Friday 28th April 2017 |
Friday Opinion |
Subjects: Developing mentally tough managers, the Veblen effect and cash is no longer king Authors: Chris Edger, Glynn Davis and Sam Lowe Developing mentally tough managers by Chris Edger |
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Friday 28th April 2017 |
Starbucks reports like-for-likes up 3% in latest quarter |
Starbucks reports like-for-likes up 3% in latest quarter: Starbucks has reported global like-for-like sales increased by 3% in the 13 weeks to 2 April 2017 comprised of a 3% increase in the Americas, a 7% increase in China and 1% decrease … view |
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Friday 28th April 2017 |
Propel Friday News Briefing |
Easter like-for-likes down 3.8%, restaurants see 9.1% drop: It was an Easter break to forget for Britain’s managed pub and restaurant groups, with collective like-for-like sales down 3.8% on 2016’s four-day holiday weekend, according … view |
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Friday 28th April 2017 |
Easter like-for-likes down 3.8%, restaurants see 9.1% drop |
Easter like-for-likes down 3.8%, restaurants see 9.1% drop: It was an Easter break to forget for Britain’s managed pub and restaurant groups, with collective like-for-like sales down 3.8% on 2016’s four-day holiday weekend, according … view |
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Thursday 27th April 2017 |
Deliveroo reports lunchtime takeaway orders jump 114%, partners with 10,000th restaurant |
Deliveroo reports lunchtime takeaway orders jump 114%, partners with 10,000th restaurant: Deliveroo has reported lunchtime takeaway orders have jumped 114% and partnered with its 10,000th restaurant in the UK. The company said rather than wait … view |
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Thursday 27th April 2017 |
Pret A Manger reports like-for-likes up 4.8% as revenue and Ebitda grows |
Pret A Manger reports like-for-likes up 4.8% as revenue and Ebitda grows: Pret A Manger has reported sales increased 15% to £776.2m for the year ending 29 December 2016. Like-for-like sales were up 4.8% while Ebitda rose 11% to £93.2m. … view |
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Thursday 27th April 2017 |
Richoux reports £6.7m loss, rebranding and closure of restaurants, plans fund-raising |
Richoux reports £6.7m loss, rebranding and closure of restaurants, plans fund-raising: Richoux Group, the owner and operator of 18 restaurants under the Richoux, Dean’s Diner, Villagio, and Friendly Phil’s brands, has reported turnover in … view |
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Thursday 27th April 2017 |
Propel Thursday News Briefing |
Eating out and holidays prop up UK consumer spending levels: Consumer spending levels in the UK remained steady in the first quarter despite fears of a slowdown, according to the latest Cardlytics Spending Index. Figures from the report, … view |
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Thursday 27th April 2017 |
Eating out and holidays prop up UK consumer spending levels |
Eating out and holidays prop up UK consumer spending levels: Consumer spending levels in the UK remained steady in the first quarter despite fears of a slowdown, according to the latest Cardlytics Spending Index. Figures from the report, … view |
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Wednesday 26th April 2017 |
David Campbell steps down as Wagamama chief executive |
David Campbell steps down as Wagamama chief executive: David Campbell has stepped down as chief executive as Wagamama with chief operating officer Jane Holbrook replacing him with immediate effect. Campbell, who joined Wagamama in 2014, w … view |
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Wednesday 26th April 2017 |
Foodservice inflation hits 6%, Feng Sushi sold |
Foodservice price inflation accelerated 6% in March: Foodservice price inflation reached 6.0% in March, the latest edition of the CGA Prestige Foodservice Price Index reveals – thanks to a dramatic rise in the price of fish and continue … view |
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Wednesday 26th April 2017 |
McDonald’s to offer UK staff fixed contracts, begins delivery trial in June |
McDonald’s to offer fixed contracts to 115,000 UK workers: McDonald’s is to offer 115,000 UK workers on zero-hours contracts the option of moving to fixed contracts with a minimum number of guaranteed hours every week, The Guardian has rep … view |
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Wednesday 26th April 2017 |
Propel Wednesday News Briefing |
City Pub Company reports significant growth in turnover and Ebitda, pays maiden dividend: Independent pub operator City Pub Company has reported a significant growth in turnover and Ebitda and paid its maiden dividend. Chairman Clive Wats … view |
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Tuesday 25th April 2017 |
City Pub Company reports significant growth in turnover and Ebitda, pays maiden dividend |
City Pub Company reports significant growth in turnover and Ebitda, pays maiden dividend: Independent pub operator City Pub Company has reported a significant growth in turnover and Ebitda and paid its maiden dividend. Chairman Clive Wats … view |
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Tuesday 25th April 2017 |
McDonald’s reports like-for-likes up 4% in first quarter |
McDonald’s reports like-for-likes up 4% in first quarter: McDonald’s has reported global like-for-like sales rose 4% in its first quarter ended 31 March. “Our efforts to build a better McDonald’s are yielding meaningful results with co … view |
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Tuesday 25th April 2017 |
Update: Whitbread results, Easyhotel signs Nepal franchise |
Whitbread reports profit before tax up 6.2% to £565.2m: Whitbread has reported group total sales growth of 8.2% to £3,106bn in the 52 weeks to 3 March 2017 and underlying profit before tax up 6.2% to £565.2 million. Premier Inn saw tot … view |
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Tuesday 25th April 2017 |
Propel Tuesday News Briefing |
MeatLiquor agrees heads of terms on three sites, ponders fund-raise to ‘test market’: MeatLiquor co-founder Scott Collins has told Propel the company has agreed heads of terms on three sites – and could undertake its first fund-rais … view |
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Monday 24th April 2017 |
The Restaurant Group executive directors receive no pay increase in 2017, annual report reveals |
The Restaurant Group executive directors receive no pay increase in 2017, notice period changes to six months: The Restaurant Group executive directors have not received a pay rise this year, the company’s annual report has revealed. Ch … view |
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Monday 24th April 2017 |
Propel Monday News Briefing |
Burning Night Group raises nearly £5m in peer-to-peer loan campaign and extends for further month: Burning Night Group has raised nearly £5m on peer-to-peer lending platform Crowdstacker to fund its next stage of growth. The company, wh … view |
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Friday 21st April 2017 |
Friday Opinion |
Subjects: Lords and commoners, key trends from the Global Restaurant Investment Forum, London’s pubs do not need additional protection and winning market share Authors: Trevor Watson, James Hacon, Paul Chase and Ann Ellio … view |
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Friday 21st April 2017 |
Update: Restaurant Group, Costa, Hotel Chocolat, Chapel Down |
Restaurant Group chief financial officer steps down: The Restaurant Group has announced that Barry Nightingale, chief financial officer, will step down from the board and leave the company with immediate effect. He had been with the compa … view |
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Friday 21st April 2017 |
Propel Friday News Briefing |
Derby Brewing Co nearly doubles equity offer in £500,000 crowdfunding campaign: Derby-based brewer and retailer Derby Brewing Co has nearly doubled its equity offer as it looks to raise £500,000 on crowdfunding platform Crowdcube to sup … view |
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Thursday 20th April 2017 |
Wagamama makes debut in Spain, chief executive and Alan Yau thank staff as it turns 25 this weekend |
Wagamama makes debut in Spain, chief executive and Alan Yau thank staff as it turns 25 this weekend: Wagamama has opened its first restaurant in Spain, in the Salamanca district of the capital, Madrid. Meanwhile, chief executive David Campbell … view |
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Thursday 20th April 2017 |
Propel Thursday News Briefing |
Le Pain Quotidien reports 11% turnover boost: Belgian restaurant and boulangerie brand Le Pain Quotidien has reported turnover increased 11% to £38,192,273 for the year ending 31 December 2016 compared with £34,276,593 the previous year … view |
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Wednesday 19th April 2017 |
Tak Tokumine to open flagship London Japanese food hall |
Tak Tokumine to open flagship London Japanese food hall: Japan Centre founder Tak Tokumine is to open a flagship Japanese food hall in London in September, in Panton Street. The flagship food hall will combine a range of specialist food rooms, … view |
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Wednesday 19th April 2017 |
Update: Heineken, Vianet and Neil Moffitt |
Heineken reports reduction in UK volumes in First Quarter: Heineken has reported UK volume was down by a low single digit amount in its First Quarter due to a partial de-listing by a large customer. Premium volumes continued to grow by do … view |
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Wednesday 19th April 2017 |
Propel Wednesday News Briefing |
YO! Sushi to open site at Croydon Boxpark without conveyor belt and serving Japanese street food: YO! Sushi is opening a branch in Croydon’s Boxpark in two containers on Thursday, 27 April, serving Japanese street food and dispensing wi … view |
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Tuesday 18th April 2017 |
Neil Moffitt steps down as Hakkasan Group chief executive |
Neil Moffitt steps down as Hakkasan Group chief executive: Neil Moffitt has stepped down as chief executive of UK-based nightclub and restaurant company Hakkasan Group after five years. The move takes effect immediately with Hakkasan set to me … view |
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Tuesday 18th April 2017 |
Propel Tuesday News Briefing |
Propel partners with Professor Chris Edger and Tony Hughes to launch Inspirational Leadership Masterclass: Propel has partnered with the UK’s leading thinker and teacher on multi-site foodservice management Professor Chris Edger … view |
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Thursday 13th April 2017 |
Starbucks UK reports turnover and profit fall as like-for-likes slow to 1.0% |
Starbucks UK reports turnover and profit fall as like-for-likes slow to 1.0%: Starbucks UK has reported a fall in turnover and profit as lower footfall led to like-for-like sales growth slowing to 1.0%. The company saw turnover fall to £379,8 … view |
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Thursday 13th April 2017 |
Propel Thursday News Briefing |
Laine acquires two London pubs from Flynn’s: Laine Pub Company, the London and Brighton-based multiple pub operator and craft brewer backed by Luke Johnson, has confirmed it is acquiring two pubs from the Flynn family, operators of high … view |
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Wednesday 12th April 2017 |
D&D London to open venue in ‘Thomas Keller space’ in New York |
D&D London to open venue in ‘Thomas Keller space’ in New York: D&D London is to bring a new chef-driven restaurant concept to Hudson Yards, the Manhattan neighbourhood spanning 28 acres on New York’s West Side. Slated to open in autumn o … view |
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Wednesday 12th April 2017 |
Update: Coffer Peach March results, Comptoir Group and Tesco results |
Late Easter dampens March sales for restaurant and pub operators: Britain’s restaurant and pub groups saw collective like-for-like sales fall back 0.5% in March, according to latest figures from the Coffer Peach Business Tracker – wit … view |
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Wednesday 12th April 2017 |
Propel Wednesday News Briefing |
UK coffee shop market expected to grow 29% in next five years to £4.3bn: The UK coffee market is expected to grow 29% over the next five years with sales forecast to reach £4.3bn, according to new research. The findings by Mintel also s … view |
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Tuesday 11th April 2017 |
UK coffee shop market expected to grow 29% in next five years to £4.3bn |
UK coffee shop market expected to grow 29% in next five years to £4.3bn: The UK coffee market is expected to grow 29% over the next five years with sales forecast to reach £4.3bn, according to new research. The findings by Mintel also s … view |
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Tuesday 11th April 2017 |
Wagamama, PizzaExpress, Itsu, Wahaca and Leon join ALMR |
Wagamama, PizzaExpress, Itsu, Wahaca and Leon join ALMR: The Association of Licensed Multiple Retailers (ALMR) has strengthened its position as the leading voice for the out-of-home foodservice market by adding Wagamama, PizzaExpress, Itsu, Wa … view |
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Tuesday 11th April 2017 |
Propel Tuesday News Briefing |
Heineken to invest further £20m upgrading Star Pubs & Bars estate: Heineken is to invest a further £20m to upgrade its Star Pubs & Bars estate across the UK in 2017, taking its total expenditure on pubs to circa £100m during the past f … view |
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Tuesday 11th April 2017 |
Heineken to invest further £20m upgrading Star Pubs & Bars estate |
Heineken to invest further £20m upgrading Star Pubs & Bars estate: Heineken is to invest a further £20m to upgrade its Star Pubs & Bars estate across the UK in 2017, taking its total expenditure on pubs to circa £100m during the past f … view |
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Monday 10th April 2017 |
US Restaurant Franchise Forum now free to attend for operators |
US Restaurant Franchise Forum now free to attend for operators: UK operators can now attend the US Restaurant Franchise Forum for free courtesy of CPL Training, which has become headline sponsor for the event. The half-day, which takes pl … view |
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Monday 10th April 2017 |
Tim Hortons to open first UK site in Glasgow, plans extensive UK roll-out over next 12 months |
Tim Hortons to open first UK site in Glasgow, plans extensive UK roll-out over next 12 months: Tim Hortons, the Canadian cafe and bake shop owned by Restaurant Brands is to open its first UK site, in Glasgow. The brand, which is making its Eur … view |
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Monday 10th April 2017 |
Laine Pub Company buys New Pub Company |
Laine Pub Company buys New Pub Company: Laine Pub Company, the London and Brighton-based multiple pub operator and craft brewer backed by Luke Johnson, has acquired the New Pub Company from founder Peter Linacre for an undisclosed sum. Ne … view |
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Monday 10th April 2017 |
Propel Monday News Briefing |
Caffè Nero launches first mobile payment and loyalty app: Caffè Nero has launched its first mobile payment and loyalty app in a bid to take its blue stamp card into the digital age. The app, which can be used in all Caffè Nero stores a … view |
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Sunday 9th April 2017 |
Caffè Nero launches first mobile payment and loyalty app |
Caffè Nero launches first mobile payment and loyalty app: Caffè Nero has launched its first mobile payment and loyalty app in a bid to take its blue stamp card into the digital age. The app, which can be used in all Caffè Nero stores a … view |
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Sunday 9th April 2017 |
BrewDog cashes in on £1bn deal as it sells 22% stake |
BrewDog cashes in on £1bn deal as it sells 22% stake: The founders of Scottish brewer and retailer BrewDog could pocket as much as £100m after selling part of the company to an American private equity giant. TSG Consumer Partners is splashin … view |
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Friday 7th April 2017 |
Las Vegas Friday Opinion special |
Subjects: Welcome to the Wynn – the ultimate expression of Las Vegas luxury, suspend your stylometer – you’re in Vegas baby, and welcome to fabulous? Authors: Mark Stretton, Dan Einzig and Kate Nicholls view |
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Friday 7th April 2017 |
Update: Lost profit from beer quality issues tops £700m, Hollywood Bowl, Burning Night Group |
Lost profit to pub industry from beer quality issues tops £700m: Pubs are missing out on an average of more than £14,600 per year in profit through inadequate beer quality management, according to new research. The Beer Quality Report 2 … view |
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Friday 7th April 2017 |
Propel Friday News Briefing |
Wear Inns operations director launches new pubco: Scott Weir, operations director of Wear Inns, has launched new pubco Tees Inns, which has acquired its first pub in Stockton town centre. Weir, who has extensive experience in the industry … view |
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Thursday 6th April 2017 |
Hollywood Bowl Group owner to sell up to 17.8% stake |
Hollywood Bowl Group owner to sell up to 17.8% stake: The owner of Hollywood Bowl Group, the UK’s largest ten-pin bowling operator, is planning to sell up to a 17.8% in the company. Private equity firm Electra Partners has announced its inte … view |
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Thursday 6th April 2017 |
Deliveroo to open 30 kitchen hubs, employers confused about Apprenticeship Levy |
Deliveroo to open 30 kitchen hubs to meet growing takeaway demand: Deliveroo plans to open 30 kitchen hubs in the UK this year to meet rapidly rising online demand for its takeaways. The app, which lets independent restaurants offer takea … view |
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Thursday 6th April 2017 |
Propel Thursday News Briefing |
London hotel market unaffected by terrorist attack as occupancy and average daily rate both rise: The London hotel market appears to have been unaffected by last month’s terrorist attack, with occupancy and average daily rate seeing yea … view |
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Wednesday 5th April 2017 |
Hollywood Bowl results, McDonald’s |
Hollywood Bowl reports it has ‘traded well’ in First Half: Hollywood Bowl, the UK’s largest ten-pin bowling operator, has reported it traded well through the first half of the financial year to 31 March with total revenue growth of … view |
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Wednesday 5th April 2017 |
Propel Wednesday News Briefing |
AA misses takeover target for VisitEngland quality assurance scheme: The AA has delayed its takeover of operating VisitEngland’s National Quality Assurance Scheme. The government awarded the contract to the AA last month, prompting “m … view |
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Tuesday 4th April 2017 |
Award-winning Chilli Pickle seeks to add four sites with crowdfunding push |
Award-winning Chilli Pickle seeks to add four sites with crowdfunding push: Award-winning Indian restaurant The Chilli Pickle, based in Brighton, has launched a crowd-funding campaign on the Growthdeck platform to raise £700,000 to open four … view |
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Tuesday 4th April 2017 |
Propel Tuesday News Briefing |
Lords licensing committee – ‘scrap local authority licensing committees and repeal Late Night Levy in current form’: The House of Lords select committee set up to review the Licensing Act 2003 has recommended a one-off radical overh … view |
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Monday 3rd April 2017 |
Lords licensing committee – ‘scrap local authority licensing committees and repeal Late Night Levy in current form’ |
Lords licensing committee – ‘scrap local authority licensing committees and repeal Late Night Levy in current form’: The House of Lords select committee set up to review the Licensing Act 2003 has recommended a one-off radical overhaul, … view |
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Monday 3rd April 2017 |
Fish and chip shops facing uncertain future as operators miss out on Britain’s growing foodservice market |
Fish and chip shops facing uncertain future as operators miss out on Britain’s growing foodservice market: Britain’s fish and chip shops are facing an uncertain future as operators miss out on the UK’s growing foodservice market, accordi … view |
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Monday 3rd April 2017 |
Bar and nightclub operator Aaron Mellor expands into Croatia and Los Angeles |
Bar and nightclub operator Aaron Mellor expands into Croatia and Los Angeles: Tokyo Industries, the UK’s largest privately owned bar and nightclub operator with 36 venues and owned by Aaron Mellor, has expanded its international operati … view |
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Monday 3rd April 2017 |
Propel Monday News Briefing |
Foie gras activists’ attacks on former ALMR chief gain national headlines: The online row over foie gras served at a Peak District pub owned by former Association of Licensed Multiple Retailers (ALMR) chief executive David McHattie and … view |
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