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Fri 14th Nov 2025 - Update: Domino’s CEO – UK nearing peak pizza, Mitchells & Butlers, The Coconut Tree |
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Domino’s turns to fried chicken as chief says Britain is nearing peak pizza: The chief executive of Domino’s UK is betting the future of the country’s largest pizza delivery operator lies in fried chicken, as he predicts the pizza market is nearing saturation point. Domino’s has rolled out its Chick ’N’ Dip sub-brand to about 200 of its 1,400 branches across the UK and Ireland as it seeks to tap into Britain’s seemingly insatiable appetite for fried chicken. The range includes three chicken tenders for £4.50 and eight “boneless bits” or chicken wings for £7.50. Andrew Rennie, who took over as chief executive of Domino’s UK in 2023, told The FT there was not “massive growth” left in the country’s pizza market. “We recognise that people’s diets are slightly changing,” he said. “When you look globally, chicken is the fastest-growing protein. So [launching a chicken range] seemed pretty obvious to me.” Domino’s, which opened its first UK outlet in Luton in 1985, is suffering from a broader slowdown in demand for pizza. The company’s total orders fell 1.5% in the three months to September. “Chicken is already bigger than pizza [in the UK],” Rennie said. “We don’t need to get that much of the chicken market [for it] to actually have a big impact on [us].” Rennie said cooking chicken as well as pizzas in its outlets would make use of existing Domino’s infrastructure and fill “excessive latent capacity at lunchtime”. He hopes it will also encourage consumers to order more frequently. The chief executive dismissed fears that chicken’s “incredible” growth could stall. “As things like beef get more expensive, chicken becomes even better value,” he said. “And as more health experts talk about the need for more protein, I think it’s going to grow as well.” Domino’s is also exploring ways to redesign its pizzas to capitalise on consumers’ desire for more protein, including by adding more seeds to its signature thin and crispy base. Domino’s was among the bidders circling Wingstop’s UK franchise last year, which was ultimately bought by US investment group Sixth Street for £400mn. Rennie acknowledged its interest had rattled some investors, but said he was eager to acquire a brand at a “much lower” price tag. Activist investor Browning West, which has a 5% stake in Domino’s, has urged the company to pause its acquisition plans and pursue a take-private deal.
Premium Club subscribers to receive updated Turnover & Profits Blue Book today: Premium Club subscribers will receive the updated Turnover & Profits Blue Book today (Friday, 14 November), at noon. The database will feature six new companies and 115 updated accounts. The database now features a total of 1,182 companies, with 737 in profit and 445 making a loss. The Blue Book is updated each month and ranks companies by turnover, profit and profit conversion, listing directors’ earnings for the past five years. Premium Club subscribers also receive access to five other databases: the New Openings Database, the Multi-Site Database, the UK Food and Beverage Franchisor Database, the UK Food and Beverage Franchisee Database and the Who’s Who of UK Hospitality. All Premium Club subscribers will be offered a 20% discount on tickets to Propel paid-for events and discounts on specialist sector reports. Operators that are Premium Club subscribers are also able to send up to four members of staff to each of our four Multi-Club Conferences for free. Premium Club subscribers receive their daily Propel Info newsletter 11 hours earlier than standard subscribers, at 7pm the evening before. They also receive videos of presentations at eight Propel conference events two weeks after they are held. This represents around 100 videos of industry insight over the course of the year. Premium Club subscribers also receive exclusive opinion columns every Friday at 5pm, which include the thoughts of Propel group editor Mark Wingett and a host of industry leaders from across the sector. In this week’s Propel Premium, Wingett looks back at the week’s news, including Five Guys seeking new investment and what comes next for Leon. A Premium Club subscription costs an annual sum of £495 plus VAT for operators and £595 plus VAT for suppliers. Companies can now have an unlimited number of people receive access to Premium Club for a year for £995 plus VAT – whether they are an operator or supplier. Email kai.kirkman@propelinfo.com today to sign up.
The Coconut Tree founders acquire business out of administration: MPS Hospitality, a new company formed earlier this spring by The Coconut Tree co-founders Shamil Fernando and Praveen Thangiah, has acquired the seven-strong Sri Lankan, street-food brand out of administration. Propel reported earlier this week, that the business, which was founded in 2016 by five Sri Lankan friends living in Cheltenham – Mithra Fernando, Rashinthe Rodrigo, Dhanushka Fernando, Praveen Thangiah and Shamil Fernando, had been placed into administration with Forvis Mazars appointed administrators. Earlier this summer, the business was set to be wound up after defaulting on its company voluntary arrangement over an unpaid £1.6m tax bill. The Coconut Tree trades from sites in Cheltenham, Bournemouth, Bath, Reading, Oxford and two in Bristol. In June, a notice from joint supervisors Mark Boughey and Michal Field, of Forvis Mazars, showed that The Coconut Tree owed HM Revenue & Customs 1,360,837 in VAT and £239,799 in PAYE and national insurance contributions.
Donald Trump pardons Joe Lewis: US president Donald Trump has pardoned British billionaire Joe Lewis, Mitchells & Butlers’ largest shareholder and backer of Premier League side Tottenham Hotspur, who pleaded guilty to insider trading in the US last year. The FT reports that a White House official said Lewis had “requested a pardon so that he may receive medical treatment and visit his grandchildren and great-grandchildren in the United States”. The official said Lewis, a UK citizen who lives in the Bahamas, “admitted he made a terrible mistake, did not fight extradition in the case, and paid a $5m fine”. Lewis said: “I am pleased all of this is now behind me, and I can enjoy retirement and watch as my family and extended family continue to build our businesses based on the quality and pursuit of excellence that has become our trademark.” Lewis was charged in New York in 2023 following an investigation in which he was found to have passed on stock tips to friends, private pilots and a girlfriend. Prosecutors claimed the recipients of his tips made more than half a million dollars by trading on the non-public information, to which Lewis had been privy through his seats on various corporate boards. However, a federal judge last year decided against incarcerating a contrite Lewis, in part because of his advanced age. The Lewis family maintains a controlling stake in Enic, the entity which owns Tottenham Hotspur, and recently oversaw a boardroom shake-up at the Premier League club. A person close to the Lewis family on Thursday said: “Over his long business career, Joe has been a visionary, creating businesses across the world which multiple generations of his family are now taking forward. This is why there is so much more to the Joe Lewis story than this one event.”
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