All articles by Georgi Gyton – Page 103
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Analysis & InsightGood value of greater importance to pub customers
The value of food and drink is of much greater importance to visitors of pubs than other of operators in the eating out market, across all three day-parts, according to the latest MCA Pub Brand Monitor.
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NewsChopstix secures £5m debt facility from Metro Bank
Asian QSR chain Chopstix has secured a new £5m debt facility from Metro Bank, to aid its expansion in shopping centres, high streets and travel hubs.
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NewsPizza Express to focus on upgrading sites as EBITDA falls 7.7%
Pizza Express is to focus its capital investment on upgrading its existing estate in the UK & Ireland, rather than adding new sites, as sales remained flat in the first half of the year.
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NewsFormer Domino’s NED joins board at Intu
Steve Barber, a former non-executive director (NED) at Domino’s Pizza Group has joined the board at Intu in the same role.
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NewsTA Associates invests in global bubble tea brand
Global private equity firm TA Associates has announced it is to invest in Taiwanese bubble tea operator Gong Cha Group, as it looks to expand internationally.
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NewsRobin Rowland steps down from YO! board
Robin Rowland is to step down from his role as a non-executive director on the board of YO! marking the end of a 20-year tenure at the business.
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NewsLondon pub numbers remain stable, says Lord Mayor’s report
The number of London pubs has remained flat, according to new research by City Hall.
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NewsFormer Costa MD appointed CEO at Ole & Steen
Jason Cotta, the former MD for Costa Coffee UK & Ireland, has been appointed as the new chief executive of Danish bakery chain Ole & Steen.
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NewsVagabond to open in Cabot Square
Vagabond’s upcoming Canary Wharf site is to open within 25 Cabot Square, MCA understands.
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NewsPubs Code Adjudicator to step down next May
Paul Newby has announced he will leave office at the end of his current term as Pubs Code Adjudicator, in May 2020, and will not be seeking reappointment.
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NewsHeavenly Desserts signs franchisee agreements for London expansion
High-end dessert café Heavenly Desserts has signed development agreements with two franchisees that should see the operator open nine cafes across London over the next three years, MCA can reveal.
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NewsScottish eating out sector could be hit with mandatory calorie labelling
Food Standards Scotland (FSS) has called for the introduction of mandatory calorie labelling on menus, including food to go items, and takeaways/home delivery.
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Analysis & InsightPub brands lose share at dinner time
Pub brands’ share of visits at dinner time – its most important occasion – in the second quarter of 2019 (April – June), reflecting toughening competition from restaurants and growing customer expectations.
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NewsUnite seeks assurances over Greene King deal
Union Unite has said it is seeking assurances over job protection following the proposed multi-billion-pound bid for Greene King by CK Asset Holdings.
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Analysis & InsightGreene King: A bid out of the blue
The dust had barely settled in the pub sector following the news that Stonegate had reached an agreement to buy Ei Group for £1.27bn, when another bombshell hit in the form of an outside investor looking to snap up Greene King.
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NewsS Group founder takes on Reubens site
Lee Landau, the restauranteur behind Jewish restaurant group S Group, has acquired the former site of kosher restaurant Reubens in the West End, as the business looks to expand.
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NewsBid for Greene King valued at c.£4.6bn
Greene King has received an offer to acquire the business from CK Bidco – a newly incorporated wholly-owned indirect subsidiary of Hong Kong-based property developer CK Asset Holdings (CKA), in a deal valued at c.£4.6bn.
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Loch Fyne’s Horan takes on new role at Greene King
Greene King has appointed Michael Horan as the new business unit director of its 70-strong gastro-pub business Metropolitan Pub Company.
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NewsBarburrito reduces losses after ramping up EBITDA
Mexican fast-casual chain Barburrito has reported a 5% increase in turnover for the 53-week period ended 31 March 2019.
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NewsPaul UK sees lfls up 3.4% in 2018
Paul UK has seen strong turnover and like-for-likes sales growth in the full-year to 31 December 2018, across its 37-strong estate of shops, boosted by an uptick in online revenue.