All articles by Georgi Gyton – Page 33
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Analysis & InsightFive Guys boosts UK profits
Five Guys has reported a 45% increase in revenue within its UK business, to £237.3m for the year to 31 December 2021,with profit after tax of £26.2m - up from £1.8m the prior year.
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NewsFuller’s appoints Sam Bourke to marketing role
The pub and hotels business has appointed Sam Bourke as its new retail marketing director, as it looks to improve the business’ existing brand, digital and in-pub marketing activity.
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NewsRevenue up but pre-tax profit down at Tortilla
The fast-casual Mexican restaurant business reported strong like-for-like sales in the first half of FY21 and into the summer, despite the impact of the heatwave and rail strikes
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NewsBurger King UK to acquire 74 franchise restaurants
The business, which has secured £110m in fixed-term financing, is to indirectly acquire the sites from its second largest franchise partner, through the acquisition of the Karali Group.
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NewsRedCat appoints new CEO
RedCat Pub Company has appointed Phil Birbeck as its new CEO after Chris Hill announced he was stepping down from the business.
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NewsMcDonald’s Restaurants see strong profit uplift
The UK business achieved profit after tax of £113m for the year to 31 December 2021, compared to a loss of £19m in 2020, with like-for-like sales up in 2022
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Analysis & Insight‘Being sustainable is an ongoing journey’
Both Nando’s and Rare Restaurants are working toward a target of becoming net zero by 2030, but the work doesn’t stop there, MCA’s Restaurant Conference heard
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NewsDes Gunewardena to leave D&D
D&D London’s chief executive Des Gunewardena is to step down from his role at the restaurant group, with co-founder, COO and deputy chairman, David Loewi appointed as interim CEO.
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NewsPub and restaurant groups see share value plummet
Escalating energy costs combined with the impact on the economy from the government’s mini-budget has sent share prices tumbling further down
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NewsFlat Iron appoints interim people director
Former Big Table Group HR director Claire Clarke joins the London restaurant group following a three-month stint as interim people director at Loungers
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NewsIncipio achieves ‘all-time high’ turnover
The bar group recorded turnover of £14.9m for the 52 weeks to 26 December 2021, compared to £6.3m in 2020, and remains commmited to expansion within Greater London
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NewsDowning acquires The Pub People Group
The investment manager has acquired the group and merged it with its existing investment in Autumn Pubs, with a view to expanding the combined business
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NewsJust Eat appoints former UK MD as CCO
Just Eat is to expand its management board, with its supervisory board having nominated Just Eat’s UK former MD Andrew Kenny to serve as chief commercial officer.
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![Creams - interior [3]](https://d36hgjhwuw81py.cloudfront.net/Pictures/100x67/4/6/7/275467_creamsinterior3_81776.jpg)
NewsCreams launches partnership with Tesco
Creams Café has announced a partnership with Tesco, which will see it open dessert parlours within the footprint of two of its supermarkets.
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InterviewsShepherd Neame: ‘The ambition is there to scale our retail business’
Growth will come through a mixture of tenanted conversions and selective acquisitions, CEO Jonathan Neame has told MCA.
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NewsBrasserie Bar Co appoints group property director
Ed Little, formerly property director at RedCat Pub Company, will join the group on 5 October
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NewsBig Table acquires Banana Tree
The group has acquired the nine-strong pan-Asian chain Banana Tree for an undisclosed sum, with Anne Chow to lead Banana Tree as managing director
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NewsMowgli considering second London site
A further location in the capital could be on the cards, but it “must make economic sense”, founder Nisha Katona told MCA’s Restaurant Conference
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Analysis & InsightEnergy cost pressures mean ‘it’s impossible to plan’
The challenges posed by energy costs and the need to review restaurant design to capitalise on delivery sales, were debated at a special leaders’ roundtable at MCA’s Restaurant Conference.
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NewsBrewhouse & Kitchen: ‘2022 has been extremely challenging’
The group reported a loss before tax of £1.9m for the year to 25 September 2021, with 2022 challenging due to extra cost pressures