All articles by Georgi Gyton – Page 63
-
NewsNightclubs in Wales to close after Boxing Day
Night Time Industries Association’s chief executive Michael Kill says the sector has been placed in an untenable position and has no choice but “to come out fighting”.
-
NewsJollibee continues strong growth trajectory
The business, which opened its latest site in Nottingham yesterday, is due to open its first restaurants in Scotland in early 2022 as part of a £30m expansion drive in the UK
-
NewsHospitality industry desperate for support after £4bn sales drop
Greene King CEO Nick Mackenzie said sales in its pubs in some parts of London were down as much as 70% compared to the same period in 2019.
-
NewsTortilla names new operations director
Tortilla has appointed former director at Young’s Stephen Clark as its new operations director, with his predecessor Matt Chapman promoted to franchise director.
-
Analysis & InsightOperators count cancellation costs
The industry has been hit by a surge in cancellations as Omicron spreads, however some report these spots are being filled by other “more intrepid” customers
-
NewsPrepare to bring back furlough, Sunak warned
The IMF has warned Chancellor Rishi Sunak that targeted support packages must be in place in the event that further restrictions are implemented, The Telegraph reports
-
NewsHollywood Bowl reports ‘challenging but rewarding’ year
Hollywood Bowl has strong consumer demand return with record like-for-likes in August.
-
NewsDisappointment over vote in favour of Covid passes
NTIA CEO Michael Kill said the government’s public health messaging over recent weeks had cost the industry billions in trade and that these further measures will stretch even the most prepared nightclub businesses
-
NewsScottish hospitality venues to see return of social distancing
First Minister Nicola Sturgeon said extra measures were necessary to stop the spread of Omicron with further guidance to be published
-
NewsTim Martin: ‘Predictions for profits are hazardous’
JD Wetherspoon’s chairman Tim Martin has hit out at the government’s “radical changes of direction”, stating the implications of further restrictions could lead to a loss-making first half.
-
NewsOakman Group: ‘We’ve had plenty of interest in share scheme’
The group is looking to raise £5m from its first public share offering, executive chairman Peter Borg-Neal has told MCA.
-
NewsBill’s confirms closures as losses widen
The Richard Caring-backed group closed 14 loss-making restaurants during the last financial year as cost pressures forced it to revaluate their performance.
-
NewsOakman to launch public share offering
The Oakman Group is to launch its first FCA regulated fund raise with its first full public share offering to open on Friday 17 December.
-
NewsOakman achieves +16% rise in like-for-likes
Chief executive Dermot King said he did not expect Oakman to be negatively impacted by the recently introduced Plan B restrictions and has forecast year-end sales in excess of £64m.
-
Analysis & InsightPlan B: ‘Restrictions put industry in a precarious position’
The reintroduction of the work from home rule will have a significant impact on pubs, restaurants and food to go outlets based in the capital or city centres, sector leaders have told MCA
-
NewsNovember sales growth below inflation estimates
Total sales across managed pubs and restaurants declined to 2% in November, according to the latest Coffer CGA Business Tracker
-
NewsMcDonald’s opens first carbon zero restaurant
The restaurant in Market Drayton features kerb stones constructed from plastic bottles and art work made from used coffee beans and will act as a blueprint for future restaurants across the country.
-
NewsKFC saw small decline in like-for-like sales last year
The fast food chain’s like-for-like sales in the UK declined by 1.6% for the full year to 27 December 2020 on the back of strong trading in the second quarter.
-
NewsSSP reports revenue decline of +40%
The group said trading levels had improved over the summer and autumn, with revenue averaging 66% of 2019 levels in the first nine weeks of the new financial year.
-
NewsHostmore to increase rate of expansion
In its first update since listing on the London Stock Exchange, the operator of Fridays and 63rd+1st said it had lined up five further sites across the two brands, as EBITDA exceeds 2019 levels.