All articles by Georgi Gyton – Page 53
-
NewsMowgli reports ‘extremely strong trading’
The Nisha Katona-led restaurant group said like-for-likes remained materially above pre-Covid levels across all segments of the business, since the full lifting of restrictions last July
-
NewsNightcap: ‘The window of opportunity is still open’
The bar group is continuing to see favourable rents and landlord incentives and hopes to open five or six sites for each of its core brands per year
-
Analysis & InsightLunch sees share gain as office workers return
As more workers returned to the office last month, lunch grew to make up more than one in four occasions in the overall eating and drinking out market, according to Lumina Intelligence
-
Analysis & InsightDelivery and takeaway sales remain strong
Eat-at-home sales accounted for around 26 pence in every spend within managed pub and restaurant groups last month, according to the latest CGA & Slerp Hospitality at Home Tracker
-
NewsGiggling Squid debuts Welsh site
The new 3,000 sq ft site will open in Cardiff’s St David’s dining quarter on the Hayes, later this year, and forms part of the BGF-backed Thai restaurant group’s expansion plans
-
NewsBob & Berts to accelerate expansion in England
The BGF-backed coffee shop operator is focusing on the north of England before moving further south as it plans to double its estate
-
NewsSupport needed to avoid menu price rises
While 85% of consumers are expecting prices in pubs and restaurants to rise, government support could help avoid operators’ extra costs being passed on, the latest Future Shock report suggests
-
NewsRed Oak has ‘significant capital’ following recapitalisation
The business completed five portfolio acquisitions in 2021, with the refinancing enabling it to enter the next stage of its acquisition programme
-
NewsTRG making ‘good progress’ against strategic objectives
Its Wagamama and Pubs divisions have continued to outperform the market since the year end, with a strong pipeline of openings for both businesses, TRG said in its full year results to 2 January 2022
-
NewsTim Hortons is ‘in the midst of a fast-paced expansion plan’
The Canadian QSR brand has opened seven new drive-thru sites in the UK so far this year as part of plans to add 40 sites in 2022
-
InterviewsZizzi: ‘We are on a mission to become a superbrand’
The Italian restaurant operator told MCA it had sharpened its brand identity as part of its drive to become an omnichannel leader, with a new retail range launching in Tesco this week
-
InterviewsOle & Steen: ‘There are huge opportunities for us’
The Danish bakery brand is investing in a multi-million bakery production unit which will give it the scope to open a further 60-70 new sites, MD Lee Nixon told MCA’s Food to Go Conference
-
InterviewsLeon: ‘EG deal has really opened up opportunities for us’
MD Glenn Edwards told MCA’s Food to Go Conference the brand’s two sites in petrol forecourts are doing “phenomenally well”, with the company planning to do more of those this year, in addition to traditional high street stores
-
NewsHostmore has keen eye on acquisition opportunities
The operator of Fridays and 63rd + 1st is looking for proven concepts with a cuisine that offers something different to the mass market, CEO Robert B Cook told MCA
-
NewsState of Play secures $35m of growth capital
The operator of Bounce ping pong venues, and modern bingo concept Hijingo, is looking to accelerate its expansion in Europe and the US, including the roll-out of Flight Club which it operates under licence in North America
-
NewsNightcap revenues up more than 700%
The late-night bar group has seen like-for-like growth of 24.8% for the nine weeks ended 27 February 2022, compared to 2020, and has readied itself for “fast and sustainable growth” this year and beyond
-
NewsHostmore reduces losses following year of growth
The operator of Fridays and 63rd + 1st saw strong like-for-like (lfl) growth last year, but in the eight weeks to 27 February 2022 lfl sales were down around 3% on 2019 levels
-
NewsNew chairman at Hostmore
Neil Johnson is due to be replaced by Gavin Manson, following the group’s AGM in May
-
Analysis & InsightRestaurants’ like-for-like sales up 9% in February
Bars also saw strong growth of +7%, as they benefited from the scrapping of vaccination passports, but pubs fared less well, according to the latest Coffer CGA Business Tracker
-
InterviewsGail’s: ‘Holy grail property deals are few and far between’
Competition for prime sites is strong, and unless you are offering something new you may miss out, says property director Brett Parker