All Gourmet Burger Kitchen (GBK) articles – Page 2
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OpinionChange is happening everywhere
Seismic shifts are sweeping through the sector thanks to a combination of M&A, technological developments and consumer behaviour. Who knows what’s going to happen next?
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NewsNadauld departs GBK as losses narrow
Gourmet Burger Kitchen (GBK) managing director Derrian Nadauld has left his role to return to parent company Famous Brands in South Africa, MCA understands.
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NewsGBK sees lfls up 8.6% on back of previous decline
Gourmet Burger Kitchen UK (GBK) has achieved a like-for-like sales (lfls) increase of 8.6% for the 26 weeks to 25 August 2019. This follows a 9.7% decline seen in the comparable period last year.
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NewsSukhothai undergoes partial MBO
Thai casual dining group Sukhothai has undergone a partial management buy-out (MBO), with the current management team joining founders Gerrard Marks and Yupha (Ban) Kaewkraikhot as shareholders.
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NewsKerr joins Mildreds as FD
Gordon Ramsay Group finance director David Kerr has joined Mildreds, the vegetarian restaurant group, in the same role, MCA understands.
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NewsZaap Thai looking to double estate over next three years
Zaap, the Thai street food concept from Sukho Group, is looking to open another three to four sites over the next three years.
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NewsZaap Thai to make it four with York GBK site
Zaap Thai, the street food concept from restaurant group Sukho Group has secured its fourth site – the former Gourmet Burger Kitchen unit in York.
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OpinionPatty & Bun: 'Complacency is death'
Joe Grossman’s London-centric chain Patty & Bun is responding to challenges in the premium burger market with two new concepts and the launch of several vegan dishes, as Restaurant magazine’s Joe Lutrario finds out.
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NewsGBK hit by landlords exercising break clauses
A further eight landlords have exercised break clauses in the past week on Gourmet Burger Kitchen (GBK) restaurants included in the Company Voluntary Arrangement (CVA) launched last October.
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Analysis & InsightBurger battleground in Covent Garden
MCA market insight director Steve Gotham examines the fierce competition for the patty pound in one of London’s busiest markets and asks whether Covent Garden can be viewed as a microcosm of the wider market.
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NewsCrosstown lines up two more
Crosstown, the artisan doughnut and speciality coffee concept, has lined up two more sites, which will take it to 11 physical stores over all.
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Analysis & InsightTime for a chain reaction?
CVAs offer a lifeline for struggling chains. But long-term, can the very notion of a ‘quality chain’ survive this current casual dining crisis? In his monthly column for MCA’s sister-title Restaurant, Tony Naylor shares his, perhaps controversial, views.
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NewsHalal Guys to replace GBK in Earls Court
US franchise The Halal Guys is to replace Gourmet Burger Kitchen in Earls Court, MCA has learnt.
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Analysis & InsightBig no longer beautiful among casual restaurant brands?
Are the days of restaurant brands growing to 100+ sites really over? MCA’s market insight director, Steve Gotham, takes a look at what can be learnt from the chains that have already surpassed this milestone and who has the potential to be the next centurion of casual dining.
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NewsCampbell joins Yard Sale Pizza as NED
Yard Sale Pizza, the restaurant and delivery concept, has hired Hawksmoor chairman Paul Campbell as a non-executive director, MCA has learnt.
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NewsCrosstown launches Hammersmith, eyes travel hub opportunities
Crosstown, the artisan doughnut and coffee shop concept, has opened a new small footprint unit at Hammersmith Broadway station, which could lead to further travel hub sites, MCA understands.
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NewsGBK’s CVA proposals approved by creditors
Gourmet Burger Kitchen’s (GBK) CVA proposals were approved by “an overwhelming majority”, at meeting of unsecured creditors earlier today.
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NewsGBK lfls fell 9.7% in H1; Wimpy revenue up 13.6%
Gourmet Burger Kitchen (GBK) saw like-for-like (lfl) sales fall by 9.7%, compared to a 3.2% seen in 2017, in the 26 weeks to 26 August 2018.
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News
GBK lfls down 8.2% year to date
Famous Brands, the South African-based company, which acquired GBK for £120m in September 2016, said the better burger chain’s trading position declined year-on-year with like-for-like sales down c12.6% over two years, and down c8.2% year to date, as it initiated a Company Voluntary Agreement (CVA) process for the struggling business.