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Tue 21st Apr 2026 - Update: Comptoir reports year of “reset and rebuild”, 23.5 Degrees, Everyman |
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Comptoir Group reports “modest sales growth” in year of “reset and rebuilding”: Comptoir Group, the owner of the Comptoir Libanais and Shawa brands, has reported “modest sales growth” on a like-for-like sales basis of 0.2% in the 12 months to 28 December 2025, which it said was a year of “reset and rebuilding”. The business, which operates 20 sites with a further six franchise sites, saw revenue fall to £33m (2024: £34.6m) in the year, with an adjusted EBITDA of £1.1m (2024: £800,000), as it closed two sites during the period. Its pre-tax loss stood at £1.59m (2024: loss of £1.94m). Chaker Hanna, chief executive, said: “2025 marked an important year of reset and rebuilding for the group. Since returning in early February 2025, the new board priority has been to bring sharper operational focus across the business, strengthen the foundations of our guest proposition, and ensure our teams are equipped to deliver a consistent and competitive offer in a challenging trading environment. Despite the wider headwinds facing the sector, our focus has been on placing value and experience at the centre of our proposition. This was a deliberate shift in emphasis, recognising that consumers have become increasingly discerning in how and where they choose to spend. During the first quarter of the year, whilst our total sales were only marginally down on a like for like basis, our covers were in decline by approximately 7% with our topline being supported by pricing adjustments introduced over the last couple of years. We did not feel this to be sustainable. One of the most significant pieces of work undertaken by management was a comprehensive menu review. In practice, we increased portion sizes, refined presentation, and strengthened consistency and packaging across channels. Importantly, we held prices firm despite the well‑documented increases in the National Minimum Wage and National Insurance from April 2025. The effect of this work became visible quickly. These enhancements helped lift covers across our estate, albeit we saw a small reduction in average customer spend. In the short term, the decision to strengthen our value proposition has created some pressure on our like-for-like sales growth. However, our intention was to rebuild momentum, reinforce our market position and create the conditions for sustainable growth. Operationally, performance across the core Comptoir estate was mixed, however several sites delivered encouraging like‑for‑like growth. Our Southbank restaurant opened in 2024 and has continued to perform strongly, supported by excellent guest feedback and a consistently high Google rating. Alongside these positive developments, we took necessary action where required, including the closure of two locations in Q1, and a restructuring of our support office in H2 to ensure our overhead base is appropriate for the size and scale of the group. The group closed the year with an adjusted net cash position of £1.9m (2024: £3.0m). The movement during the year has been influenced by restructuring costs and the settlement of certain historic liabilities which had previously been accrued. Clearing these obligations brings clarity to our balance sheet and strengthens the platform on which we move forward. Preserving cash and rebuilding reserves remains a key focus for 2026. We have continued to work very closely with our franchise partners and are pleased to announce that we will have a new franchise operation of Comptoir Libanais opening at Venice Marco Polo Airport in May 2026. We have also started work on the roll out of our Shawa brand with a new site expected to open in H2 this year in London. This will mark the start of our modest expansion on both fronts, the growth of our franchise operations together with company owned store expansion. Trading conditions through Q1 2026 have, as expected, been challenging. Looking ahead, we are anticipating continued sector headwinds, particularly cost of living pressures, and inflationary impacts driven even higher by the war in Iran and across the Gulf region. However, the operational improvements made throughout 2025, combined with a stronger menu and improved value offering, gives us confidence in the path ahead. The work we have carried out so far has laid the groundwork for sustainable performance, and overrides some of the external pressure. We remain focused on driving continued improvement and expansion across the business for 2026 and the years ahead.”
Premium Club subscribers to receive updated Multi-Site Database with 3,572 operators and 20 new companies on Friday: Premium Club subscribers will receive the updated Multi-Site Database on Friday (24 April), at 12pm. The next Propel Multi-Site Database provides details of 3,572 multi-site operators and is searchable in seven main segments. The database features 1,028 (29%) casual dining operators, 808 (23%) pub and bar operators, 639 (18%) cafe bakery operators, 502 (14%) quick service restaurant operators, 296 (8%) hotel operators, 242 (7%) experiential leisure operators and 55 (2%) fine dining operators. The database is updated each month, and this edition includes 20 new companies. The database includes new companies in the cafe bakery sector such as Dough Hands, the neo-Neapolitan pizza concept from Hannah Drye, Dear Coco, the London-based, Australian-inspired specialty coffee business, and Cardiff pie and coffee concept Donald’s Pies. Premium Club subscribers also receive access to five additional databases: the New Openings Database, the Turnover & Profits Blue Book, 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 chief operating officer – editorial, Mark Wingett, and a host of industry leaders from across the sector. A Premium Club subscription costs an annual sum of £495 plus VAT for operators and £595 plus VAT for suppliers. Companies can 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. A new Premium Unlimited Plus option, which costs £1,995 plus VAT per annum, has some amazing additional benefits including four free tickets to Propel’s paid-for conferences – Excellence in Pub & Bar (19 May), Operational Excellence (9 July) and Talent & Training (15 October) – and the opportunity to run one free sponsored message or situation vacant notice during the year on the newsletter. Email kai.kirkman@propelinfo.com today to sign up.
23.5 Degrees sees turnover tops £110m, secures £20m of funding, closes 12 sites after estate review: 23.5 Degrees, which was Starbucks’ largest UK franchisee before being acquired by its parent company in 2024, saw its turnover in the year to 28 September 2025 increase to £113,457,406 (2024: £93,081,875) on the back of 15 new site openings, but fell to a pre-tax loss on the back of a number of store closures following its sale. Its pre-tax loss for the year was £5,804, 291, versus a pre-tax profit of £2,920,985 the previous year. The company said: “The period to 28 September 2025 marked another year of growth in underlying sales and new site openings. Whilst there have been challenges with economic cost of living, underlying trading (transactions and sales) remained strong. Overall, the business performed strongly by adhering to its operating model of placing its partners and customers at the front of decision-making processes. This approach has been developed and honed over the last decade and as a result continues to deliver industry leading transaction growth and partner loyalty. All open stores traded throughout the period and the business has successfully rolled out 15 more drive-through stores, and significantly increased its pipeline of future stores underpinning the next three-plus years of growth and creating more job opportunities across the UK. The group closed the period with a total store count of 126. During the period, the group converted three sites to use solar energy panels in line with its environmental strategy. The loss incurred in the period predominantly arose from the exceptional cost in relation to a number of store closures following the sale to Starbucks Corporation on 14 September 2024. Headcount in support functions has decreased as the business starts leveraging support from within the wider Starbucks Group.” The business said that since the year end it has closed a further 12 sites after a portfolio review. It said that during the first quarter of this year, Starbucks Group completed a corporate restructure involving the transfer of 23.5 Degrees from Starbucks Corporation to Starbucks Coffee Holdings. In February, Starbucks made a “an irrevocable, unconditional capital contribution of £20m to the business”.
Farah Golant made permanent CEO of Everyman: Everyman, the independent, premium cinema group, has announced that Farah Golant CBE has agreed to become its permanent chief executive with immediate effect. Then non-executive director, Golant, assumed the role of chief executive on an interim basis at the start of this year, after Alex Scrimgeour stepped down from the role with immediate effect. Scrimgeour had joined Everyman in January 2021 having previously led Cote. The group also announced that it intends to publish its preliminary results for the 52-week period ended 1 January 2026 on 28 April 2026. In January, Everyman reported admissions of 4.4 million (FY24: 4.3 million), up 2.3%, for the year to 1 January 2026, with group revenue of £116.5m (FY24: £107.2m; comparable 52-week period: £103.8m), up 8.7%. It reported group EBITDA of £17m (FY24: £16.2m; comparable 52-week period £15.4m), up 4.9%; with food and beverage spend per head of £11.32 (FY24: £10.64), up 6.4%.
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