Thursday 30th June 2022 |
Pret to expand to India with up to 100 stores planned over next five years |
Pret to expand to India with up to 100 stores planned over next five years: Pret A Manger is to launch in India with up to 100 shops expected to open in the country over the next five years. Pret has partnered with Reliance Brands, which … view |
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Thursday 30th June 2022 |
Update: Jobs market, business confidence, Nightcap et al |
Jonathan Neame – I’ve never known the jobs market to be this bad: Jonathan Neame, chief executive of Kent brewer and retailer Shepherd Neame, has said he has “never known the jobs market to be this bad before”. He added vacancies … view |
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Thursday 30th June 2022 |
Propel Thursday News Briefing |
Meat prices continue to climb: Meat prices are continuing to climb, analysis by catering butcher Birtwistles has shown. In its latest market report, Birtwistles said poultry prices “continue to tick upwards”, particularly around wings … view |
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Wednesday 29th June 2022 |
Whitbread appoints Dominic Paul as new chief executive |
Whitbread appoints Dominic Paul as new chief executive: Whitbread has appointed Dominic Paul as its next chief executive. Paul will succeed Alison Brittain, who has decided to retire from full-time executive life at the end of the financi … view |
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Wednesday 29th June 2022 |
Update: Greene King report on sector jobs, Shepherd Neame trading update, 92 Degrees investment, Diageo, food prices |
Young people should see bar jobs as important as university degrees: Young people must stop turning their noses up at working in bars to help ease the jobs crisis, according to a report backed by ministers. The Telegraph reports that Gree … view |
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Wednesday 29th June 2022 |
Propel Wednesday News Briefing |
Train strikes hurt Pret sales as millions stay home: The UK’s worst rail strike in three decades hit sales at Pret A Manger hard with activity in London’s financial and shopping districts and train stations falling sharply as workers … view |
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Tuesday 28th June 2022 |
Comptoir Group founder calls for chairman and CEO to resign but independent directors claim action is to promote ‘own financial gain’ |
Comptoir Group founder calls for chairman and CEO to resign but independent directors claim action is to promote ‘own financial gain’: The founder of Comptoir Group, Tony Kitous, has called for chairman Richard Kleiner and chief executive … view |
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Tuesday 28th June 2022 |
Propel Tuesday News Briefing |
Only a third of hospitality businesses currently profitable, almost half reducing opening hours: The profitability of hospitality businesses across the UK is plummeting, with only 37% currently turning a profit, according to a new sector … view |
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Tuesday 28th June 2022 |
Only a third of hospitality businesses currently profitable, almost half reducing opening hours |
Only a third of hospitality businesses currently profitable, almost half reducing opening hours: The profitability of hospitality businesses across the UK is plummeting, with only 37% currently turning a profit, according to a new sector surve … view |
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Monday 27th June 2022 |
Propel Monday News Briefing |
Johnson – I suspect the industry is about to enter a period of what might be called ‘creative destruction’: Serial sector investor Luke Johnson has said he suspects the restaurant industry is about to enter a period of what might be … view |
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Friday 24th June 2022 |
Friday Opinion |
Subjects: Casual dining model just not viable at the moment, investing in the pub industry’s future, a new era of climate accountability for the sector Authors: Ann Elliott, Glynn Davis, Dr Laura Kirwan … view |
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Friday 24th June 2022 |
Propel Friday News Briefing |
Cook – industry is resilient and will bounce back as it has before: Hostmore chief executive Robert B Cook believes the industry will bounce back from the current financial crisis in the same way it has before. Having battled through va … view |
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Friday 24th June 2022 |
Former Vue International MD joins Jamie Oliver Group as CEO |
Former Vue International MD joins Jamie Oliver Group as CEO: The Jamie Oliver Group has appointed former Vue International managing director Kevin Styles as its new chief executive, starting in early July. Styles’ other previous roles includ … view |
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Thursday 23rd June 2022 |
Various Eateries currently trading ‘solidly’, ‘remains a wealth of opportunity’ for further expansion |
Various Eateries currently trading ‘solidly’, ‘remains a wealth of opportunity’ for further expansion: Coppa Club operator Various Eateries has reported it is currently trading “solidly” and tracking against market expectation … view |
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Thursday 23rd June 2022 |
Propel Thursday News Briefing |
Fridays to introduce live sport and expand alfresco dining, Fridays and Go ‘ahead of expectations’: Fridays, part of Hostmore, is focusing on al fresco dining in its next roll-out and is also looking to introduce live sports on big sc … view |
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Wednesday 22nd June 2022 |
Harald Samuelsson takes executive director role at Tasty, UK inflation hits 9.1%, Harvester et al |
Harald Samuelsson takes executive director role at Tasty, business back on expansion trail: Wildwood operator Tasty has announced Harald Samuelsson, the former joint managing director of Cote, will become an executive director of the bus … view |
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Wednesday 22nd June 2022 |
Propel Wednesday News Briefing |
HOP appoints Richard Franks as MD, plans 20 new sites in London: London-based Vietnamese street food concept HOP has appointed Richard Franks, formerly of Chilango, as its new managing director to aid plans to open up to 20 new locations … view |
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Tuesday 21st June 2022 |
Propel Tuesday News Briefing |
Timothy Taylor CEO – effects of cost-of-living crisis ‘starting to creep in’, tough year lies ahead for sector: Tim Dewey, chief executive of Keighley brewer and retailer Timothy Taylor, has told Propel the business is on course f … view |
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Monday 20th June 2022 |
Propel Monday News Briefing |
Stonegate plans to extend Peckwater partnership to another 20 sites, encouraged by early signs: Stonegate Group, the UK’s largest pub operator, is to extend its trial with Peckwater Brands, the virtual brand company, to another 20 … view |
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Friday 17th June 2022 |
Megan’s staff to share £5m bonus, Starbucks franchisee eyes 200-strong estate after £10m funding package |
Megan’s staff to share £5m bonus, plans Bristol opening: Megan’s, the fast-growing, cafe and deli concept, has set aside a £5m bonus to be shared between its team. The bonus will be shared between its current and future general mana … view |
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Friday 17th June 2022 |
Friday Opinion |
Subjects: The quick and the dead, abolish the SIA, opportunities still being taken, digital is not going away Authors: David Abramson, Paul Chase, Sarah Travell, Glynn Davis The quick and the dead … view |
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Friday 17th June 2022 |
Punch owner runs rule over Amber Taverns |
Punch owner runs rule over Amber Taverns: The owners of Punch Pubs are exploring a potential takeover of smaller rival Amber Taverns, a deal that would create a leisure group operating from nearly 1,500 sites. Sky News reports Punch Pubs, … view |
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Friday 17th June 2022 |
Propel Friday News Briefing |
Managed groups’ like-for-like sales flat in May as cost crisis deepens, restaurants show modest growth but pubs behind pre-covid levels: Like-for-like sales at Britain’s leading managed restaurant, pub and bar groups in May were just … view |
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Thursday 16th June 2022 |
Itsu signs French franchise agreement, McDonald’s pays $1.3bn to settle French tax dispute |
Itsu signs French franchise agreement, plans 50 sites in next five years: Itsu, the healthy Asian food chain, has signed a franchisee agreement with French restaurant group, Groupe Bertrand. Itsu’s master franchise agreement with Groupe … view |
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Thursday 16th June 2022 |
West End landlords Shaftesbury and Capco agree £3.8bn merger |
West End landlords Shaftesbury and Capco agree £3.8bn merger: West End landlords Shaftesbury and Capital & Counties (Capco) have agreed a £3.8bn merger to bring together some of central London’s best known tourist destinations under the ow … view |
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Thursday 16th June 2022 |
Propel Thursday News Briefing |
Two Magpies looking to raise private investment to fund expansion, plans to triple estate: Suffolk bakery Two Magpies is looking to raise private investment to fund its expansion plans, which includes tripling its seven-strong estate. The … view |
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Wednesday 15th June 2022 |
German Doner Kebab signs partnership with McDonald’s former largest UK franchisee |
German Doner Kebab signs partnership with McDonald’s former largest UK franchisee: German Doner Kebab (GDK), owned by Hero brands, has signed a new development partnership with Atul Pathak, formerly the UK’s largest McDonald’s franc … view |
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Wednesday 15th June 2022 |
Whitbread reports ‘very strong trading ahead of expectations’ with F&B sales approaching pre-covid levels |
Whitbread reports ‘very strong trading ahead of expectations’ with F&B sales approaching pre-covid levels: Whitbread has reported “very strong trading ahead of expectations” in the first quarter of its new financial year. UK food and b … view |
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Wednesday 15th June 2022 |
Propel Wednesday News Briefing |
Inglenook Inns & Taverns acquires nine-strong freehold package, adds more than 40 pubs in a year: North-west based pub operator Inglenook Inns & Taverns has taken its estate past the 50-mark with the acquisition of nine freehold pubs from … view |
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Tuesday 14th June 2022 |
KFC UK & Ireland appoints new general manager |
KFC UK & Ireland appoints new general manager: KFC UK & Ireland has announced Meghan (Meg) Farren will be returning to the business in the role of general manager. Farren left her role of chief marketing officer KFC UK & Ireland in 2021 for As … view |
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Tuesday 14th June 2022 |
Update: Revolution Bars Group, business confidence, Inception Group and UK’s first art’otel |
Revolution Bars Group expects to deliver adjusted Ebitda slightly ahead of top end of market expectations, plans six openings in FY23: Revolution Bars Group, which operates 67 bars trading mainly under the Revolution and Revolución de C … view |
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Tuesday 14th June 2022 |
Propel Tuesday News Briefing |
Stonegate takes minority stake in virtual brand operator Peckwater: Stonegate Group, the UK’s largest pub company, has taken a minority stake in Peckwater Brands as part of a £15m series A seed funding round for the virtual brand opera … view |
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Monday 13th June 2022 |
Update: Household spending warning, UK food review |
New warning from CBI on household spending: British household spending will shrink next year, the CBI has warned, as it called on the government to take measures to stimulate business investment to prevent a wider economic downturn. The … view |
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Monday 13th June 2022 |
Propel Monday News Briefing |
Pitcher – Revolution can run a bigger operation, acquisition very much on our agenda: Rob Pitcher, chief executive of Revolution Bars Group, which operates 67 bars trading mainly under the Revolution and Revolución de Cuba brands, has … view |
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Monday 13th June 2022 |
Bank lending to sector SMEs falls by more than £1.4bn following end of coronavirus loan schemes |
Bank lending to sector SMEs falls by more than £1.4bn following end of coronavirus loan schemes, recovery loans ‘higher risk’ and ‘less generous’: Bank lending to small businesses in the sector has fallen by more than £1.4bn fol … view |
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Friday 10th June 2022 |
Friday Opinion |
Subjects: Justification for MUP has failed, what’s happening in Chicago, pubs with rooms have staying power, hospitality should value creating great memories Authors: Philip Kolvin QC, Paul Charity, G … view |
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Friday 10th June 2022 |
Update: Steak shortages loom, smoking in beer gardens, David Bruce awarded an OBE |
Steak shortages loom as fertiliser prices rocket: Supermarkets and restaurants are threatened with steak shortages as the surging cost of fertiliser and feed forces beef farmers to slaughter animals early. The Telegraph reports meat proc … view |
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Friday 10th June 2022 |
Propel Friday News Briefing |
Popeyes set to announce swathe of new sites, drive-thrus to be key focus: Popeyes Louisiana Kitchen, the US fried chicken quick-service brand, which made its debut in the UK last November, is set to announce a swathe of new sites as its l … view |
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Thursday 9th June 2022 |
Update: Fuller’s returns to profitable growth, current trading year has “started well” |
Fuller’s returns to profitable growth: Fuller’s has said that it returned to profitable growth in the 52 weeks to 26 March 2022, and that its current trading year has “started well”. During the year to 26 March, the company genera … view |
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Thursday 9th June 2022 |
Propel Thursday News Briefing |
Jubilee holidays boost food and drink sales but weekend trading disappoints: Last week’s double bank holiday lifted sales for Britain’s pubs, bars and restaurants, CGA by NielsenIQ’s latest trading data has shown – but street part … view |
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Thursday 9th June 2022 |
Jubilee holidays boost food and drink sales but weekend trading disappoints |
Jubilee holidays boost food and drink sales but weekend trading disappoints: Last week’s double bank holiday lifted sales for Britain’s pubs, bars and restaurants, CGA by NielsenIQ’s latest trading data has shown – but street parties d … view |
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Wednesday 8th June 2022 |
Legal Briefing |
You, me and the Jubilee by Leigh SchelvisSince our last monthly legal briefing, hospitality legislation has continued adapting at a rapid pace, bringing a mixture of support and challenges in the micro and macro economic spheres across … view |
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Wednesday 8th June 2022 |
Update: City Pub Group, Fulham Shore, minimum pricing, working from home |
City Pub Group – like-for-like sales have “continued to strengthen faster than predicted”: City Pub Group, which owns and operates 42 premium pubs across southern England and Wales and a further two development sites, has reported … view |
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Wednesday 8th June 2022 |
Propel Wednesday News Briefing |
Fresho secures £8m funding round to make food supply chains more sustainable: Fresho, a company that aims to make food supply chains more sustainable between restaurants and their suppliers, has raised £8m. Launched in the UK in 2021, t … view |
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Tuesday 7th June 2022 |
NielsenIQ acquires CGA |
NielsenIQ acquires CGA: NielsenIQ, the global information services company, has acquired insights firm CGA. This acquisition builds on NielsenIQ’s 2009 investment in CGA and will “deliver the most innovative and granular alcoholic beverage … view |
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Tuesday 7th June 2022 |
Update: Starbucks CEO, cost-of-living crunch, household savings, Inn Collection opening |
Starbucks’ Schultz to remain interim CEO until March: Starbucks has said that Howard Schultz will remain the coffee chain’s interim chief executive until the end of March, as it looks for a permanent successor. Schultz returned to le … view |
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Tuesday 7th June 2022 |
Propel Tuesday News Briefing |
London mayor to create new £500,000 ‘enterprise zones’ to boost night time economy in the capital: London mayor Sadiq Khan has announced a new £500,000 programme to create Night Time Enterprise Zones to help support the capital … view |
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Tuesday 7th June 2022 |
London mayor to create new £500,000 ‘enterprise zones’ to boost night time economy in the capital |
London mayor to create new £500,000 ‘enterprise zones’ to boost night time economy in the capital: London mayor Sadiq Khan has announced a new £500,000 programme to create Night Time Enterprise Zones to help support the capital’s … view |
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Monday 6th June 2022 |
Update: Low-alcohol and no-alcohol beer sales double, Whitbread pay revolt, rising bankruptcies, Soho House |
UK sales of low-alcohol and no-alcohol beers almost double in five years: UK sales of low-alcohol and no-alcohol beers have almost doubled in five years as weaker versions of global brands such as Heineken and Budweiser helped convert dr … view |
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Monday 6th June 2022 |
Propel Monday News Briefing |
Raw poultry prices climb almost 30% so far this year, beef and turkey up about 20%: Raw poultry prices have climbed 28.2% so far this year while beef is currently up about 20%, analysis by catering butcher Birtwistles has shown. In its la … view |
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Wednesday 1st June 2022 |
Karen Jones made dame in Queen’s Birthday Honours, OBEs for Emma McClarkin and Jill Whittaker |
Karen Jones made dame in Queen’s Birthday Honours, OBEs for Emma McClarkin and Jill Whittaker: Karen Jones, executive chair of Prezzo and chair of Hawksmoor and Mowgli, has been made a dame in the Queen’s Birthday Honours list. Alread … view |
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Wednesday 1st June 2022 |
RedCat buys two more sites for growing Coaching Inn Group estate |
RedCat buys two more sites for growing Coaching Inn Group estate: RedCat Pub Company, the investment vehicle founded and chaired by Rooney Anand to invest in the UK pub sector, has acquired two venues on the highly sought-after North Norfolk C … view |
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Wednesday 1st June 2022 |
Propel Wednesday News Briefing |
Half of UK nightclub businesses ‘barely breaking even’ as inflation continues to climb: Half of UK nightclub businesses are “barely breaking even” as inflation continues to climb, according to new research. The findings by the Nig … view |
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Wednesday 1st June 2022 |
Half of UK nightclub businesses ‘barely breaking even’ as inflation continues to climb |
Half of UK nightclub businesses ‘barely breaking even’ as inflation continues to climb: Half of UK nightclub businesses are “barely breaking even” as inflation continues to climb, according to new research. The findings by the Night Ti … view |
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