Propel Morning Briefing Mast HeadAccess Banner  
Propel Morning Briefing Mast Head Propel's LinkedIn LinkPaul's Twitter Link Paul's X Link

Kronenberg Banner
Morning Briefing for pub, restaurant and food wervice operators

Thu 22nd Jun 2017 - Update: Carluccio’s ends US foray, Bitters ‘n’ Twisted results
Carluccio’s quits US market: Carluccio’s has closed its two locations in Greater Washington, calling an end to its plans to expand in the US. “After a careful review of our US performance we have decided to close our two restaurants in the area,” a Carluccio’s spokesperson said. “While trading was encouraging, the competitive nature of the US market meant margins were lower than anticipated and lower than other markets.” The company closed its Old Town Alexandria and Rockville locations this week. “We are disappointed to learn about the closing of Carluccio’s US locations,” said Jill McCarthy, director of marketing at Pike & Rose, the development that’s home to Carluccio’s Rockville restaurant. Carluccio’s opened at the high-profile corner of S. Union and King streets in Alexandria, its first-ever US location, in June 2015. In February 2016, it opened at Pike & Rose. The company has more than 80 restaurants in the United Kingdom, Turkey and the United Arab Emirates. Carluccio’s departure from the US market laves YO! Sushi, Wagamama, Caffe Nero, Pret A Manger, Wasabi, Nando’s, D&D London and Soho House still looking to expand in the US.

Midlands operator Bitters ‘n’ Twisted reports turnover boost: Birmingham-based multiple operator Bitters ‘n’ Twisted Venues has reported a 13.2% rise in turnover to £7.8m for the year ending 31 August 2016 across its ten venues. Ebitda was in line with the previous year at £1.16m. Removing the effect of the two new openings in the period, like-for-like sales in the period increased 8.2%. Matt Scriven, managing director of Bitters ‘n Twisted Venues, said: “The 12 month period to August 2016 saw investment take place in two new openings, Buffalo & Rye in Birmingham city centre and a Bodega Cantina in Leicester, which has held back profit growth in the period. Both sites have gotten off to a solid if unspectacular start which seems to be the name of the game these days against a backdrop of ever stiffer competition, increasing customer demands and competition for good quality hospitality staff.” Since the end of the period a new Bodega Cantina has opened in Derby in April 2017 and a fifth Bodega Cantina is planned for north Birmingham in the suburb of Sutton Coldfield for September 2017. A significant rent increase at The New Inn in Harborne by the landlord Marston’s as well as a 160% increase in the site’s rateable value has ultimately led to a decision to vacate that site which will happen on 31 August 2017, the company said. It is understood that Marston’s is planning to refurbish and re-open the venue under the Revere brand later in the year. 

Return to Archive Click Here to Return to the Archive Listing
 
Punch Taverns Link
Return to Archive Click Here to Return to the Archive Listing
Propel Premium
 
Pepper Banner
 
Kronenberg Banner
 
Butcombe Banner
 
Jameson Banner
 
UCC Coffee Banner
 
Heinz Banner
 
Alcumus Banner
 
St Austell Brewery Banner
 
Sideways Banner
 
Nory Banner
 
Solo Coffee Banner
 
Small Beer Banner
 
Adnams Banner
 
Meaningful Vision Banner
 
Mccain Banner
 
Pringles Banner
 
Quorn Pro Banner
 
Propel Banner
 
Access Banner
 
Propel Banner
 
Christie & Co Banner
 
Kurve Banner
 
CACI Banner
 
Airship – Toggle Banner
 
Wireless Social Banner
 
Payments Managed Banner
 
Deliverect Banner
 
Zonal Banner
 
HGEM Banner
 
Venners Banner
 
Zonal Banner
 
Kronenberg Banner