All articles by Georgi Gyton – Page 10
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NewsNightcap acquires Dirty Martini in £4.65m deal
The late-night bar operator has entered into an asset purchase agreement to acquire Dirty Martini’s 10 bars, as well as Tuttons Brasserie in a pre-pack deal
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Analysis & InsightEating out frequency down 7.1%
Participation in the eating out market may remain static but consumers are visiting venues less often than a year ago, the latest Lumina Intelligence report has found
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NewsBrewDog bars help drive 20% sales growth in 2022
Its new flagship Waterloo and Las Vegas sites have performed above expectations and offer a clear example of how it sees its bar estate evolving, CEO James Watt said.
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NewsGusto appoints new CFO following Bandura’s departure
Phil Dearden joins the restaurant group this month following the departure of CFO Frank Bandura, who has joined Impact Food Group
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NewsDeliveroo launches £20m summer savings campaign
From June to September, the food delivery company will introduce a range of offers, that will enable customers to save money on deliveries from local restaurants as well as grocery items.
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InterviewsCity Pub: ‘We're very confident in our numbers’
The like-for-like growth achieved by the group shows consumer demand is still very strong – but customers aren’t just going to fall at our feet, CFO Holly Elliott tells MCA.
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NewsGong cha looking to pick up pace of UK expansion
The global bubble tea brand is looking to pick up the pace of its expansion in the UK and is eyeing 500 stores by the end of the decade.
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NewsBrakspear boosts senior team at Honeycomb Houses
John Gormally, former head of operations at Pitcher & Piano, joins as interim operations director, while Simone Brown has been appointed to the newly-created role of head of people.
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NewsJames Watt invests in Clean Kitchen Club
The BrewDog CEO and co-founder has revealed he is an investor in the plant-based QSR concept, which has plans to open several larger format central London sites this year.
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NewsNon-exec departure at The Restaurant Group
Alex Gersh will step down from his role as an independent non-executive director and chair of the audit committee in July
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NewsAdnams reports £1.2m operating loss for FY22
Despite significant pressure on its underlying cost base, the business reported a £7m rise in revenue to £64.2m, and a positive EBITDA of £2.7m for the period.
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NewsComptoir Group: ‘We have an extremely strong base from which to leverage growth’
The Lebanese restaurant group is close to completing on a site in greater London, and is in discussions with new franchise partners to open up access to other travel hub and leisure locations
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NewsHostmore sees further fall in like-for-likes
In a trading statement to accompany the group’s AGM today, the TGI Fridays operator reported a 3% decline in like-for-like sales for the 22 weeks to 4 June 2023 – down from -1% in the first 16 weeks.
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NewsCity Pub achieves 20% sales uplift; secures majority shareholding in Mosaic
The group reported a like-for-like sales increase of 13% for the first 23 weeks ended 4 June 2023, which it said would have been higher had it not been for the impact of the rail strikes.
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Analysis & InsightDemand stays strong in face of spending squeeze
Two in five consumers went out to eat or drink on at least a weekly basis in April 2023 – a figure unchanged from the prior month, CGA’s latest Cost of Living Pulse survey has found.
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Analysis & InsightBusiness confidence increased during Q1 2023
More than half of hospitality leaders feel optimistic about the prospects for their business over the next 12 months, according to the Business Confidence Survey from CGA and Fourth
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Analysis & InsightRetail channel driving growth in eating out market
The channel is forecast to grow by 5.3% this year to a value of £20bn as consumers switch to lower-ticket alternatives, Lumina Intelligence highlights in its new UK Eating Out Market Report
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Analysis & InsightM&A deals fall to seven-year low
The total value of mergers and acquisitions involving UK companies more than halved in the first five months of this year, to $89bn, according to the London Stock Exchange Group
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InterviewsThe Alchemist: ‘We have plenty of runway to grow’
Buoyed by the performance of its London venues and the success of its new Berlin site, chief executive Simon Potts tells MCA there is significant scope to expland in the UK and internationally.
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InterviewsItsu: The butterfly effect
Chief customer officer Neil Miller speaks to MCA about the brand’s digital progression, integrating loyalty across its restaurant and grocery businesses and the ‘silver bullet’ potential of its app