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All Chimichanga articles
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News
Former Tasty and Giggling Squid directors prep new venture
Former Tasty managing director Jo Morrison and Giggling Squid operations direction Peter Morrison are launching a new all-day dining restaurant concept in Hove.
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NewsLittle swaps Hawthorn for MOD Pizza
Ed Little has left Hawthorn Leisure to join MOD Pizza as head of acquisition, MCA understands.
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NewsGiggling Squid poised to take on former CAU site in Leamington Spa
Giggling Squid has been granted a premise license for the former CAU site in Leamington Spa.
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NewsTamatanga to open third site, at Highcross; plans for more
Indian casual dining restaurant Tamatanga is to open a third site in Leicester’s Highcross shopping centre, and has plans to expand outside the Midlands, MCA has learnt.
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NewsLaurillard: Differentiation key to success
Giggling Squid co-founder Andy Laurillard has credited his company’s 53% uplift in EBITDA to a differentiated offer which does not revolve around pizzas and burgers.
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NewsMOD UK focused on building “significant pipeline”
MOD Pizza UK, the Sir Charles Dunstone-backed concept, has reiterated that it intends to build a significant pipeline of sites across the country, despite posting a c£11m loss for the 12 months to the end of 2017.
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Analysis & InsightItalian and Latin cuisines losing market share
Italian and Latin/South American cuisines have both lost share of the UK restaurant market over the past year, according to the latest MCA data.
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Analysis & InsightBrandwatch: Chiquito
A common feature at leisure and retail parks across the UK, fast-casual Mexican chain Chiquito has underperformed the market in recent years. In response, parent company TRG has been investing in the brand’s development – so have their efforts been bearing fruit? Georgi Gyton investigates.
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NewsMorrison steps down from Giggling Squid
Peter Morrison has stepped down as operations director at Giggling Squid, the BGF-backed Thai casual dining group
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Analysis & InsightGreater use of psychological pricing expected
The use of psychological pricing is expected to increase, as market conditions remain tough and operators try to tempt customers through their doors, according to new MCA research.
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NewsKaren Jones to head Prezzo as Hendry Pickup departs
Karen Jones has been appointed executive chair of Prezzo while chief executive Jon Hendry-Pickup has decided to leave his role.
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News
Wagamama takes Gloucester Quays Chimichanga site
Wagamama has taken on the closed Chimichanga site in Gloucester Quays, MCA understands.
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Analysis & Insight
Managing the casual dining message
There have been no shortage of newspaper headlines about the eating-out sector in recent weeks but are they telling the whole story? Dominic Walsh discusses the situation at Gordon Ramsay Group, Jamie’s Italian, Prezzo and TRG and gives his view on how successfully each has managed the message.
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NewsPrezzo FY lfls fell 8%
The Company Voluntary Proposal proposal document put forward by Prezzo has laid bare the decline in trading the company experienced during 2017
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NewsPrezzo needed a pick up earlier
In what could be the biggest Company Voluntary Arrangement (CVA) the UK’s restaurant sector has experienced, Prezzo is set to shed nearly a third of its estate, including its Chimichanga brand, in a further high profile example of the issues currently impacting the industry. So how did it come to this for a business that sparked a bidding battle and sold for a price that analysts at the time said undervalued it, asks Mark Wingett
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NewsPrezzo awaits CVA sign-off
Investors in Prezzo, the c300-strong operator of its eponymous brand and Mexican chain Chimichanga, have yet to sign off on its plan for a Company Voluntary Arrangement, MCA understands.
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NewsPrezzo to launch CVA
Prezzo, the c300-strong operator of its eponymous brand and Mexican chain Chimichanga, is to enter a Company Voluntary Agreement (CVA).
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News
Analysts corner: Driven to drink
Analysts at Liberum have given their view of the current market and their top picks for the sector, highlighting the potential for premium wet-led venues.
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News
Hunter departs Prezzo
Paul Hunter, operations director for the Chimichanga and MexiCo brands, has departed Prezzo, MCA understands.
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NewsSpotlight falls on Prezzo’s trading
After the struggles faced by Jamie’s Italian and Byron, reports this morning suggest Prezzo could be the next casual dining chain to have to undergo a restructuring.