All articles by Georgi Gyton – Page 24
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NewsRedCat: ‘Headwinds will create opportunities for us to grow’
The pub investment company, led by Rooney Anand, achieved adjusted group EBITDA of £7.2m, with a net loss after tax of £5.4m in its first full financial year
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NewsDame Karen Jones appointed as Whitbread non-exec
Winner of MCA’s Retailers’ Retailer of the Year in 2022, Jones joins Whitbread’s board and remuneration committee
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NewsGlendola Leisure: ‘We are in good shape’
The 17-strong operator has worked to rationalise its business and is now ready to take advantage of growth opportunities, MD Alex Salussolia tells MCA
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NewsFridays revamps loyalty scheme
Customers can now win ‘stripes’ on all menu items, which they can then redeem on food and drink, in a bid to reward customer behaviour rather than simply spend.
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Analysis & InsightSpending boosted by Christmas parties and World Cup
Pubs, bars and clubs saw card spend up 12.6% in December – the biggest uplift since May 2022, despite the impact of the rail strikes, found the latest monthly data from Barclays
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NewsBrewhouse sees festive like-for-like sales up 15%
The brewpub group attributed to the growth, not just to it being the first Covid restriction free Christmas since 2019, but also the strength of its festive offer and hard work of its teams.
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NewsGiggling Squid has ‘most profitable year since inception’
The group reported turnover for the 52 weeks to April 2022 of £65.9m, up 94.4% on 2021, with seven new restaurants having opened during the period
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InterviewsJW Lees: ‘The cost of electricity is devastating our business’
William Lees-Jones, MD at the North West brewer, speaks to MCA about festive trading and his optimism despite a challenging year ahead
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Analysis & InsightTop 100 restaurant businesses return to profit
Based on company accounts filed as of 30 September 2022, leading businesses made a combined profit of £19.9m, up from a loss of £673m as at Q3 2021, according to UHY Hacker Young
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Analysis & InsightLandlords seeing merits of experiential venues
People want something extra and truly memorable from a night out, with experiential venues gaining more kudos, according to Toby Harris, chief executive, State of Play.
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Analysis & InsightNo-alcohol volumes outstrip sales of low
The volume of no-alcohol drinks sold in the UK has increased by 21% since 2018, well ahead of the 1% increase in the low-alcohol category, according to data from drinks consultancy IWSR.
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NewsJD Wetherspoon announces January sale
The pub operator is dropping prices across its menus over the first half of this month, including draught beers and ciders, spirits, soft drinks and Lavazza coffee as well as several breakfast dishes
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NewsTrain strikes cost hospitality £2.5bn in lost sales
UKHospitality’s chief executive Kate Nicholls told the BBC this revised figure is £1bn more than originally estimated, due to the fact an expected pre-Christmas bounce back never materialised
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Analysis & InsightLate night venues hit by 20% drop in festive trade
More than 50% of respondents said they did not make enough profit to cover cash reserve requirements for the slower periods, according to a NTIA survey
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NewsWasabi still keen to expand UK restaurant portfolio
The Capdesia-backed business views expansion into more suburban locations as an attractive area for future growth
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NewsPizzaExpress appoints new commercial finance director
Grant Shaw joins the pizza chain this month from his role as head of commercial finance at Côte Restaurants
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NewsRail strikes: 'Drop in footfall greater than anticipated'
UKHospitality had forecast a £1.5bn hit to sales from industrial action in December and early 2023 but has now revised this to £2.3bn as the cold weather led to further bookings being cancelled.
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NewsPret to shelve Veggie Pret concept
Pret will concentrate instead on expanding the vegetarian and vegan range within its core estate. The retailer has also announced an agreement to launch the brand in Israel
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Analysis & InsightMore consumers eating dinner out of home
Fifty-six percent of orders were ordered for consumption onsite for dinner in the last quarter, compared to 30% that were ordered for delivery, according to Lumina Intelligence
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Analysis & InsightMarket penetration up but consumers still cutting back
Consumer confidence was boosted following the announcement on the energy price cap and the appointment of a new prime minister, though in the more recent four weeks that has slipped as temperatures declined and households faced more pressure on bills, according to Lumina Intelligence