All articles by Georgi Gyton – Page 89
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NewsRick Stein moves into coffee market
Rick Stein’s restaurant group is to branch out into the coffee shop market with an opening lined up for Padstow next month.
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NewsPopeyes confident it can achieve “aggressive” expansion plans
US fried chicken brand Popeyes is confident it can reach its target of 350 UK sites over the next 10 years, despite competition in the chicken market, David Shear, president of parent company Restaurant Brands International (RBI) has told MCA.
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NewsFood to go sector expected to surpass 2019 value by next year
The food to go sector is expected to reach a total market value of £21.6bn by 2022, exceeding its value in 2019 when the sector was booming, according to the latest data from Lumina Intelligence.
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NewsSpragg to step down as Big Table CEO
James Spragg is to step down as chief executive of The Big Table after six years at the business – formerly known as Casual Dining Group.
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NewsDon’t miss MCA’s Food to Go Conference today
Make sure you join us for MCA’s 2021 Food to Go Conference this morning for an agenda packed with interviews, insight and discussion focussed on the key topics of people, property, footfall and finance.
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NewsPandemic has cost hospitality sector £86bn in lost sales
The hospitality sector has lost £86bn worth of sales in the year since the first lockdown began on 23 March 2020, according to UKHospitality, with more lost sales opportunities to come if the government doesn’t make some concessions.
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NewsFive Guys CEO says technology has aided survival
Five Guys UK CEO John Eckbert has said its ability to use technology in order to offer new sales channels to customers has helped ensure its survival during the pandemic.
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NewsBerenberg on Loungers
Loungers is well-positioned for growth in a post-Covid 19 world and has the potential to scale to as many as 1,000 sites over time, according to analysts Berenberg.
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NewsJDW pricing strategy a key focus for analysts
The issue of JD Wetherspoon’s ability to push up prices has been called into question by several analysts following its half year financial update last week.
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NewsPure launches membership service as shops reopen
London-based food to go operator Pure is to launch a new membership service today (22 March) called Pure+more, to coincide with the reopening of selected shops for takeaway.
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NewsDeliveroo IPO could reach £8.8bn valuation
Deliveroo has set the price range per share at between £3.90 and £4.60, in advance of its planned IPO on the London Stock Exchange.
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NewsNumber of licensed premises falls by 7,500
The number of licensed premises in Britain has declined by 7,592 (6.6%) in the past year, according to the latest Market Recovery Monitor to be published this week by CGA and AlixPartners.
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NewsBrian Trollip: ‘We are going to work really hard on our delivery business’
The development of Dishoom’s delivery business enabled it to avoid redundancies and keep up with its Meal for a Meal initiative last year, and it will “work really hard” on bettering the service this year, said managing director Brian Trollip.
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NewsScottish government extends rent moratorium
The Scottish government has extended the moratorium on lease irritation for a further six months, going even further than the extensions in England and Wales which run until 30 June.
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NewsWilliam Lees-Jones: ‘A shortage of talent concerns me’
The prospect that staff currently on furlough may not want to return to the business is a big concern for William Lees-Jones, managing director at brewer and pub operator JW Lees.
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NewsConsumers keen to escalate tech use in hospitality
More than half (56%) of 18 to 24-year-olds would prefer to order food and drink online, even after they have been vaccinated, according to the latest Go Technology report from Zonal and CGA.
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NewsMcDonald’s Jason Clark to speak at Food to Go Conference
Jason Clark, senior vice president, and chief operations officer at McDonald’s UK and Ireland is to speak about innovation at the fast-food operator at MCA’s 2021 Food to Go Conference next week (23 March).
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NewsSSP announces £475m rights issue
SSP Group has announced that it intends to raise approximately £475m by way of a ’12 for 25’ rights issue, as it looks to firm up its financial position.
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NewsGovernment must publish data which underpins restrictions on hospitality
The government should publish the data that underpins its decisions on the restrictions imposed on the hospitality sector, according to a new report published by the House of Commons’ Public Administration and Constitutional Affairs Committee.
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NewsRoger Whiteside: ‘Covid has opened up previously unaffordable locations’
Greggs is looking to capitalise on the increasing number of empty retail units, and lower rents, in London, with the changing market conditions giving it access to previously unaffordable areas of the capital.