Monday 31st August 2020 |
JD Wetherspoon launches own reduced prices scheme as Eat Out To Help Out ends |
JD Wetherspoon launches own reduced prices scheme as Eat Out To Help Out ends: JD Wetherspoon is launching its “Stay Out To Help Out” scheme from tomorrow (Tuesday, 1 September). It follows on from the success of the government’s Ea … view |
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Friday 28th August 2020 |
Muffin Break UK franchise holder sold in pre-pack administration |
Muffin Break UK franchise holder sold in pre-pack administration: Foodco UK, the UK franchise holder of the cafe brand Muffin Break, has been sold out of administration, saving almost 700 jobs. The deal sees 59 of the sites remain open. Muffin … view |
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Friday 28th August 2020 |
Friday Opinion |
Subjects: Eat Out To Help Out customer behaviour, how to make the most of your marketing potential, smart operators have teased customers back, to tech or not to tech in a post-lock-down world Authors: Ann Elliott, Victoria S … view |
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Friday 28th August 2020 |
Propel Friday News Briefing |
Sector rallies behind test and trace: Operators have rallied to get behind NHS Test and Trace – to show customers their spaces are safe and to help avoid further lock-downs. Industry companies across the spectrum are supporting the init … view |
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Thursday 27th August 2020 |
Pret to lose 2,800 jobs, turnover currently down 60% year-on-year |
Pret to lose 2,800 jobs, turnover currently down 60% year-on-year: Pret A Manger, the JAB Holdings-backed company, is to reduce staff numbers by 2,800 as it reshapes the business – it has reported trade across UK shops is 60% down year-on-ye … view |
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Thursday 27th August 2020 |
Deliveroo to launch Eat In to Help Out to ‘help small restaurants’ |
Deliveroo to launch Eat In to Help Out to ‘help small restaurants’: Deliveroo is offer customers a discount in September to encourage them to “eat in to help out”. The delivery company will offer £5 off orders of £20 or more eve … view |
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Thursday 27th August 2020 |
Propel Thursday News Briefing |
Operators extend discount offer from their own pockets into September but call for further government support: Operators are extending the 50% discount on food and soft drinks into next month by footing the cost themselves amid calls for … view |
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Wednesday 26th August 2020 |
Wahaca to close ten sites, explores CVA |
Wahaca to close ten sites, explores CVA: Mexican restaurant brand Wahaca is to close ten sites and explore a company voluntary arrangement (CVA). The company stated: “The past four months have seen the depletion of significant cash reserves … view |
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Wednesday 26th August 2020 |
D&D London – July and August trade well above expectation |
D&D London – July and August trade well above expectations: D&D London has reported trading since reopening on 4 July has been well above expectations. Des Gunewardena, chairman and chief executive, said: “We’ve been pleased by July and … view |
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Wednesday 26th August 2020 |
Byron buyer paid £4m |
Byron buyer paid £4m: An administrator report indicates that £4m was paid by Calveton UK to acquire 20 Byron sites out of administration. A report by administrator KPMG states that unsecured creditors are likely to receive less than 1p … view |
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Wednesday 26th August 2020 |
Propel Wednesday News Briefing |
TowerBrook paid £109.5m for Azzurri Group: Azzurri Group, the operator of ASK Italian, Zizzi and Coco Di Mama, was acquired out of administration by private equity firm TowerBrook Capital for £109.5m last month – less than half the £ … view |
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Tuesday 25th August 2020 |
Propel Tuesday News Briefing |
Numis – JD Wetherspoon to make a loss after subdued start: Numis leisure analyst Tim Barrett has said JD Wetherspoon has got off to a slow restart, even with the benefit of Eat Out To Help Out, and argued its sales scenario for the curr … view |
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Monday 24th August 2020 |
JD Wetherspoon reports like-for-like sales down 16.9% |
JD Wetherspoon reports like-for-like sales down 16.9%: JD Wetherspoon has reported like-for-like sales are down 16.9% for the 44 days of trading to 16 August. The company stated: “Apart from a small number of development sites, and pubs … view |
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Monday 24th August 2020 |
Propel Monday News Briefing |
Night-time operators present government with science-backed reopening plan: A consortium of leading night-time operators, including the Night Time Industries Association (NTIA), has called on the government to save the UK’s late-night s … view |
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Monday 24th August 2020 |
Night-time operators present government with science-backed reopening plan |
Night-time operators present government with science-backed reopening plan: A consortium of leading night-time operators, including the Night Time Industries Association (NTIA), has called on the government to save the UK’s late-night sector … view |
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Sunday 23rd August 2020 |
BrewDog buys 2,050 acres of Highlands land to create forest as part of carbon negative plans |
BrewDog buys 2,050 acres of Highlands land to create forest as part of carbon negative plans: Scottish brewer and retailer BrewDog is to plant one million trees by 2022 to create its own forest as part of a carbon negative approach to business … view |
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Friday 21st August 2020 |
Wasabi to undergo CVA, ‘handful’ of sites to close |
Wasabi to undergo CVA, ‘handful’ of sites to close: Wasabi, the sushi and bento chain led by Henry Birts and backed by Capdesia, has launched a company voluntary arrangement (CVA) that will see a “handful” of sites close. Founded in 20 … view |
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Friday 21st August 2020 |
Friday Opinion |
Subjects: The politics game, consumer confidence is growing in the sector but operators need to guard against complacency, labour costs and don’t just leave us with memories Authors: Paul Chase, Gary Goodman, Richard Hartle … view |
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Friday 21st August 2020 |
Trade body survey shows nightclub sector on the brink of financial disaster |
Trade body survey shows nightclub sector on the brink of financial disaster: The nightclub sector has warned it faces a looming “financial Armageddon” that could put three quarters of a million people out of work within weeks, The Guardian … view |
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Friday 21st August 2020 |
Propel Friday News Briefing |
Paul Chase – PHE's ‘flawed’ counting methods for coronavirus deaths is a ‘major blunder’ that has directly impacted the hospitality industry: Leading sector commentator Paul Chase has argued Public Health England’s “flawed … view |
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Thursday 20th August 2020 |
Propel Thursday News Briefing |
Sector leaders call for Eat Out To Help Out scheme extension: UKHospitality chief executive Kate Nicholls and Sacha Lord, night-time economy adviser for Greater Manchester, are among those calling for the government to extend the Eat Out … view |
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Wednesday 19th August 2020 |
Exclusive: Greene King reports trade back to 80% in like-for-like terms, city centre trading ‘extremely difficult’ |
Exclusive – Greene King reports trade back to 80% in like-for-like terms, city centre trading ‘extremely difficult’: Brewer and retailer Greene King has reported its sales have made steady progress since reopening and are now circa 80% o … view |
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Wednesday 19th August 2020 |
Propel Wednesday News Briefing |
Trade bodies warn sector over having robust test and trace data collection or risk seeing guidelines ‘significantly strengthened’: Industry trade bodies have written an open letter to the sector to stress the importance of having accu … view |
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Tuesday 18th August 2020 |
PizzaExpress to shut 73 UK sites as it undergoes CVA |
PizzaExpress to shut 73 UK sites as it undergoes CVA: PizzaExpress is to undergo a company voluntary arrangement (CVA that will see 73 of its 449 UK restaurants close, resulting in the loss of 1,100 jobs. The company said the CVA, which is bei … view |
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Tuesday 18th August 2020 |
Update: Gordon Ramsay, Samuel Smith’s, Tasty, Compass Group |
Gordon Ramsay – I am still planning to add 50 sites in the UK: Gordon Ramsay’s restaurant business made a profit of more than £15 million last year and is still planning to open 50 venues across the UK. The chef is also planning a ma … view |
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Tuesday 18th August 2020 |
Propel Tuesday News Briefing |
CEBR – Eat Out To Help Out doing more to help UK’s return to normality than government guidance changes: The Eat Out To Help Out scheme is doing more to help the UK’s return to normality than the many changes in government guidance … view |
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Monday 17th August 2020 |
Osmond: Listing of Various Eateries will provide war chest to expand existing brands and acquire others |
Osmond: Listing of Various Eateries will provide war chest to expand existing brands and acquire others: Serial sector investor Hugh Osmond has told Propel that a proposed AIM-listing of his Various Eateries business, will see the company … view |
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Monday 17th August 2020 |
Propel Monday News Briefing |
Sector sees slight drop-off in sales during second week of Eat Out To Help Out scheme: The sector saw a slight drop-off in sales during the second week of the government’s Eat Out To Help Out scheme, according to research by hospitality … view |
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Friday 14th August 2020 |
YO! to undergo CVA, 19 UK restaurants to close |
YO! to undergo CVA, 19 UK restaurants to close: YO!, the global multi-brand, multi-channel Japanese food group, is to undergo a company voluntary arrangement (CVA) that will see 19 of its 69 UK restaurants close. The company, led by Richa … view |
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Friday 14th August 2020 |
Friday Opinion |
Subjects: Listening to the customer, keep the human contact, and home is where the heart was Authors: Ann Elliott, Glynn Davis and Karen Turton Listening to the customer by Ann ElliottEve … view |
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Friday 14th August 2020 |
Update: Bowling alleys to reopen in England, Wales makes collecting contact details mandatory |
Bowling alleys to reopen in England tomorrow after delay but nightclubs remain shut: Bowling alleys and casinos will be allowed to reopen in England from tomorrow (Saturday, 15 August) as the government resumes its easing of lock-down res … view |
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Friday 14th August 2020 |
Propel Friday News Briefing |
Greene King becomes UK’s largest takeaway pub business: Brewer and retailer Greene King has introduced food and drink takeaway across its food-led managed pub estate, which makes it the UK’s largest pub takeaway business. The move fol … view |
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Thursday 13th August 2020 |
Adnams sees pre-tax losses rise to £3.9m as turnover plummets |
Adnams sees pre-tax losses rise to £3.9m as turnover drops: Suffolk brewer and retailer Adnams has reported a pre-tax loss of £3.9m for the six months ending 30 June 2020, compared with a loss of £1.2m the previous year as a result of its … view |
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Thursday 13th August 2020 |
Propel Thursday News Briefing |
Sector sees sales halve in first month back: Britain’s managed pub, restaurant and bar groups saw total July sales down 50.4% compared with last year as the sector re-emerged from lock-down, latest data from the Coffer Peach Business Tr … view |
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Thursday 13th August 2020 |
Sector sees sales halve in first month back |
Sector sees sales halve in first month back: Britain’s managed pub, restaurant and bar groups saw total July sales down 50.4% compared with last year as the sector re-emerged from lock-down, latest data from the Coffer Peach Business Tr … view |
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Wednesday 12th August 2020 |
Legal Briefing |
Putting in the effort by Michelle HazlewoodHaving advised operators across the hospitality sector throughout the covid-19 crisis, it’s clear they’re doing their best to follow official guidance, whether that’s social distancing, l … view |
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Wednesday 12th August 2020 |
Just Eat reports turnover and Ebitda growth |
Just Eat reports turnover and Ebitda growth: Just Eat has reported revenue up 44% to €1 billion, and adjusted Ebitda of €177 million in the first six months of this year. Jitse Groen, chief executive of Just Eat Takeaway.com N.V, said … view |
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Wednesday 12th August 2020 |
Propel Wednesday News Briefing |
Trinity Kitchen and British Street Food Awards founder Richard Johnson to launch street food offer, seeks chief operating officer: Richard Johnson, founder of the British, European and USA Street Food Awards and the man behind Trinity Kit … view |
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Tuesday 11th August 2020 |
Opinion Special: We need more transparency on covid data |
We need more transparency on covid data by Tim MartinGovernment policy in the four UK parliaments, and in the Republic of Ireland is implicitly based on the assumption there is a high level of covid-19 transmission in pubs. This appro … view |
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Tuesday 11th August 2020 |
Diners use eat out discount 10.5 million times in first week |
Diners use eat out discount 10.5 million times in first week: Diners used the “eat out to help out” scheme more than 10.5 million times in its first week, the Treasury has said. Under the scheme, which is intended to boost the struggl … view |
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Tuesday 11th August 2020 |
Propel Tuesday News Briefing |
Body Text Here … view |
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Tuesday 11th August 2020 |
Propel Tuesday News Briefing |
G1 Group slows reopening plans and announces closures after background music ban, warns measures will have ‘drastic impact on atmosphere’: Scotland’s largest managed pub, restaurant and hotel operator G1 Group has been forced to ret … view |
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Monday 10th August 2020 |
McDonald’s sues ex-CEO Easterbrook over alleged sexual relationships with staff members |
McDonald’s sues ex-CEO Easterbrook over alleged sexual relationships with staff members: McDonald’s is suing former chief executive Steve Easterbrook over severance pay-outs after alleging he hid details of three sexual relationships with … view |
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Monday 10th August 2020 |
Landlords and operators call on government for rent support |
Landlords and operators call on government for rent support: Landlords and operators have joined forces to ask the government to step in and pay commercial rents. Trade bodies have been in talks with ministers about proposals that would see th … view |
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Monday 10th August 2020 |
Propel Monday News Briefing |
Itsu’s leasehold portfolio over-rented compared with market by £6m per annum: An inflated UK property market coupled with upwards-only rent reviews has caused the leasehold portfolio of Itsu to be over-rented by £6m per annum. Accordi … view |
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Monday 10th August 2020 |
Pubs swifter to reopen as restaurants and London lag behind |
Pubs swifter to reopen as restaurants and London lag behind, less than two-thirds of licensed premises back trading: Less than two-thirds (62%) of Britain’s licensed premises were trading again by the end of July following the lifting of loc … view |
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Friday 7th August 2020 |
Friday Opinion |
Subjects: The risk game, best seat in the house, and the importance of talent and technology Authors: Paul Chase, Glynn Davis and Dan Maimone The risk game by Paul ChaseMy last article fo … view |
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Friday 7th August 2020 |
Propel Friday News Briefing |
Operators hail success of first week of Eat Out To Help Out as sales increase 70.9%: Restaurant and pub operators have hailed the success of the first week of the government’s Eat Out To Help Out scheme, including significant double-dig … view |
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Thursday 6th August 2020 |
JD Wetherspoon plans to make up to 130 head office staff redundant |
JD Wetherspoon plans to make up to 130 head office staff redundant: JD Wetherspoon has announced plans to make up to 130 of its head office staff redundant. The company stressed the proposed redundancies won’t affect staff working in the com … view |
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Thursday 6th August 2020 |
Franco Manca operator – we are in the ‘survive and prosper’ group of companies |
Franco Manca operator – we are in the ‘survive and prosper’ group of companies: Fulham Shore has reported sales have risen week-on-week since re-opening on 4 July and like-for-like sales are circa 72% of last year in the four weeks … view |
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Thursday 6th August 2020 |
Propel Thursday News Briefing |
Bill’s to permanently close parts of estate: Bill’s, the Richard Caring-backed restaurant group, is set to close parts of its 78-strong estate, Propel has learned. It’s thought the business has earmarked a number of sites for closur … view |
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Wednesday 5th August 2020 |
YO! appoints advisers to explore CVA |
YO! appoints advisers to explore CVA: YO!, the global multi-brand, multi-channel Japanese food group, has appointed Deloitte as advisers to explore the possibility of a company voluntary arrangement (CVA). A formal decision to proceed with a C … view |
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Wednesday 5th August 2020 |
Loungers reports like-for-like sales down just 1.7% |
Loungers reports like-for-like sales down just 1.7%: Loungers, the operator of 165 neighbourhood cafe bars and restaurants across England and Wales under the Lounge and Cosy Club brands, has announced like-for-like sales have been -1.7% s … view |
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Wednesday 5th August 2020 |
Propel Wednesday News Briefing |
BrewDog calls for urgent action to stimulate central London economy, Eat Out To Help Out ‘making huge difference’ already: Scottish brewer and retailer BrewDog is calling for urgent government action to stimulate central London’s e … view |
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Tuesday 4th August 2020 |
CMA clears Amazon’s £442m investment in Deliveroo |
CMA clears Amazon’s £442m investment in Deliveroo: The Competition and Markets Authority (CMA) has cleared Amazon’s £442m investment in Deliveroo following an in-depth investigation. In June, the CMA determined Amazon’s investment in D … view |
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Tuesday 4th August 2020 |
PizzaExpress announces major restructuring plan, begins sale process |
PizzaExpress announces major restructuring plan that could see 15% of estate shut, begins sale process: PizzaExpress has announced a major restructuring plan to shore up its finances that could see about 15% of its estate shut. The company sai … view |
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Tuesday 4th August 2020 |
Propel Tuesday News Briefing |
Nicholls – unless government fixes rent issue all good work will be lost: UKHospitality chief executive Kate Nicholls has said unless the government fills in the last piece of the jigsaw – rent – all its good work so far will be los … view |
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Monday 3rd August 2020 |
Update: More than 72,000 businesses sign up as Eat Out To Help Out launches |
More than 72,000 businesses sign up as Eat Out To Help Out launches: More than 72,000 businesses have signed up to the government’s Eat Out To Help Out scheme, which launches today (Monday, 3 August). Anyone visiting a participating res … view |
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Monday 3rd August 2020 |
Propel Monday News Briefing |
Pubs and restaurants won’t have to shut to allow schools to reopen insists minister, sector warns another closure would destroy industry: Pubs and restaurants won’t have to shut to allow schools to reopen next month, housing secretary … view |
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Saturday 1st August 2020 |
Epiris completes deal for Casual Dining Group, to become The Big Table |
Epiris completes deal for Casual Dining Group, to become The Big Table: UK-based private equity firm Epiris has completed a deal to acquire Casual Dining Group (CDG), the operator of Las Iguanas, Bella Italia and Cafe Rouge, which will now be … view |
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Saturday 1st August 2020 |
Opinion Special: The industry's free hit |
The industry's free hit by Will BeckettOne of the most interesting things in the industry at the moment is everyone is behaving differently. The rules of the game aren’t known, or if they are they keep changing. It feels a bit like Ma … view |
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