Friday 31st January 2020 |
Friday Opinion |
Subjects: Delivering decisions, the centenary of prohibition, and unlocking great reputation and customer loyalty Authors: Glynn Davis, Paul Chase and Sally Whelan Delivering decisions by Glynn Dav … view |
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Friday 31st January 2020 |
Propel Friday News Briefing |
Roadchef eyes two new F&B brands for estate in 2020 as it looks to rival quality at airports and train stations: Roadchef chief executive Mark Fox has told Propel the company is set to add two brands this year to its offering to ensure th … view |
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Thursday 30th January 2020 |
Update: Fuller's and Diageo trading, Wetherspoon boss receives investor group support |
Fuller’s reports managed like-for-likes up 4.3% over Christmas and 2.5% year to date: Fuller’s, the premium pubs and hotels business, has reported like-for-like sales in its managed division were up 4.3% for the six weeks encompassing … view |
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Thursday 30th January 2020 |
Propel Thursday News Briefing |
McDonald’s to invest £1bn in UK and Ireland business in next three years, plans 60 openings in 2020: McDonald’s is to invest £1bn in its UK and Ireland business during the next three years. The company also plans to open 60 restaura … view |
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Wednesday 29th January 2020 |
Peach reduces debt by £6m in sale and leaseback of four freehold pubs |
Peach reduces debt by £6m in sale and leaseback of four freehold pubs: Gastro-pub operator Peach has announced the sale and leaseback of the freeholds of four of its pubs in a property deal that secures further investment in its 19-strong por … view |
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Wednesday 29th January 2020 |
McDonald’s results, Yumpingo raises $10m |
McDonald’s reports like-for-likes up 5.9% in fourth quarter as full-year system-wide sales pass $100bn: McDonald’s has reported global like-for-likes rose 5.9% in its fourth quarter ending 31 December 2019. Global like-for-like sales were … view |
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Wednesday 29th January 2020 |
Starbucks reports half of its China stores now closed at it admits ‘material’ impact of coronavirus |
Starbucks reports half of its China stores now closed at it admits ‘material’ impact of coronavirus: Starbucks has become the first major US company to warn of a financial hit from the new coronavirus outbreak in China, as it closed thousa … view |
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Wednesday 29th January 2020 |
Propel Wednesday News Briefing |
Adam Breeden – new bingo concept has potential to grow across UK and abroad: Adam Breeden, founder of Social Entertainment Ventures (SEV), has told Propel the company is looking to grow its new bingo concept Hijingo across the UK and ev … view |
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Tuesday 28th January 2020 |
Stonegate spent almost £60m on Bar Fever acquisition and Novus sites, full-year like-for-likes up 1.7%: Stonegate Pub Company spent almost £60m on its acquisition of Bar Fever and 17 sites from Novus. The details were revealed in Stonegate's accoun … view |
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Tuesday 28th January 2020 |
Stonegate spent almost £60m on Bar Fever acquisition and Novus sites, full-year like-for-likes up 1.7% |
Stonegate spent almost £60m on Bar Fever acquisition and Novus sites, full-year like-for-likes up 1.7%: Stonegate Pub Company spent almost £60m on its acquisition of Bar Fever and 17 sites from Novus. The details were revealed in Stonegate's … view |
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Tuesday 28th January 2020 |
Update: Just Eat and McDonald’s, Chipotle and AG BARR |
Just Eat to partner McDonald’s: Just Eat, the online food delivery company, is to partner with McDonald’s across the UK and Ireland. Meanwhile, in a trading update, it stated that 2019 concluded in line with the board’s expectations … view |
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Tuesday 28th January 2020 |
Propel Tuesday News Briefing |
Pod administrators begin investigation into directors’ conduct: Administrators of Pod, the 22-strong healthy eating operator acquired by Azzurri Group, are investigating the conduct of its directors. A progress report by administrators … view |
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Monday 27th January 2020 |
Deliveroo to invest £1m supporting partner restaurants develop healthy meals and menus |
Deliveroo to invest £1m supporting partner restaurants develop healthy meals and menus: Deliveroo is to spend £1m promoting healthy eating across the UK and support partner restaurants in developing healthy meals and menus. The investm … view |
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Monday 27th January 2020 |
Propel Monday News Briefing |
‘Prime fast food’ concept Jacu Restaurant & Coffee secures debut UK site, plans five more London launches this year: Jacu Restaurant & Coffee, the brainchild of German leisure experts Arif and Diana Graca, will make its debut in the U … view |
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Friday 24th January 2020 |
Deliveroo to start charging ‘service fee’ to every customer |
Deliveroo to start charging ‘service fee’ to every customer: Deliveroo is to start charging a “service fee”, which will cover all customers including those signed up to its unlimited free delivery subscription service. The change will … view |
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Friday 24th January 2020 |
Exclusive: Hawthorn Leisure acquires 29-strong package of Marston’s pubs |
Exclusive – Hawthorn Leisure acquires 29-strong package of Marston’s pubs: Hawthorn Leisure, the pub operations arm of NewRiver, has acquired a 29-strong package of pubs from Marston’s for an undisclosed sum, Propel has learned. Propel u … view |
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Friday 24th January 2020 |
Friday Opinion |
Subjects: Low to no chance, stick to the roots, and eight characteristics of a great leader Authors: Glynn Davis, Ann Elliott and Julie Phillips Low to no chance by Glynn DavisRedemption … view |
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Friday 24th January 2020 |
Update: Marston's trading update, CMA launches Just Eat deal investigation, Chilango |
Marston’s lfls sales up 1.0%; plans further disposals: Marston’s, the brewer and pub operator, this morning announced that it saw a 1.0% increase in total managed and franchise like-for-like sales growth for the 16 weeks to 18 January … view |
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Friday 24th January 2020 |
Propel Friday News Briefing |
Wendy’s targets London as it starts search for debut UK site: Wendy’s, the third-largest quick service restaurant (QSR) chain in the US, has begun a search for its UK debut site with a focus on Greater London, Propel has learned. The … view |
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Thursday 23rd January 2020 |
Handmade Burger Co placed in administration again, all sites closed |
Handmade Burger Co placed in administration again, all sites closed: Burger Chain Ltd, owner of the 18-strong Handmade Burger Co brand, has been placed into administration, with all sites closing today (Thursday, 23 January). Leonard Curtis Re … view |
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Thursday 23rd January 2020 |
Exclusive – Punch acquires seven pubs from Heartstone Inns |
Exclusive – Punch acquires seven pubs from Heartstone Inns: Punch Pubs & Co has completed the acquisition of seven pubs from Heartstone Inns for an undisclosed sum. The package of pubs is spread across the south west of England and comprises … view |
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Thursday 23rd January 2020 |
Propel Thursday News Briefing |
Hawthorn Leisure in talks with operators including McDonald’s over dark kitchen space, would consider partnership deal for Stonegate/Ei Group sites: Hawthorn Leisure chief executive Mark Davies has told Propel the company has been havin … view |
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Wednesday 22nd January 2020 |
Restaurant Marketer & Innovator Award winners revealed |
Restaurant Marketer & Innovator Award winners revealed: The winners of this year’s Restaurant Marketer & Innovator Awards, staged by Propel and Think Hospitality, have been revealed. More than 150 entries were judged by a 20-strong pane … view |
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Wednesday 22nd January 2020 |
Update: JD Wetherspoon and Hawthorn Leisure trading |
JD Wetherspoon reports like-for-likes up 4.7% in second quarter, Tim Martin calls for ‘sensible’ corporate governance system: JD Wetherspoon has reported like-for-like sales increased 4.7% for the 12 weeks to 19 January 2019, with tot … view |
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Wednesday 22nd January 2020 |
Propel Wednesday News Briefing |
Stonegate launches enhanced maternity and paternity pay package including ‘industry first’ paid leave for fertility treatment: Stonegate Pub Company has enhanced its maternity and paternity provisions. The company has increased matern … view |
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Tuesday 21st January 2020 |
Update: SSP trading, CMA invites comments on Stonegate/Ei Group pub sale remedy, Itsu plots stock market float |
SSP reports like-for-likes up 1.2% in first quarter, acquires German company Station Food: SSP Group, the UK-based transport hub foodservice specialist, has reported like-for-like sales increased 1.2% for the 13 weeks to 31 December 2019, … view |
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Tuesday 21st January 2020 |
Propel Tuesday News Briefing |
Crowley to step down as BRG chief executive: Boparan Restaurant Group (BRG) has announced Tom Crowley is to step down as chief executive after little more than three years in the role to move on to a “new challenge”. The company, whic … view |
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Tuesday 21st January 2020 |
Crowley to step down as BRG chief executive |
Crowley to step down as BRG chief executive: Boparan Restaurant Group (BRG) has announced Tom Crowley is to step down as chief executive after little more than three years in the role to move on to a “new challenge”. The company, which ope … view |
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Monday 20th January 2020 |
Update: Social Entertainment Ventures, Fever-Tree |
Social Entertainment Ventures reports strong December growth and expansion plans: Social Entertainment Ventures (SEV), the operator of various experiential leisure concepts in the UK and US, has reported it delivered strong growth for the … view |
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Monday 20th January 2020 |
Propel Monday News Briefing |
Chopstix eyes further growth on back of strong end-of-year performance: Chopstix, the Asian quick service restaurant concept, is set for further expansion in 2020 on the back of a strong performance at the end of last year. The business, … view |
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Friday 17th January 2020 |
Exclusive: Handmade Burger Co placed on the market amid administration speculation |
Exclusive – Handmade Burger Co placed on the market amid administration speculation: Handmade Burger Co has been placed on the market again amid speculation a failure to sell the business could see it enter administration, Propel has learned … view |
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Friday 17th January 2020 |
Friday Opinion |
Subjects: Got the T-shirt, searching for a silver lining, and digital maturity Authors: Glynn Davis, Paul Chase and Tim Davis Got the T-shirt by Glynn DavisWhen designer and restaurateur … view |
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Friday 17th January 2020 |
Propel Friday News Briefing |
Christie & Co – ‘operators have never had a better chance to strike a bargain with landlords’: Simon Chaplin, senior director – corporate pubs and restaurants – at Christie & Co, has told Propel operators have never had a better … view |
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Thursday 16th January 2020 |
Number of small pubs and bars rises for first time in more than 15 years |
Number of small pubs and bars rises for first time in more than 15 years, sector ‘real’ turnover at highest level since financial crisis: The number of small pubs and bars in the UK has increased for the first time in more than 15 years, a … view |
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Thursday 16th January 2020 |
Update: Whitbread trading, Stephen Glancey to retire |
Whitbread reports its confidence is developing in Germany opportunity for Premier Inn: Whitbread has reported UK total sales growth 0.3% for the third quarter, marginally improving the year-to-date run rate. It said further development in … view |
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Thursday 16th January 2020 |
Propel Thursday News Briefing |
Asda to expand Food For Now trial as it eyes further partnerships with ‘well-known brands’: Asda is to expand its Food For Now concept as it looks to seal “new and innovative in-store brand partnerships” to cater for changing cons … view |
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Wednesday 15th January 2020 |
Legal Briefing |
Three issues to keep an eye on in 2020 by Michelle HazlewoodOf all the issues set to affect operators in 2020 from a legal and licensing perspective, three should be front of mind – the escalating problem of under-18s using pub and ba … view |
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Wednesday 15th January 2020 |
Update: Revolution, Ten Entertainment and Everyman results |
Revolution reports like-for-likes up 1.2% in first half, record festive period, reaches landlord agreement on nine sites: Revolution Bars Group, the operator of premium bars trading across the UK under the Revolution and Revolución de Cu … view |
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Wednesday 15th January 2020 |
Propel Wednesday News Briefing |
Sector like-for-likes up 2.5% over festive period as wet-led businesses lead the way: Britain’s managed pub and restaurant groups saw like-for-like sales grow 2.5% in the six weeks to 5 January 2020 compared with the previous year, acco … view |
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Wednesday 15th January 2020 |
Sector like-for-likes up 2.5% over festive period as wet-led businesses lead the way |
Sector like-for-likes up 2.5% over festive period as wet-led businesses lead the way: Britain’s managed pub and restaurant groups saw like-for-like sales grow 2.5% in the six weeks to 5 January 2020 compared with the previous year, according … view |
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Tuesday 14th January 2020 |
Greene King ‘confident’ proposed Unite strike action will have ‘little impact’ on pub deliveries |
Greene King ‘confident’ proposed Unite strike action will have ‘little impact’ on pub deliveries: Brewer and retailer Greene King has said it is confident a threat by Unite members in its brewing division to potentially strike thi … view |
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Tuesday 14th January 2020 |
Propel Tuesday News Briefing |
Clive Watson – City Pub Group has had a ‘wake-up call’: City Pub Group chairman Clive Watson has told Propel the company has had a “wake-up call”. The group, which owns and operates 47 premium pubs across southern England and Wa … view |
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Monday 13th January 2020 |
City Pub Group reports Ebitda to be ‘slightly below market expectations’ |
City Pub Group reports Ebitda to be ‘slightly below market expectations’: The City Pub Group, the owner and operator of 47 premium pubs across southern England and Wales, has reported total turnover for the year to 29 December 2019 wa … view |
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Monday 13th January 2020 |
Propel Monday News Briefing |
Bassadone invests in Various Eateries and becomes its non-executive chairman: Andy Bassadone, the co-founder of Strada and Cote, has invested in Various Eateries, the Coppa Cub and Strada operator, and at the same time become its new non- … view |
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Friday 10th January 2020 |
Takeaway.com seals victory in Just Eat battle with £5.9bn deal |
Takeaway.com seals victory in Just Eat battle with £5.9bn deal: Dutch delivery firm Takeaway.com has announced it has received the necessary acceptance level from Just Eat shareholders to complete its £5.9bn acquisition of the UK delivery pl … view |
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Friday 10th January 2020 |
Friday Opinion |
Subjects: Downsizing, predictions for 2020, new-style resolutions, and year of the circular economy Authors: Glynn Davis, Think Hospitality, Ann Elliott and Karen Lynch Downsizing by Glynn Davisview |
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Friday 10th January 2020 |
Propel Friday News Briefing |
UK coffee market growth to regain momentum in 2020 as major brands launch new channels: Growth of the UK coffee shop market is expected to regain momentum in 2020, with the landscape transforming further as major brands launch new channel … view |
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Thursday 9th January 2020 |
Wireless Social receives £1m Imbiba investment |
Wireless Social receives £1m Imbiba investment: Wi-Fi solutions provider Wireless Social has received a £1m investment from Imbiba, the specialist investor in the UK leisure and hospitality sector. The investment is Imbiba’s first in a tec … view |
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Thursday 9th January 2020 |
Update: M&B, Stonegate/Ei Group, Coal Grill & Bar, McDonald’s |
M&B reports 5.6% like-for-like sales growth over key three weeks of Christmas: Mitchells & Butlers has reported it traded well over the core three-week festive period, with like-for-like sales growth of 5.6%, including strong performance … view |
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Thursday 9th January 2020 |
Propel Thursday News Briefing |
Salt launches restaurant division headed by Handley Amos and Neil Rankin, reveals host of projects: Salt, the partnership and experience agency specialising in food and drink, has launched a restaurant division headed by Handley Amos and … view |
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Wednesday 8th January 2020 |
Campbell and Hills leave as Baton Berisha takes on Bill’s management |
Campbell and Hills leave as Baton Berisha takes on Bill’s management: Bill’s, which is backed by Richard Caring, has reshuffled its management team with executive chairman David Campbell and managing director Sarah Hills stepping down from … view |
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Wednesday 8th January 2020 |
Update: Doubts raised again over future of Handmade Burger Co |
Doubts raised again over future of Handmade Burger Co: The future of Handmade Burger Co is again uncertain, after owner The Burger Chain Ltd filed notice of its intention to appoint an administrator for the 19-strong chain, over the festi … view |
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Wednesday 8th January 2020 |
Propel Wednesday News Briefing |
Barkby Group adds three pubs to estate, completes Workshop Coffee deal: Premium gastro-pub operator Barkby Group, which was admitted to AIM on Tuesday (7 January), has added a further three pubs to its portfolio. The company was formed in … view |
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Tuesday 7th January 2020 |
Immersive restaurant company launches with stellar creative team |
Immersive restaurant company launches with stellar creative team: James Bulmer, former Disney executive and chief executive of The Fat Duck Group, has formed immersive restaurant company Wonderland Restaurants. The company has pulled toge … view |
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Tuesday 7th January 2020 |
Update: Bed and Bars, Fuller’s, Tokyo Industries, Wetherspoon |
Beds and Bars reports group Ebitda up 16.5%, two new sites planned: Pan-European hostel and bar operator Beds & Bars, led by Keith Knowles OBE, has reported turnover rose 5.74% to £54.9m and group Ebitda rose 16.5% to £6.1m at constant … view |
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Tuesday 7th January 2020 |
Propel Tuesday News Briefing |
Hickory’s to accelerate expansion plans after securing £13m funding package: American-style smokehouse and barbecue brand Hickory’s Smokehouse, which is backed by Piper, is to accelerate its expansion plans after securing a £13m fun … view |
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Monday 6th January 2020 |
Chilango CVAs approved |
Chilango CVAs approved: Chilango’s company voluntary arrangement (CVA) proposals have been approved after receiving the support of the vast majority of Chilango’s creditors and shareholders, with 84% voting in favour of the arrangement for … view |
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Monday 6th January 2020 |
Propel Monday News Briefing |
YO! to launch trial of new kiosk brand Panku with Asda: YO!, the Richard Hodgson-led global multi-brand, multi-channel Japanese food group, is to further ramp up its retail sector presence with the trial of a new kiosk concept with Asda, … view |
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Friday 3rd January 2020 |
Update: December sales flat, Thai Leisure Group, Loui Blake |
Christmas sales figures flat: According to analysis of more than 1,500 sector sites using S4labour software, overall like-for-like sales were broadly static in December 2019, compared with the same month in 2018, falling by 0.1%. There wa … view |
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Friday 3rd January 2020 |
Propel Friday News Briefing |
McVeigh joins chicken sandwich concept Butchies as chairman: London-based chicken sandwich concept Butchies has appointed Draft House founder Charlie McVeigh as its new chairman, Propel has learned. Butchies, which currently has two sites … view |
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Thursday 2nd January 2020 |
Tasty sells London site to Five Guys for £2m |
Tasty sells London site to Five Guys for £2m: Wildwood operator Tasty has reported the exchange of contracts for the sale of its dim t More London site, close to London Bridge, for a gross cash consideration of £2 million. Propel source … view |
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