All Prezzo articles – Page 8
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OpinionCDG looks to spread the risk
Experience counts and judging from the latest trading update from the Casual Dining Group (CDG) it is helping the business combat the current nervousness spreading across the market. Its latest trading update paints a picture of a resilient business diversifying to spread the risks thrown up by a soft market and producing an impressive EBITDA performance when put up against the barrage of costs it has had to absorb. Mark Wingett looks at what else it has up its sleeve.
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NewsPrezzo awaits CVA sign-off
Investors in Prezzo, the c300-strong operator of its eponymous brand and Mexican chain Chimichanga, have yet to sign off on its plan for a Company Voluntary Arrangement, MCA understands.
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NewsPrezzo to launch CVA
Prezzo, the c300-strong operator of its eponymous brand and Mexican chain Chimichanga, is to enter a Company Voluntary Agreement (CVA).
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News
Analysts corner: Driven to drink
Analysts at Liberum have given their view of the current market and their top picks for the sector, highlighting the potential for premium wet-led venues.
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Analysis & InsightContemporary operators challenging top brands
Five Guys is leading the pack of contemporary operators challenging the established casual dining brands, the latest MCA data has shown.
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News
Prezzo and Barclaycard to trial new payment technology
Prezzo has teamed up with Barclaycard to trial new technology, which allows diners to simply walk out after eating their meal.
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News
Colliers call for business rates reform
Colliers International has called for reform of business rates as restaurant and casual dining brands struggle with the “onerous” regime.
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Analysis & InsightWhat backers want to hear
With high-profile cases of restructuring and site closures becoming more common across the eating-out sector, what does this mean for investment? Alex Dumphy, of law firm Addleshaw Goddard, examines what operators can do to ensure lenders remain on-side during turbulent times for the sector.
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News
Turquoise secures Prezzo sites
Turquoise Kitchen, the Turkish concept from the group behind The Real China, is to double its estate after securing a pair of Prezzo sites.
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News
Hunter departs Prezzo
Paul Hunter, operations director for the Chimichanga and MexiCo brands, has departed Prezzo, MCA understands.
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Analysis & InsightBrandwatch: Prezzo
Prezzo is the latest high-profile brand to show signs of strain in a challenging market. We look at MCA data to assess how it has been performing against the wider market
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NewsSpotlight falls on Prezzo’s trading
After the struggles faced by Jamie’s Italian and Byron, reports this morning suggest Prezzo could be the next casual dining chain to have to undergo a restructuring.
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News
Discounting predicted to remain at elevated levels
The level of discounting in the eating and drinking-out sector hit epic proportions last year and shows no sign of abating as we head into 2018, according to industry experts.
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News
December lfls up 4.8% at Loungers
Loungers recorded like-for-like sales up 4.8% for the four weeks to 31 December 2017
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Analysis & Insight
The great 'scam' of international franchising
Overseas licensing is seen as a natural next step for brands who have established themselves in their home market. But operators should beware that the pavements of foreign markets are not necessarily paved with gold and great care should be taken in finding the right partner. In his latest column, Jasper Reid examines the issue.
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News
Farzi Café secures Haymarket site for UK debut
Farzi Café, the modern Indian bistro concept from the India-based Massive Restaurants Pvt Ltd group, is to make its debut in the UK
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Analysis & InsightOnline promotions at 24 out of 25 top brands
The latest MCA analysis has shown 24 out of top 25 branded restaurant chains have active online promotions, with upselling key.
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News
Operators should not ignore £1bn free-from market
Foodservice operators should not ignore the growing gluten-free opportunity in the UK, delegates at MCA’s Marketing Conference heard last week. Lucinda Bruce-Gardyne, chef and entrepreneur, Genius Foods, said the free-from category was currently worth £1bn in the UK, with 25% of the population buying into the gluten-free occasion – 8% ...
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News
Tony Macaroni doubling up in Aberdeen
Tony Macaroni, the Scotland-based Italian restaurant group, is opening a new site at Aberdeen’s Marischal Square development.
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NewsFreathy steps down as Chimichanga MD
Morag Freathy has stepped down as managing director of Prezzo’s Tex-Mex brand Chimichanga, after less than a year with the business