All articles by Georgi Gyton – Page 57
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NewsSalt Yard and Bababoom to join Westfield line-up
Unibail-Rodamco-Westfield signed over 50 new occupiers across its two London sites in 2021, almost half of which were in the hospitality and competitive socialising sectors
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NewsHeineken to increase price of beer
Increasing cost pressures have prompted the manufacturer of brands including Birra Moretti and Desperados to put up the price of its beers
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Analysis & InsightPopularity of restaurant lunches on the up
Lunch’s share of occasions increased by +9ppts in the 12 weeks to 23 January, with dinner occasions seeing a decline, according to Lumina Intelligence’s new UK Restaurant Market Report 2021/22
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NewsHeavitree saw revenue fall 8% in 2021
Chairman Nicholas Tucker said that while the trading environment remained testing, there were plenty of customers determined to enjoy the offering provided by its pubs
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NewsCorbin & King fights off High Court challenge
MI Squared – a subsidiary of the restaurant group’s largest shareholder Minor International – had sought to block the business from repaying a £34m debt to its Thai backer, after Minor called it in
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NewsLeon launches Club app
Leon launches the first iteration of its app ‘Leon Club’ today in response to feedback from guests on what they look for in a digital loyalty scheme.
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InterviewsJust Eat: ‘Cost took a backseat to growth’
Improving the profitability of its UK business is a key focus for Just Eat as the growth it achieved during the pandemic meant costs took “a secondary seat”, UK MD Andrew Kenny tells MCA.
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Analysis & InsightAverage spend increased during January
Average spend increased by +3.7% in the four weeks to 23 January 2022, according to new data from Lumina Intelligence.
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NewsBranded restaurants fuelling turnover growth
The top 10 branded restaurants by turnover are expected to achieve sales of £3bn in 2022 – exceeding 2019 levels - according to Lumina Intelligence’s new UK Restaurant Market Report
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InterviewsJust Eat: ‘Hybrid working is a tailwind for our business’
The delivery aggregator is encouraged by current patterns in trade and believes there are opportunities for the breakfast and lunch occasions, UK MD Andrew Kenny says
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NewsBrewDog to launch official complaint against BBC
Co-founder and CEO James Watt said “the BrewDog I know and love” was not represented in the BBC Scotland documentary, which the company claims contained “dozens of inaccuracies”
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NewsInn Collection Group poised for £300m sale
The Inn Collection Group is set to be sold by Alchemy Partners to a new company backed by Bourne Leisure tycoons the Harris family, in a deal valued in the region of £300m
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NewsBurger King pushes ahead with flotation plan
Burger King UK owner Bridgepoint has expanded its cohort of advisers, adding a third investment bank, as it moves forward with a £600m flotation of the business, The Times has reported.
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Interviews‘A strong employer brand is a big competitive advantage’
In the battle for quality staff, how good you are as an employer is everything, says Brewhouse & Kitchen CEO Kris Gumbrell
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NewsInn Collection builds its presence in Yorkshire
The Inn Collection Group has secured the Hotel St George in Harrogate, with several more acquisitions due to complete before the end of the month
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Analysis & InsightOperators reluctant to pass cost pressure on to consumers
Despite the increasing cost of energy, labour and raw materials, hospitality operators have told MCA they are hesitant to dampen consumer demand by upping their prices
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NewsRestaurant market to recover to near 2019 levels
The restaurant sector is expected to recover to 94% of its 2019 value in 2022, according to the upcoming UK Restaurant Market Report from Lumina Intelligence. It is set to reach a value of £17.8bn in 2022, up 59% on last year
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NewsBrasserie Bar Co: ‘The business has never been in better shape’
Brasserie Bar Co now has the firepower to accelerate its expansion and is keen to use new owner Alchemy’s experience as backer of The Inn Collection to open up new opportunities, exec chairman Mark Derry tells MCA.
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NewsLate night operators see costs rise by a quarter
Consumers may pay “considerably more” for a night out in future, as operators will have no choice but to pass some of the burden of extra costs, says the NTIA
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NewsWells & Co reports £8m revenue drop
The fifth-generation brewer and pub operator has continued to grow its managed estate and is targeting 50 sites by the end of 2022