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Morning Briefing for pub, restaurant and food wervice operators

Fri 15th Aug 2014 - Propel Friday News Briefing

Story of the Day:

Ippudo to make European debut in London: Japanese ramen specialist Ippudo, founded in Japan in 1985 and now with circa 100 sites worldwide, is to open its flagship European restaurant in London this September. Located in Central St Giles, Ippudo will offer Londoners many of the same signature dishes that has seen it become one of the most popular ramen restaurants in Japan. It also sites in Sydney, Singapore, Hong Kong and Manhattan, where New Yorkers regularly queue around the block for a table. Ippudo will bring an authentic menu of Hakata-style (tonkotsu pork broth base) ramen to the capital. Signature dishes will include the Shiromaru Classic, a traditional white pork-based broth ramen and Akamaru Modern, a bolder, richer tasting broth seasoned with garlic oil and Ippudo’s secret miso paste (Umami-dama). Both varieties include freshly-made noodles (made in house daily by Ippudo) that are topped with roast pork, bean sprouts, and spring onions. Vegetarian versions of both the Shiromaru and Akamaru will also be available, made from a rich seaweed and mushroom broth topped with noodles, fried tofu and bean sprouts. A no reservations policy will operate in the 80-cover restaurant, split over a ground floor and mezzanine level, as well as outdoor space for al-fresco dining in the summer. Open with a full ramen menu and side dishes such as pork Hirata buns from mid-September, Ippudo will then offer an expanded menu from 1 October, including dishes exclusive to the UK that marry Japanese flavours with British produce such as Ippudo’s Japanese-style fish and chips. The London opening comes six years after the brand first ventured overseas to open in New York. “Ippudo” in direct translation means “one wind hall” and refer to its plan, on being founded, to bring a “fresh air approach” to the standard ramen offering.

Industry News:

Shake Shack – we were wrong to ditch crinkle cut chips: Shake Shack chief executive Randy Garutti has admitted that the brand, which opened in Covent Garden a year ago, was wrong to ditch frozen crinkle cut chips in the US in favour of fresh ones. In an open letter to customers on the company’s website, Garutti stated: “We converted kitchens, added and retrained team members, and successfully launched our hand-cut fries. Still, we weren’t satisfied and neither were the overwhelming majority of our fans. No matter how hard we tried, inconsistency remained and we found ourselves unable, 100% of the time, to deliver what our guests loved most about our crinkle cuts. We didn’t fully appreciate the simple, tactile pleasure and the emotional attachment our fans have to the crispiness, the ridges and pure joy that these fries bring to guests of all ages. Even fans that genuinely appreciated what we were trying to do continued to remind us that they just wanted the crinkle cuts back. We’re thrilled to announce that in November, crinkles will be back. And better yet, we’re keeping our promise to ‘Stand For Something Good’ – your favourite fry will now be free from the artificial ingredients that so many frozen fries include.” Randy Garutti will be a guest speaker at next month’s Propel Multi-Site Management Masterclass led by Professor Chris Muller.

Beer mat venue in Farnham gets a licence: The Farnham “furniture shop” which used to serve alcohol in return for the purchase of beer mats will re-open as a fully-licensed bar later this month. The Licensed Lounge, formerly known as Innsatiable, was ordered to close in June following an undercover police raid. Owner Simon Atkins originally intended to re-open by exploiting the same legal loophole it used before, but later opted to apply for a licence, saying he had “nothing left to prove”. Despite the objection, the partners were granted a premises licence for the Woolmead venue and now plan to stage a reopening party on 23 August.

Prestige Purchasing reduces food inflation forecast to 2% for 2014: Prestige Purchasing, the food and drink supply chain expert, has reduced its forecast for food inflation in 2014 to 2%. In December 2013, Prestige predicted 3.8% for 2014, with a possible range from 6% at the high end to 2% at the lower end. Chief executive David Read said: “We have watched with interest a steep decline in the rate of UK food inflation during 2014. This has been caused by a variety of positive factors including the strengthening of sterling, competitive pressure in the retail sector, and more benign climatic conditions leading to much higher yields in areas like cereals and oils. These factors have driven food inflation lower than our model predicted, and in the seven months between October last year and this May we saw food inflation fall from around 4% to a position where prices actually fell year-on-year. The macro factors of population growth and climate change, coupled with demand pressures from increasing GDP growth, have led us to expect the rate of food inflation to start to increase again, and in June we have seen the first sign of this. The challenge now is to predict the speed and rate of this increase. We will be continuing to monitor closely, but on balance our forecast for the end of 2014 is now reduced to 2%. Our 2015 forecast will be issued during the next calendar quarter, and we expect this to be above 2014 levels.”

US restaurant industry reports strongest monthly volumes ever in July: Foodservice sales in the US totaled $47.3 billion in July, the strongest monthly volume on record. Steady job growth and improving consumer confidence points toward continued sales gains in the months ahead, according to the National Restaurant Association’s chief economist Bruce Grindy. July’s uptick marked the fifth gain in the last six months, as consumer spending on food away from home rebounded from the weather-related softness that started the year. Overall, eating and drinks sales out-of-home were up 6.2% in the 12 months ending July 2014, which easily surpassed the 3.7% gain in overall retail sales during same period. Restaurant sales growth was also well above the modest 2.4% gain in grocery store sales over the last 12 months.

Coca-Cola buys minority stake in Monster: Coca-Cola has bought a 16.7% stake in Monster Beverage in a cash deal, as it looks for growth away from carbonated drinks. In the $2.15bn (£1.3bn) deal, Coca-Cola will transfer its worldwide energy business to Monster. In return, Monster will transfer its non-energy business, which includes Peace Tea and Hansen’s Natural Sodas, to Coca-Cola. The deal gives Monster access to Coca-Cola’s global distribution system. For Coca-Cola, the deal will give it the opportunity to increase its market share in the fast-growing energy drinks market.

Company News:

Greene King plans Hungry Horse opening in Wolverhampton city centre: Greene King is planning to open a Hungry Horse as part of a multi-million pound office and retail development in Wolverhampton city centre. The company will open the pub restaurant brand on the ground floor of Interchange 10, which will be based next to the bus and railway stations. The opening, close to the headquarters of rival Marston’s, will be seen as a sign of the company’s growing confidence in the versatility of the brand. It is the first known opening in a city centre although it has located within leisure schemes such as New Brighton’s Marine point development. Greene King has submitted applications to the city council for a premises licence and a table and chairs licence, which will be determined later this month. In September 2013, the local authority announced a total investment of £10.6m in the area, including constructing Interchange 10 to provide offices and associated retail/leisure floor space in the city centre. Matt Brown, business unit director for Hungry Horse, said the opening would create about 50 full and part-time jobs. Construction work on Interchange 10 is set to get underway shortly – it is expected to be finished by November 2015.

Rank reports VAT hearing set for April 2015: Rank has reported a landmark VAT hearing on machine income is scheduled to take place in April 2015. The company said: “On 30 October 2013, Rank received notice that the Court of Appeal had found in favour of HM Revenue and Customs (‘HMRC’) regarding claims for overpaid VAT on certain types of amusement machines between 2002 and 2005. Following the Court of Appeal decision Rank repaid amounts received to HMRC on 30 May 2014. Rank applied for leave to appeal to the Supreme Court in connection with these claims and was subsequently granted permission to appeal on 16 April 2014. The appeal hearing will be held on 20 April 2015.” The hearing will be watched closely by a host of pub operators who saw large machine VAT rebates which have now been given back.

Nando’s confirms opening in former Chicago Rock Café site in Burton, opens in Horsham: Nando’s has confirmed it is opening in the former Chicago Rock Café site in Middleway Park, Burton as part of plans to split the disused building in two and create twin restaurant units. It is set to open in Spring 2015. Meanwhile, Nando’s has opened in Horsham, West Sussex, occupying part of the former Ye Old Kings Head Hotel building on the corner of the Carfax and East Street. The hotel closed and was boarded up in 2004, but in 2012 part of the premises was re-opened as an Ask Italian restaurant. Now the rest of the building has been converted into a Nando’s. The restaurant can seat 86 people, including 12 outdoors and has created 34 jobs. 

Brunning & Price to open Cannock Chase pub today: Brunning & Price, the gastro-pub chain owned by The Restaurant Group, is opening The Red Lion in village of Longdon Green, between Lichfield and Rugeley on the edge of Cannock Chase, today. The company stated on its website: “We’re making a substantial investment to give the building a new lease of life, with additional customer areas and a new kitchen. The bar will be at the heart of the pub with some six cask beers on tap, a back shelf crammed with malts and a decent but carefully chosen wine list. Throughout the pub you’ll find cosy dining areas, open fires, bookcases and lots of honest old furniture. In the grounds, we are creating a sunny terrace for outside dining whilst extending and landscaping the gardens and lawns. Our sister pubs have been awarded ‘County Dining Pub of the Year’ on over 33 occasions by the Good Pub Guide, and hopefully, before long, the Red Lion will be up there amongst them.”

London Village Inns take second Punch pub to grow estate six sites: London Village Inns is to make a £400,000 co-investment with Punch Taverns to refurbish The Westbury in Wood Green, London bringing its portfolio to six pubs. Led by Martin and Diane Harley, London Village Inns boasts a unique collection of London locals, from The Wrestlers in Highgate, to a boutique guest house at The Rose & Crown and highly acclaimed craft beer pub, the Jolly Butchers in Stoke Newington. The Westbury, on Westbury Lane, close to Turnpike Lane tube station, will be transformed into a quality local pub with a focus on classic pub food with a twist, high service standards and great atmosphere. London Village Inns’ managing director Martin Harley said: “The pub is in an up and coming area and we have exciting plans to restore it to its former glory. There won’t be any gimmicks; this is all about stripping the pub back to what makes it a great local with a focus on quality beers, specialising in real ale and cider, combined with a quality pub menu, great service and good conversation.” The Westbury, which is due to open early October, will offer customers a selection of freshly prepared pub classics with a twist, from burgers to fish and chips together with dishes including salt and pepper calamari with a spiced tomato chilli dip, pulled pork bap with mustard beer sauce and for sharing, a German sausage Platter, with bratwurst, brockwurst, beef and paprika, pickled cabbage, creamy beer mustard and a selection of breads. The pub will have a strong focus on pairing food with a range of craft beers. 

Caffe Riva founders plan two more sites: The entrepreneurs behind Caffe Riva in Bowness, Cumbria, plan to open additional restaurants in Windermere and Ambleside. A franchise concept is currently also being considered. Colin Monk, proprietor of Luxury Lakes Hotels, and Alex Mauro, a Cheshire-based restaurateur, are the business partners behind the restaurant. Monk said: “After searching for a property for two years we were fortunate enough to be approached by the previous owners before the property was put on the market. We have been overwhelmed by the response we’ve had from locals and tourists alike. We see this as a pilot for further Caffe Riva restaurants and are looking at other locations that could be just as successful.”

JD Wetherspoon – 91% of our pubs have a five star hygiene rating: JD Wetherspoon has reported that a total of 747 of its pubs in England, Wales and Northern Ireland have gained the maximum five rating in the Food Standards Agency (FSA) Food Hygiene Rating Scheme. The scheme highlights hygiene standards in pubs and restaurants. This represents 91% of the 816 Wetherspoon pubs listed on the FSA website. In addition, Wetherspoon has 62 pubs with a four rating and seven with a rating of three. It has no pubs with a rating below three. In Scotland, which runs a two tier scheme of either ‘pass’ or ‘improvement required’, each of the 64 Wetherspoon pubs listed under the scheme has gained a ‘pass’. Wetherspoon chairman Tim Martin said: “The company is committed to having the highest standards of food hygiene in its pubs at all times. The Food Hygiene Rating results highlight the excellent hygiene standards in our pubs. The high standards are due to the efforts of our management and staff who strive to ensure that hygiene levels in their respective pubs remain high. We are very pleased with our overall Food Hygiene Rating results.”

Gatecrasher venue in Watford served with forfeiture notice: A Gatecrasher venue in Watford has been served with a notice of forfeiture. The notice said the landlord had instructed bailiffs to enter the Cameo premises on The Parade and change the locks, forfeiting the current lease. The venue is run by Late Night Watford, a Gatecrasher sister company. In August last year, Gatecrasher underwent a restructuring that saw its venues in Leeds closed down. Cameo opened at Gade House in 2012. The previous nightclub at the venue, Area, had forced closure imposed by Watford Borough Council for a number of licence breaches. Gatecrasher opened Cameo and bar Bed at the premises after a major refurbishment and rebranding of the club.

Well-known Newcastle restaurateur takes over pub: Well-known Newcastle restaurateur Mark Lagun, who opened the city’s Electric East Cambodian restaurant, is to re-open the Greyhound pub in the city as The Earl of Pitt Street. Lagun said: “There is nothing like it in Newcastle, it will be totally unique. There are some great places around here, but I wanted to step it up a bit more and create somewhere that is absolutely ‘wow’. A lot of old pubs are being knocked down or refurbished to such a degree you forget what they used to be like. I wanted to retain the character of the place as one of the only remaining traditional pubs in the city and the last original pub from the Scottish & Newcastle site. The outside is going to be a beautiful traditional old pub with hanging baskets, but the only way I can describe the interior is Vivienne Westwood meets Alfred Hitchcock. Décor is going to be a massive part of The Earl of Pitt Street. There are going to be open fires, lots of artwork around the place, curtains which I have designed myself in a camouflage tartan pattern.”

Agent Fleurets offers 7,200 square foot site in Leeds with landlord contribution: Agent Fleurets is offering a 7,200 square foot site in Leeds, part of the Josephs Well office complex, with a possible landlord contribution to fit out and tenant incentives. “Sitting amid 130,000 square foot of office accommodation it has a market on the doorstep. Being next door to the LGI hospital and Park Lane College offers additional potential and of course it is just a short walk from Millennium Square, Leeds University and an abundance of houses and flats,” said Simon Hall, director at Fleurets Leeds.

Lyfe Kitchen moves headquarters after Carlisle investment: Lyfe Kitchen, the highly rated US healthy eating restaurant start-up founded by former senior McDonald’s executives, will move its headquarters to Memphis and open two locations. The move follows Memphis-based restaurant operator and developer Carlisle’s large but undisclosed investment in the Palo Alto, California-based chain, which currently has ten health-conscious, fast-casual, high-quality locations. “We want our investments to fit in a box we’re passionate about, that makes a difference for our community,” a spokesman for Carlisle said. See next month’s Propel Quarterly for a profile of Lyfe kitchen.

Boomtown Rats pub on the market for £750,000: The former pub where Sir Bob Geldof and The Boomtown Rats appeared together last year for the first time since 1986, is up for sale as a family home. The band reformed in January 2013 and the gig was their first appearance together in 28 years. Julian Thorpe, a director at selling agents Mansell McTaggart, said: “It is an opportunity to acquire a little piece of history within the area. Thanks to its size, it offers scope to enlarge and to develop into a very nice family home.” The property in Rusper Road, Ifield, is on sale for offers over £750,000.

Caffe Nero names awning company as its contractor of the year for research and development: Caffe Nero has named a Hull awning and canopy supplier Shade-Zone as its ‘Contractor of the Year for Research and Development and Service’. The company, which designs and installs the items, began working with Caffe Nero in 2008 after seeing it sought planning approval for an outdoor seating area at a Savile Street branch in Hull. Since then, Shade Zone has built on that relationship and now works for all the retailer’s outlets in the UK, Ireland, Poland, Cyprus and Dubai. Shade Zone founder and managing director Andy Wigglesworth said: “No two Caffe Nero branches are exactly the same, so we bespoke each installation down to the individual design, variation of planters, large parasols with heating and lighting and full retractable canopies. By doing that, we supply the best solution for the every branch, meaning Caffe Nero can be confident its customers who choose to sit outdoors will benefit from the best available sun protection, yet will still be able to enjoy the summer weather.”

African-themed nightclub to open in Gloucester: An African themed nightclub will open in Gloucester on Friday 29 August. Customers of Tree Tops will enter into a Moroccan-themed world and then exit into an area akin to a safari lodge, complete with grass huts and a mounted fake elephant head. Owner Mike Sage said: “The younger age group in Gloucester is well catered for, but there isn’t much for the older crowd. People in their 30s and 40s tend to go to Fever as that is the nearest venue to suit their tastes. We want to offer something different here. It will open from 10pm until 3am. It will be a late-night music venue, rather than a club.”

Epic Group to re-open its Aberdeen nightclub with a beer garden: Epic Group will re-open its Aberdeen nightclub with a beer garden. The Priory on Belmont Street is set to reopen next month after a £300,000 interior refurbishment. Epic Group, which owns The Priory along with The Monkey House and Prohibition bars in the city centre, said the outdoor space would “add to the cosmopolitan culture within the Belmont Street area”. A spokesman said: “We’re excited to open our doors in September to give the city’s night time economy a huge boost. As a local company, we’re passionate and committed to regenerating the late night economy across all our premises.” The application for the outdoor drinking facilities will be decided on Tuesday 19 August by the city’s Licensing Board.

JD Wetherspoon holds a public meeting over return-to-Muswell Hill plan: JD Wetherspoon has held a public meeting over its plan to return to Muswell Hill – scene of founder Tim Martin’s first pub – with the re-opening of the derelict Village Bar in Muswell Hill Broadway. Neighbours fear the noise from a proposed beer garden this would create would ruin their quality of life. At a public meeting at the Raglan Hotel, more than 60 locals also voiced worries over the fact that the London Centre for Cerebral Palsy is due to open a school opposite the site. The company says it will employ more than 100 people living within 20 minutes of the pub. The licensing consultation ends on 26 August. Wetherspoon spokesman Eddie Gershon said: “We are aware of the concern of residents over the beer garden. We held a very positive public meeting which attracted 60 people and (we) stressed to them that our aim is to work with the local community. Some of the residents at the meeting raised concerns over the hours of operation for the rear terrace. We will now consider the points raised.”

Cineworld reports retail sales up after Baskin Robbins and Starbucks roll-out: The Cineworld cinema chain has reported an increase in retail sales after adding Baskin Robbins and Starbucks outlets. The company stated: “Cineworld Cinema’s retail revenue was 0.7% higher than the previous year. Retail spend per person increased by 4.6% from £1.71 in the previous year to £1.79 during the period. The increase was partly attributable to film mix, as well as the positive impact of strengthening and broadening Cineworld Cinemas’ retail offering which included the roll-out of Baskin Robbins concessions across the estate and the full impact of the additional nine Starbucks outlets opened in the second half of 2013. We also opened a Starbucks outlet in the new 11 screen Cineworld Cinema in Telford this month, with further outlets in the pipeline for the second half of 2014 and 2015. Trading was particularly strong in the first two months of the current year which resulted in first half box office revenues increasing by 6.0% to £68.7m when compared to the comparative period in 2013.”

Gethar Ventures helps with new home for Iconic Snobs nightclub in Birmingham as it hatches £16m hotel plan: Gethar Ventures is planning a £16 million scheme for a hotel, restaurant and apartments at the current site of iconic Snobs nightclub, known as the Beneficial Building, which was the first pre-cast concrete construction in Birmingham. The final night at the current home of Birmingham’s oldest nightclub will take place on Sunday, 21 September. The club is moving to a larger venue , the former Vudu Lounge, in Smallbrook Queensway, in a £2 million relocation. The first night at the new Snobs, which will hold up to 1,400 people, will be 24 September. Gethar Ventures has also developed the new club. Gethar Ventures founder Anthony McCourt said: “It is exciting times that the city has secured at least another ten years of Snobs and the legend lives on.”

Rock and Sole Plaice plans expansion drive with new formats: London fish and chip brand Rock and Sole Plaice, opened in 1871 and claiming to be London’s oldest ‒ is set to expand with two new formats, after securing funding from investors. Four new openings are expected in the next five years, with target locations including Soho, London Bridge and St Pancras. The second London site has already been agreed although the exact location is yet to be revealed. The company also announced potential plans for new sites in Manchester and Birmingham, and added that it had considered opening in the Middle East. Managed by brothers Ahmet and Ali Ziyaeddin, the original Covent Garden site has been owned by the same family for more than 35 years, and has now secured funding from a number of investors, thanks to a partnership with BGB Capital Partners. The current site combines both a restaurant and a takeaway, but the expansion drive will separate these two operations, with the first named the “Rock and Sole Plaice Kitchen”, and the second a takeaway “RSP express” concept.

Community pub plans to create retro feel to attract the grey market: A new community cask ale pub is planning to appeal to the grey market by creating a retro vibe. Will Parry and his partner Amanda Hampson plan to segment the appeal of The Globe, in Tottington Road, Tottington, Bury, by creating a vintage feel to the pub, catering for older patrons during the day by playing 1950s music. They are also searching for quirky and unique items for the pub, and currently have a drinks globe, an old Boddington’s mirror and a Kenyons milk bottle. Parry, who has previously been involved with Manchester’s Font bar and Odd Bar, as well as the Cornerhouse cinema, hopes to bring a flavour of the city centre and South Manchester bars to Bury. He said: “We were thinking about trying to open in South Manchester, but the market is pretty saturated there. Having been to a lot of pubs in Bury, there was a feeling that something was missing in the market, and we hope we can fulfil that.”

Ironbridge Brewery strengths partnership with Everards with microbrewery: The recently re-opened Pheasant Inn in Wellington, Shropshire has become the new home of the Ironbridge Brewery which has launched its new microbrewing facility in a former redundant building adjacent to the pub. The move has been made possible thanks to a Redundant Buildings Grant from the Local Enterprise Partnership (LEP). Established in 2007, Ironbridge Brewery has worked in partnership with Everards, a brewing and pub operating company, with whom it already collaborates on the award winning “Old Fighting Cocks” in Oakengates, to bring another pub back to life. Under an arrangement whereby Everards has purchased the pub, Ironbridge Brewery is able to operate it under a relaxed tie around cask ales allowing it sell its own brews alongside those of Everards.

Fosse Park bought by Crown Estate for £345.5m: Fosse Park has been bought by the Queen’s property business for £345.5 million. The popular retail park, close to junction 21 of the M1, has been acquired by The Crown Estate from northern Irish business Foyleside. Opened in 1989, Fosse Park is one of the UK’s leading out-of-town shopping centres. It has 40 stores and attracts eight million customers a year. The Crown Estate, which looks after a range of property on behalf of the Queen, said the deal was the largest in its 1,000-year history. Foyleside bought Fosse Park in 2006 for £360 million. James Cooksey, of The Crown Estate, said: “Fosse Park is one of the best assets of its kind, combining a prime location, with both scale and opportunities to enhance performance through active management. At Fosse Park we intend to bring the same vision and progressive approach to management as we are known for across our regional retail holdings and in London’s West End.”

Graham Turner steps down as executive chairman of Novus Leisure: Graham Turner has stepped down as executive chairman of London bar and restaurant operator Novus. The move follows on from the completion of the process over the last ten months of reviewing the Novus operation and developing and implementing an agreed growth strategy for the business. Turner is to pursue other interests and to build on his non-executive roles – he is currently the non-executive chairman of The Liberation Group, the leading bar and drinks business in the Channel Islands and Barburrito, the award-winning Mexican restaurant business. Turner said: “Novus has some of the best bar and late night sites and has started an exciting £20 million Capex programme to reposition and enhance key elements of its businesses. I wish Tim Cullum and his team at Novus every success as they deliver on this strategy.” Tim Cullum, chief executive of Novus Leisure, said: “I would like to thank Graham for his contribution and advice during his tenure as chairman and wish him well as he develops his non-executive portfolio.” Novus Leisure has begun the process to recruit a new chairman.

JD Wetherspoon eyes fourteenth pub in Bristol area: JD Wetherspoon wants to open a pub on Bristol’s Gloucester Road, its fourteenth pub in the Bristol area. The company has submitted a planning application to convert a run-down retail building in Horfield into another new pub. The Gloucester Road is made up of largely-independent shops and cafes. Both the planning and licensing applications have yet to be approved. A £1.5m investment is planned for the site, creating up to 45 jobs. The pub is proposed for a site at 349-353 Gloucester Road, an old retail unit that has been converted into a reclamation yard near to Merton Road. The company’s proposed plans include changes to both the interior and exterior, new mechanical and electrical equipment, and the addition of a beer garden at the rear.

Restaurant owners warned of new scam: A new scam is on the rise that targets restaurant owners and their customers, according to the latest data from Financial Fraud Action UK, a payments industry body, as reported in The Daily Telegraph. “Restaurant owners need to be alert,” said Katy Worobec, director of the organisation. “Fraudsters can sound very professional – don’t be fooled. The scam is simple but a new twist on previous attempts to convince people to hand over their bank account details. A fraudster, posing as bank staff, phones a restaurant early on in the day and says that there is a problem with its card payments system. He tells them that due to this fault, the restaurant will have to redirect card payments to a number, which is then given to them by the fraudster. The fraudster, still purporting to be the bank, insists the restaurant staff will have to obtain their customer’s security details to process any card payments. Later on in the day, when a customer finishes their meal and comes to pay, the restaurant calls the number the fraudster had provided. The scammer then asks to speak to the customer to go through their security questions. Once the fraudster has obtained a sufficient amount of security information from the customer, they then instruct the restaurant to put the transaction through. The fraudster then calls the customer’s bank in an attempt to transfer the money to their own account using the security details provided by the customer.”

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