All The Real Greek articles – Page 2
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NewsFulham Shore expecting profit to exceed expectations
The group, which operates Franco Manca and The Real Greek restaurants, is forecasting revenue and EBITDA above pre-Covid levels with 18 new sites planned for this year
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NewsFulham Shore: ‘Its no secret we’ve done extremely well during the pandemic’
Managing director Nabil Mankarious talks to MCA about the slow and steady growth of cash-generative The Real Greek, which has supported the faster, high street expansion of the simpler Franco Manca
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InterviewsFulham Shore: ‘20% pay rise made a massive difference’
The business, which operates Franco Manca and The Real Greek restaurants, had “a big issue” with recruitment over the summer months, but an uplift in pay has seen the problem largely disappear, chairman David Page told MCA.
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NewsThe Real Greek heads north
Fulham Shore is to open its first The Real Greek restaurant in the north of England, in Manchester later this month.
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NewsFulham Shore sees trading surpass 2019 levels
Franco Manca and The Real Greek operator Fulham Shore has seen total revenues reach more than £39m for the half year to 26 September 2021, compared to £36m achieved in 2019.
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InterviewsDavid Page: ‘Fulham Shore can open up to 250 sites’
As trading volumes at Fulham Shore rise by a quarter, MCA spoke with David Page, executive chairman, to discover more about the company’s plans for expansion and an idea for a new store format, which highlights the need to cater for robust, ongoing delivery sales. Overall, the company is currently benefiting from a depleted retail sector, and from having retained most of its workforce. Looking forward, it has eyes on eventually opening up to 250 sites in the UK.
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NewsFulham Shore eyes 150 new sites
Fulham Shore has 12 sites in legal negotiations, with a further 150 locations identified as part of its medium term growth plans.
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NewsLoungers: ‘Calorie labelling would be costly and distracting’
The requirement for large hospitality operators to display calorie information from April next year would be “distracting and expensive”, voiced Loungers’ CEO Nick Collins on MCA’s The Conversation.
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EventsLoungers and Franco Manco join The Conversation
Loungers CEO Nick Collins and Fulham Shore chairman David Page join UKHospitality CEO Kate Nicholls on MCA’s The Conversation today.
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NewsFulham Shore sees sales up for first week indoors
Fulham Shore saw group revenues at around 103% of the levels seen in a similar week in 2019, during its first full week of indoor trading, with like-for-like sales at around 92% of their levels two years’ ago.
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NewsFulham Shore presented with new sites on almost daily basis
Fulham Shore is continuing on its search for new locations for both its Franco Manca and The Real Greek businesses and is being presented with “excellent potential retail locations, almost on a daily basis”.
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NewsThe Real Greek lines up Bracknell opening
The Real Greek is set to open its 18th site in The Lexicon in Bracknell next month. Located on 12 Eagle Lane, the 145-cover site will include inside and outside seating and will open with delivery and collection after the month-long lockdown comes to an end in December. According to the Fulham Shore-backed brand, it has “continued to thrive” despite the current crisis, and the new opening follows a period of “sustained demand” throughout 2020.
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NewsHugh Osmond: ‘Even big chains can’t afford rent backlog’
If something isn’t done to deal with the rental backlog, hospitality will see a huge number of business closures, Hugh Osmond has warned.
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OpinionPeter Martin: ‘Eat Out to Help Out an opportunity to consolidate consumer connection’
Operators must utilise what time remains of the Eat Out to Help Out scheme to consolidate a consumer connection, and encourage a return visit, MCA’s The Conversation has heard.
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OpinionPeter Martin: Impact of weather on consumer behaviour the “one thing that hasn’t changed”
British weather, in all its unreliability, is the single most unchanging factor in its impact on consumer behaviour, MCA’s The Conversation has heard. Speaking at the event, MCA contributing editor Peter Martin told attendees that in his ten years of operating the Coffer Peach Business Tracker – a sector sales tracker produced by CGA in association with The Coffer Group and RSM – “the weather is the one thing that hasn’t changed over the years.”
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OpinionDominic Walsh: Casual dining one of ‘big losers’ of pandemic
It used to be so simple. Come up with a restaurant concept and a brand, open one restaurant, then a second, then aim for five outlets then ten and 20, and if it’s still working, press the button on a nationwide rollout. Well, something like that, anyway.
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NewsFulham Shore raises £2.25m in share placing
Fulham Shore has raised £2.25m in a share placing that was oversubscribed.
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NewsFulham Shore - sales around 72% on previous year
Fulham Shore has released a trading update and announced a fundraise as it looks to fight its way though the coronavirus crisis. It said it has 49 out of 51 Franco Manca sites open, and 14 out of 18 Real Greek restaurants open, and though social distancing means they are only operating at between 60-70% of their previous capacity, this has “to some extent” been compensated by an increase in delivery and takeaway sales. It said in the four weeks since 6 July, like-for-like restaurant sales at reopened sites were around 72% year on year.
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InterviewsWhat it’s like to operate in lockdown part five: Franco Manca
Franco Manca opened five stores for delivery and collection on Friday after a two week in trial in Chiswick. David Page, chairman of parent company Fulham Shore, talks to MCA about the benefits of flat sharing pizzaiolas and why pre-coronavirus rents are not going to happen again.