Thursday 21st September 2023 |
JD Wetherspoon puts another ten pubs on market, Boxpark appoints Paul Thandi as new chairman |
JD Wetherspoon puts another ten pubs on market: JD Wetherspoon has appointed Savills and CBRE to sell another ten of its pubs. The properties, which are all freehold, are located in town and city centre locations across England and Wales … view |
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Thursday 21st September 2023 |
Update: City Pub Group H1 lfls up 14%, SSP, Thai Leisure Group |
City Pub Group H1 lfl sales up 14%, well placed to take advantage of new acquisition opportunities: City Pub Group, the owner and operator of premium pubs across southern England and Wales, has this morning reported that its trading conti … view |
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Thursday 21st September 2023 |
Propel Thursday News Briefing |
Imbiba-backed Ninja Warrior operator set to launch The Chase concept as it heads for London before going global: Imbiba-backed Ninja Warrior operator Leisure TV Rights (LTR) is set to launch an experiential concept based on ITV’s The Ch … view |
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Wednesday 20th September 2023 |
Scottish government proposes increasing minimum unit price of alcohol to 65p |
Scottish government proposes increasing minimum unit price of alcohol to 65p: The Scottish government is to consult on a proposal to raise the minimum unit price (MUP) of alcohol to 65p. A 50p minimum price per unit was introduced in 2018 … view |
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Wednesday 20th September 2023 |
Exclusive: hospitality tech companies me&u and Mr Yum merge |
Exclusive – hospitality tech companies me&u and Mr Yum merge: Australian-founded tech scale-ups me&u and Mr Yum have joined forces in an all-stock merger, “to become the world’s number one mobile ordering, payments and marketing pla … view |
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Wednesday 20th September 2023 |
Update: Ten Entertainment H1, Wingstop, Adnams, Tiger Woods |
Ten Entertainment Group year to date like-for-like sales up 4.7%: Ten Entertainment Group, the operator of 51 bowling and family entertainment centres, has said that year to date its like-for-like sales to 10 September were up 4.7% on the … view |
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Wednesday 20th September 2023 |
Propel Wednesday News Briefing |
Snowflake aiming to grow to 160 sites in next five years with business preparing to scale globally at pace: London premium gelato brand Snowflake is aiming to grow to 160 sites in the next five years with the business preparing to scale g … view |
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Tuesday 19th September 2023 |
Exclusive: Arc Inspirations outperforming the market as it plans London debut next year |
Exclusive – Arc Inspirations outperforming the market as it plans London debut next year: Arc Inspirations, the Martin Wolstencroft-led, premium bar operator, has said in its current financial year it has “consistently outperform the … view |
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Tuesday 19th September 2023 |
Update: Big Mamma Group, Heartwood Collection, Starbucks, C&C Group |
Big Mamma Group – new investment will allow us to become a global brand in affordable, experiential luxury dining: Victor Lugger, co-founder of the Big Mamma Group, which has secured new backing from McWin, has said that the new investm … view |
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Tuesday 19th September 2023 |
Propel Tuesday News Briefing |
Market Halls to return to the expansion trail on the back of strong FY performance: Market Halls, the London-based food market hall operator, is to return to the expansion trail, with plans to launch regionally. It comes after the Gees Co … view |
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Tuesday 19th September 2023 |
Market Halls to return to the expansion trail on the back of strong FY performance |
Market Halls to return to the expansion trail on the back of strong FY performance: Market Halls, the London-based food market hall operator, is to return to the expansion trail, with plans to launch regionally. It comes after the Gees Co … view |
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Monday 18th September 2023 |
Exclusive: McWin acquires majority stake in Big Mamma Group, company valued at €270m |
Exclusive: McWin acquires majority stake in Big Mamma Group, company valued at €270m as global expansion planned: McWin, the investment firm of food industry entrepreneurs Henry McGovern and Steven Winegar which backs the likes of Vapiano an … view |
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Monday 18th September 2023 |
Update: Pub numbers, WFH impact, John Vincent, Nando’s |
Last orders as pubs closing at faster rate across the country: The number of pubs being demolished or converted for other uses has risen by more than 50%, figures show. The Times reports that in the three months to June 30 there were 230 … view |
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Monday 18th September 2023 |
Propel Monday News Briefing |
Tim Hortons plans significant expansion of UK estate, launches franchise model: Canadian quick service restaurant brand Tim Hortons is planning significant growth of its 75-strong UK estate, as it launches a franchise model here for the f … view |
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Saturday 16th September 2023 |
Exclusive: ASK co-founder to launch new concept, Brixton Academy, Center Parcs |
Exclusive – ASK and Zizzi co-founder to launch new restaurant concept Chubby Bunny: Adam Kaye, who with his brother Sam, founded the ASK Italian and Zizzi restaurant brands, is to launch a new concept called Chubby Bunny, in central Lon … view |
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Friday 15th September 2023 |
Friday Opinion |
Subjects: The chocolate chips are down, in defence of dynamic pricing, seeking the new generation of hospitality hidden gems Authors: Katherine Doggrell, Glynn Davis, Sandra Kelly The chocolate chi … view |
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Friday 15th September 2023 |
Propel Friday News Briefing |
Sandbox VR UK co-founder – we could do more than 30 sites now, Birmingham outperforming London already: Sandbox VR UK co-founder Andy Scanlon has told Propel the concept could do more than 30 sites here now and that its new Birmingham B … view |
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Thursday 14th September 2023 |
Exclusive: D&D London to close Haugen site as deadline for offers nears |
Exclusive – D&D London to close Haugen site as deadline for offers nears: D&D London is expected to leave its Haugen, Stratford site this autumn, Propel understands. Haugen was described as a three-story Bauhaus behemoth when it opened in 20 … view |
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Thursday 14th September 2023 |
Update: Chick-fil-A targets 2025 for UK relaunch, aiming for five sites within first two years |
Chick-fil-A targets 2025 for UK relaunch, aiming for five sites within first two years: US fast food brand Chick-fil-A has targeted 2025 for a relaunch in the UK and is aiming for five sites within the first two years. Propel revealed in … view |
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Thursday 14th September 2023 |
Propel Thursday News Briefing |
Exclusive – Amber Taverns like-for-likes up 12.5% on back of strong FY trading and continued expansion: Amber Taverns, the wet-led, freehold community pub operator, has said current like-for-likes sales across its circa 165-strong estat … view |
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Wednesday 13th September 2023 |
Legal Briefing |
Drug prevention: how do we make the impossible possible by Leigh SchelvisAs we head into an unusually warm September and the twilight of the British summer, we also bid farewell to another brilliant music festival season. Much like prev … view |
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Wednesday 13th September 2023 |
Four charged over Patisserie Valerie collapse |
Four charged over Patisserie Valerie collapse: Four people have been charged in connection with the collapse of Patisserie Valerie in 2018. The Serious Fraud Office (SFO) has charged former director and chief financial officer of Patisser … view |
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Wednesday 13th September 2023 |
Update: Loungers opens 200th Lounge site, Wendy’s confirms next six UK openings |
Loungers opens 200th Lounge site, expects to create in excess of 1,000 new jobs in current year: Cafe bar operator Loungers has opened the 200th site under its Lounge concept and said it expects to create in excess of 1,000 new jobs in the cur … view |
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Wednesday 13th September 2023 |
Propel Wednesday News Briefing |
Big Table Group set to test new fast-casual concepts: The Big Table Group, the operator of Las Iguanas, Banana Tree, Café Rouge and Bella Italia, has appointed Johanna Selin, formerly of Marks & Spencer, Wagamama, Pret and Coco Di Mama, … view |
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Wednesday 13th September 2023 |
Managed like-for-likes up 5.3% in August but growth at lowest rate since March as weather dampens sales |
Managed like-for-likes up 5.3% in August but growth at lowest rate since March as weather dampens sales: Britain’s managed restaurant, pub and bar groups overcame some dismal summer weather to record like-for-like sales growth of 5.3% in Aug … view |
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Tuesday 12th September 2023 |
Update: Stonegate’s dynamic pricing, al fresco smoking, Fever-Tree and Gym Group results |
Stonegate charging drinkers more during peak times through ‘dynamic pricing’ system: Britain’s biggest pub chain is charging drinkers more at the busiest times with “dynamic” surcharges that make a pint of beer 20p more expensive at … view |
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Tuesday 12th September 2023 |
Propel Tuesday News Briefing |
Morgan – we will review all the acquired TRG properties to understand best fit across portfolio: Alan Morgan chief executive of the Big Table Group, has told Propel that when it comes to conversion of the 75 sites it is acquiring from T … view |
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Monday 11th September 2023 |
Opinion Special: Turning tables |
Turning tables by Mark Wingett“Brave”, “bold” and “bonkers” are just some of the words given to me in reply to the news at the weekend that Big Table Group was in advanced talks to acquire The Restaurant Group’s (TRG) leis … view |
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Monday 11th September 2023 |
Update: The Restaurant Group agrees sale of Leisure division for £1, Various Eateries CEO steps down |
The Restaurant Group agrees sale of Leisure division to Big Table Group for £1: The Restaurant Group (TRG) has agreed the sale of its Leisure division to the Big Table Group for £1. The group said it has entered into an agreement for the sal … view |
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Monday 11th September 2023 |
Propel Monday News Briefing |
Exclusive – St Austell acquires The Bath Pub Company: St Austell Brewery has acquired The Bath Pub Company, Propel has learned. The deal, for an undisclosed amount, sees St Austell take over the operation of The Bath Pub Company’s fou … view |
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Monday 11th September 2023 |
Exclusive: St Austell acquires The Bath Pub Company |
Exclusive – St Austell acquires The Bath Pub Company: St Austell Brewery has acquired The Bath Pub Company, Propel has learned. The deal, for an undisclosed amount, sees St Austell take over the operation of The Bath Pub Company’s four sit … view |
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Saturday 9th September 2023 |
The Restaurant Group confirms advanced talks to sell its Leisure division to Big Table Group |
The Restaurant Group confirms advanced talks to sell its Leisure division to Big Table Group: The Restaurant Group (TRG) has confirmed it is in advanced talks to sell its Leisure division to Big Table Group. It follows reports earlier today th … view |
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Friday 8th September 2023 |
Friday Opinion |
Subjects: The impact of CBILS, older guests calling the shots in hospitality now, beer lists, why employee engagement starts with the payroll team Authors: David Roberts, Glynn Davis, Phil Mellows, Scott Read view |
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Friday 8th September 2023 |
Update: TRG chairman to step down, Hostmore CFO to leave, ‘tourist tax’ |
Ken Hanna to step down as chairman of TRG: The Restaurant Group (TRG), the Wagamama and Brunning & Price owner, has announced that its chairman, Ken Hanna has informed the company of his intention not to seek re-election at the group’s … view |
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Friday 8th September 2023 |
Propel Friday News Briefing |
French multi-brand business targets UK as ‘number one market’ as it looks to roll out internationally through franchising: French multi-brand business Groupe Delineo has told Propel the UK is its “number one target market” as it l … view |
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Thursday 7th September 2023 |
Propel Thursday News Briefing |
Food inflation in hospitality slows slightly as retail prices begin to fall: Inflation as measured by the CGA Prestige Foodservice Price Index fell marginally to 21.7% year-on-year in July. Despite the slight fall of 0.9 percentage points … view |
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Thursday 7th September 2023 |
Food inflation in hospitality slows slightly as retail prices begin to fall |
Food inflation in hospitality slows slightly as retail prices begin to fall: Inflation as measured by the CGA Prestige Foodservice Price Index fell marginally to 21.7% year-on-year in July. Despite the slight fall of 0.9 percentage points, inf … view |
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Wednesday 6th September 2023 |
Update: TRG sees strong H1 trading, services sector, management training |
TRG reports strong H1 trading: The Restaurant Group (TRG) has this morning reported strong like-for-like sales and adjusted Ebitda growth for the for the 26 weeks ended 2 July 2023, driven by the performance of its Wagamama, Pubs and Concessio … view |
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Wednesday 6th September 2023 |
Propel Wednesday News Briefing |
More than 350 sector businesses urge Ofgem to take swift action to improve energy market: UKHospitality and more than 350 hospitality businesses, representing thousands of venues, have presented a united front to Ofgem. They demonstrating … view |
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Tuesday 5th September 2023 |
Spa queen Dorothy Purdew passes away |
Spa queen Dorothy Purdew passes away: One of the world’s most influential spa operators, Dorothy Purdew, the entrepreneurial force behind Champneys, which employs more than 2,000 people, has passed away. Dorothy Purdew, 91, opened her f … view |
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Tuesday 5th September 2023 |
Honest Burgers to launch crowdfunding campaign, plans new QSR format |
Honest Burgers to launch crowdfunding campaign, plans new QSR format: Honest Burgers, the Active Partners-backed business, is to launch a crowdfunding campaign later this month, as it looks to return to the expansion trail and launch new premi … view |
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Tuesday 5th September 2023 |
Propel Tuesday News Briefing |
Dodo Pizza UK chief ‘frustrated’ at having to scrap ‘fabulous project’ of building up to 100 stores here as last site ceases trading, liquidation ‘not an option’: Dodo Pizza’s UK business development lead David Sweeney has t … view |
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Monday 4th September 2023 |
Update: Bill’s ‘back on track’, business rates, pay growth, ex-Hawthorn Leisure CEO |
Slimmed-down Bill’s restaurant group is ready for more: The owner of the Bill’s restaurant group said the business was “back on track” after stringent cost-cutting and an estate review. Richard Caring, who also owns The Ivy Collec … view |
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Monday 4th September 2023 |
Propel Monday News Briefing |
Pizza Hut UK Ebitda per site down 9% on a decade ago: Pizza Hut UK’s Ebitda per site is down 9% on a decade ago, as it looks to refinance ahead of repaying £31m of its £73m of debts by April 2024. Franchisee Heart with Smart owns all … view |
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Friday 1st September 2023 |
Friday Opinion |
Subjects: The fight for power – how we’re keeping hospitality’s lights on, budgeting for top-line sales growth in a cut back economy, is dining out becoming a luxury once more, a numbers game Authors: Kate Nicholls, Ann … view |
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Friday 1st September 2023 |
Propel Friday News Briefing |
Haven CEO – staycation trend here to stay, demand strong but price sensitive, occupancy rates at record levels: Haven managing director Simon Palethorpe has told Propel that the staycation trend is here to stay, with demand “strong bu … view |
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Thursday 31st August 2023 |
Update: The Wolseley Hospitality Group reports record results, Pret fined after worker trapped in freezer |
The Wolseley Hospitality Group reports record revenue and Ebitda as it returns to profit: The Wolseley Hospitality Group has reported revenue increased 60.7% to a record £53,674,320 for the year ending 31 December 2022 compared with £33 … view |
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Thursday 31st August 2023 |
Propel Thursday News Briefing |
Exclusive – TOCA Social aiming for 20-30 UK sites as it confirms Westfield White City opening, footfall already past 2022 levels as business ‘just scratching the surface of demand in London’: Alex Harman, president of TOCA Social, has t … view |
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Wednesday 30th August 2023 |
Toca Social to open at Westfield London for third UK site |
Toca Social to open at Westfield London for third UK site: Toca Social, the interactive football bar concept, has unveiled plans for its third UK location, at Westfield London, continuing its journey of growth and expansion. It follows the suc … view |
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Wednesday 30th August 2023 |
Propel Wednesday News Briefing |
Insomnia Cookies UK MD – our ambition is to have a national presence: Ben Lacey, UK managing director of Insomnia Cookies, which launched here this week, has told Propel that the brand’s ambition is to have a “national presence across th … view |
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Tuesday 29th August 2023 |
Propel Tuesday News Briefing |
Itsu plans to double size of UK estate, exploring further European territories: Itsu, the healthy Asian food chain founded by Julian Metcalfe, plans to more than double its current circa 80-strong UK estate and told Propel it believes there ar … view |
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Tuesday 29th August 2023 |
Propel Tuesday News Briefing |
Confidence high amongst hospitality leaders despite ongoing cost and staffing challenges: Optimism among Britain’s hospitality leaders has risen for the third quarter in a row, the new Business Confidence Survey from CGA by NIQ and Four … view |
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Tuesday 29th August 2023 |
Confidence high amongst hospitality leaders despite ongoing cost and staffing challenges |
Confidence high amongst hospitality leaders despite ongoing cost and staffing challenges: Optimism among Britain’s hospitality leaders has risen for the third quarter in a row, the new Business Confidence Survey from CGA by NIQ and Four … view |
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Sunday 27th August 2023 |
Exclusive: Pizza Hut UK franchisee reports 16.8% lfl sales growth in 2023, ‘constructive’ refinancing talks expected to be complete by Christmas |
Exclusive: Pizza Hut UK franchisee reports 16.8% lfl sales growth in 2023, ‘constructive’ refinancing talks expected to be complete by Christmas, close partnership with franchisor to reignite growth, new openings to include Itsu e … view |
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Sunday 27th August 2023 |
Update: Pizza Hut and Dishoom results |
Pizza Hut’s future in doubt as debt crisis looms: Pizza Hut’s UK restaurant business has plunged into a debt crisis as it grapples with the fallout from soaring inflation. The US giant’s biggest British franchise, with more than 4,0 … view |
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Friday 25th August 2023 |
Friday Opinion |
Subjects: Narrative, narrative, narrative: a CEO imperative, alcohol and the origins of hospitality, in search of service Authors: Elliott Goldstein, Phil Mellows, Glynn Davis Narrative, narrat … view |
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Friday 25th August 2023 |
Propel Friday News Briefing |
Christou – no reason Pret can’t reach 1,500 sites in UK, SSP to begin rolling brand out in Asia: Pano Christou, chief executive of Pret A Manger, the JAB Holdings-backed business, has said there was no reason why the brand couldn’t … view |
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Thursday 24th August 2023 |
Subway agrees circa $9.5bn sale to Roark Capital |
Subway agrees circa $9.5bn sale to Roark Capital: Global sandwich chain Subway has announced it has agreed a deal, believed to be valued at circa $9.5bn (£7.52bn), to be sold to US-based firm Roark Capital, which already owns restaurant … view |
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Thursday 24th August 2023 |
Propel Thursday News Briefing |
Pret ups loyalty play, increases Club Pret discount to 20% and launches worldwide: Pret A Manger, the JAB Holdings-backed business, has announced an expansion of its subscription offer from 5 September that will see the discount for … view |
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Thursday 24th August 2023 |
Pret ups loyalty play, increases Club Pret discount to 20% and launches worldwide |
Pret ups loyalty play, increases Club Pret discount to 20% and launches worldwide: Pret A Manger, the JAB Holdings-backed business, has announced an expansion of its subscription offer from 5 September that will see the discount for Club … view |
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Wednesday 23rd August 2023 |
Exclusive: Breal Capital acquires Vinoteca out of administration |
Exclusive: Breal Capital acquires Vinoteca out of administration: The future of London-based wine bar, shop and restaurant concept Vinoteca has been secured following a sale of the business and its assets to an entity owned by London-based inv … view |
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Wednesday 23rd August 2023 |
Propel Wednesday News Briefing |
Five Akhi’s wants to ‘grow as big as Fireaway’ following investment from fast-growing pizza brand’s owner: Five Akhi’s director Ravi Parmar has told Propel the business wants to “grow as big as Fireaway” following investment … view |
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