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Thursday 29th March 2018
Update: Conviviality warns it set to go into administration
Conviviality warns it is set to go into administration: Conviviality is to appoint administrators in the wake of its failure to raise £125m in fresh capital. The company stated: “Further to the announcement on 28 March 2018, and follow … view
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Thursday 29th March 2018
Propel Thursday News Briefing
Barworks co-founder Marc Francis-Baum and Gizzi Erskine launch Mare Street Market in Hackney: Marc Francis-Baum, co-founder of central London bar and pub operator Barworks, and food-writer Gizzi Erskine have launched Mare Street Market in … view
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Wednesday 28th March 2018
Future of Conviviality in serious doubt as shareholders fail to support £125m fund-raise
Future of Conviviality in serious doubt as shareholders fail to support £125m fund-raise: The future of Conviviality, the UK alcohol wholesaler serving consumers through the on-trade and its franchise retail estate, is in serious doubt after … view
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Wednesday 28th March 2018
Loungers reveals plans for further 16 Lounges as it hits 100 milestone
Loungers reveals plans for further 16 Lounges as it hits 100 milestone: Cafe bar brand Loungers, which is backed by Lion Capital, has revealed it plans to invest £10m to open a further 16 Lounges in 2018 as it launches its 100th Lounge today … view
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Wednesday 28th March 2018
Update: Time Out signs market site in New York, pub performance versus restaurants
Time Out lines up Time Out Market in New York: Time Out Group, the global media and entertainment business, is pleased to announce that it has signed a conditional lease agreement for a new Time Out Market in New York. Located at 55 Water … view
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Wednesday 28th March 2018
Propel Wednesday News Briefing
Hakkasan Group and SBE merger officially off: A year after announcing plans to merge and create a billion-dollar nightlife and restaurant group, the proposed deal between SBE and Hakkasan Group is officially off. US-based hotel, restauran … view
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Tuesday 27th March 2018
Update: Brighton Pier Group results, DP Poland
Brighton Pier Group reports sales and profit dip: Brighton Pier Group has reported sales dropped to £16m in the 26 weeks to 24 December 2017, down from £17.74m the year before. Profit before tax was £2.34m compared to £2.65m the year … view
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Tuesday 27th March 2018
Propel Tuesday News Briefing
CGA Group acquires CPL Online: CGA Group has completed the acquisition of CPL Online, the specialist provider of e-learning, business solutions and interactive services from CPL Training. The deal extends CGA’s product portfolio and tec … view
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Tuesday 27th March 2018
CGA Group acquires CPL Online
CGA Group acquires CPL Online: CGA Group has completed the acquisition of CPL Online, the specialist provider of e-learning, business solutions and interactive services from CPL Training. The deal extends CGA’s product portfolio and tec … view
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Monday 26th March 2018
BrewDog acquires Draft House
BrewDog acquires Draft House: Scottish brewer and retailer BrewDog has acquired Draft House, the 13-strong London-based craft beer operator led by Charlie McVeigh and backed by Luke Johnson. David McDowall, managing director of BrewDog’s bar … view
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Monday 26th March 2018
Propel Monday News Briefing
Casual dining sector faces ‘restructuring wave’ with quarter suffering severe financial distress, warns KPMG: Britain’s casual dining sector will endure a wave of closures in the coming months, with a quarter of restaurant groups al … view
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Friday 23rd March 2018
Update: Drake & Morgan, gap widens between value and mainstream operators, Global Brands results
Drake & Morgan to open second Manchester city centre site: Drake & Morgan, the London-based bar and restaurant group backed by Bowmark Capital, is to open The Anthologist this summer for its second venue in Manchester city centre and 23rd … view
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Friday 23rd March 2018
Prezzo creditors agree CVA
Prezzo creditors agree CVA: Prezzo has had its Company Voluntary Arrangement (CVA) proposal approved by creditors, which will see the closure of 94 of its 300 UK restaurants and rent reductions at others. More than four-fifths (88%) of credito … view
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Friday 23rd March 2018
Friday Opinion
Subjects: Filling falling out the pie market, puritanism is a virus – and it’s spreading, and did KFC save its own skin?
Authors: Glynn Davis, Paul Chase and Caroline Jameson

Filling falling ou … view

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Friday 23rd March 2018
Update: BrewDog results, Admiral appointments, Carluccio’s, Fever-Tree
BrewDog reports Ebitda boost as turnover hits £112m: Scottish brewer and retailer BrewDog has reported an Ebitda boost as sales surged past £100m. The company saw turnover increased 56% to £112m for the year ending 31 December 2017 com … view
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Friday 23rd March 2018
Propel Friday News Briefing
Levels of ‘significant’ financial distress up 8% across UK restaurants: An increasing number of restaurants in the UK have unpaid debts of up to £5,000, new research has revealed. More than 11,000 eateries are showing “significant … view
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Thursday 22nd March 2018
Update: Adnams results, Fuller’s, Easyhotel, Darren Tristano
Adnams report turnover growth operating profit down in year of investment: Adnams, the Suffolk brewer, distiller and retailer, has reported sales up 6.2% to £74.8m for the 12 months to 31 December 2017, with operating profit down 45% to … view
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Thursday 22nd March 2018
Propel Thursday News Briefing
Premium and healthier soft drinks to ‘plug the alcohol gap’: Premium and healthier soft drinks are set to “plug the alcohol gap” in 2018, according to Britvic’s latest Soft Drinks Review. Soft drinks accounted for £6.9bn in sal … view
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Wednesday 21st March 2018
Conviviality reveals plans for £125m fund-raise to save business
Conviviality reveals plans for £125m fund-raise to save business: Conviviality, the UK alcohol wholesaler serving consumers through the on-trade and its franchise retail estate, has revealed plans for an £125m equity fund-raise to provide th … view
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Wednesday 21st March 2018
Update: Ten Entertainment Group and James Hacon
Ten Entertainment Group reports sales and profit growth: Ten Entertainment Group, the UK operator of bowling and family entertainment centres, has reported total sales up 5.5% to £71.0m (52 weeks versus 53 weeks) with total sales up 8.9% … view
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Wednesday 21st March 2018
Propel Wednesday News Briefing
Wagamama launches world’s first walk-away payment app: Wagamama has launched a walk-away payment app that will save diners “12 minutes every meal”. Created in partnership with Mastercard, the world first is described as “Uber for … view
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Wednesday 21st March 2018
Wagamama launches world’s first walk-away payment app
Wagamama launches world’s first walk-away payment app: Wagamama has launched a walk-away payment app that will save diners “12 minutes every meal”. Created in partnership with Mastercard, the world first is described as “Uber for diner … view
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Tuesday 20th March 2018
Update: NewRiver Retail leisure park, Easyhotel
NewRiver chosen to develop 66-acre leisure park in Basingstoke: NewRiver has been appointed by Basingstoke and Deane Borough Council as its nominated developer to bring forward the risk-controlled redevelopment of a 66 acre leisure park i … view
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Tuesday 20th March 2018
Propel Tuesday News Briefing
Multi-site operators back One Planet Plate campaign as diners slam environmental impact of menus: The Sustainable Restaurant Association (SRA) will launch its One Planet Plate campaign on Saturday (24 March) as surveys revealed UK diners … view
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Tuesday 20th March 2018
Operators back One Planet Plate campaign as diners slam environmental impact of menus
Multi-site operators back One Planet Plate campaign as diners slam environmental impact of menus: The Sustainable Restaurant Association (SRA) will launch its One Planet Plate campaign on Saturday (24 March) as surveys revealed UK diners are … view
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Monday 19th March 2018
Paul UK reports turnover and Ebitda up
Paul UK reports turnover and Ebitda up: Paul UK, the 37-strong French bakery and cafe brand, has reported group turnover up 9.6% to £35.4m (2016: £32.3m) in the year to 31 December 2017. Revenue was up 2.4% on a like-for-like basis. Group Eb … view
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Monday 19th March 2018
Conviviality chief executive steps down
Conviviality chief executive steps down: Conviviality, the UK alcohol wholesaler serving consumers through the on-trade and its franchise retail estate, has announced chief executive Diana Hunter has stepped down. Non-executive chairman D … view
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Monday 19th March 2018
Propel Monday News Briefing
East Coast Concepts boss – we see scope for up to 40 sites, sustaining like-for-like growth: East Coast Concepts chief executive James Hitchen has told Propel he believes there is scope for up to 40 sites in total for its Neighbourhood … view
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Sunday 18th March 2018
CAMRA calls for new pubs deal as 18 lost a week
CAMRA calls for new pubs deal as 18 lost a week: The Campaign for Real Ale (CAMRA) is calling for a new deal for pubs in response to fresh data that reveals 18 pubs are being lost every week. It said urgent action was needed to cut the tax bur … view
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Friday 16th March 2018
JDW results briefing: Pricing, politics, suppliers and sector views

JDW results briefing: Pricing, politics, suppliers and sector views

Propel reports on JD Wetherspoon founder Tim Martin’s comments following today’s interim results:

Current trading: Like-for-li … view
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Friday 16th March 2018
Friday Opinion
Subjects: Delivery land-grab still in full swing, protect the powerless, and the hardest job in the world
Authors: Glynn Davis, Ann Elliott and Octavius Black

Delivery land-grab still in full swing … view

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Friday 16th March 2018
Update: JD Wetherspoon results, Conviviality, Greene King, Domino’s, Cineworld
JD Wetherspoon reports like-for-likes up 3.8%: JD Wetherspoon has reported like-for-like sales have increased 3.8% in the six weeks to 11 March 2018, with total sales up 2.6%. It comes as the company reported sales for the 26 weeks to 28 … view
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Friday 16th March 2018
Propel Friday News Briefing
Sector like-for-likes up 0.2% in February, pubs now rolling out faster than casual dining chains: Britain’s managed pub and restaurant chains saw collective like-for-like sales increase 0.2% in February compared with last year, accordin … view
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Friday 16th March 2018
Sector like-for-likes up 0.2% in February, pubs now rolling out faster than casual dining chains
Sector like-for-likes up 0.2% in February, pubs now rolling out faster than casual dining chains: Britain’s managed pub and restaurant chains saw collective like-for-like sales increase 0.2% in February compared with last year, according to … view
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Thursday 15th March 2018
Marston’s chairman to step down, Cineworld results
Roger Devlin to step down as Marston’s chairman: Marston’s has announced Roger Devlin has informed the board of his intention to step down from his role as chairman, and from the board, in view of his other increased business commitme … view
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Thursday 15th March 2018
Propel Thursday News Briefing
Polpo pauses roll-out and refocuses strategy following £2m loss as it exits underperforming sites: London-based restaurant company Polpo has paused its roll-out and refocused its strategy in what it predicts will be a “transformational … view
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Wednesday 14th March 2018
Conviviality shares suspended after discovery of unexpected £30m tax bill
Conviviality shares suspended after discovery of unexpected £30m tax bill: Conviviality, the UK alcohol wholesaler serving consumers through the on-trade and its franchise retail estate, has stopped trading on AIM following an unexpected £30 … view
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Wednesday 14th March 2018
Update: Everyman results, Peel Hunt on Domino’s and Ten Entertainment Group
Everyman reports revenue and Ebitda boost: Everyman Cinemas has reported revenue increased 37% to £40.6m for the year ending 28 December 2017 compared with £29.6m the previous year. Adjusted Ebitda was up 67% to £6.6m compared with £4 … view
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Wednesday 14th March 2018
Propel Wednesday News Briefing
Applegreen reports turnover and profit surge as like-for-like food sales increase 6.5%: Forecourt retailer Applegreen, which houses a number of foodservice brands at its sites across the UK, has reported a turnover and profit surge helped … view
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Tuesday 13th March 2018
Update: Tasty results, Fever-Tree, C&C Group, Grind
Tasty halts new openings, results in line with revised expectations: Wildwood operator Tasty has reported sales up 9.7% to £50.3m (2016: £45.8m) for the 52 weeks ended 31 December 2017. The company generated adjusted Ebitda of £3.5m. I … view
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Tuesday 13th March 2018
Propel Tuesday News Briefing
Deliveroo launches street food startup service: Deliveroo has launched an initiative that focuses on street food startups. Named “Pop-ups”, the initiative will give street food brands 12-week slots at Deliveroo Editions sites, with th … view
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Monday 12th March 2018
Technology and health test sector, Wasabi secures £30m for London expansion
Technology and health test out-of-home food and drink sector, 14.9% increase in Britain’s food-led licensed premises in past five years: Healthy lifestyles are transforming the way consumers eat out, while hospitality is facing a post-B … view
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Monday 12th March 2018
Update: Escape Hunt and Azzurri Group
Escape Hunt opens first UK site in Bristol: Escape Hunt, the global entertainment network offering “escape the room” adventures to the public and corporate clients, has opened its first UK owner-operated site in Bristol. The company s … view
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Monday 12th March 2018
Propel Monday News Briefing
Stonegate at circa 4% like-for-like sales growth, opens call centre, expanding Felson’s pool hall concept: Stonegate Pub Company, which operates about 700 wet-led pubs, has told Propel its like-for-like sales growth is trading at circa … view
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Friday 9th March 2018
Update: Trade bodies' taxes plea, Lucky Voice, Starbucks and BrewDog
Hospitality trade bodies urge decisive action on taxes: Hospitality trade bodies including UKHospitality, the British Beer and Pub Association (BBPA), the Campaign for Real Ale (CAMRA) and the Society of Independent Brewers (SIBA), have c … view
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Friday 9th March 2018
Friday Opinion
Subjects: Creating a compelling corporate narrative, the taste-makers redrawing the food and drink landscape, the architecture of choice and the challenge of technology integration
Authors: James Hacon, Glynn Davis, Paul Chas … view
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Friday 9th March 2018
Propel Friday News Briefing
KFC switches back to Bidvest for 40% of restaurants following delivery saga: KFC UK is switching back to Bidvest for 40% of its restaurants following the delivery saga that resulted in 750 of its 900 sites being closed due to a mass short … view
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Thursday 8th March 2018
Fulham Shore reduces opening plans as serving fewer customers
Fulham Shore expects full-year Ebitda below expectations, reduces number of new openings: Real Greek and Franco Manca operator Fulham Shore has reported headline Ebitda for the year – although in growth – is expected to be below market exp … view
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Thursday 8th March 2018
Caffe Nero has potential for at least 900 UK sites, paid £7.5m for Harris + Hoole
Caffe Nero has potential for at least 900 UK sites, paid £7.5m for Harris + Hoole: Caffe Nero bosses believe there is potential for at least 900 sites in the UK – 150 more than previously estimated. The company, which also operates Harris + … view
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Thursday 8th March 2018
Social Entertainment Ventures appoints former D&D London COO Toby Harris as chief executive
Social Entertainment Ventures appoints former D&D London COO Toby Harris as chief executive: Social Entertainment Ventures, which is the parent company of Bounce ping-pong bars and mini-golf concept Puttshack, has appointed Toby Harris as … view
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Thursday 8th March 2018
Update: Domino’s results, Tossed acquires Vital Ingredient
Domino’s Pizza reports UK like-for-likes up 7.1%: Domino’s Pizza has reported UK like-for-like sales are up 7.1% in the first eight weeks of 2018 with system sales increasing 10.9%. The company said it planned to open between 65 and 7 … view
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Thursday 8th March 2018
Propel Thursday News Briefing
Foodservice price inflation dips to 2.5% in January: Foodservice price inflation dipped to 2.5% in January, according to the latest CGA Prestige Foodservice Price Index. The figure is a fall from year-on-year inflation of 5.1% recorded in … view
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Wednesday 7th March 2018
Restaurant Group like-for-likes still falling 4%
Restaurant Group like-for-like sales still falling 4%: The Restaurant Group has revealed like-for-like sales fell by about 4% in the first eight weeks of its current financial year. In its presentation to analysts, the company also said Franki … view
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Wednesday 7th March 2018
Restaurant Group reports like-for-like sales decline 3.0% in ‘transitional’ year
Restaurant Group reports like-for-like sales decline 3.0% in ‘transitional’ year: The Restaurant Group has reported like-for-like sales fell 3% for the 52 weeks ended 31 December 2017 in what was a “transitional year” for the comp … view
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Wednesday 7th March 2018
Propel Wednesday News Briefing
Consumer spending increases 3.8% in February driven by pubs and restaurants: Consumer spending grew 3.8% year-on-year in February, marking the third consecutive month in which growth rose above the prevailing rate of inflation, according … view
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Tuesday 6th March 2018
Charles Wells submits plans for new £13m brewery
Charles Wells submits plans for new £13m brewery: Bedford-based brewer and retailer Charles Wells has submitted plans for a new £13m brewery. The scheme, earmarked for land at Fairhill, off the A6 in Bedford, will feature a 30,000-hectolitre … view
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Tuesday 6th March 2018
Update: Just Eat results, Shepherd Neame results, Bill’s founder
Just Eat reports revenue growth in 2017: Just Eat has reported sales up 45% to £546 million and underlying Ebitda up 42% to £164 million in the year to 31 December 2017. It reported ‘excellent group performance underpinned by strong … view
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Tuesday 6th March 2018
Propel Tuesday News Briefing
Google sells restaurant review guide Zagat to The Infatuation: Google owner Alphabet has signed a deal to sell Zagat, the restaurant review guide, to restaurant discovery platform The Infatuation for an undisclosed amount. The Infatuation … view
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Monday 5th March 2018
Propel Monday News Briefing
Greene King hits 10,000-apprentice milestone: Brewer and retailer Greene King has passed the milestone of supporting 10,000 team members through its apprenticeship programme. The milestone accounts for team members who have graduated from … view
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Monday 5th March 2018
Greene King hits 10,000-apprentice milestone
Greene King hits 10,000-apprentice milestone: Brewer and retailer Greene King has passed the milestone of supporting 10,000 team members through its apprenticeship programme. The milestone accounts for team members who have graduated from the … view
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Sunday 4th March 2018
Update: Prezzo CVA details, Carluccio's, Hawthorn, The Restaurant Group
Prezzo sees debts soar to £220m as it details CVA proposal: Prezzo owes banks and suppliers almost £220m, documents have revealed, as it launches a plea to landlords to reduce its rent bill in order to keep trading. Prezzo has published … view
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Friday 2nd March 2018
Update: Laine results, PCA publishes advice on MRO tenancy terms
Laine Pub Company eyes ‘exciting opportunities’ to grow London estate as it reports turnover and Ebitda boost: Multiple pub operator and brewer The Laine Pub Company, which is backed by Luke Johnson, has said it is looking at some “ … view
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Friday 2nd March 2018
Friday Opinion
Subjects: Raising the bar, restaurant closure outbreak isn’t over and Disney principles still hold good
Authors: Glynn Davis, James Sandrini and Ann Elliott

Raising the bar by Glynn Davis

view
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Friday 2nd March 2018
Revolution reports LfLs up over festive period, down early 2018, Just Eat’s new chairman
Revolution Bars Group reports ‘underlying’ like-for-like sales growth of 1.9% in first 26 weeks, like-for-likes down in early 2018, management team changes: Revolution Bars Group, the operator of 72 premium bars, trading under the Rev … view
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Friday 2nd March 2018
Propel Friday News Briefing
Casual Dining Group reports like-for-like growth, plans further expansion, secures Tesco listing for Bella Italia products: Casual Dining Group (CDG), the operator of circa 290 mid-market restaurant brands including Cafe Rouge, Bella Ital … view
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Friday 2nd March 2018
Casual Dining Group – like-for-like-growth, expansion plans, Bella supermarket listing
Casual Dining Group reports like-for-like growth, plans further expansion, secures Tesco listing for Bella Italia products: Casual Dining Group (CDG), the operator of circa 290 mid-market restaurant brands including Cafe Rouge, Bella Ital … view
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Thursday 1st March 2018
Wagamama reports UK LFLs up 8.2% in third quarter
Wagamama reports UK LFLs up 8.2% in third quarter: Wagamama has reported 8.2% UK like-for-like sales growth in its third quarter for the 12 weeks ending 28 January 2018, increasing from 7.1% UK like-for-like growth in the second quarter. Group … view
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Thursday 1st March 2018
Eataly signs deal for UK debut site, in Bishopsgate
Eataly signs deal for UK debut site, in Bishopsgate: Eataly, the Italian food emporium, has signed a deal with British Land to open a 42,000 square foot venue at 135 Bishopsgate in the City of London, which will be its first site in the UK. Th … view
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Thursday 1st March 2018
Update: Domino’s UK, Merlin Entertainment, Deliveroo, AB InBev
Analyst Douglas Jack issues ‘Buy’ note on Domino’s shares: Peel Hunt leisure analyst Douglas Jack has issued a ‘Buy’ note on Domino’s UK shares, with a price target of 425p per share (shares close on 327p at the end of Tuesday … view
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Thursday 1st March 2018
Propel Thursday News Briefing
Maxwell’s live music venue The Roadhouse in Covent Garden facing eviction threat: The Roadhouse, operated by Maxwell’s Restaurants Group and one of Covent Garden’s oldest live music venues, is “facing eviction” if landlord Capit … view
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