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All articles by Finn Scott-Delany – Page 24
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NewsNightcap acquires Adventure Bar Group
Nightcap, the recently formed bar and late-night group, has secured its second acquisition with an agreement to buy Adventure Bar Group, the operator of Bar Elba, Blame Gloria, Luna Springs and Tonight Josephine.
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NewsLandlords urge ‘compromise on all sides’
Hospitality operators and landlords should “share the pain” and split rental arrears 50-50 if unable to pay outstanding rent, according to a new proposal drawn up by institutional landlords.
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NewsKFC sees strong growth
KFC grew sales in the UK by 16% in Q1, the second biggest increase worldwide after China.
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NewsCity Pub Group ups Mosaic stake
City Pub Group has acquired a 49% stake in Kensington Park Hotel and increased its shareholding in Mosaic Pub and Dining.
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NewsWhitbread makes £1bn loss
Whitbread, the hotel and restaurant operator, has reported a statutory loss before tax of £1bn, as revenue fell 71.5% to £589.4m during a year of lockdowns and restrictions.
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NewsGreene King takes cautious approach to reopening
Greene King CEO Nick Mackenzie has told MCA customers are “absolutely loving” being back in his pubs, despite the limitations of outside service.
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InterviewsPhil Urban: Outdoor trading ‘lifts the spirits’
Mitchells & Butlers CEO Phil Urban has hailed the euphoria of customers being able to go out and mix with friends after months of lockdown.
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NewsJAB pumps £185m into Pret
Pret A Manger received a £185m cash injection from owner JAB Holdings earlier this year, Companies House accounts reveal.
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NewsDomino’s like-for-likes up 18.5%
Domino’s Pizza Group has reported periods of “exceptional sales”, with like-for-like system sales up 18.5%.
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Analysis & InsightA new era for Leon
The acquisition of Leon for a reported £100m marks the end of an era and the start of a new one for a brand that has been led by one of its original founders for 17 years.
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NewsHammerson: Footfall 80% of pre-pandemic
Landlord Hammerson has reported 90% of operators in its UK estate are currently able to trade, with footfall is “competitive with pre-pandemic levels”.
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NewsWoods to step down from Wagamama
Wagamama CEO Emma Woods is stepping down and handing over to her internally appointed successor, Thomas Heier.
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NewsEG Group acquires Leon
EG Group, the forecourt retailer and fast-food operator, has acquired Leon Restaurants.
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Analysis & InsightBuilt-up demand competes with limited outside supply
Eating out reservations on 12 April were up 79% on the equivalent Monday of 2019, Office for National Statistics data shows.
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NewsEx Eat director plots QSR return
Former Eat director Aunaud Kaziewicz is launching a new concept which he is pitching as the Cote Brasserie of QSR.
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NewsDeliveroo takes ‘prudent’ approach
Deliveroo has reported first quarter orders were up by 114% year-on-year to 71m.
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Analysis & InsightLicensed trade off to a solid start
Licensed premises in England enjoyed a reopening bounce on Monday, with preliminary analysis showing like-for-like sales up 58.6%, compared to the same Monday in 2019.
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InterviewsMark Davies: Sky's the limit for Hawthorn
Hawthorn CEO Mark Davies has told MCA the “sky’s the limit” for the pub company when it lists as a separate entity.
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NewsJust Eat orders up 96%
Just Eat processed 64m orders in the UK in Q1 2021, growth of 96% on the same period in 2020.
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NewsRevolution secures new CBILS
Revolution Bars Group has secured a further £3.5m CLBILS, while its bank NatWest agreed to waive £2m of amortisation scheduled for September 2021, taking its total available facilities to £40.3m.