.9%, more growth on horizon as ‘Brexit fog lifts’: Consumers are spending an average of £69.64 on a night out, a 3.9% rise from £67.05 a year ago, according to the latest Deltic Night Index. As well as spe … view
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Tuesday 17th December 2019
Propel Tuesday News Briefing
Number of emerging restaurant brands grows for first time in three years indicating ‘first signs of recovery’: The number of emerging high-street restaurant brands has grown 3.8% in the past six months following three years of decline … view
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Monday 16th December 2019
Update: Fulham Shore results, Cineworld acquisition
Fulham Shore reports revenue up 9.3% in first half: Franco Manca and The Real Greek operator Fulham Shore has reported turnover for the six months ended 29 September 2019 rose 9.3% to £36.0m, compared with £33.0m the year before. The c … view
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Monday 16th December 2019
Propel Monday News Briefing
BabaBoom breaks £650,000 fund-raise mark, Keith Bird latest industry investor: Fledgling kebab restaurant concept BabaBoom has broken through the £650,000 mark in its fund-raise on crowdfunding platform Seedrs – 162% of its original … view
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Friday 13th December 2019
Exclusive: Caffe Nero full-year like-for-likes up 3.1%, paid almost £30m for Coffee#1 stake
Exclusive – Caffe Nero full-year like-for-likes up 3.1%, paid almost £30m for Coffee#1 stake, plans 80 openings worldwide: Caffe Nero Group paid almost £30m to acquire a majority stake in Coffee#1 in February from Welsh brewer and retailer … view
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Friday 13th December 2019
Friday Opinion
Subjects: Home cooking, the smart way to drive January footfall, and keeping it safe 
Authors: Glynn Davis, Sally Whelan and Malcolm Muir

Home cooking by Glynn Davis

Years ago I commissio … view
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Friday 13th December 2019
Update: Impact of election result on sector, Hollywood Bowl
Morgan Stanley – election result will have ‘mixed impact’ on pubs and is ‘good news’ for Whitbread: Analysts at Morgan Stanley have said the general election result will have a “mixed impact” for pubs and is “good news” … view
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Friday 13th December 2019
Propel Friday News Briefing
Fuller’s focusing on ‘getting business in top shape’ rather than acquisitions, first Bel & the Dragon conversion under way: Simon Emeny, chief executive of premium pubs and hotels business Fuller’s, has told Propel his focus in th … view
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Thursday 12th December 2019
Fuller’s, TGI Friday’s and PizzaExpress
Fuller’s reports good progress in transformational year: Fuller’s has reported revenue was up 6% to £174.8m in the 26 weeks ended 28 September. Adjusted profit was level at £17.9m. The company reported a ‘good performance’ from … view
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Thursday 12th December 2019
Propel Thursday News Briefing
Rum Kitchen eyes further growth after securing former Byron site in Shoreditch: Rum Kitchen, the Caribbean-inspired restaurant and bar concept, is returning to the expansion trail after securing a site in Shoreditch, east London, Propel h … view
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Wednesday 11th December 2019
CMA – Amazon’s investment in Deliveroo raises ‘serious competition concerns’
CMA – Amazon’s investment in Deliveroo raises ‘serious competition concerns’: Amazon’s purchase of a stake in online food delivery group Deliveroo has raised “serious competition concerns” that may require an in-depth investigati … view
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Wednesday 11th December 2019
Chilango reveals details of CVA proposal
Chilango reveals details of CVA proposal: Bond holders in Chilango have been offered the choice to transfer their investments into shares in the company, or to cash out their investments at a rate of 10p per pound, as part of the burrito conce … view
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Wednesday 11th December 2019
Propel Wednesday News Briefing
England leads the way as number of UK pubs rises for first time in a decade: The UK’s pub industry is reversing a decade of decline with a net growth of 320 pubs and bars, according to a new report by startup digital growth service Stam … view
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Wednesday 11th December 2019
England leads the way as number of UK pubs rises for first time in a decade
England leads the way as number of UK pubs rises for first time in a decade: The UK’s pub industry is reversing a decade of decline with a net growth of 320 pubs and bars, according to a new report by startup digital growth service Stampede. … view
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Tuesday 10th December 2019
NPD Group reveals five eating-out trends for 2020
NPD Group reveals five eating-out trends for 2020: Insights firm The NPD Group has revealed five trends that could shape Britain’s £57bn out-of-home (OOH) foodservice industry in 2020.

Sustainable foodservic … view
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Tuesday 10th December 2019
Update: Just Eat and Domino’s Pizza UK
Just Eat board recommends rejected of Prosus 740p per share offer: The board of Just Eat has rejected a revised offer of 740p per share from Prosus. It stated: “(The board) continues to believe that it significantly undervalues Just Eat … view
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Tuesday 10th December 2019
Propel Tuesday News Briefing
TGI Friday’s UK continues to reshape management team: TGI Friday’s UK, the Robert Cook-led business, has continued to reshape its management team by appointing a chief marketing officer and people and culture director, Propel has lea … view
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Monday 9th December 2019
Propel Monday News Briefing
Pubs and restaurants feel pressure on eating-out spend as sector like-for-likes edge up 0.5%: Britain’s managed pub and restaurant groups saw like-for-like sales edge up 0.5% in November compared with last year, according to the latest … view
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Monday 9th December 2019
Pubs and restaurants feel pressure on eating-out spend as sector like-for-likes edge up 0.5%
Pubs and restaurants feel pressure on eating-out spend as sector like-for-likes edge up 0.5%: Britain’s managed pub and restaurant groups saw like-for-like sales edge up 0.5% in November compared with last year, according to the latest Coffe … view
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Friday 6th December 2019
PizzaExpress owner buys back £72m of debt
PizzaExpress owner buys back £72m of debt: Hony Capital, the China-based owner of PizzaExpress, has bought back £72m of the company’s debt. Hony has acquired £71.9m of unsecured bonds at a price of 40p in the pound. The move comes as Pizz … view
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Friday 6th December 2019
Friday Opinion
Subjects: Unleashing the sector’s potential, one step at a time, it’s tradition, temperance in disguise, and retaining the best staff
Authors: Kate Nicholls, Ann Elliott, Glynn Davis, Paul Chase and Carlo Platia
view
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Friday 6th December 2019
CMA to clear £3bn Stonegate and Ei Group deal if local concerns overcome
CMA to clear £3bn Stonegate and Ei Group deal if local concerns overcome: Stonegate Pub Company’s proposed £3bn acquisition of Ei Group does not raise UK-wide competition concerns but “could damage competition in 51 local areas”, the C … view
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Friday 6th December 2019
Propel Friday News Briefing
Stonegate puts circa 40 sites on market to address competition concerns surrounding Ei Group deal: Stonegate Pub Company is to bring circa 40 sites to market to address competition concerns surrounding its proposed £3bn acquisition of Ei … view
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Thursday 5th December 2019
Bread Holdings' full-year turnover passes £100m as Gail's revenue increases 23%
Bread Holdings' full-year turnover passes £100m as Gail's revenue increases 23%: Full-year turnover at Bread Holdings, the parent company of Gail's Bakery, has passed the £100m mark as the company saw a boost in Ebitda and pre-tax profit. Re … view
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Thursday 5th December 2019
Propel Thursday News Briefing
Robinsons acquires Individual Inns: North west brewer and retailer Robinsons has acquired six-strong managed pub operator Individual Inns for an undisclosed sum, Propel has learned. The deal sees Robinsons grow its managed division to 20 … view
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Wednesday 4th December 2019
Loungers reports sales and Ebitda growth in H1
Loungers reports sales and Ebitda growth in H1: Loungers has reported sales increased 22.0% to £79.8m (2019: £65.4m) in the 24 weeks to 6 October, with like-for-like sales growth of 5.4%. Adjusted Ebitda of £14.7m, up 25.6% (2019: £11 … view
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Wednesday 4th December 2019
Propel Wednesday News Briefing
Magic discount number is 30% to drive footfall in January: The magic number is 30% when it comes to using discount to drive diners through the door in January, according to new research by guest experience management expert HGEM. The surv … view
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Tuesday 3rd December 2019
NewRiver buys Bravo Inns for £17.9m
NewRiver buys Bravo Inns for £17.9m: NewRiver has bought community pub company Bravo Inns for £17.9 million, representing an Ebitda multiple of 6.8x. The transaction is expected to generate annualised outlet Ebitda of £2.6 million, equ … view
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Tuesday 3rd December 2019
Propel Tuesday News Briefing
Big Mamma Group eyes Canary Wharf for food market concept: Big Mamma Group, operator of restaurants Gloria and Circolo Popolare, has lined up an opening in Canary Wharf for a food market concept, Propel understands. The French group is cl … view
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Monday 2nd December 2019
Update: Wadworth, Las Iguanas, PPHE Hotel Group
Wadworth to build new brewery: Wadworth, the family brewer and regional pub operator, has announced that it intends to build a new brewery. Seeking to build on the brewing legacy that the firm established in 1875, Wadworth is looking to t … view
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Monday 2nd December 2019
Propel Monday News Briefing
Oakman Inns to embark on £12m fund-raise to underpin further growth: Oakman Inns and Restaurants, the Peter Borg-Neal-led group, is set to embark on a new round of fund-raising, with a target of between £10m to £12m, as it looks to fur … view
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