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Wednesday 31st March 2021
Deliveroo share price sees circa 20% recovery after company has £2.2bn wiped off valuation in initial trading
Deliveroo share price sees 20% recovery after company has £2.2bn wiped off valuation in initial trading: Deliveroo’s share price has sunk by circa 20% after initially dropping 30% on its opening day of trading on the stock market. The start … view
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Wednesday 31st March 2021
Fuller’s prepares for re-opening with share placing
Fuller’s prepares for re-opening with share placing: London-based pub operator Fuller’s is to place up to 6,455,447 new ‘A’ Ordinary Shares at a price of 830 pence each – to raise circa £53m. There is also an issue of B shares. … view
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Wednesday 31st March 2021
Propel Wednesday News Briefing
Anand – acquisition of 42 pubs from Stonegate is first step in our plan to build a differentiated pub company: Rooney Anand, executive chairman of new investment vehicle RedCat Pub Company, has said the group’s acquisition of a 42-str … view
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Tuesday 30th March 2021
Opinion Special: Shaping the post-covid landscape

Shaping the post-covid landscape by Mark Wingett

Next month, the UK’s hospitality sector will begin its great reopening… again. In contrast to last year’s emergence out of the first lockdown, it will do so with hope emboldened by a … view
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Tuesday 30th March 2021
JD Wetherspoon to invest £145m in new pubs and upgrades, creating 2,000 jobs
JD Wetherspoon to invest £145m in new pubs and upgrades, creating 2,000 jobs: JD Wetherspoon is set to invest an initial £145m developing new pubs and upgrading existing pubs – creating 2,000 jobs in the process. The company is keen t … view
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Tuesday 30th March 2021
Propel Tuesday News Briefing
JW Lees set to target acquisition of suburban pubs in north west heartland, secures £10m funding line: North west brewer and retailer JW Lees is set to target acquisitions of suburban pubs in its heartland as it builds back from the pand … view
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Monday 29th March 2021
RedCat Pub Company set to acquire 42-strong pub package from Stonegate in circa £20m deal
RedCat Pub Company set to acquire 42-strong pub package from Stonegate in circa £20m deal: RedCat Pub Company, the new investment vehicle from ex-Greene King chief executive Rooney Anand, is set to make its maiden acquisition, with a deal for … view
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Monday 29th March 2021
Update: Tim Martin’s vaccine passport warning, Brighton Pier Group, Ten Entertainment and Domino’s
Tim Martin warns vaccine passports would be ‘last straw’ for pubs, culture secretary says they would not be permanent: JD Wetherspoon chairman Tim Martin has said vaccine passports would be “the last straw” for struggling pubs and … view
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Monday 29th March 2021
Propel Monday News Briefing
Campbell – we have got to wean ourselves off discounting and move forward, the customer is the focus of everything we do: David Campbell, group chief executive of PizzaExpress, has said the company has got to wean itself off discounting … view
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Monday 29th March 2021
Three in five licensed premises won’t have space to trade outside
Three in five licensed premises won’t have space to trade outside, managed operators and larger regional cities proving most resilient against pandemic: About three in five licensed premises will not have some kind of space to trade fro … view
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Friday 26th March 2021
Track and trace to resume for hospitality with every customer legally required to sign in
Track and trace to resume for hospitality with every customer legally required to sign in: NHS Track and Trace is set to resume for hospitality businesses upon reopening with every customer being legally required to sign in, and not just … view
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Friday 26th March 2021
Friday Opinion
Subjects: Using VAT to level the new playing field, flexibility of freelancers, a year in property deals, why we are drinking less – but better – wine
Authors: Matt Fountain, Ann Elliott, Stephen Owens, Michael Saundersview
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Friday 26th March 2021
Update: Bubblewrap, covid certification, Deliveroo and Safestay
Bubblewrap sets out ambitious rollout plan: London-based waffle cone concept Bubblewrap is to pursue an aggressive development plan across the UK and selected international markets in partnership with business developer Seeds Consulting, … view
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Friday 26th March 2021
Propel Friday News Briefing
New vehicle Aspirational Brands to oversee rollout of multiple concepts, including Handmade Burger Co: Aspirational Brands, a new growth vehicle, has been formed to roll out a number of concepts across the UK, including Handmade Burger Co … view
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Thursday 25th March 2021
Update: Vaccine passports ‘unworkable’, booking demand, Inn Collection Group, Cineworld et al
Kate Nicholls – proposals to bar pub customers who have not had vaccine ‘unworkable’: UKHospitality chief executive Kate Nicholls has said proposals to allow pubs to bar entry to customers who have not had a covid vaccine would be … view
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Thursday 25th March 2021
Propel Thursday News Briefing
Greene King in discussions with landlords on Loch Fyne estate: Brewer and retailer Greene King has started discussions with landlords of its Loch Fyne restaurant business, ahead of making a decision whether to formally proceed with a comp … view
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Wednesday 24th March 2021
Propel Wednesday News Briefing
Social Entertainment Ventures rebrands, appoints Strahan Wilson as new CFO: Social Entertainment Ventures (SEV), the US and UK experiential leisure operator, has rebranded under the new name State of Play Hospitality, and appointed Straha … view
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Tuesday 23rd March 2021
Exclusive: James Spragg to step down as The Big Table CEO, Alan Morgan to take reins
Exclusive – James Spragg to step down as The Big Table CEO, Alan Morgan to take the reins: James Spragg is to step down as chief executive of The Big Table Group, the Epiris-backed operator of the Bella Italia, Cafe Rouge and Las Iguanas bra … view
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Tuesday 23rd March 2021
Leon closes US business, Time Out withdraws from planned market in London Waterloo
Leon closes US business to focus on UK and Europe: Natural fast food brand Leon has closed its operations in the US, to focus on its business in the UK and Europe, Propel has learned. The John Vincent-led business launched in the US in Se … view
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Tuesday 23rd March 2021
Update: Deliveroo, Cineworld and Everyman
Shadow cast on Deliveroo £9bn listing: Deliveroo is facing investigations in Europe over the legal status of its riders, potentially casting a shadow over its £9bn stock market listing. The company revealed in the prospectus for its ini … view
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Tuesday 23rd March 2021
Propel Tuesday News Briefing
Loungers co-founder Bishop invests in Hub Box, as it gears up for next stage of growth: Jake Bishop, co-founder of Loungers, has invested in Hub Box, the south west-based burger and barbecue concept led by Richard Boon, as it looks to ope … view
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Tuesday 23rd March 2021
Popeyes to launch in UK
US fried chicken brand Popeyes plans UK launch: Popeyes Louisiana Kitchen, the US fried chicken quick service restaurant brand, has announced plans to enter the UK this year, with the goal of opening 350 new restaurants in Britain over th … view
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Monday 22nd March 2021
Deliveroo IPO admission could be priced at up to £8.8bn
Deliveroo IPO admission could be priced at up to £8.8bn, as its sets price range: Deliveroo’s initial public offering has been set at £3.90 to £4.60 per share, implying an estimated market capitalisation at admission of between £7.6 … view
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Monday 22nd March 2021
Propel Monday News Briefing
Stenning – the hospitality sector in 2021 has lost further ground following the Budget: Simon Stenning, leading sector analyst and founder of FutureFoodservice, has said the hospitality sector in 2021 has lost further ground following t … view
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Sunday 21st March 2021
Update: Loungers, Fazenda, Ole & Steen, Marston’s, outdoor funding et al
Berenberg – Loungers could grow to reach 1,000 sites with an equity value of £2bn: Cafe-bar operator Loungers could eventually grow its current circa 170-strong estate to reach 1,000 sites and see its equity value grow to in excess of … view
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Saturday 20th March 2021
Exclusive – Imbiba invests in Pizza Pilgrims
Exclusive – Imbiba invests in Pizza Pilgrims: Hospitality investor Imbiba has invested £3.5m into Pizza Pilgrims, the London-based pizzeria concept founded by Thom and James Elliot, to aid its future expansion plans, Propel has learned … view
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Friday 19th March 2021
Friday Opinion
Subjects: Bandwagons and scapegoats, the real experience awaits, rebuilding customer confidence on the journey to reopening, 12-step roadmap to building back better, 
Authors: Paul Chase, Glynn Davis, Gary Goodman, Malcolm M … view
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Friday 19th March 2021
Update: Wetherspoon results, Hawthorn, McDonald’s, Jeremy King and consumer confidence
JD Wetherspoon first-half like-for-like sales down 53.9%, agrees further £51.7m CLBILS: JD Wetherspoon has reported a 53.9% decline in like-for-like sales in the 26 weeks to 24 January 2021, with revenue down by 53.8% to £431.1m (2 … view
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Friday 19th March 2021
Propel Friday News Briefing
Bowley – the big question we are looking to crack is what’s the operating model of the future?: Zoe Bowley, managing director of PizzaExpress, has said the past 12 months has allowed every bit of the business to be evaluated and has l … view
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Thursday 18th March 2021
Stonegate hit by £746m loss on back of pandemic-led pub closures
Stonegate hit by £746m loss on back of pandemic-led pub closures: Stonegate Pub Company has reported a £746m pre-tax loss after the coronavirus regulations forced it to close the majority of its pubs and turn to investors and debt marke … view
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Thursday 18th March 2021
Propel Thursday News Briefing
Lord to take High Court action after government fails to provide any new roadmap evidence: Sacha Lord, night-time economy adviser for Greater Manchester, is to take High Court action to force a judicial review of the reopening roadma … view
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Wednesday 17th March 2021
Parliamentary committee – hospitality sector has not seen sufficient data to underpin decisions relating to its industry
Parliamentary committee – hospitality sector has not seen sufficient data to underpin decisions relating to its industry: A report published earlier this week by the House of Commons Public Administration and Constitutional Affairs Sele … view
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Wednesday 17th March 2021
Propel Wednesday News Briefing
Reilley – the government must bring landlords and tenants to the negotiating table: Landlords and tenants must be brought to the negotiating table by the government in order to avoid catastrophic business failures when the rent moratori … view
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Tuesday 16th March 2021
Opinion Special: The first cut was the deepest by Mark Wingett

The first cut was the deepest by Mark Wingett

Beginning in the summer of 1973, John Lennon started what was to become known as his “lost weekend”. Separated from what was seen as his “emotional rock” Yoko Ono, the “weekend” w … view
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Tuesday 16th March 2021
Greggs to accelerate multi-channel development strategy
Greggs to accelerate multi-channel development strategy: Greggs has reported it has accelerated its multi-channel development strategy, with delivery and wholesale channels contributing an increasing proportion of total sales. Click & Col … view
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Tuesday 16th March 2021
Propel Tuesday News Briefing
Nightcap looking to build a 150-strong business of three to four brands: Listed bar operator Nightcap, which owns London Cocktail Club (LCC), is looking to build a business of up to 150 sites through the acquisition of three or four brand … view
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Monday 15th March 2021
Hugh Osmond – why I'm mounting a legal challenge over delayed sector re-opening
Hugh Osmond – why I’m mounting a legal challenge over delayed sector re-opening: Sector investor Hugh Osmond has explained why he is planning a legal challenge to the delayed re-opening of the hospitality sector. Writing in the Daily … view
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Monday 15th March 2021
Propel Monday News Briefing
Mackenzie – government needs to create stimulus to bring people back to city centres: The sector needs the government and local councils to think about creating stimulus to bring people back into city and town centres, Greene King chief … view
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Sunday 14th March 2021
Hugh Osmond joins legal action over reopening roadmap, Pret launches first grocery range
Hugh Osmond joins legal action to force judicial review of reopening roadmap: Serial sector investor Hugh Osmond is backing the legal action to force a judicial review of the roadmap, demanding pubs and restaurants be allowed to have cust … view
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Friday 12th March 2021
Friday Opinion
Subjects: The power of neighbourhood restaurants, the decision makers, who strives for ‘normal’? 
Authors: Glynn Davis, Ann Elliott, Prask Sutton
 

The power of neighbourhood restaurants by Glynn … view

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Friday 12th March 2021
Propel Friday News Briefing
Sector heading for ‘sharp recovery’: Significant levels of corporate activity are predicted in the sector as a result of a very sharp return to positive trading that will see 2022 forecast to beat trading in 2019 – combined with ser … view
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Thursday 11th March 2021
Legal Briefing

Requirements and opportunities – hospitality’s homecoming by Michelle Hazelwood

Hospitality has received plenty of uplifting news over the past few weeks to offset against some of the recent disappointments. The Budget has presented … view
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Thursday 11th March 2021
Marston’s chief executive Ralph Findlay to step down after two decades in charge
Marston’s chief executive Ralph Findlay to step down after two decades in charge: Marston’s chief executive Ralph Findlay is to step down at the end of the current financial year ending 30 September 2021. The process to appoint his su … view
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Thursday 11th March 2021
Propel Thursday News Briefing
TRG to expand geographical reach of Brunning & Price, Wagamama estate doing 3.3 million deliveries weekly: The Restaurant Group (TRG) is planning to expand the geographical reach of its 70-strong Brunning & Price brand as part of its plan … view
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Wednesday 10th March 2021
Government launches call for evidence over rent debt situation as it extends moratorium by three months
Government launches call for evidence over rent debt situation as it extends moratorium by three months: The government has launched a call for evidence on potential interventions to the rent debt situation as it extended a ban on evictions of … view
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Wednesday 10th March 2021
Swingers heads to US as it closes $20m funding round to support expansion
Swingers heads to US as it closes $20m funding round to support expansion: Street food and crazy golf concept Swingers is to expand into the US following the closure of a $20m funding round. Swingers, which operates two sites in London – in … view
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Wednesday 10th March 2021
The Restaurant Group eyes growth in pubs and Wagamama as it raises £175m
The Restaurant Group eyes growth in pubs and Wagamama as it raises £175m: The Restaurant Group has outlined its growth ambitions for its Wagamama and pubs business, including a five times increase in the number of Wagamama delivery kitch … view
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Wednesday 10th March 2021
Propel Wednesday News Briefing
Domino’s boss – we will turbocharge investment to double our collection business: Domino’s chief executive Dominic Paul has outlined how the company wants to grow its collection business. Speaking following the company’s full-year … view
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Tuesday 9th March 2021
Domino’s plans 200 more UK stores as like-for-like sales rose 10.3% in 2020
Domino’s plans 200 more UK stores as like-for-like sales rose 10.3% in 2020: Domino’s Pizza UK has reported a strong UK and Ireland performance, with system sales of £1,348.4m in the 52 weeks to 27 December 2020, up 11.4% in total wi … view
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Tuesday 9th March 2021
Propel Tuesday News Briefing
More than three quarters of operators that switched to online sales during pandemic plan to continue post-covid: More than three quarters (78%) of operators that have switched to online sales during the pandemic – including DIY meal kit … view
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Monday 8th March 2021
Exclusive: Oakman acquires bulk of ex-Seafood Pub Co business, Neve to head up new division
Exclusive – Oakman acquires bulk of ex-Seafood Pub Co business, Neve to head up new division: The Oakman Group has acquired six former Seafood Pub Company sites out of administration, Propel has learned. As well as restoring some 150 jobs, S … view
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Monday 8th March 2021
Deliveroo’s Will Shu – “we are still only getting started”
Deliveroo’s Will Shu – “we are still only getting started”: Deliveroo has unveiled plans for an initial public offering. Will Shu, founder and chief executive of Deliveroo, said: “I never set out to be a founder or a chief execu … view
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Monday 8th March 2021
Propel Monday News Briefing
Lord – we are sending the government a letter of claim, explaining why the roadmap is unlawful: Sacha Lord, night-time adviser for Greater Manchester, has said early this week he and his legal team are sending the government a letter of … view
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Saturday 6th March 2021
Exclusive: Cain International acquired Prezzo out of administration for circa £5m
Exclusive – Cain International acquired Prezzo out of administration for circa £5m: Cain International, the privately held investment firm operating in Europe and the US, acquired the majority of the Prezzo business from its administra … view
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Friday 5th March 2021
Friday Opinion
Subjects: Black swans and grey rhinos, the tax that dare not speak its name, finding focus for reopening, the alfresco bonanza
Authors: Kate Nicholls, Paul Chase, Graeme Smith, Craig Rachel, Glynn Davis
 
view
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Friday 5th March 2021
Propel Friday News Briefing
Hawksmoor secures £4m loan, in talks to refinance bank debt: Hawksmoor, the Graphite Capital-backed steakhouse concept, secured a £4m loan to aid its liquidity during the crisis, and is in talks with its banking partner regarding a refi … view
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Thursday 4th March 2021
Osmond – For the hospitality industry, unpaid back rent of over a year is now an existential threat
Osmond – For the hospitality industry, unpaid back rent of over a year is now an existential threat: Serial sector investor Hugh Osmond has said that for the hospitality industry “unpaid back rent of over a year is now an existential threa … view
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Thursday 4th March 2021
Propel Thursday News Briefing
Wendy’s plans 20 company-owned UK sites, eyes five openings this year: Wendy’s, the third-largest quick service restaurant chain in the US, plans to open five sites in the UK this year, with a target of eventually operating about 20 c … view
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Wednesday 3rd March 2021
Sector leaders warn long-term support measures still needed
Sector leaders warn long-term support measures still needed: Sector leaders have warned long-term support measures are still needed for the industry despite the Budget giving some “short-term comfort”. Chancellor Rishi Sunak announced hosp … view
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Wednesday 3rd March 2021
Sector gives cautious welcome to industry support in Budget
Sector gives cautious welcome to industry support in Budget: Sector leaders have given a cautious welcome to the support package announced for the industry in today’s (Wednesday, 3 March) Budget. Hospitality businesses will continue to recei … view
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Wednesday 3rd March 2021
Welsh government unveils extra £30m of support for hospitality sector
Welsh government unveils extra £30m of support for hospitality sector: The Welsh government has announced a further £30 million for hospitality, leisure and tourism businesses affected by on-going coronavirus restrictions. It has also c … view
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Wednesday 3rd March 2021
Propel Wednesday News Briefing
‘Heed political and public appetite’ and deliver package of support to help hardest hit, says UKHospitality: UKHospitality is urging the chancellor “to heed political and public appetite” for a package of support for sector busine … view
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Tuesday 2nd March 2021
Furlough extended until September, businesses to contribute to unworked hours from July
Furlough extended until September, businesses to contribute to unworked hours from July: The government is to extend the Coronavirus Job Retention Scheme (CJRS) – known as furlough – until the end of September, but business will be asked t … view
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Tuesday 2nd March 2021
Opinion Special by Alex Reilley – hospitality is in Rishi’s last chance saloon

Hospitality is in Rishi’s last chance saloon by Alex Reilley

Tomorrow’s (Wednesday, 3 March) Budget is arguably the most important day in the history of the hospitality sector. What the chancellor announces when he stands at the disp … view
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Tuesday 2nd March 2021
Greene King boss – businesses, jobs and livelihoods hang in the balance
Greene King boss – businesses, jobs and livelihoods hang in the balance: Greene King chief executive Nick Mackenzie has asked for more government support for the sector to save businesses, jobs and livelihoods that hang in the balance. … view
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Tuesday 2nd March 2021
Propel Tuesday News Briefing
Eight in ten people will take ‘one or two’ UK-based staycations this year: Almost eight people out of ten (79%) will take “one or two” UK-based staycations this year, according to vacation rental site TravelNest’s Travel and Tou … view
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Monday 1st March 2021
Burger King UK outlines pledge to ‘build back better’ post-pandemic
Burger King UK outlines pledge to ‘build back better’ post-pandemic: Burger King UK has set out its roadmap on sustainability, food quality and ethics in a new charter launched entitled “Burger King for Good”. The charter will highligh … view
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Monday 1st March 2021
Exclusive: Opinion Special by Tim Martin – evidence for closure is paper thin

Exclusive: Opinion Special by Tim Martin – evidence for closure is paper thin

In a world dominated by political spin doctors and social media, you sometimes wonder whether the truth exists. Years ago, a famous historian was asked this … view
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Monday 1st March 2021
The Restaurant Group signs £500m of new debt facilities, reports strong trading for delivery and takeaway at 200 sites
The Restaurant Group signs £500m of new debt facilities, reports strong trading for delivery and takeaway at 200 sites: The Restaurant Group has successfully signed commitments in relation to £500 million of new debt facilities, which c … view
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Monday 1st March 2021
Propel Monday News Briefing
Body Text Here … view
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Monday 1st March 2021
Propel Monday News Briefing
Britain’s licensed premises closing permanently at record rate of more than one an hour: Almost 12,000 licensed premises have closed permanently in Britain since December 2019 – at a record rate of more than one an hour, according to … view
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Monday 1st March 2021
Britain’s licensed premises closing permanently at record rate of more than one an hour
Britain’s licensed premises closing permanently at record rate of more than one an hour: Almost 12,000 licensed premises have closed permanently in Britain since December 2019 – at a record rate of more than one an hour, according to … view
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