All articles by Georgi Gyton – Page 32
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Analysis & InsightConsumers cutting back on eating out
Restaurant spend fell 12.2% in September, with pub and bar spend in negative territory for the first time since March 2021, as consumers choose to stay in, according to Barclaycard
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NewsJamie Oliver Group to open new Dublin restaurant
The chef’s global restaurant business is to open the new restaurant with franchise partner Gerry Fitzpatrick, as part of plans to grow its estate by 18 sites this year
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NewsIn pictures: Pitcher & Piano Birmingham’s new look
Following a £800k refresh, the ground floor of the Brindleyplace venue now features a fluted bar front and decorative wall art, with a private dining space and bookable spaces added
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Analysis & InsightWest End footfall still 20% down on pre-pandemic levels
Monthly sales forecasts are being revised down for the remainder of 2022, according to research from the New West End Company.
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NewsItsu achieves restaurant EBITDA increase of +160%
The Asian food brand said it expected shop sales in H2 2022 to match 2019 sales on a like-for-like basis, which it described as “a significant achievement”
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NewsCooks Coffee announces £1.5m capital raise
The Esquires and Triple Two Coffee franchise operator has announced a planned £1.5m fund raising in conjunction with its proposed admission on the Aquis Stock Exchange
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NewsGreene King adds ESG to list of strategic drivers
The change will mean the pub operator and brewer will place an even greater focus on supporting communities, giving people better lives and reducing environmental impacts
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NewsTim Martin: ‘We take the McDonald’s approach to menu development’
While several of JD Wetherspoon’s new menu items have been selling well, it’s more about small tweaks rather than a radical overhaul, its chairman tells MCA.
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NewsPizza Hut Restaurants: The ambiguity of the model is a positive
The fact the brand is hard to categorise is a positive in terms of its ongoing evolution, says Heart With Smart Group CEO Jens Hofma
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NewsTortilla: ‘The potential is there for +200 sites’
New whitespace mapping has shown the potential for more than 200 UK Tortilla sites, CEO Richard Morris has shared.
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NewsJollibee to maintain UK openings programme
The Filipino fast food chain recorded a loss of £4m in the UK last year, with VP market head for Europe, Adam Parkinson recently stepping down from his role
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NewsPizzaExpress builds new pipeline of UK sites
The restaurant group significantly reduced its losses to £48.9m in the year to 2 January 2022, with its UK & Ireland business contributing EBITDA of £80.7m
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InterviewsWimpy: ‘There is a positive future for us on the high street’
The brand is keen to expand outside its southern heartland and has been embracing technology in a bid to modernise
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NewsTortilla hints at European expansion next year
The fast-casual Mexican restaurant chain is looking to “dip its toes into potential European opportunities next year”, chief executive Richard Morris has said.
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NewsJens Hofma: ‘I am allergic to top-down management’
The Heart with Smart CEO believes a stronger business comes from giving more accountability to frontline teams
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NewsMcDonald’s: ‘The business is unrecognisable’
The fast food chain had already embarked on its journey with technology before the pandemic, but rapidly evolving consumer trends set a new pace of change, COO Gareth Pearson said
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NewsCity Pub launches share buyback programme
The 40-strong pub group has commenced a share buyback programme, in respect of its ordinary shares of 1p each, as referenced in its interim results last month
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NewsBurger & Lobster achieves 40% rise in revenue
The nine-strong London restaurant group achieved EBITDA of £1.8m in the year to 2 January 2022 and said it was actively looking for new sites in the UK and overseas
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NewsRare Restaurants’ owner turns around £11m loss
Parent company Lomo Topco has announced turnover for the group, which operates Gaucho and M Restaurants, of £53m for the 53 weeks to 2 January 2022, up from £29.6m in 2020
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InterviewsNisha Katona: ‘There was no playbook for me on leadership’
The ability to enrich the lives of others and for staff to finish their shift “walking a bit taller” is what motivates the founder and CEO of Mowgli