All Prezzo articles – Page 5
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Analysis & InsightNever want to get cosy
There is an addiction to providing genuine hospitality that runs right through the continuing success of café/bar concept Loungers, that makes sure it continues to generate standout year-on-year performance. A laser-like focus on providing value-for-money, authentic community engagement and a “home-from-home” proposition, have become key calling cards for the Nick Collins-led business, but with talk of a possible IPO resurfacing, what will the City make of this regional success story, asks Mark Wingett.
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NewsPrezzo reports loss of £65m after closures
Prezzo has reported an operating loss of £65m the year to 31 December 2017.
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NewsPrezzo to refurb half estate in 2019
Prezzo executive chairman Karen Jones has told MCA that a refurbishment programme under a new look and design will be the priority for 2019, with a target of around half the estate.
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NewsOakman appoints Butlins MD as COO
Oakman Inns has appointed Dermot King, outgoing managing director of Butlins, as chief operating officer.
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NewsLoungers takes on former Prezzo site for first relocation
Loungers has taken on the former Prezzo in Penarth, Glamorgan, to relocate the town’s Ocho Lounge.
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News
Wine bar/café concept Hixon Green eyes expansion
Hixon Green, the Hove-based wine bar/café concept is planning to expand across the south east, with a second site set to open in Lewes, East Sussex, and further openings being lined up in Horsham and Tunbridge Wells
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NewsAutumn menu round up: Continued focus on veggie options, with a heartier twist
As the air takes on a decidedly fresher feel, pubs and restaurants are unveiling their Autumn menus filled with a host of heartier options.
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News
Richoux H1 revenue down 10.3%
Richoux Group, the Jonathan Kaye-led listed restaurant group, has reported revenue down 10.3% in the 26 weeks to 1 July compared to the comparable 28-week period last year.
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NewsClick & collect orders up 70% at Prezzo
Prezzo, the TPG-backed Italian restaurant chain, has grown sales from click-and-collect orders by 70% within just one month of a new partnership with online ordering platform, Orderswift.
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Analysis & InsightItalian and Latin cuisines losing market share
Italian and Latin/South American cuisines have both lost share of the UK restaurant market over the past year, according to the latest MCA data.
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NewsJones: 'Prezzo lost its focus on hospitality'
Prezzo executive chair Karen Jones has told MCA’s Restaurant Conference about her decision to take charge of the struggling brand and mission to “make customers love it again”.
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NewsEx-Wahaca people director to joins Bill’s
Odette Schwartz, who earlier this year stepped down as people director at Wahaca, is set to join Bill’s, the Richard Caring-backed restaurant chain, as its new full-time HR director, MCA has learnt.
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Opinion
Pizza Hut seeks marginal gains in a heated market
While the restaurant sector was seeing an explosion of growth, Pizza Hut Restaurants remained focused on consolidating and investing in its estate. Chief executive Jens Hofma, who led the management buyout of the business this year, talks to James Wallin about a return to growth, his concerns about the sector’s obsession with like-for-like sales growth over protecting margins and his frustration that responsible operators have been penalised in the CVA era.
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News
Tony Macaroni eyes 20 franchise openings in 2019
The Tony Macaroni brand is eyeing up to 20 new franchise openings in England and Northern Ireland during 2019.
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NewsBill’s appoints interim HR director
Bill’s, the Richard Caring-backed restaurant chain, has appointed Bridget Hutchinson, formerly of Whitbread and Prezzo, as its interim HR director.
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NewsTRG to acquire Food & Fuel
The Restaurant Group (TRG) has agreed to acquire Food & Fuel, London-based food-led pub operator, in a deal valued at c£15m. MCA understands that the 11-strong Food & Fuel business, which comprises eight gastropubs, one sports pub and two café bars, will be incorporated into TRG’s c65-strong pub arm – ...
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NewsPizza Hut CEO pledges to protect margins over lfl growth
Jens Hofma, chief executive of Pizza Hut Restaurants UK, has told MCA he believes the industry is obsessed with like-for-like growth ahead of protecting margins and that the brand will not be drawn back into the discounting wars.
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NewsJohnson linked to Gaucho bid
Serial sector investor Luke Johnson is the latest name to be linked with a bid for Gaucho, the premium, steak restaurant chain, which was placed into administration last month.
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NewsCarlyle makes bid for Gaucho
Carlyle, the US private equity firm, has made a bid to buy Gaucho out of administration, Sky News reports.
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NewsProove testing out sites as it looks to establish itself as a brand
Proove Pizza is looking to test its concept in various types of location in order to develop itself as a brand.