All articles by Shwetali Sapte – Page 22
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NewsMarket Place to launch first central London location
The food hall concept plans to open near St Paul’s by Q2 next year, in a bid to reach 20 sites in the coming years, managing director Blake Henderson tells MCA
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NewsAdministrators ‘on standby’ at Hostmore
Restructuring experts at Teneo have been tasked with leading the search for potential buyers of TGI Fridays UK restaurants, The Telegraph reports
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NewsCubitt House achieves 22% like-for-like sales growth
The uplift comes as the pub and restaurant operator reported £19.9m in revenue during 2023
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Analysis & InsightResearch indicates steady shift towards experiential venues
Three in five customers say they are more likely to visit a pub or a bar if it offers competitive socialising activities, according to CGA by NIQ
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NewsHospitality faces ‘looming cliff edge’
The end of business rates relief will sting the sector with a £928m bill in April, totalling tens of thousands of pounds per venue, according to UKHospitality
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NewsArc Inspirations turnover nears £50m
The 21-strong bar group is actively pursuing opportunities in London, Cardiff, and Scotland, with four locations in the pipeline as it endeavours to reach the 50-site mark by 2030
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NewsGavin George to step down as Laine CEO
The Laine Pub Company founder will transition to non-executive director within the wider Punch Pubs group, while Russell Danks will lead the management of the Laine division
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Flight Club, Afrikana, Pizza Pilgrims, Lina Stores, and more
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Analysis & InsightPubs contribute heavily to high street closures
16 pubs shut down every week on average between January and June this year, according to PwC, with cafés and coffee shops among those taking their place
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NewsOn-trade remains challenged for Fever-Tree
The drinks supplier’s UK revenue dropped 6% to £50.9m in H1 FY24 against poor weather and a subdued consumer backdrop
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NewsJonathan Adnams steps down as chairman
Simon Townsend has taken over as interim chairman at the Suffolk-based brewer and operator, with Jonathan Adnams stepping down due to health reasons
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InterviewsStonegate on MiXR: ‘The world is our oyster’
The digital platform is underpinning the pub group’s evolution, with a view to extending MiXR across the portfolio - allowing Stonegate to understand consumer behaviour in ways previously only speculated about, Jessica Cooke, director of media and loyalty, tells MCA
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NewsThe Tamil Prince team to launch new casual dining concept
Located on Clapham’s Northcote Road and spearheaded by former Roti King executive chef Prince Durairaj, Tamila aims to “redefine the curry house”
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NewsGreene King announces new executive board structure
Zoe Bowley becomes MD, Greene King pubs, while Wayne Shurvinton, Assad Malic and Maria Sebastian leave the business
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NewsStonegate’s MiXR app hits one million downloads
The milestone marks a significant achievement in how the pub group is enhancing guest engagement across its 700+ managed venues, less than a year after the app’s launch
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NewsSalt Bae restaurant sees turnover drop
The Nusr-Et Steakhouse in London’s Knightsbridge reported £9.3m in turnover in 2023, down from £13.6m in 2022
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NewsVacancies fall below 100,000, but wage pressures remain
UKHospitality has cautioned against ‘excessive’ minimum wage increases, as vacancies in the foodservice and accommodation sector fall to 98,000 for the first time since Covid
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NewsCooks Coffee delivers 23% sales uplift
The Esquires operator further reported a strong pipeline of new stores to add to its 83-strong estate across the UK and Ireland
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Analysis & InsightPizza Hut Europe returns to profit
Profit before tax stood at £12.3m in 2023, comparing to a loss of £139.4m the prior year as the group undergoes a ‘brand reset’
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NewsJoseph Holt reports ‘steadily improving’ trading
The Manchester-based brewer and pub operator achieved £73.5m turnover in 2023, as it prepares to launch its new hotels arm