McManus Pub Co reports encouraging H1 trading performance: McManus Pub Company has reported an encouraging trading performance in the first 26 weeks of its current financial year, with like-for-like sales holding up well and on par with t … view

Time Out Market to develop transport hub model: Time Out Market has appointed Lagardère Travel Retail as its exclusive partner to support the expansion of its food and cultural market concept to travel hubs. Time Out Market said it is co … view

Another TRG shareholder intends to vote against the company’s remuneration policy: Irenic Capital Management, which claims to be a “substantial shareholder” of The Restaurant Group (TRG), has said it also intends to vote against th … view

Fuller’s to transfer 23 pubs from managed to tenanted: Fuller’s is to transfer 23 of its managed pubs across to its tenanted division, Propel has learned. Propel understands three pubs have already moved and a further 20 will transfer … view

Pret to expand loyalty offer into food: Pret A Manger, the JAB Holdings-backed business, is stepping up its loyalty offer with the launch of Club Pret – expanding its existing coffee subscription to cover all freshly made food, snacks a … view

Pret to expand loyalty offer into food: Pret A Manger, the JAB Holdings-backed business, is stepping up its loyalty offer with the launch of Club Pret – expanding its existing coffee subscription to cover all freshly made food, snacks a … view

Oasis criticises TRG CEO’s ‘disproportionate’ £674,450 base salary: Shareholder Oasis Management has criticised The Restaurant Group (TRG) chief executive Andy Hornby’s “disproportionate” £674,450 base salary as it said the … view

Loungers reports H2 lfl sales growth of 11.8%: Cafe bar operator Loungers has reported growth of 11.8% in one year like-for-like sales for the 28 weeks to 16 April 2023. The company said it continued to deliver industry-leading like-for-l … view

Boo eyes 300 UK sites and overseas expansion as it makes international debut, appoints former Amazon UK project manager as first operations director: Better burger brand Boo has told Propel it is eyeing 300 UK sites and overseas expansion … view

Exclusive – Yard Sale Pizza sees potential to grow into UK-wide business: Yard Sale Pizza, the restaurant and delivery business that includes sector investor Paul Campbell as non-executive director, has told Propel it sees the potentia … view

Prezzo to close 46 sites as part of broader strategic review: Prezzo, the Cain International-backed Italian dining group, has said it will close 46 lossmaking sites, putting around 810 workers at risk of redundancy. The brand said the clo … view

Like-for-like sales see slowest growth so far this year as costs bite: Like-for-like sales at Britain’s leading managed restaurant, pub and bar groups in March were 1.4% ahead of last year’s levels, the new Coffer CGA Business Tracker … view

Parkdean Resorts agrees £600m debt refinancing, to accelerate growth plans: Parkdean Resorts, the UK’s largest holiday park operator, has agreed a £600m refinancing of its senior debt, with funds managed by Ares Management’s Europea … view

Berkeley Inns begins building London presence, eyes six-strong estate: Berkeley Inns, the award-winning Derbyshire gastropub operator, has begun building its estate in London after securing a second site in the capital. The Howard Thacker … view

Deliveroo reports ‘resilient’ first quarter with lfl revenue up 11% and sales up 6% in UK & Ireland, reflecting improved offering to customers: Deliveroo has reported a “resilient” first quarter of 2023, with like-for-like revenue … view

Chaiiwala ‘conservatively’ looking at 500 stores in the UK, turned down offers for the business: Street food cafe franchise Chaiiwala is “conservatively” looking at 500 stores in the UK on top of its current 85-strong estate, incl … view

Exclusive – Camile Thai puts UK restaurant operations into liquidation: Ireland’s leading Thai restaurant brand Camile Thai has failed in its attempts to expand into England and has placed its UK operations into liquidation, Propel ha … view

Peter Drucker (1909-2005) was a legendary management consultant and writer and one of the most widely-known and influential thinkers on management. Today, his w … view

Just Eat Takeaway reports Q1 sales down 6% in UK & Ireland, efforts to improve profitability ‘running ahead of plan’: Just Eat Takeaway has reported first quarter sales down 6% in UK & Ireland, but chief executive Jitse Groen said eff … view

Sixes secures debut US site, looking at 100 sites across the country: Sixes, the cricket-based competitive socialising concept from the founders of Mac & Wild, has secured its debut site in the US, in Dallas. The concept, which has opene … view

City Pub Group Q1 lfls up 13%, company now ‘in the best shape it’s ever been’: City Pub Group, the owner and operator of 43 premium pubs across southern England and Wales, has reported an encouraging trading performance in first thr … view

Afrikana strikes ten-site multi franchise deal with French operator as it targets 20-strong estate by end of 2023: African restaurant concept Afrikana has struck a ten-site multi franchise deal with a French operator as it targets a 20-st … view

Cost of doing business key concern for sector – energy bills up 111% on average: The cost of doing business, with energy bills up 111% on average and employee costs up 13% in 2022, remains the key concern across the hospitality sector, … view

Roberts – maturing UK franchise market provides greater scope for international expansion: The maturing of the UK’s food and beverage franchising market is set to provide greater opportunities for international growth, David Roberts, … view

Chaiiwala has ‘more than 100 partners’ waiting to expand the business in US: Street food cafe franchise Chaiiwala is to make its move into the US and has “more than 100 partners” waiting to expand the brand across the country. Spe … view

On 23 April, we celebrate St George’s Day as usual, but this year brings a twist of something new and unknown. At 3pm, the UK will be the witness to a test of a digital modern-day k … view

Pub menu inflation growing at faster pace than customer expectations: Pub menu inflation is growing at a faster pace than customer price expectations, according to new research. A pub sector menu pricing review from more than 3,000 manage … view

Puccino's looking to expand into new sectors as it seeks to grow to 125 sites by 2028: Travel hub coffee brand Puccino's is looking to expand into new sectors as it seeks to grow to 125 sites by 2028. The company recently opened its 38th … view

Brits cutting back on eating out, only 8% planning to celebrate King's Coronation in pubs and bars: Brits are cutting back on eating out, and only 8% are planning to celebrate the King's Coronation in pubs and bars in May, according to th … view

Exclusive – Tapas Revolution undergoes restructure: Spanish Restaurant Group, the owner of the Tapas Revolution brand, has finalised a restructuring and has been acquired by Tapas Bidco, a new vehicle led and owned by the brand’s form … view

Fulham Shore shares climb 30% after agreeing takeover, ‘vote of confidence in restaurant segment’: Shares in Fulham Shore, the Franco Manca and The Real Greek operator, climbed 30% in afternoon trading to 13.90p, after the business ag … view

Morley’s chicken shop reaches 100-site landmark as it looks to ramp up expansion through franchising and eyes possible global growth: Morley’s chicken shop has reached the 100-site landmark as it looks to ramp up its expansion through … view

Exclusive – St Austell Brewery enters exclusive venture with directors of London’s ETM Group: South west brewer and pub company St Austell Brewery has entered into a joint venture with the directors of ETM Group, Propel has learned.� … view

Prezzo returns to profitability following strong second half performance ahead of pre-pandemic levels: Prezzo, the Cain International-backed Italian dining group, has returned to profitability following a strong second half performance ah … view

Cineworld ends sales process for UK and US businesses as it enters into restructuring agreement: Cineworld has ended the sales process for its UK and Ireland and US divisions as it announced it has entered into a restructuring support ag … view

Roxy Leisure plans six sites over next two years for new family bowling concept and ‘no limit thereafter’, new smaller venue concept in pipeline: Roxy Leisure, the operator of the Roxy Lanes and Roxy Ball Room concepts, has told Prope … view

Oakman back to strong growth but ‘converting sales to level of profit planned much more difficult’, two new sites to open this summer: Oakman Group said it has returned to strong growth in recent days following a weather-affected Febr … view