Friday 30th August 2019 |
Exclusive: Coffeesmiths Collective acquires Taylor St Baristas UK and US, eyes expansion |
Exclusive – Coffeesmiths Collective acquires Taylor St Baristas UK and US, eyes expansion: Coffeesmiths Collective, the Toby Smith-led business that runs various coffee chains including the Department of Coffee and Social Affairs (DoCaSA) an … view |
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Friday 30th August 2019 |
Friday Opinion |
Subjects: Wine appreciation, improving customer experience from within, delivering effective learning with different approaches, F&B and the Fringe Festival, and catering for more than just millennials Authors: Glynn Davis, K … view |
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Friday 30th August 2019 |
Costa Coffee launches ‘commuter focused’ store concept |
Costa Coffee launches ‘commuter focused’ store concept: Costa Coffee, owned by Coca-Cola, has launched a new “commuter focused” store concept, in London. The debut site has opened at Lewisham station – one of eight new mini-format st … view |
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Friday 30th August 2019 |
Propel Friday News Briefing |
Chick-fil-A to take significant step towards UK launch: Chick-fil-A, the largest chicken, and the third largest US fast food restaurant chain, is looking to take a significant step towards launching in the UK, with the opening of a one-ye … view |
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Thursday 29th August 2019 |
Propel Thursday News Briefing |
PizzaExpress Future Express programme ‘exceeding expectations’: Zoe Bowley, managing director of PizzaExpress, has told Propel the performance of the initial group of restaurants it has refurbished under its “Future Express” progr … view |
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Wednesday 28th August 2019 |
PizzaExpress reports UK like-for-likes ‘largely flat’ in first half, group Ebitda down 7.7% |
PizzaExpress reports UK like-for-likes ‘largely flat’ in first half, group Ebitda down 7.7%: PizzaExpress has reported a “resilient performance” in the UK and Ireland for the 26 weeks ending 30 June 2019, while its international busine … view |
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Wednesday 28th August 2019 |
Update: Loungers Full Year results, Fulham Short AGM and vegan meals |
Loungers reports like-for-like sales up 6.9% in Full Year: Loungers has reported sales rose 26.4% to £153m and like-for-like sales rose 6.9% in the 52 weeks ended 21 April 2019. Adjusted Ebitda was up 23.7% to £20.6m (2018: £16.6m). Ad … view |
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Wednesday 28th August 2019 |
Propel Wednesday News Briefing |
YO! to extend Tesco partnership to further 40 stores: YO!, the global multi-brand, multi-channel Japanese food group, is to extend its YO! To Go trial with Tesco, after a successful two-store pilot. Propel understands the Richard Ho … view |
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Tuesday 27th August 2019 |
Robin Rowland to step down from YO! board to focus on portfolio of retail hospitality interests |
Robin Rowland to step down from YO! board to focus on portfolio of retail hospitality interests: Global multi-brand, multi-channel Japanese food group YO! has announced Robin Rowland has decided to step down as a non-executive director of the … view |
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Tuesday 27th August 2019 |
Propel Tuesday News Briefing |
Center Parcs claims concept has ‘never been more relevant’ as it reports turnover and profit boost: Center Parcs, which offers 4,300 units of accommodation across five sites in the UK, has reported turnover and profit increased in the … view |
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Saturday 24th August 2019 |
Deep Blue takes over Harry Ramsden estate, number of London pubs stabilises |
Deep Blue takes over Harry Ramsden estate: Deep Blue Restaurants has acquired fellow fish and chip brand Harry Ramsden from Boparan Restaurant Group (BRG). The transaction sees Deep Blue take over the entire estate of the 90-year-old Harry Ram … view |
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Friday 23rd August 2019 |
Friday Opinion |
Subjects: Happy family meals, proposed health taxes aren’t so sweet, and end the gravy train Authors: Glynn Davis, Steve Perez and Paul Chase Happy family meals by Glynn Davis … view |
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Friday 23rd August 2019 |
Jason Cotta hired as new chief executive of Ole & Steen |
Jason Cotta hired as new chief executive of Ole & Steen: Jason Cotta has been hired as the new chief executive of Ole & Steen (Lagkagehuset in Denmark), as from Monday (26 August). He has broad experience of driving growth in the sector, most … view |
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Friday 23rd August 2019 |
Propel Friday News Briefing |
Bird secures new backing as part of a pre-pack administration: Bird, the fried chicken & waffles chain, has sold a majority stake to the Crown Partnership, as part of a pre-pack administration. As part of the deal, the group's Shoreditch … view |
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Thursday 22nd August 2019 |
Propel Thursday News Briefing |
Marco Pierre White brands Jamie Oliver ‘delusional’ for blaming restaurant company collapse on Brexit: Marco Pierre White has criticised Jamie Oliver for claiming Brexit was to blame for the collapse of his restaurant company and sugg … view |
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Wednesday 21st August 2019 |
Propel Wednesday News Briefing |
Casual Dining Group enhances staff rewards: Casual Dining Group (CDG) has rolled out a suite of financial services for employees including on-demand pay across all its brands. The company stated: “The move demonstrates the company’s c … view |
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Tuesday 20th August 2019 |
Hong Kong-based property developer agrees cash offer for Greene King that values group at £4.6bn |
Hong Kong-based property developer agrees cash offer for Greene King that values group at £4.6bn: CK Asset Holdings, a Hong Kong-based property developer, has agreed a cash offer for Greene King that values the pub group at £4.6bn. CK Asset … view |
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Tuesday 20th August 2019 |
The Greene King takeover – Propel insights editor Mark Wingett gives his view |
At the end of December 2015, Greene King reported that it was shipping 50,000 cases of India pale ale to China following a surge in demand after President Xi Jinping drank a pint of the beer with the then Prime Minister David Cameron on his stat … view |
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Tuesday 20th August 2019 |
Propel Tuesday News Briefing |
Goodbody – Greene King acquisition an attractive multiple for shareholders, M&B our top pick: Leisure analysts at broker Goodbody have said the proposed acquisition by Hong Kong-based property developer CK Asset Holdings (CKA) of G … view |
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Monday 19th August 2019 |
CH&CO buys Mitie’s Gather & Gather business for up to £85m |
CH&CO buys Mitie’s Gather & Gather business for up to £85m: Mitie Group has entered into an agreement to sell its Gather & Gather catering and hospitality business for a consideration of up to £85 million in cash (on a debt-free, cash-free … view |
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Monday 19th August 2019 |
Propel Monday News Briefing |
CGA and AlixPartners survey shows sixth consecutive quarterly drop in UK restaurant numbers: UK restaurant numbers have fallen for the sixth quarter in a row, the new edition of the Market Growth Monitor from CGA and AlixPartners has reve … view |
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Monday 19th August 2019 |
CGA and AlixPartners survey shows sixth consecutive quarterly drop in UK restaurant numbers |
CGA and AlixPartners survey shows sixth consecutive quarterly drop in UK restaurant numbers: UK restaurant numbers have fallen for the sixth quarter in a row, the new edition of the Market Growth Monitor from CGA and AlixPartners has revealed. … view |
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Friday 16th August 2019 |
Red Oak Taverns completes acquisition of 18-pub portfolio from Wadworth, plans £1m investment |
Red Oak Taverns completes acquisition of 18-pub portfolio from Wadworth, plans £1m investment: Red Oak Taverns has completed the acquisition of an 18-strong package of leased and tenanted pubs from Devizes-based brewer and retailer Wadwo … view |
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Friday 16th August 2019 |
Friday Opinion |
Subjects: Growing pains, F&B strategy, and Generation Alpha won’t stomach a lie Authors: Glynn Davis, Ann Elliott and Helenor Gilmour Growing pains by Glynn Davis |
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Friday 16th August 2019 |
Jamie Barber buys back Cabana’s London estate through Hush vehicle |
Jamie Barber buys back Cabana’s London estate through Hush vehicle: Jamie Barber has acquired the five-strong London estate of Cabana, the Brazilian barbecue group he founded with David Ponte, through his Hush vehicle. Cabana was placed on t … view |
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Friday 16th August 2019 |
Propel Friday News Briefing |
YO! returning to Dublin with new Kitchen concept: Global multi-brand, multi-channel Japanese food group YO! is returning to Dublin, where it will open a second site for its non-belt, full-service restaurant concept YO! Kitchen. The first … view |
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Thursday 15th August 2019 |
PAUL UK reports sales and like-for-like boost |
PAUL UK reports sales and like-for-like boost: PAUL UK, the 37-strong French bakery and cafe brand, has reported like-for-like sales rose 3.4% (2017: 2.4%) for the year ended 31 December 2018, with turnover up 7.4% to £38m. Online sales … view |
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Thursday 15th August 2019 |
Propel Thursday News Briefing |
Bruce Pubs withdraws bonds from NEX Exchange: Bruce Pubs, a subsidiary of Scottish pub operator Bruce Group Scotland, has decided to withdraw the company’s bonds from trading on the NEX Exchange. The withdrawal date will be Friday, 6 Se … view |
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Wednesday 14th August 2019 |
Adnams report First Half dip in turnover, losses up |
Adnams report First Half dip in turnover, losses up: Suffolk brewer and retailer Adnams has reported half year losses to 30 June rose to £783,000 from £557,000 in the year before. Turnover dipped to £34.7m from £35.5m for the comparab … view |
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Wednesday 14th August 2019 |
Propel Wednesday News Briefing |
Two high-profile Newcastle venues bought out of administration in pre-pack deal: Two high-profile Newcastle venues have been bought out of administration in a pre-pack deal. Administrators were called in to Fat Buddha and Antler – both … view |
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Tuesday 13th August 2019 |
NPD – travel hub market to see explosive growth |
NPD – travel hub market to see explosive growth: Global information company The NPD Group has forecast Britain’s travel hubs – airports, motorway service stations, train stations and petrol forecourts – now represent a distinct fo … view |
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Tuesday 13th August 2019 |
Propel Tuesday News Briefing |
Dishoom has paid £15.5m in dividends since 2017: Indian restaurant Dishoom has paid £8m in dividends to shareholders in the most recent 18 months – the most recent £5m was paid at the end of May 2019. The dividend payments follow a p … view |
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Monday 12th August 2019 |
Propel Monday News Briefing |
Sector like-for-likes up 1.2% in July but restaurant groups see more closures than openings: Britain’s managed pub and restaurant groups saw collective like-for-like sales grow 1.2% in July against the same time last year, according to … view |
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Monday 12th August 2019 |
Sector like-for-likes up 1.2% in July but restaurant groups see more closures than openings |
Sector like-for-likes up 1.2% in July but restaurant groups see more closures than openings: Britain’s managed pub and restaurant groups saw collective like-for-like sales grow 1.2% in July against the same time last year, according to the l … view |
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Friday 9th August 2019 |
Friday Opinion |
Subjects: Why the smaller companies are more successful, the importance of change, an open letter to John Timothy of Portman Group and what the dine-in sector can learn from the Just Eat merger Authors: Alastair Scott, Steve … view |
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Friday 9th August 2019 |
Propel Friday News Briefing |
The Alchemist reports turnover passes £40m, receiving landlord approaches as it builds pipeline: The Alchemist, the 16-strong Simon Potts-led bar and restaurant concept, has reported turnover increased 19% to £41,031,836 for the year en … view |
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Thursday 8th August 2019 |
Propel Thursday News Briefing |
Deliveroo launches rescue team to keep struggling restaurants trading: Deliveroo has set up a new team that will focus on identifying restaurants in need of support – offering them a place in a local Editions delivery-only kitchen in or … view |
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Thursday 8th August 2019 |
Deliveroo launches rescue team to keep struggling restaurants trading |
Deliveroo launches rescue team to keep struggling restaurants trading: Deliveroo has set up a new team that will focus on identifying restaurants in need of support – offering them a place in a local Editions delivery-only kitchen in order t … view |
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Wednesday 7th August 2019 |
Propel Wednesday News Briefing |
Greene King paid Rooney Anand £850,000 to secure new settlement terms over departure due to 'inadequate’ contract: Brewer and retailer Greene King paid former chief executive Rooney Anand £850,000 in order to secure new settlement ter … view |
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Tuesday 6th August 2019 |
Exclusive: Wrapchic acquired out of administration |
Exclusive – Wrapchic acquired out of administration: Fusion fast-food business Wrapchic has been acquired out of administration, after running into issues with some of its franchisees, Propel has learned. Nichola Cusack and Rishi Karia, of P … view |
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Tuesday 6th August 2019 |
Domino’s UK reports like-for-like sales up 3.9%, CEO David Wild to retire |
Domino’s UK reports like-for-like sales up 3.9%, CEO David Wild to retire: Domino’s Pizza UK has reported system sales rose 4.7% to £645.8m in the 26 weeks ended 30 June, with like-for-like sales in the UK up 3.9%. Underlying profit befor … view |
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Tuesday 6th August 2019 |
Propel Tuesday News Briefing |
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Monday 5th August 2019 |
Boxpark unveils two new concepts and plans to expand nationwide |
Boxpark unveils two new concepts and plans to expand nationwide: Boxpark has unveiled plans to expand nationwide with a further ten sites over the next five years. The expansion will also see the launch of two new concepts – BoxOffice a … view |
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Monday 5th August 2019 |
Easyhotel board recommends 95p a share offer valuing shares at £138.7m |
Easyhotel board recommends 95p a share offer valuing shares at £138.7m: The board of Easyhotel have recommended a 95p a share cash offer for the business from Cadim Fonds, part of Ivanhoé Cambridge and Icamap Investments. The offer repr … view |
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Monday 5th August 2019 |
Propel Monday News Briefing |
Giggling Squid ends sales process, Kossoff to step down as chair: Giggling Squid, the 32-strong Thai restaurant brand founded by Andy and Pranee Laurillard that was placed on the market earlier this year, is no longer in discussions regar … view |
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Friday 2nd August 2019 |
Friday Opinion |
Subjects: Time to ditch rental principles, veganism – a nationwide movement, consumers’ growing thirst for alcohol information and every detail matters Authors: Glynn Davis, Loui Blake, Adam Jones and Ann Elliott view |
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Friday 2nd August 2019 |
Goals Soccer Centres finds “improper behaviour” within the company since 2010, no longer expects to resume AIM trading |
Goals Soccer Centres finds “improper behaviour” within the company since 2010, no longer expects to resume AIM trading: Goals Soccer Centres has told the Stock Market this morning that it has been the subject of “improper behaviour … view |
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Friday 2nd August 2019 |
Propel Friday News Briefing |
Yum! Brands reports KFC UK sales up 17% in second quarter following last year's delivery saga: Yum! Brands has reported KFC system sales in the UK rose 19% for the second quarter ended 30 June 2019, compared with the previous year when it … view |
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Thursday 1st August 2019 |
Propel Thursday News Briefing |
Just Eat trials dynamic pricing in three UK cities: Just Eat, the market place for takeaway food delivery, been trialling dynamic pricing in three UK cities as it looks to better to understand the relationship between delivery fee pricing … view |
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