| Friday 29th June 2018 |
| Friday Opinion |
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Subjects: Beavertown deal is simply business, why I forgave gastro-pubs and how to attain customer loyalty Authors: Elton Mouna, Glynn Davis and Ann Elliott Beavertown deal is simply business by El … view |
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| Friday 29th June 2018 |
| Update: Deliveroo couriers win payout, Pret reusable cup usage soars |
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Deliveroo couriers win share of £1m settlement: Deliveroo has paid out up to £1m in compensation to couriers who were denied basic employment rights. A total of 50 cyclists and moped riders are believed to have received up to £45,000 e … view |
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| Friday 29th June 2018 |
| Propel Friday News Briefing |
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United front from pub companies on adjudication transparency: The six companies subject to the Pubs Code have written to Business, Energy and Industrial Strategy minister Richard Harrington agreeing to waive their right to confidentiality … view |
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| Thursday 28th June 2018 |
| Update: Greene King results, Subway partners with Just Eat, Cake Box float |
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Greene King reports full-year managed like-for-likes down 1.7% following slower food sales: Greene King has reported managed like-for-like sales were down 1.7% for its full financial year with the figure at -1.2% excluding the impact of s … view |
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| Thursday 28th June 2018 |
| Propel Thursday News Briefing |
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Restaurant numbers drop 0.4%, licensed premises show acceleration in closures: The number of restaurants in Britain fell 0.4% in the year to March, the latest Market Growth Monitor from CGA and AlixPartners has revealed. The decline comes … view |
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| Thursday 28th June 2018 |
| Restaurant numbers drop 0.4%, licensed premises show acceleration in closures |
| Restaurant numbers drop 0.4%, licensed premises show acceleration in closures: The number of restaurants in Britain fell 0.4% in the year to March, the latest Market Growth Monitor from CGA and AlixPartners has revealed. The decline comes amid … view |
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| Wednesday 27th June 2018 |
| Update: Whitbread Q1, Inn Collection finance, CO2 shortage, Just Eat |
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Whitbread sales up but like-for-likes down in First Quarter: Whitbread has reported group total sales growth of 3.2% in the UK but like-for-like sales down 1.3% in its First Quarter. Accommodation like-for-likes dropped 0.3%, food and bev … view |
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| Wednesday 27th June 2018 |
| Propel Wednesday News Briefing |
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Propel launches Women’s Entrepreneur Conference: Propel has partnered with Elliotts chief executive Ann Elliott to launch the sector’s first conference featuring an all-female line-up of company leaders. The event takes place on Tuesd … view |
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| Tuesday 26th June 2018 |
| Hummus Brothers goes into administration |
| Hummus Brothers goes into administration: Hummus Brothers has become the latest sector company to go into administration. In a note to customers on its website, the six-strong company wrote: “It is with a heavy heart we write this note to yo … view |
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| Tuesday 26th June 2018 |
| Yummy aims to re-open fire-hit Somers Town next week |
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Yummy Pub Company aims to re-open fire-hit Somers Town Coffee House next week: Yummy Pub Company is planning to re-open its fire-hit flagship site, Somers Town Coffee House in Euston, next week. The company stated: “Last Friday (22nd Ju … view |
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| Tuesday 26th June 2018 |
| Propel Tuesday News Briefing |
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City analyst questions whether loss-making companies should be allowed to offer mini-bonds as Pod launches £200,000 fund-raise: City analyst Mark Brumby has questioned whether loss-making companies should be able to offer mini-bonds as L … view |
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| Tuesday 26th June 2018 |
| East Coast Concepts secures third Victor's site as The Alchemist shuts Alderley Edge venue |
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East Coast Concepts secures third Victor’s site as The Alchemist shuts Alderley Edge venue: East Coast Concepts has secured the third site for its all-day concept Victor’s, in Alderley Edge, Cheshire. The £1.2m, 2,450 square foot res … view |
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| Monday 25th June 2018 |
| Loungers on track to reach 140 sites by year-end |
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Loungers on track to reach 140 sites by year-end: Loungers, the operator of 104 Lounges and 22 Cosy Clubs, is on track to reach 140 sites by the end of 2018. Since the beginning of the year, the company has opened 12 new sites. Since open … view |
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| Monday 25th June 2018 |
| Propel Monday News Briefing |
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Government plans compulsory calorie count on menus: Restaurants, pubs and cafes will be forced to print calorie content on their menus in a proposed drive to cut child obesity. New laws are being drawn up by the government to ensure paren … view |
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| Friday 22nd June 2018 |
| Update: Inn Collection sale, MPs' pub support |
| Alchemy Partners acquires Inn Collection Group: Pub operator Inn Collection Group has been sold by Kings Park Capital to a new company backed by Alchemy Partners, the former backers of Revolution Bars Group, Propel has learned. Kings Park Capi … view |
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| Friday 22nd June 2018 |
| Friday Opinion |
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Subjects: Salad days, moving the goalposts, and the benefits of matching food and drink Authors: Glynn Davis, Paul Chase and Hannah Allsop Salad days by Glynn DavisMy first experie … view |
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| Friday 22nd June 2018 |
| Update: Greene King, Starbucks first UK franchise opens 50th site |
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Douglas Jack – growth could soon return at Greene King: Peel Hunt leisure analyst Douglas Jack has forecast that growth could soon return at Greene King. He said: “For Thursday’s prelims, we forecast profit before tax falling by 11% … view |
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| Friday 22nd June 2018 |
| Propel Friday News Briefing |
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Pod removes posters advertising mini-bond after Propel intervenes over potential to mislead small investors: London-based healthy eating brand Pod has removed posters advertising its mini-bond after Propel pointed out their potential to m … view |
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| Thursday 21st June 2018 |
| Company with rights to Willy Wonka brand seeks £5.5m to launch flagship London restaurant |
| Company with rights to Willy Wonka brand seeks £5.5m to launch flagship London restaurant, plans global roll out: The company that owns the rights to the Willy Wonka brand is aiming to raise £5.5m as it plans a global roll-out of a themed, f … view |
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| Thursday 21st June 2018 |
| Propel Thursday News Briefing |
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Voice-based ordering and food-tracking devices will be next big thing to influence delivery market: Voice-based ordering and food-tracking devices are set to be the next big thing to influence the UK’s fast-growing delivery market, acco … view |
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| Thursday 21st June 2018 |
| Voice-based ordering and food-tracking devices will be next big thing to influence delivery market |
| Voice-based ordering and food-tracking devices will be next big thing to influence delivery market: Voice-based ordering and food-tracking devices are set to be the next big thing to influence the UK’s fast-growing delivery market, according … view |
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| Wednesday 20th June 2018 |
| Prescott & Conran enters administration |
| Prescott & Conran enters administration: Prescott & Conran, the restaurant group founded by Peter Prescott and Sir Terence and Lady Conran in 2006, has entered administration. Stephen Clancy and Benjamin Wiles, of Duff & Phelps, have been appo … view |
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| Wednesday 20th June 2018 |
| Update: Greene King calls for minimum pricing in England, Starbucks unveils priorities |
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Greene King calls for minimum pricing in England after Wales move: Greene King has called on England to implement minimum pricing after the measure was adopted in Wales, Rooney Anand, Greene King chief executive, said: “Greene King welc … view |
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| Wednesday 20th June 2018 |
| Propel Wednesday News Briefing |
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New partnership to ‘revolutionise’ hospitality workers’ pay: Fourth, the software partner to the hospitality industry, has partnered with Wagestream in a ground-breaking move that will combine their technologies to give hospitality … view |
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| Wednesday 20th June 2018 |
| New partnership to ‘revolutionise’ hospitality workers’ pay |
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New partnership to ‘revolutionise’ hospitality workers’ pay: Fourth, the software partner to the hospitality industry, has partnered with Wagestream in a ground-breaking move that will combine their technologies to give hospitality … view |
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| Tuesday 19th June 2018 |
| Propel Tuesday News Briefing |
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HIT Training boss – Apprenticeship Levy has its challenges but operators shouldn’t miss out on benefits: The Apprenticeship Levy has its challenges but operators shouldn’t miss out on the benefits, HIT Training chief executive Jill … view |
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| Monday 18th June 2018 |
| Propel Monday News Briefing |
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Sector like-for-likes bounce back in May as sun shines on pubs but not restaurants: Hot weather in May helped boost trade in Britain’s pubs but hit restaurant sales, according to the latest Coffer Peach Business Tracker. Overall, the co … view |
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| Monday 18th June 2018 |
| Sector like-for-likes bounce back in May, Heineken makes record investment in UK pub estate |
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Sector like-for-likes bounce back in May as sun shines on pubs but not restaurants: Hot weather in May helped boost trade in Britain’s pubs but hit restaurant sales, according to the latest Coffer Peach Business Tracker. Overall, the co … view |
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| Friday 15th June 2018 |
| Update: Deliveroo court challenge, Adam Handling, Zonal acquisition |
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Union wins right to challenge Deliveroo riders’ self-employed status in high court: A union has been given the go-ahead for a high court challenge over the employment status of Deliveroo riders. The Independent Workers Union of Great Br … view |
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| Friday 15th June 2018 |
| Friday Opinion |
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Subjects: What Einstein can teach us about customer experience, don’t stuff up selling turkey this Christmas and retail-style agreements Authors: John Upton, James Hacon and Ann Elliott What Eins … view |
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| Friday 15th June 2018 |
| Propel Friday News Briefing |
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Number of emerging high-street restaurant brands falls 38%, Crosstown Doughnuts fastest-growing: The number of emerging high-street restaurant brands has fallen 38% in the past 18 months, reflecting the overall slowdown in the market that … view |
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| Thursday 14th June 2018 |
| NPD Group – eating out decline mirrors behaviour of last recession, Hart brothers smash crowdfunding target |
| NPD Group – eating out decline mirrors behaviour of last recession: Total visits in the out-of-home (OOH) foodservice market dropped 1% in the first quarter of 2018 versus the same quarter a year earlier, according to insights firm The NPD G … view |
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| Thursday 14th June 2018 |
| Revolution reports sales short of expectations after volatile trading |
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Revolution reports ‘challenging and volatile’ trading, sales short of expectations: Revolution Bars Group has provided an update on the performance of the group for the 52 week period ending 30 June 2018, reporting it has experienced … view |
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| Thursday 14th June 2018 |
| Propel Thursday News Briefing |
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Flexible opening hours could give sector £6.75bn a year boost: The hospitality sector could make a further £6.75bn a year by adapting opening hours to fit in with changing work patterns, according to new research. Barclays’ Open All H … view |
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| Thursday 14th June 2018 |
| Flexible opening hours could give sector £6.75bn a year boost |
| Flexible opening hours could give sector £6.75bn a year boost: The hospitality sector could make a further £6.75bn a year by adapting opening hours to fit in with changing work patterns, according to new research. Barclays’ Open All Hours … view |
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| Wednesday 13th June 2018 |
| Update: Deliveroo, Franco Manca, Pub Invest Group |
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Deliveroo extends network: Deliveroo is to add 5,000 UK restaurants to its delivery platform. Restaurants that have their own delivery fleets will be able to tap Deliveroo’s 15,000 riders in the UK under the new service, called “Marke … view |
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| Wednesday 13th June 2018 |
| Propel Wednesday News Briefing |
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Vegan barbecue food and healthy ice cream to be top trends this summer: Vegan barbecue, healthy ice cream, alternative soft drinks and beer snacks will be the major food and drink trends this summer, according to Mintel’s latest report. … view |
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| Tuesday 12th June 2018 |
| Thwaites results, shuts brewery after travellers cause havoc |
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Thwaites reports like-for-likes up 2.5%, Ebitda rises 7%: North west brewer and retailer Daniel Thwaites has reported like-for-like sales increased 2.5% for the year ending 31 March 2018. Turnover rose 9.2% to £92.2m compared with £84.4 … view |
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| Tuesday 12th June 2018 |
| Update: Z Hotels, post-Brexit labour shortage, Domino’s |
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Oaknorth provides £7.3m of debt finance for Soho hotel development: Challenger bank Oaknorth has provided £7.3m in a debt financing deal to compact luxury hotel brand Z Hotels, City AM has reported. The company has undergone rapid growt … view |
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| Tuesday 12th June 2018 |
| Propel Tuesday News Briefing |
| UKHospitality invites Labour leader to discuss future of sector workforce: UKHospitality has offered to meet Labour leader Jeremy Corbyn to discuss employment in the hospitality sector. The invitation follows an announcement by the party it wo … view |
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| Monday 11th June 2018 |
| Propel Monday News Briefing |
| Newcastle-based The Naked Deli receives £2.5m investment for UK expansion: Newcastle-based The Naked Deli has received £2.5m of growth capital from independent infrastructure, private equity and investment manager Foresight Group. The Naked … view |
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| Monday 11th June 2018 |
| Newcastle-based The Naked Deli receives £2.5m investment for UK expansion |
| Newcastle-based The Naked Deli receives £2.5m investment for UK expansion: Newcastle-based The Naked Deli has received £2.5m of growth capital from independent infrastructure, private equity and investment manager Foresight Group. The Nake … view |
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| Friday 8th June 2018 |
| Fuller’s takes full ownership of The Stable |
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Fuller’s takes full ownership of The Stable after acquiring remaining 24% stake: Fuller’s has completed the acquisition of the remaining 24% stake of The Stable, the 17-strong pizza, pie and cider brand, to take full ownership of the … view |
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| Friday 8th June 2018 |
| Friday Opinion |
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Subjects: Meat-free used to be murder, nanny state on steroids, when Greggs gets it right, and addressing the gender pint gap Authors: Glynn Davis, Paul Chase, Oliver Fenton, and Annabel Smith and Lisa HarlowMea … view |
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| Friday 8th June 2018 |
| Fuller’s buys Bel & The Dragon, managed like-for-likes up 2.5% since year end |
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Fuller’s buys Bel & The Dragon for £18.5m, managed like-for-likes up 2.5% since year end: London brewer and retailer Fuller’s has bought Bel & The Dragon for £18.5m, which said it was a “perfect fit with our premium pub portfolio … view |
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| Friday 8th June 2018 |
| Propel Friday News Briefing |
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Tim Martin – rent review market is ‘insane’: JD Wetherspoon founder and chairman Tim Martin has labelled the current rent review situation “insane”, with the property market making a “bad situation worse” by pushing up rents … view |
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| Thursday 7th June 2018 |
| Whitbread open to selling Costa or Premier Inn, executive pay scheme document reveals |
| Whitbread open to selling Costa or Premier Inn, executive pay scheme document reveals: Whitbread is open to selling Costa Coffee or Premier Inn, according to a new executive pay scheme circulated to shareholders. The company said in April it p … view |
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| Thursday 7th June 2018 |
| Peter Stringfellow dies after cancer battle |
| Peter Stringfellow dies after cancer battle: Nightclub owner Peter Stringfellow has died at the age of 77 from cancer. Stringfellow, who presented at last year’s Bar and Nightclub Conference, organised by UKHospitality and Propel, died in th … view |
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| Thursday 7th June 2018 |
| NewRiver acquires Grays Shopping Centre for £20.2m |
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NewRiver acquires Grays Shopping Centre for £20.2m: NewRiver has acquired Grays Shopping Centre in Essex for £20.2m. The acquisition comprises a community shopping centre with 177,300 square foot of retail space and a 32,000 square … view |
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| Thursday 7th June 2018 |
| Propel Thursday News Briefing |
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CAMRA sees slight income increase, membership up 3.0%: The Campaign for Real Ale (CAMRA) saw income increase slightly to £13,966,528 for the year ending 31 December 2017, compared with £13,940,948 the year before. Total reserves increas … view |
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| Wednesday 6th June 2018 |
| Rosa’s Thai Cafe sells majority stake to private equity firm |
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Rosa’s Thai Cafe sells majority stake to private equity firm: Thai restaurant group Rosa’s Thai Cafe, set up by husband-and-wife team Saiphin and Alex Moore, has sold a majority stake to private equity firm TriSpan. Rosa’s Thai Cafe … view |
| ................................................................................................ |
| Wednesday 6th June 2018 |
| Update: Peel Hunt on Fuller’s |
| Douglas Jack – current trading at Fuller’s should be ‘better than the shares suggest’: Peel Hunt leisure analyst Douglas Jack has said current trading at London brewer and retailer Fuller’s should be “better then the shares suggest … view |
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| Wednesday 6th June 2018 |
| Propel Wednesday News Briefing |
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Jamie Oliver boss – we’re reconnecting with customers by going back to our roots: Jamie Oliver Restaurant Group chief executive Jon Knight has told Propel the company is working to reconnect its founder with customers. Having seen the … view |
| ................................................................................................ |
| Tuesday 5th June 2018 |
| Update: Starbucks, Ten Entertainment Group, Vianet, McDonald’s, Merlin |
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Howard Schultz to leave Starbucks: Starbucks executive chairman Howard Schultz will leave the company at the end of this month. Schultz, who has been at the helm of Starbucks for almost four decades, will be replaced by Myron Ullman, the … view |
| ................................................................................................ |
| Tuesday 5th June 2018 |
| Propel Tuesday News Briefing |
|
Slowdown in leisure sector evident for first time since 2012: A slowdown in the leisure sector is evident for the first time since 2012 although niche cuisines continue to thrive, new research has revealed. The latest bi-annual retail and … view |
| ................................................................................................ |
| Tuesday 5th June 2018 |
| Slowdown in leisure sector evident for first time since 2012 |
| Slowdown in leisure sector evident for first time since 2012: A slowdown in the leisure sector is evident for the first time since 2012 although niche cuisines continue to thrive, new research has revealed. The latest bi-annual retail and leis … view |
| ................................................................................................ |
| Monday 4th June 2018 |
| Wagamama seeks new owners for global growth |
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Wagamama seeks new owners for global growth: Wagamama is seeking new owners to share its taste for global ambitions. The company, chaired by Allan Leighton, has appointed Goldman Sachs to review what is described as “strategic grow … view |
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| Monday 4th June 2018 |
| Propel Monday News Briefing |
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Confidence starts returning to sector as operators have highest level of optimism for more than two years: Confidence is starting to return to the sector despite a host of pressures, with operators having the highest levels of optimism fo … view |
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| Monday 4th June 2018 |
| Confidence starts returning to sector as operators have highest level of optimism for more than two years |
| Confidence starts returning to sector as operators have highest level of optimism for more than two years: Confidence is starting to return to the sector despite a host of pressures, with operators having the highest levels of optimism for mor … view |
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| Friday 1st June 2018 |
| Supper London receives significant investment from Taiwanese giant, latest foodservice inflation figures |
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Supper London receives significant investment and backing from Taiwanese giant: London-based premium food delivery service Supper has sold a substantial stake to PK Wang, the driving force behind Yi Fang, which has more than 600 stores wo … view |
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| Friday 1st June 2018 |
| Friday Opinion |
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Subjects: The delivery battle is heating up, going it alone and supporting street food Authors: Glynn Davis, Ann Elliott and Tom Cormie The delivery battle is heating up by Glynn DavisR … view |
| ................................................................................................ |
| Friday 1st June 2018 |
| Propel Friday News Briefing |
|
New industry-led charity assists homeless and ex-service personnel into hospitality careers: A new industry-led nationwide charity has been formed to assist the homelessness and ex-service personnel get into hospitality careers. Only A Pa … view |
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