Sunday 30th December 2018 |
Oakman to combine various businesses to ‘reflect true value’ of company |
Oakman to combine various businesses to simplify structure and ‘reflect true value’ of company, terms agreed on further four sites: Oakman Inns and Restaurants has revealed it is combining its various operating businesses to simplify … view |
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Saturday 29th December 2018 |
Alison Brittain, Nisha Katona and Thomasina Miers awarded New Year’s Honours |
Alison Brittain, Nisha Katona and Thomasina Miers awarded New Year’s Honours: Whitbread chief executive Alison Brittain; Nisha Katona, founder of Indian street food restaurant Mowgli; and Thomasina Miers, founder of Mexican restaurant b … view |
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Friday 28th December 2018 |
Results: Anglian Country Inns and Spaghetti House |
Anglian Country Inns reports like-for-likes up 4.1% as turnover hits £11m: Anglian Country Inns, the award-winning operator of gastro-pubs and restaurants led by James Nye, has reported like-for-like sales increased 4.1% for the year end … view |
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Monday 24th December 2018 |
Burning Night bought out of administration, TRG completes £559m Wagamama deal |
Burning Night Group bought out of administration: Bar company Burning Night Group has been bought out of administration, saving more 300 jobs. Bierkeller sites in Birmingham, Leeds, Liverpool, Manchester and Nottingham, which also operate … view |
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Friday 21st December 2018 |
Whitbread gets EU clearance for £3.9bn Costa Coffee sale to Coca-Cola |
Whitbread gets EU clearance for £3.9bn Costa Coffee sale to Coca-Cola, announces share buyback programme: Whitbread has received clearance from the European Union under the EC Merger Regulation for its £3.9bn sale of Costa Coffee to Coc … view |
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Friday 21st December 2018 |
Propel news round-up |
This is the last Propel newsletter of 2018. We would like to take this opportunity to wish our readers a Merry Christmas and a prosperous new year Story of the Day:Antic hits back over Unite ‘poverty … view |
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Friday 21st December 2018 |
Friday Opinion |
Subjects: One voice, festive cheers, opportunity in experiences, Christmas presence and something old, something new Authors: Kate Nicholls, Glynn Davis, Angela Malik, Ann Elliott and Alex Booth On … view |
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Friday 21st December 2018 |
Update: Loungers set to push ahead with float, gin sales, Diageo |
The Times – Loungers to push ahead with float plan: Cafe bar group Loungers is to push ahead with plans for a £250m-plus stock market listing despite growing economic and political uncertainty. The company, which is backed by Lion Capi … view |
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Friday 21st December 2018 |
Propel Friday News Briefing |
Core Recruitment – companies are taking control of their own data: Sector recruitment firm Core Recruitment has noted a trend towards companies taking control of their own data in 2018. In a note to clients, Core Recruitment principal K … view |
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Thursday 20th December 2018 |
Update: Patisserie Valerie appoints RSM as new auditor |
Patisserie Valerie appoints RSM as new auditor: Patisserie Valerie has appointed RSM as its new auditor as the company contends with a Serious Fraud Office investigation into a £40m black hole in its accounts. RSM, the seventh largest auditin … view |
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Thursday 20th December 2018 |
Propel Thursday News Briefing |
Hop founder – potential for at least 30 sites in London following launch of evening format: Paul Hopper, founder of City-based Vietnamese street food concept Hop, has told Propel he believes there is potential for at least 30 sites in … view |
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Wednesday 19th December 2018 |
Caffe Nero plans to open 80 sites worldwide over next year, launching in Sweden after snapping up 11 outlets |
Caffe Nero plans to open 80 sites worldwide over next year, launching in Sweden after snapping up 11 outlets: Caffe Nero has said it plans to open 80 sites worldwide over the next year and has snapped up 11 outlets in Sweden as it prepares to … view |
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Wednesday 19th December 2018 |
Update: Patisserie Valerie boss outlines new initiatives as Starbucks executive joins team |
Patisserie Valerie boss outlines new initiatives as Starbucks executive joins team: Patisserie Valerie’s new boss has outlined a series of initiatives being introduced as he appointed a Starbucks executive to a key commercial role. Rhys … view |
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Wednesday 19th December 2018 |
Propel Wednesday News Briefing |
Research reveals extent of industry reliance on foreign workers, particularly in restaurant sector: The huge extent the hospitality industry relies on foreign workers, particularly in the restaurant sector and seasonally in pubs, has been … view |
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Tuesday 18th December 2018 |
Carlsberg UK appoints new chief executive |
Carlsberg UK appoints new chief executive: Carlsberg UK has appointed Tomasz Blawat as its new chief executive. Blawat, who is head of Carlsberg Poland, will join on Tuesday, 1 January. He will succeed Julian Momen, who will leave the business … view |
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Tuesday 18th December 2018 |
Update: UKHospitality's sustainability warning, Easyhotel, Dalata |
UKHospitality – vital sustainability measures must be affordable to achieve success: New measures to promote sustainability and cut waste must be proportionate and affordable, UKHospitality has said. Following the government’s announc … view |
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Tuesday 18th December 2018 |
Propel Tuesday News Briefing |
Business leader optimism under pressure across eating and drinking-out sector: Business confidence among leaders of Britain’s eating and drinking-out market remains strained, according to the latest edition of the CGA Business Confidenc … view |
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Tuesday 18th December 2018 |
Business leader optimism under pressure across eating and drinking-out sector |
Business leader optimism under pressure across eating and drinking-out sector: Business confidence among leaders of Britain’s eating and drinking-out market remains strained, according to the latest edition of the CGA Business Confidenc … view |
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Monday 17th December 2018 |
Update: Admiral Taverns results, Patisserie Valerie, The Restaurant Group, Just Eat |
Admiral Taverns reports trading in new financial year ‘ahead of expectations’ as full-year turnover and underlying Ebitda dips: Admiral Taverns has said trading in the early part of its new financial year has been “ahead of expectat … view |
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Monday 17th December 2018 |
Propel Monday News Briefing |
Sector like-for-likes up 1.5% in November, London outperforms regions: Britain’s managed pub and restaurant groups saw collective like-for-like sales grow 1.5% in November compared with last year, according to the latest Coffer Peach Bu … view |
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Monday 17th December 2018 |
Sector like-for-likes up 1.5% in November, average spend on night out rises 8.9% as frequency falls |
Sector like-for-likes up 1.5% in November, London outperforms regions: Britain’s managed pub and restaurant groups saw collective like-for-like sales grow 1.5% in November compared with last year, according to the latest Coffer Peach Bu … view |
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Friday 14th December 2018 |
Update: JD Wetherspoon reveals museum plan, top 100 restaurants, Deliveroo, M&B |
JD Wetherspoon unveils museum plans as part of £7m Wolverhampton development: JD Wetherspoon has unveiled plans for a museum that charts its history as part of a £7m development in Wolverhampton. The company has applied to the city coun … view |
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Friday 14th December 2018 |
Friday Opinion |
Subjects: Beware the craft beer hangover, casual dining still pulling in punters and Christmas rant Authors: Glynn Davis, Dominic Allport and Paul Chase Beware the craft beer hangover by Gly … view |
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Friday 14th December 2018 |
Update: The Restaurant Group, Mitchell’s of Lancaster and JD Wetherspoon |
The Restaurant Group reports 92% take-up of its rights issue: The Restaurant Group has announced that the 13 for 9 rights issue received valid acceptances in respect of 267,259,143 new ordinary shares, representing approximately 92.02% of … view |
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Friday 14th December 2018 |
Propel Friday News Briefing |
Chilango boss – success of bond offer shows we’ve come of age, like-for-likes at 10%, on hunt for marketing director: Eric Partaker, co-founder of Mexican brand Chilango, has told Propel the success of its Burrito Bond 2 offer shows t … view |
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Thursday 13th December 2018 |
Time Out Market secures 32,000 square foot Waterloo site |
Time Out Market secures 32,000 square foot Waterloo site: Time Out Group, the media and entertainment business, has signed a conditional lease agreement for a new Time Out Market in London, with planning already granted. The company state … view |
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Thursday 13th December 2018 |
Propel Thursday News Briefing |
Costa leads the way as UK sees greatest European coffee shop expansion in 2018, Brexit casts shadow over 2019: Whitbread-owned Costa Coffee helped the UK lead Europe in coffee shop sector growth in 2018 but Brexit is casting a shadow over … view |
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Wednesday 12th December 2018 |
Update: Franco Manca operator plans to increase openings |
Fulham Shore plans to increase restaurant openings: Franco Manca operator Fulham Shore has reported revenues of £33m (2017: £27.5m) for the six months ended 23 September – and a plan to increase openings going forward. Headline Ebitda … view |
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Wednesday 12th December 2018 |
Propel Wednesday News Briefing |
Deliveroo launches food market, PizzaExpress using site in Hong Kong to test pasta concept: Deliveroo has opened its first food market, in Hong Kong, and plans to expand the concept globally if it proves successful. Deliveroo Food M … view |
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Tuesday 11th December 2018 |
Update: TGI Friday’s and Hotel Chocolat |
Electra – we believe TGI Friday’s can provide a strong exit: Electra Private Equity, which is winding down its portfolio, has told shareholders it believes it can achieve a good price for its TGI Friday’s business in due cou … view |
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Tuesday 11th December 2018 |
Propel Tuesday News Briefing |
Propel launches Leadership Summit, open for bookings: Propel is launching the Leadership Summit, which will see a select group of the sector’s most experienced bosses share their expertise on leadership. The full-day event, in partnersh … view |
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Tuesday 11th December 2018 |
CDG appoints Rooney Anand as chairman, Leon secures second US site |
Casual Dining Group appoints Rooney Anand as chairman: Casual Dining Group (CDG), the operator of almost 300 mid-market restaurant brands including Las Iguanas, Cafe Rouge and Bella Italia, has appointed Rooney Anand as chairman. Anand wi … view |
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Monday 10th December 2018 |
Ossett Brewery sells 50% stake |
Ossett Brewery sells 50% stake to private investor: Yorkshire-based Ossett Brewery has sold a 50% stake to a private investor. The deal, for an undisclosed sum, includes Ossett Brewery and its 26 retail sites – 19 traditional pubs and restau … view |
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Monday 10th December 2018 |
Propel Monday News Briefing |
City Pub Group to make first move into experiential sector with crazy golf and street food stalls at former Wetherspoon pub in Cambridge: City Pub Group, led by Clive Watson, is to make its first move into the experiential sector by turni … view |
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Friday 7th December 2018 |
Turtle Bay UK operations director steps down, £300m Blackpool leisure scheme unveiled |
Turtle Bay UK operations director steps down: Karen Turton, UK operations director of Caribbean restaurant Turtle Bay, has stepped down, Propel has learned. Turton joined Turtle Bay, which is backed by private equity firm Piper, in March … view |
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Friday 7th December 2018 |
Friday Opinion |
Authors: Glynn Davis, Jill Whittaker and Ann Elliott Subjects: Nation of food-lovers, Apprenticeship Levy – use it before you lose it, and choose your words wisely Nation of food-lovers by Glynn … view |
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Friday 7th December 2018 |
Propel Friday News Briefing |
Patty & Bun in talks over further London sites, ‘new project’ to launch outside capital next year: Joe Grossman, founder of better burger brand Patty & Bun, has told Propel the company is in discussions over further London sites and i … view |
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Thursday 6th December 2018 |
Nando's sales near £1bn, NewRiver and Coaching Inn Group |
Nando’s reports sales near £1bn: Nando’s has reported sales rose £121.4m to £969.3m in the year to 25 February 2018 (2017: £847.9m), an increase of 14.3%. Operating profit decreased to £42.8m from £46.7m the year before “large … view |
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Thursday 6th December 2018 |
Update: Time Out Market Prague, Easyhotel’s transformational year |
Time Out secures management contract to run Time Out Market in Prague: Time Out Group, the global media and entertainment business, has entered into a management agreement with CRESTYL Group to open a new Time Out Market in Prague, the ca … view |
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Thursday 6th December 2018 |
Propel Thursday News Briefing |
Restaurant numbers fall 2% although managed groups continue to grow, total of licensed premises down 3.2%: The number of restaurants in Britain fell 2.0% during the year to September 2018 although managed groups continued to grow, the lat … view |
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Thursday 6th December 2018 |
Restaurant numbers fall 2% although managed groups continue to grow, Costa launches pre-order drinks service |
Restaurant numbers fall 2% although managed groups continue to grow, total of licensed premises down 3.2%: The number of restaurants in Britain fell 2.0% during the year to September 2018 although managed groups continued to grow, the lat … view |
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Wednesday 5th December 2018 |
Update: Patisserie Holdings, Restaurant Group, Pret, Greene King |
Patisserie Holdings hires interim chief financial officer: Patisserie Holdings has hired Nick Perrin as interim chief financial officer. The company stated: “Perrin is an experienced and successful finance director, most recently of AIM … view |
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Wednesday 5th December 2018 |
Propel Wednesday News Briefing |
Just Eat reports record UK order numbers, reaches 100,000 restaurant partners globally, GBK joins line-up: Online food delivery business Just Eat has reported record UK order numbers and revealed it has reached more than 100,000 restauran … view |
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Tuesday 4th December 2018 |
Propel Tuesday News Briefing |
Pret pilots full ingredient labelling: Pret A Manger is trialling full ingredient labelling at its store in Victoria as part of its pledge to better protect people with allergies. The company has vowed to “drive change” in the industr … view |
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Monday 3rd December 2018 |
NPD Group reveals five eating out trends that will shape the industry in 2019 |
NPD Group reveals five eating out trends that will shape the industry in 2019: Insights firm The NPD Group has identified five new trends that will shape Britain’s £56bn out-of-home (OOH) foodservice industry in 2019. The company said … view |
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Monday 3rd December 2018 |
Update: Patisserie Valerie, Oakman Inns and Nick Basing |
Patisserie Valerie’s former marketing boss makes £325,000 claim against the company over unpaid bonuses: The Times has reported that the former marketing head of Patisserie Valerie is suing the company for £325,000 in a claim over the … view |
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Monday 3rd December 2018 |
Propel Monday News Briefing |
Facebook methodology change leads to increased market share of reviews: Facebook’s polarised methodology change in August is now translating to increased usage across the platform, according to new statistics from Feed It Back’s month … view |
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Monday 3rd December 2018 |
On-trade beer sales see first third-quarter rise in 15 years following World Cup boost |
On-trade beer sales see first third-quarter rise in 15 years following World Cup boost: On-trade beer sales have seen their first third-quarter growth in more than 15 years, according to the latest Beer Barometer sales data from the … view |
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