Restaurant Group – there are early signs of improved volume, like-for-likes down 2.2%: The Restaurant Group has claimed early signs of improved volume momentum as like-for-like sales dropped 2.2% in the 26 weeks to 2 July. It reported a … view

Sbe ‘still committed’ to Hakkasan Group merger: International luxury resort company Sbe Entertainment has said it is still committed to merging with UK-based nightclub and restaurant company Hakkasan Group despite months passing witho … view

BrewDog to share 20% of profits annually: Scottish brewer and retailer BrewDog is to share 20% of its profits each year. The company is launching the BrewDog Unicorn Fund that will see it give 10% of its profits to its team and 10% to cha … view

Douglas Jack – Restaurant Group recovery will take longer than expected: Peel Hunt leisure analyst Douglas Jack has argued that the Restaurant Group’s recovery cold take longer than expected, downgrading his recommendation on its shar … view

Late-night leisure industry playing essential role in equipping young people with work skills: The late-night leisure industry is having a positive impact on employment, including the role it plays in equipping young people with essential … view

Admiral Taverns set for £220m sale: Admiral Taverns is set to be sold to a US investment fund for £220m. The company, which owns more than 1,000 wet-led pubs, is in advanced sale talks with New York fund Proprium Capital, reports the Su … view

Pret signs first US franchise agreement to open debut university sites: Pret A Manger has signed its first franchise agreement in the US to open its debut university sites in the country. The company will open two shops at the Wharton Sch … view

 

Deltic boss – ‘We’re very much in the game when it comes to Revolution deal’: Deltic Group chief executive Peter Marks has told Propel his company is “very much in the game” in the battle for Revolution Bars Group. Marks said … view

Deltic Group reports like-for-like sales up 3.85%: The Deltic Group, the UK’s largest operator of premium late-night bars and clubs with 58 venues across the UK, has reported like-for-like sales are up 3.85% so far in its current financ … view

Stonegate to buy Revolution Bars Group for £101.5m: Stonegate Pub Company has reached agreement with Revolution Bars Group to buy the company for £101.5m. Under the terms of the offer, Revolution shareholders shall be entitled to receiv … view

Food firms raise fears over EU workers’ rights following Brexit: Almost three-quarters (73%) of EU workers in the “farm to fork” supply chain are concerned over their right to remain in the UK following Brexit, according to a new s … view

Starbucks franchise co-founded by Ei Group director to launch £1.1m crowdfunding campaign to support 20-site roll-out: Starbucks franchise Elite Coffee is to launch a £1.1m fund-raise on crowdfunding platform Growthdeck next month to su … view

YO! Sushi reports turnover approaches £90m in ‘transformational’ first year under new ownership: YO! Sushi has reported like-for-like sales increased more than 5.5% in a “transformational” first year for the company under new own … view

The Alchemist to focus expansion on London as it looks to eventually grow to 50 UK sites: The Alchemist managing director Simon Potts has told Propel the company plans to focus on expansion in London in 2018 as it looks to eventually buil … view

Barburrito reports turnover growth as losses narrow: Mexican brand Barburrito, which is backed by the Business Growth Fund, has reported turnover increased 25% to £12,764,000 for the year ending 26 March 2017, compared with £10,225,000 … view

Early-bird opportunity to book place at Propel Multi Club Conference: As an attendee of previous Propel Multi Club events, we are offering you the first opportunity to book for our next Multi Club Conference on Wednesday, 1 November at th … view

Brakspear owner reports turnover and profit boost: JT Davies & Sons, the parent company for Henley-based pub operator and brewer Brakspear, increased its turnover during the year ending 31 December 2016 by 14%, to £25.5 million and Ebitd … view

Sector like-for-likes up 0.6% in July, restaurants slightly outperform pubs: Britain’s managed pubs and restaurants saw collective like-for-like sales up 0.6% in July compared with last year, the Coffer Peach Business Tracker has reveal … view

Sector like-for-likes up 0.6% in July, restaurants slightly outperform pubs: Britain’s managed pubs and restaurants saw collective like-for-like sales up 0.6% in July compared with last year, the Coffer Peach Business Tracker has reveal … view

Outlaw tops Good Food Guide 2018 ending L’Enclume’s four-year reign: Chef entrepreneur Nathan Outlaw’s restaurant in Cornwall has been crowned number one in the Good Food Guide (GFG) 2018, ending the four-year reign of Simon Rogan� … view

Deltic boss – ‘Revolution merger would create robust business that is good for sector as well as shareholders’: The Deltic Group chief executive Peter Marks has told Propel he believes a merger with Revolution Bars Group would creat … view

TLC Inns makes first foray into accommodation as it acquires first pub in five years: TLC Inns, the pub and restaurant operator founded and owned by Steve and Jo Haslam, has acquired its first site with accommodation. The company has agre … view

Online beer subscription service BeerBods hits £250,000 crowdfunding target: Online beer subscription service BeerBods has passed its £250,000 fund-raise target on crowdfunding platform Crowdcube. The company is offering a 10% equity st … view

More than 20,000 business rate appeals by hospitality sector still outstanding from 2010: The British Hospitality Association (BHA) and business rates specialist Altus have discovered there are 20,490 hospitality business rate appeals sti … view

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Restaurant Group hires Greene King finance director: The Restaurant Group has hired Kirk Davis as chief financial officer – he will start with the business in February 2018. Davis has extensive finance experience within listed leisure a … view

BrewDog raises $7m in Equity for Punks USA campaign: Scottish brewer and retailer BrewDog has closed its Equity for Punks USA campaign having raised $7m. The company was aiming to raise up to $50m through the campaign on crowdfunding pla … view

Adnams reports turnover boost in first six months: Suffolk brewer and pub operator Adnams has reported turnover up 6% to £33,165,000 in the six month to 30 June, with an operating loss of £544,000 after exceptional costs. Chairman Jonat … view

Brunning & Price founder to make pub trade return ten years after selling company: Brunning & Price founder Jerry Brunning is making a return to the pub trade ten years after selling the then 16-strong company to The Restaurant Group. Bru … view

TGI Friday’s UK reports return to like-for-like growth following 2.7% decline last year: The parent company of TGI Friday’s UK arm has reported a return to like-for-like growth in recent months after seeing a decline of 2.7% last year … view

Wildwood operator Tasty – trading below expectations, expects to shut sites: Wildwood operator Tasty has reported trading is below management’s revised expectations. The company stated: “The company is providing a trading update for … view

UK capital cities report double-digit revpar growth in second quarter, London and Manchester record rises despite terrorist attacks: UK hotel revpar continued to grow in the second quarter of 2017, suggesting overseas holiday travellers a … view

North West-based Know Collection seeks investment as it sets out ambitions for rapid growth: Managing director and co-owner of Liverpool-based Know Collection, Steven Hesketh, has told Propel the company is seeking investment as it looks … view

Subway opens 2,500th UK site, roll-out begins of new restaurant design: Subway has opened its 2,500th store in the UK. The new venue in Keynsham, near Bristol, is only the brand’s second in the UK to feature its new Fresh Forward restau … view

Innis & Gunn reports rise in group turnover and profit: Scottish brewer and retailer Innis & Gunn has increased its annual group turnover by 22% to more than £14.3m in 2016, up from £11.8m in 2015. The Edinburgh-based brewer also increa … view

Casual Dining Group to take on 100 more apprentices: The Casual Dining Group (CDG) plans to run 100 more apprenticeships this year on top of the 116 already in place across 60 restaurants within its portfolio. Since its launch last year, … view

CGA expands with major festivals acquisition: CGA, the data and research consultancy for the out-of-home food and drink market that produces the Coffer Peach Tracker, is expanding its operations into the festival business – with the acq … view

Douglas Jack issues an ‘Add’ recommendation on Greene King shares: Peel Hunt leisure analyst Douglas Jack has issued an ‘Add’ recommendation on Greene King shares. He said: “Greene King’s share price implies investors are taki … view

Stephen Crawley to open Liverpool brewery in the autumn: Former Caledonian managing director Stephen Crawley, who resurrected famous Liverpool brewer Higsons, is set to open his new brewery and visitor centre in the city in the autumn. Th … view

Marks & Spencer to run fresh sushi trial in-store with Wasabi: Marks & Spencer has announced a trial of fresh sushi counters in partnership with sushi experts Wasabi, bringing customers expertly prepared fresh products and improving the i … view

Amber Taverns reports turnover and profit boost: Community pub operator Amber Taverns, led by James Baer, has reported turnover rose 23.5% to £64,951,802 in the year to 5 February 2017 (2016: £52,602,681). Pre-tax profit rose to £8,735 … view

ALMR – government must ditch outdated RPI now: The Association of Licensed Multiple Retailers (ALMR) has echoed the Office for National Statistics’ sentiments about the unsuitability of using RPI as a measure of inflation and called o … view

Greggs reports 3.4% like-for-likes in First Half: Greggs, which operates 1,800 retail bakeries in the UK, has reported total sales up 7.3% to £453m in the 26 weeks ended 1 July. Company-managed shop like-for-like sales were up 3.4%. Ther … view

US-based B.GOOD brand is seeking franchisees as it looks to enter the UK market: B.GOOD, the fast-casual concept that serves natural, clean and freshly prepared food, is looking to enter the UK market by signing up UK franchisees. It offe … view