Friday 29th August 2014 |
Las Iguanas names new managing director |
Las Iguanas names new managing director: Las Iguanas has confirmed the appointment of Mos Shamel as managing director of the 35 strong Latin American group. Current chief executive and founder Eren Ali will take the role of executive chairman … view |
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Friday 29th August 2014 |
Friday Opinion |
Subjects: Mismatched pub values, the breakfast opportunity and sustainability of London rents Authors: Martyn Cornell, Ann Elliott and Richard Negus A public mismatch over pub values by Martyn Cornel … view |
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Friday 29th August 2014 |
The Restaurant Group reports acceleration in openings |
The Restaurant Group reports acceleration in openings: The Restaurant Group, which operates over 450 restaurants and pub restaurants, has reported an acceleration in new openings whilst like-for-like sales were up 2.5% in the first half o … view |
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Friday 29th August 2014 |
Propel Friday News Briefing |
Brands warned to take care using mobile phone ads to reach Generation Y: A survey of “Generation Y” consumers in the UK, those born between 1981 and 1995, found almost half said they treat their mobile phones as an extension of themse … view |
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Thursday 28th August 2014 |
Analyst: JDW set for fifth year of margin erosion |
Geof Collyer – JD Wetherspoon set for five years of margin erosion: Deutsche Bank leisure analyst Geof Collyer has forecast “good top line growth again, but margin erosion for the fifth straight year” in Wetherspoon’s (JDW) full-year r … view |
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Thursday 28th August 2014 |
Propel Thursday News Briefing |
Frank Dowling – ‘We believe administrators have breached confidentiality’: Frank Dowling, who led the South East London-based operator Greenwich Inc, which went into administration, last November, has claimed that the administrator … view |
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Wednesday 27th August 2014 |
Propel Wednesday News Briefing |
Three restaurants score perfect ten in Good Food Guide: For the first time in 15 years, three restaurants have scored ten out of ten in the Good Food Guide, published by Waitrose and now in its 64th year. In another first, Clare Smyth, ch … view |
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Tuesday 26th August 2014 |
Chilango smashes £2m fund-raising barrier |
Chilango breaks £2m barrier on Crowdcube: Another late surge of investors has allowed Chilango to break through the £2m barrier on crowd-funding website Crowdcube. A total of £2,021,000 has been offered by a total of 657 investors who … view |
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Tuesday 26th August 2014 |
Foundation to launch craft and smokehouse concept |
Foundation Inns to launch smokehouse and grill brand: Managed pub operator Foundation Inns is launching its first branded Craft & Grill site in Walton-on-Thames. Foundation’s existing site, the Noble Vine pub is being converted to the new cr … view |
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Tuesday 26th August 2014 |
Propel Tuesday News Briefing |
Robert Cain Brewery owed unsecured creditors £44.6m: A long-awaited report by administrators of Liverpool-based Robert Cain Brewery, operated by Sudarghara and Ajmail Dusanj, shows the company owed unsecured creditors an estimated £44,6 … view |
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Friday 22nd August 2014 |
Administrator reveals Greenwich Inc 'nightmare' – and settlement |
Administrator reveals Greenwich Inc 'nightmare' – and settlement: A 40-page report by the administrator of Greenwich Inc, the company run by the American businessman Frank Dowling, has revealed multiple difficulties in unravelling the compan … view |
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Friday 22nd August 2014 |
Friday Opinion |
Subjects: Local food for non-local people, alcohol policy, and capturing mobile customers Authors: Martyn Cornell, Paul Chase and Matthew Kirby Local food for non-local people by Martyn Cornellview |
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Friday 22nd August 2014 |
Propel Friday News Briefing |
Transport for London eyes fine dining experience on London Underground: Transport for London (TfL) is looking to set up a fine-dining experience on the London Underground using an antique coach and a 90-year-old locomotive. TfL acquired a … view |
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Thursday 21st August 2014 |
Whitbread expands Whitbread Inns local format to five sites |
Whitbread expands Whitbread Inns local format to five sites: Whitbread has expanded its Whitbread Inns community-focused pub pilot scheme to five sites, it has emerged. The brand was quietly launched earlier this year but now has its own websi … view |
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Thursday 21st August 2014 |
TLC Inns adds two sites in £1.7m expansion |
TLC Inns adds two sites in £1.7m expansion: TLC Inns, the award-winning pub and restaurant operator led by Steve and Jo Haslam, has added two new sites in an £1.7m expansion drive that will see the company grow to ten venues by the end of th … view |
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Thursday 21st August 2014 |
Propel Thursday News Briefing |
Carluccio’s boss learns lessons from the top-end and bottom-end of estate: Carluccio’s chief executive Simon Kossoff learnt lessons from the top-end and bottom-end of his 81-strong estate in last night’s edition of Undercover Boss. … view |
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Wednesday 20th August 2014 |
British Land sells ‘YO! Sushi site’ for £26m |
British Land sells ‘YO! Sushi site’ for £26m: British Land has sold 52 Poland Street in London to Amazon Property for £26 million, reflecting a capital value of nearly £1,300 per square foot. The site is a 20,500 square foot multi- … view |
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Wednesday 20th August 2014 |
Propel Wednesday News Briefing |
Greene King – warm weather and school holidays drove leisure spend in July: The average British household spent £202 on out-of-home leisure in July, an increase of £22, or 12%, over June, according to the latest figures from the Green … view |
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Tuesday 19th August 2014 |
Company results: Draft House, Batemans and Charterhouse |
Coal Grill and Bar operator moves into profit: Charterhouse Leisure, the seven-strong operator of Coal Grill and Bar and Severn Shed brands backed by private equity company Beringea, has reported a move into the black for the year to 28 F … view |
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Tuesday 19th August 2014 |
Propel Tuesday News Briefing |
Gatecrasher denies online reports of financial distress: The nightclub company Gatecrasher, led by Simon Raine, has dismissed online rumours and speculation about its financial well-being and the health of its Ibiza site. The company, which we … view |
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Monday 18th August 2014 |
Horizons – burger popularity has peaked in the UK |
Horizons – burger popularity has peaked in the UK: Eating-out operators are continuing to adapt to the changing demands of consumers with menus featuring more hand-held, easy-to-eat foods as Britons plump for casual dining over formal occasi … view |
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Monday 18th August 2014 |
Punch Taverns launches restructure |
Punch Taverns launches restructure: Punch Taverns has formally launched its debt restructure, which will see bondholders undertake a debt for equity swap and existing shareholders’ stake reduce to 15% of the new enlarged share capital. The c … view |
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Monday 18th August 2014 |
Propel Monday News Briefing |
Jamie’s Italian reports pre-tax profit of £5,603,711: Jamie’s Italian, which celebrates its fifth anniversary this year, has filed Companies House accounts for the year to 5 January 2014 that provide more detail on the company’s pe … view |
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Friday 15th August 2014 |
Friday Opinion |
Authors: David McHattie, Martyn Cornell and Ann Elliott Subjects: The property market’s double distortion, Camra’s property distortions and the benefits of a focused operation The property ma … view |
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Friday 15th August 2014 |
iNTERTAIN seeks new investment to fuel growth |
iNTERTAIN seeks new investment to fuel growth: iNTERTAIN, the owner and operator of 32 bars trading principally under the Walkabout brand, has appointed advisors to help secure new investment in the business to finance its expansion plans. iNT … view |
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Friday 15th August 2014 |
Propel Friday News Briefing |
Ippudo to make European debut in London: Japanese ramen specialist Ippudo, founded in Japan in 1985 and now with circa 100 sites worldwide, is to open its flagship European restaurant in London this September. Located in Central St Giles, … view |
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Thursday 14th August 2014 |
Propel Thursday News Briefing |
Coffer Peach – pub and restaurant like-for-likes rose by 2.2% in July: Britain’s top managed pub and restaurant chains are delivering consistent growth and are at the forefront of the economic recovery, latest data from the Coffer Pea … view |
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Wednesday 13th August 2014 |
Analyst – expect a strong First Half from The Restaurant Group |
Analyst – expect a strong First Half from The Restaurant Group: Numis Securities leisure analyst Douglas Jack has issued a ‘Buy’ note on Restaurant Group shares with a price target of 725p ahead of its interim results on 29 August. Jack … view |
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Wednesday 13th August 2014 |
Propel Wednesday News Briefing |
Redcomb Pubs and Broken Foot Inns merge: Two multi-site companies, Redcomb Pubs and Broken Foot Inns (BFI), have merged to create a 12-strong company turning over more than £12m a year. The new company, to be called Redcomb Pubs, will be … view |
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Tuesday 12th August 2014 |
Just Eat reports six months of “excellent growth” |
Just Eat reports six months of “excellent growth”: Just Eat, the online takeaway business, has reported “excellent growth” in the six months ended 30 June 2014 with revenue up 58% to £69.8m and Underlying Ebitda up 591% to £15.9 … view |
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Tuesday 12th August 2014 |
Propel Tuesday News Briefing |
Abolition of personal licences misses deadline: The deadline for the abolition of personal licences appears to have been missed. Solicitor John Gaunt said: “We have previously reported on the suggestion that personal licence renewals in … view |
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Monday 11th August 2014 |
Punch Taverns delays launch of debt-for-equity restructure |
Punch Taverns delays launch of debt-for-equity restructure: Punch Taverns has delayed the launch of its £2.3bn debt restructuring to conclude discussions with stakeholders. The company said that it believes the restructuring can be launched w … view |
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Monday 11th August 2014 |
Propel Monday News Briefing |
London Beer Week scheduled for February 2015 to keep city at cutting edge of craft beer: The team behind London Wine Week and London Cocktail Week have launched London Beer Week, which will take place from the 16 and 22 February 2015. A s … view |
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Friday 8th August 2014 |
Friday Opinion |
Subjects: Delivering stellar life-for-lie growth, minimum unit pricing reprised, the Meantime approach and flexing formats Authors: Chris Edger, Paul Chase, Martyn Cornell and Darren Tristano The s … view |
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Friday 8th August 2014 |
Charles Wells to reunite divisions |
Charles Wells to reunite divisions: Charles Wells, the Bedford based brewer and pub operator, has announced that it will be bringing its major operating divisions back under the main parent company identity in the New Year. The family brewer, … view |
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Friday 8th August 2014 |
Propel Friday News Briefing |
Enterprise Inns increasing capital expenditure on growth-oriented projects: Enterprise Inns chief executive Simon Townsend has told Propel that the company is increasing the proportion of its £65 to £70m current annual capital expenditu … view |
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Thursday 7th August 2014 |
Enterprise Inns reports like-for-like net income growth |
Enterprise Inns reports like-for-like net income growth: Enterprise Inns has reported trading for the 44 weeks to 2 August in line with expectations with total estate like-for-like net income growing by 1.3%. The company stated: “Growth … view |
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Thursday 7th August 2014 |
Propel Thursday News Briefing |
Adnams chairman – “small rural pubs no longer work or us”: Adnams chairman Jonathan Adnams has argued that running small rural pubs is no longer a business model that works for the Suffolk brewer and retailer. He told The Eastern Da … view |
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Wednesday 6th August 2014 |
Café Rouge opens express site with first rotisserie and shop |
Café Rouge opens express site with first rotisserie and shop: Tragus Group’s Café Rouge brand is building on the success of its ‘express’ site at Euston station with an opening at Victoria Place, next to Victoria train station, serving … view |
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Wednesday 6th August 2014 |
New research shows one in four sector workers are migrants |
New research shows one in four sector workers are migrants: New research by People 1st has shown that migrants play a enormous role in the hospitality industry and are filling key roles at all levels of business. The new report, Migrants in th … view |
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Wednesday 6th August 2014 |
Propel Wednesday News Briefing |
TGI Friday’s opens first fast track restaurant today in Manchester: TGI Friday’s is opening its first ‘fast track’ restaurant today (6 August) at Manchester Piccadilly Station. Located within the Upper Concourse of the station, t … view |
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Tuesday 5th August 2014 |
TCG pledges to cut prices on Tax Equality Day |
TCG pledges to cut prices on Tax Equality Day: Managed pub and bar operator TCG has pledged to support Tax Equality Day on Wednesday 24 September. All 69 of the company’s sites will take part, by cutting the price of food and drink by 7.5% o … view |
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Tuesday 5th August 2014 |
Loungers hits 50 site milestone, sales up 47.7% |
Loungers hits 50 site milestone, sales up 47.7%: Loungers, the Bristol based café/bar group, will reach 50 sites with the opening of Como Lounge in Witney, Oxfordshire tomorrow (Wednesday). Loungers started life in 2002 as a ten-table café/b … view |
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Tuesday 5th August 2014 |
Adnams – brighter times are emerging |
Adnams – brighter times are emerging: Suffolk brewer and retailer Adnams has reported “brighter times are emerging” in its interim results. Chairman Jonathan Adnams said: “We are pleased to announce a strong move forwards in the A … view |
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Tuesday 5th August 2014 |
Propel Tuesday News Briefing |
Propel launches Operators and Investors Dinner: Propel Info is launching the sector’s first ever dinner for leading emerging multi-site operators and the investment community. The event, which takes place on 9 September and is sponsored … view |
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Monday 4th August 2014 |
Tasty to open first cafe, deli-bakery site |
Tasty to open cafe bakery and Wildwood hybrid site: Tasty is to open its first cafe bakery brand on the site of the iconic De Grey’s in Ludlow, Shropshire. The tearoom was thought to have shut its doors for good when owner Robbie Underhill c … view |
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Monday 4th August 2014 |
CGA – foodservice market grown by 2.7% to be worth £64bn |
CGA – foodservice market grown by 2.7% to be worth £64bn: The foodservice sector is fast catching up with grocery giants as more and more people go out to eat, new research from CGA Strategy shows. CGA’s figures estimate the foodservice m … view |
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Monday 4th August 2014 |
Propel Monday News Briefing |
Vanessa Hall – we have seven of our ten planned YO! Sushi openings for 2015 secured and plenty of options: YO! Sushi chief executive Vanessa Hall has reported that the company has seven of its ten planned openings for 2015 secured. In a … view |
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Friday 1st August 2014 |
Friday Opinion |
Subjects: Platter matters, a food and beverage time warp and the state of Mitchells & Butlers Authors: Martyn Cornell, Ann Elliott and Geof Collyer The matter with platters by Martyn … view |
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Friday 1st August 2014 |
Propel Friday News Briefing |
Orderella’s second-round funding raises 70% of target in three weeks: Orderella, the market-leading mobile ordering app, has already raised over 70% of its £1m second-round funding target in the first three weeks, after an excellent st … view |
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