Friday 20th December 2024 |
Premium Opinion |
Propel group editor Mark Wingett gives out his alternative awards of the year while James Hacon, managing partner at Think Hospitality Consulting, looks at international investment into the UK post-Budget And the w … view |
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Friday 20th December 2024 |
Friday Opinion |
Subjects: A look back at 2024 – and forward to 2025, new technology is here to help our teams – not replace them, increased competition for competitive socialising, through a glass brightly Authors: Kate Nicholls, David C … view |
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Friday 20th December 2024 |
Update: Soho House shares surge after consortium tables £1.4bn takeover offer |
Soho House shares surge after consortium tables £1.4bn takeover offer: Soho House & Co has revealed it has received a £1.4bn takeover offer from a new consortium, which pushed its shares up by more than 60% in early trading in the US to thei … view |
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Friday 20th December 2024 |
Propel Friday News Briefing |
Burger & Lobster planning to more than double presence in the UK over the next few years: Burger & Lobster has said it has “ambitious growth planned for the next few years”, which will see its presence more than double in the UK. It c … view |
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Thursday 19th December 2024 |
Propel Thursday News Briefing |
Azzurri Group CEO – our fast casual concepts could generate greater share of profit over time, won’t rule out looking to add further brands: Steve Holmes, chief executive of Azzurri Group, the ASK Italian, Zizzi, Coco di Mama and Booj … view |
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Wednesday 18th December 2024 |
PizzaExpress to make US return, Drake & Morgan results |
PizzaExpress to return to US next year with Florida site: PizzaExpress is to make its return to the US next year with an opening in Florida, which will play a key role in its ambitious plan to reach 1,000 restaurants globally (including t … view |
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Wednesday 18th December 2024 |
Exclusive: Glendola Leisure and Carlton Hotels see turnover near £100m, Jamie Oliver CEO steps down |
Exclusive – Glendola Leisure and sister company Carlton Hotels see turnover near £100m: Glendola Leisure, which is owned by the Salussolia family, and its sister company, Carlton Hotels, have seen combined turnover near the £100m mark … view |
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Wednesday 18th December 2024 |
Azzurri Group reports growth in sales and profit as it transitions from pure-play restaurant operator into hospitality investment platform |
Azzurri Group reports growth in sales and profit as it transitions from pure-play restaurant operator into hospitality investment platform: Azzurri Group, the ASK Italian, Zizzi, Coco di Mama and Boojum operator has reported growth in bot … view |
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Wednesday 18th December 2024 |
Update: Wingstop, Shake Shack, Dalata and Shepherd Neame |
Wingstop UK – lfl trading has ‘accelerated’ in 2024, swings back to profit following 122% revenue growth and reviewing whether to repay shareholder loans: Wingstop UK, which is being rolled out here by Lemon Pepper Holdings, has said its … view |
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Wednesday 18th December 2024 |
Propel Wednesday News Briefing |
Sector sales increase 2.7% in November as industry sees first real-terms growth since June: Britain’s leading hospitality groups recorded year-on-year sales growth of 2.7% in November, the latest edition of the CGA RSM Hospitality Busin … view |
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Wednesday 18th December 2024 |
Sector sales increase 2.7% in November as industry sees first real-terms growth since June |
Sector sales increase 2.7% in November as industry sees first real-terms growth since June: Britain’s leading hospitality groups recorded year-on-year sales growth of 2.7% in November, the latest edition of the CGA RSM Hospitality Business T … view |
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Tuesday 17th December 2024 |
Update: Hollywood Bowl reports good start to FY25, Carlsberg/Britvic deal receives clearance |
Hollywood Bowl reports good start to FY25 following record revenue, well-placed to mitigate increased costs while keeping offer affordable: Hollywood Bowl has reported a good start to trading in its 2025 financial year following record revenue … view |
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Tuesday 17th December 2024 |
Propel Tuesday News Briefing |
Midlands premium smashed burger brand set to double estate size next year as it hires former GDK franchise chief as ops director: Midlands premium smashed burger brand Burger Boi has told Propel it is set to double the size of its estate … view |
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Monday 16th December 2024 |
Update: Foodservice inflation, Liberation Group and Guinness supplies |
Foodservice inflation continues to ease but Budget casts shadow over future: Year-on-year inflation in the hospitality sector fell to 2.2% in October, the latest Foodservice Price Index report from Prestige Purchasing and CGA by NIQ shows. It … view |
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Monday 16th December 2024 |
Propel Monday News Briefing |
Hickory’s MD – planning ten new sites next year, real opportunity to build a special business: John Welsh, managing director of American-style smokehouse and barbecue Hickory’s, which is owned by Greene King, has told Propel that th … view |
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Friday 13th December 2024 |
Exclusive: Comedy Store signs franchise deal to expand across the UK, PizzaExpress hires Colin Elliot as new CFO |
Exclusive – Comedy Store signs franchise deal to expand across the UK: Comedy Store, the live comedy venue business with sites in London and Manchester, has signed a franchise agreement to expand across the UK, Propel has learned. It ha … view |
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Friday 13th December 2024 |
Friday Opinion |
Subjects: Picture this – what the Cineworld ruling means for hospitality and leisure, kitchen planning, must-have technology that’s not going anywhere, future-fit businesses build relationships: make social capital your new KPI < … view |
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Friday 13th December 2024 |
Update: Itsu warns over labour cost, new Chapel Down CEO, takeways ban, Coffi Lab investment |
Julian Metcalfe – In ten years, we’ll have 500 Itsus, warns Labour is making it too expensive to hire staff: Julian Metcalfe, founder of Itsu, the healthy Asian food brand, has warned the government that it is making it too expensive … view |
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Friday 13th December 2024 |
Propel Friday News Briefing |
YouMeSushi aiming to reach 35 sites next year with Birmingham and Manchester ‘key areas’, sushi ‘now mainstream and attracting younger customers’: YouMeSushi, the restaurant and takeaway business, has told Propel it is aiming to r … view |
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Thursday 12th December 2024 |
Update: C&C hires new CEO, Rosa’s FY, The Scotsman Group, coffee prices |
C&C Group hires Roger White as new CEO: C&C Group has hired Roger White, formerly chief executive of AG Barr, as its new chief executive. It said that White’s appointment follows an extensive search process led by the nomination committ … view |
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Thursday 12th December 2024 |
Propel Thursday News Briefing |
AlixPartners – reduction in site Ebitda from Budget could be in excess of 15% without mitigation: Sector advisory firm AlixPartners has said that the impact of the Budget on wage bills could lead to a reduction in site Ebitda in excess … view |
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Wednesday 11th December 2024 |
Exclusive: Homeslice in administration |
Exclusive – Homeslice in administration: London better pizza brand Homeslice, founded by Alan and Mark Wogan, has been placed in administration, Propel understands. Begbies Traynor is understood to have been appointed as administrators … view |
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Wednesday 11th December 2024 |
Legal Briefing |
Christmas cheer starts with Christmas compliance by Patrick RobsonAnother difficult year for the industry is coming to a close and Christmas is sneaking up on us – bringing both opportunities for some much-needed revenue and a few ine … view |
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Wednesday 11th December 2024 |
Immersive Gamebox in administration |
Immersive Gamebox in administration: The parent company of Immersive Gamebox, which operates the Electric Gamebox concept, has fallen into administration. Julie Palmer and Andrew Hook, of Begbies Traynor, were appointed as joint administrators … view |
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Wednesday 11th December 2024 |
McWin in talks to up investment in Gail’s, Everards results |
McWin in talks to up investment in Gail’s: McWin Capital Partners, the food investment firm led by Henry McGovern and Steven Winegar, is in talks to increase its stake in bakery brand Gail’s. Bloomberg reported that McWin, which also … view |
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Wednesday 11th December 2024 |
Propel Wednesday News Briefing |
Soho House founder Nick Jones linked to development in London’s Westminster: Nick Jones, the founder and former chief executive of Soho House, is understood to be in talks to open a hotel and restaurant as part of the Arundel Great Cour … view |
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Tuesday 10th December 2024 |
Domino’s Pizza among bidders for Wingstop UK |
Domino’s Pizza among bidders for Wingstop UK: Domino’s Pizza is one of four bidders circling Wingstop UK, which is being rolled out here by Lemon Pepper Holdings. As previously revealed by Propel, Domino’s is competing against US pr … view |
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Tuesday 10th December 2024 |
Update: Tortilla reports “strong” Q4, D&D London, business confidence |
Tortilla reports “strong” Q4, delays rebranding of French acquisition: Fast-casual Mexican restaurant brand Tortilla has reported a “strong” Q4 with like-for-like sales up “at least” 4%. The company said that revenue for its U … view |
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Tuesday 10th December 2024 |
Propel Tuesday News Briefing |
Team behind The Crystal Maze Live Experience and Chaos Karts planning UK roll out for Arcade Arena concept and eyeing overseas expansion: The team behind The Crystal Maze Live Experience attraction and Chaos Karts immersive go-karting has … view |
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Monday 9th December 2024 |
Update: Domino’s reaches agreement with franchisees, Caffe Nero, Young’s, diversity |
Domino’s reaches a new five-year framework with its franchise partners: Domino’s Pizza Group has announced that it has reached a new five-year framework with its franchise partners to capitalise on its “significant long-term growth … view |
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Monday 9th December 2024 |
Propel Monday News Briefing |
Loungers – customer behaviour across brands is consistent, Ritorno Lounge generating gross average weekly sales of just under £95,000: Café bar operator Loungers, which is currently the subject of a £338m takeover bid by US private e … view |
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Friday 6th December 2024 |
Friday Opinion |
Subjects: Christmas cheer and Pret pinch, are we still putting customers at risk, third-party labour efficiency through partnership not pressure, the future of foodservice Authors: Paul Langston, Katy Moses, Frank Stirling, A … view |
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Friday 6th December 2024 |
Propel Friday News Briefing |
Maki & Ramen to open seven sites in 2025, launching franchise arm, eyeing London opening: Edinburgh Japanese restaurant concept Maki & Ramen has told Propel it plans to open seven new sites next year, including its first franchise locatio … view |
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Thursday 5th December 2024 |
Update: Guinness supplies to be rationed over Christmas and New Year |
Guinness supplies to be rationed over Christmas and New Year: Guinness supplies are being rationed over Christmas and New Year as huge demand threatens to outstrip supply. Pub bosses are understood to have been told they face limits on ho … view |
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Thursday 5th December 2024 |
Propel Thursday News Briefing |
Harden’s – price rises outside of London significantly higher as regions show stronger recovery from pandemic: Price rises outside of London are significantly higher than in the capital, suggesting London is still feeling the after-ef … view |
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Thursday 5th December 2024 |
Harden’s: Price rises outside of London significantly higher as regions show stronger recovery |
Harden’s – price rises outside of London significantly higher as regions show stronger recovery from pandemic: Price rises outside of London are significantly higher than in the capital, suggesting London is still feeling the after-ef … view |
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Wednesday 4th December 2024 |
Update: XP Factory, Whitbread, Maybourne, Black Tap et al |
XP Factory – plans in place to offset impact of Budget without need for significant price increases, balance sheet being restructured to allow future share buy-backs and dividends: XP Factory, which operates the Escape Hunt and Boom Bat … view |
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Wednesday 4th December 2024 |
Propel Wednesday News Briefing |
Coco Di Mama MD – London estate has had best 12 months since covid, trialling pizza slices: Jim Attwood, managing director of Coco di Mama, owned by ASK Italian, Zizzi and Boojum operator Azzurri Group, has told Propel that the Italian … view |
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Wednesday 4th December 2024 |
Caprice Holdings to make UAE debut today |
Caprice Holdings to make UAE debut today: Caprice Holdings, the Richard Caring-backed, high-end restaurant business, will make its debut in the UAE today (Wednesday, 4 December) with the opening of Sexy Fish Dubai, located on the rooftop … view |
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Tuesday 3rd December 2024 |
Premium evolution, Iberica administration, Deliverect acquisition |
Propel to launch four ground-breaking reports in 2025 for Premium subscribers, prices to be pegged: Propel will launch four ground-breaking reports in 2025 that will be available free to Premium subscribers. The Propel 500 report i … view |
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Tuesday 3rd December 2024 |
Update: Marston’s, SSP, Wells & Co and PureGym |
Marston’s reports positive current trading with six-week lfl sales up 3.9%, Christmas bookings tracking ahead of last year as effects of Budget considered ‘manageable’: Marston’s has reported positive current trading, with like-for-lik … view |
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Tuesday 3rd December 2024 |
Propel Tuesday News Briefing |
Soho Coffee CEO – new formats will allow us to go into places we couldn’t before, strategic goal to get to 50 corporate stores and beyond, with further opportunity through new franchising push: Soho Coffee chief executive Sam Shutt ha … view |
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Monday 2nd December 2024 |
Propel Monday News Briefing |
KKR among suitors for Wingstop UK: US private equity firm KKR is believed to be one of the investment firms running the rule over the UK business of Wingstop, which is being rolled out here by Lemon Pepper Holdings. Propel understands tha … view |
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Friday 29th November 2024 |
Nando’s reports sales exceed pre-covid levels, to open 14 new sites |
Nando’s reports sales exceed pre-covid levels, to open 14 new sites: Nando’s has revealed plans to open 14 new restaurants across the UK after it cut its pre-tax loss during its latest financial year. In the year to the end of Februar … view |
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Friday 29th November 2024 |
Friday Opinion |
Subjects: Unintended consequences of disconnected value engineering, dynamic pricing, the binge is back, the pull of Pullman dining Authors: Elton Mouna, Katy Moses, Phil Mellows, Glynn Davis view |
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Friday 29th November 2024 |
Update: Fortress offer for Loungers resisted by big shareholders |
Fortress offer for Loungers resisted by big shareholders: Two of the biggest shareholders in Loungers are rebelling against Fortress Investment Group’s proposed takeover of the café-bar group. Fortress, the US private equity firm major … view |
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Friday 29th November 2024 |
Propel Friday News Briefing |
St Austell CEO – new funding will allow us to scale Ludo sports bar concept at pace: Kevin Georgel, chief executive of St Austell Brewery, has said the new funding secured for Ludo Sports Bar & Kitchen – its joint venture with Ed Mart … view |
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Thursday 28th November 2024 |
Exclusive: Boparan lands debut UK site for Carl’s Jr, ETM secures new funding, Swingers |
Exclusive – Boparan Restaurant Group secures debut UK site for Carl’s Jr: Boparan Restaurant Group (BRG) has secured the UK debut site for US brand Carl’s Jr, in Cardiff, Propel has learned. BRG, which is led by Satnam Leihal, has s … view |
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Thursday 28th November 2024 |
Update: Punch-backer Fortress to take Loungers private in £350.5m deal |
Punch-backer Fortress to take Loungers private in £350.5m deal: Private equity firm Fortress, which backs Punch Pubs, has agreed a deal to take the 280-strong café bar operator Loungers private, in a £350.5m deal. The cash offer of 310 … view |
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Thursday 28th November 2024 |
Propel Thursday News Briefing |
M&B paid £21m in total for Ego, five sites converted to brand so far have doubled sales, Miller & Carter has its mojo back: Mitchells & Butlers (M&B) paid £21m in total to acquire the Mediterranean-inspired business Ego, Propel has lear … view |
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Thursday 28th November 2024 |
Takeaways back in growth as restaurants' at-home orders rise again in October |
Takeaways back in growth as restaurants' at-home orders rise again in October: Britain’s leading restaurant groups have extended a long run of inflation-beating growth in delivery and takeaway sales with a like-for-like increase of 4.8% in O … view |
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Wednesday 27th November 2024 |
Update: M&B FY lfls up 5.3%, Just Eat to delist |
M&B FY lfl sales up 5.3%, cost headwinds are now anticipated to total c£100m: Mitchells & Butlers (M&B), the Toby Carvery, Harvester and All Bar One operator, has reported a 5.3% increase in like-for-like sales in the year to 28 Septembe … view |
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Wednesday 27th November 2024 |
Propel Wednesday News Briefing |
The Beefy Boys – focused on expanding sustainably, hires Simon Blagden as chair, confirms fourth site: The Beefy Boys, the better burger business, has told Propel it is focused on “expanding sustainably”, as it confirmed it has secu … view |
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Tuesday 26th November 2024 |
Update: Shaftesbury – West End estates are “busy and vibrant”, employment law, Odeon |
Shaftesbury – West End estates are “busy and vibrant” coming into the Christmas trading period: Central London landlord Shaftesbury has said that its West End estates are “busy and vibrant” coming into the Christmas trading peri … view |
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Tuesday 26th November 2024 |
Propel Tuesday News Briefing |
Greggs CEO – we won't slow growth despite increased costs from Budget, warns over price rises: Roisin Currie, chief executive of food-to-go retailer Greggs, has warned the measures rolled out in the autumn Budget would put pressure on p … view |
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Monday 25th November 2024 |
Propel Monday News Briefing |
Exclusive – Burger King UK to open first prime central London site in more than a decade: Burger King UK, which operates 561 restaurants, 285 of which are directly owned, is to open its first site in central London for more than a decad … view |
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Monday 25th November 2024 |
UKHospitality: Government’s industrial strategy risks shutting out the majority of the people in the country |
UKHospitality – government’s industrial strategy risks shutting out the majority of the people in the country: UKHospitality has warned that the government’s industrial strategy risks shutting out the majority of the people in the c … view |
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Sunday 24th November 2024 |
Exclusive: Remainder of Temper business acquired by new vehicle, Tokyo Industries places 12-strong package on the market |
Exclusive – remainder of Temper business acquired by new vehicle: The remainder of the Temper business, the modern barbecue brand, has been acquired by a new subsidiary of Wellfound, the Paradiso Burger and Cocktail Bar concept operator … view |
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Friday 22nd November 2024 |
Friday Opinion |
Subjects: Modelling the Budget’s impact, the Wonder stuff, higher inflation or price wars Authors: Graeme Smith, Glynn Davis, Maria Vanifatova Modelling the Budget’s impact by Graeme Smith Pricing, staffing, opening hou … view |
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Friday 22nd November 2024 |
Propel Friday News Briefing |
TRG boss – we all have to find ways of improving our propositions as guests can’t take further significant pricing increases: Andy Hornby, chief executive of The Restaurant Group (TRG), the Wagamama and Brunning & Price owner, has sai … view |
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