Oakman Group about to enter a process, five sites in the pipeline: Peter Borg-Neal, founder and chief executive of the Oakman Group, has said the business is about to enter a process that might lead to the refinancing or outright sale of … view

Creams to return to expansion trail with up to a dozen openings over summer months, led by further roll out of Tesco partnership and new venue types: Everett Fieldgate, chief executive of Creams, has told Propel the fast-growing dessert p … view

Exclusive – Flip Out operator We Do Play signs deal to launch Canadian interactive gaming concept in the UK, seeking at least 30 sites for initial roll out: We Do Play, which is behind Flip Out and Putt Putt Social in the UK, has signed … view

Stonegate to begin trialling two new concepts for late-night venues: Stonegate Group, the UK’s largest pub company, is to trial two concepts that will be positioned in some of its late-night venues, Propel has learned. One will be a kar … view

Greene King delivers improved revenue performance but profitability impacted by the cost of doing business: Greene King has said it delivered an improved revenue performance in the year to 31 December 2023 but its profitability was impact … view

Pizza 1889 launches franchise programme, aiming for up to two further sites in 2024 and five a year thereafter: Pizza 1889 – the Italian Street pizza concept taking its name from the year the margherita pizza was invented and which oper … view

Megan’s reports record full-year revenue of £29.9m: Megan’s, the all-day, neighbourhood restaurant concept, has reported revenue increased to a record £29.9m for the year ending 31 March 2024 compared with £26.5m the previous year. … view

M&B CEO – I see Ego and Pesto growing to up to 80 sites over the next few years; Pesto founder – M&B can grow business into ‘national brand it deserves to be’: Phil Urban, chief executive of Mitchells & Butlers (M&B), has told Pro … view

Exclusive – Boparan Restaurant Group to launch Carl’s Jr in the UK: Boparan Restaurant Group (BRG), the owner of the Gourmet Burger Kitchen, Carluccio’s and Fishworks brands and operator of Slim Chickens in the UK, has signed a mast … view

BrewDog Bars CEO – we are working on a global deal with SSP, I’m hopeful history is much kinder to James Watt: James Brown, chief executive of BrewDog Bars, has said the business is working on a global deal with SSP to open in more tr … view

Nory raises $16m in Series A funding to roll out AI across the hospitality industry following 400% revenue growth: Nory, the artificial intelligence (AI) powered operating system for hospitality businesses, has secured $16m in a Series A … view

SSP reports UK revenue up 19.6% in first half as trading momentum continues: SSP Group, the operator of food and beverage outlets in travel locations worldwide, has reported UK revenue increased 19.6% to £392.1m for the six months to 31 … view

Itsu – seeing great lfl sales growth, gearing up to open Paris flagship, set to launch in Holland: Julian Metcalfe, founder of Itsu, the healthy Asian food brand, has told Propel that the business is seeing “really great like-for-like … view

Whitbread sold interest in Pure holding company for £1: Whitbread, the Premier Inn owner, sold its interest in Healthy Retail, a joint venture that operated Pure, the healthy food-to-go concept, for £1, Propel has learned. The Brewers F … view

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Joe & The Juice back on track for profitable growth: Joe & The Juice, the juice and cafe bar brand, is forecasting significant growth across all its markets after posting an operating profit last year and achieving record 2023 revenues. T … view

Exclusive – Hub Box appoints advisors to explore funding options: Hub Box, the south west-based burger brand, has appointed advisors as it looks to explore its funding options going forward, which could involve the ten-strong business t … view

Manchester operators set to take secret bar concept international through franchising, interest from across Europe: Manchester operators Patrick Hall and Jon Charles are set to their take launderette-themed secret bar concept internationa … view

Sport, whether broadcast or as activities integrated into night-time experience, has always gone hand in hand with the hospitality industry. Whether patrons are engaging in friendly … view

Creams co-founder – new seafood concept could be even bigger, targets 50-70 stores in five years with second site to open this summer: Creams co-founder Balal Aqil has told Propel his new seafood concept could be even bigger than the ci … view

Market Halls appoints advisors to aid fundraise, secures Paddington Square site: Market Halls, the London food market hall operator, has appointed advisors to help it secure new funding as it looks to aid its expansion plans, Propel has l … view

Pizza Pilgrims reports record results: Pizza Pilgrims, the pizzeria brand, has reported record results and laid out plans to expand into Scotland and Wales. In the year to 25 June 2023, revenue at Pizza Pilgrims increased by 37% to £28. … view

Imbiba closes £90m funding round, invests in gym brand 1Rebel: Sector investor Imbiba, which backs the likes of Farmer J, Pizza Pilgrims, Clays and F1 Arcade, has announced the final close of its oversubscribed £90m second fund. At the … view

Gordon Ramsay Restaurants sees 12 months of positive like-for-like sales, secures new bank facility: Gordon Ramsay Restaurants has reported twelve months of positive like-for-like sales for the period to 27 August 2023, during which its s … view

Soho House reports losses rise to $46m in first quarter, UK membership numbers up 48% in two years, overall waitlist exceeds 100,000 for first time: Members’ club group Soho House has reported its net loss in the 13 weeks to 31 March 20 … view

Soho House reports losses rise to $46m in first quarter as UK membership numbers pass 70,000, overall waitlist exceeds 100,000 for first time: Members’ club group Soho House has reported its net loss in the 13 weeks to 31 March 2024 increased … view

Exclusive – Gusto Italian appoints advisors to explore strategic options: Gusto Italian, the Palatine and Beechbrook-backed, premium Italian restaurant and bar group, has appointed advisors to explore its strategic options, Propel has l … view

Boparan Restaurant Group plans to triple Giraffe estate with global airports focus: Boparan Restaurant Group (BRG), the owner of the Gourmet Burger Kitchen, Carluccio’s and Fishworks brands, is planning to more than triple its 15-strong … view

WatchHouse closes funding round after raising ‘record’ amount of more than £7.2m: Specialty coffee concept WatchHouse has closed its final crowdfunding campaign early after raising more than £7.2m, in what is thought to be a record … view

Rate of hospitality closures slows as managed groups see resilient start to 2024: Closures in Britain’s hospitality sector slowed from eight sites a day in 2023 to four a day in the first quarter of 2024, the latest Hospitality Market M … view

Bistrot Pierre reports record trading days, more personalised loyalty scheme ‘doing well’: Bistrot Pierre has reported record trading days at the end of last year and start of this one. On Thursday (2 May), the business launched its n … view

Heineken UK to invest £39m upgrading and reopening pubs as it aims to attract broader customer range: Heineken UK is investing £39m in upgrading and reopening pubs in its Star Pubs’ estate in 2024 as it aims to attract a broader custo … view

TGI Fridays operator substantially narrows losses in transitional year: Hostmore, the parent company of TGI Fridays, has reported revenue fell to £190.7m for the year ending 31 December 2023 compared with £195.7m the previous year. Grou … view

Wingstop CEO – UK average unit volumes now exceeding $2.5m: Michael Skipworth, president and chief executive of Wingstop, has said that average unit volumes (AUV) for its business in the UK are now exceeding $2.5m (£2m). Skipworth was … view

Nightcap explores deal for Revolution Bars Group but hasn’t yet made an offer: Revolution Bars Group – the operator of the Revolution, Revolución de Cuba and Peach Pubs brands – has revealed that Nightcap ­– owner of the Cocktai … view

WatchHouse raises more than £6.1m in record time, plans international franchise programme: Specialty coffee concept WatchHouse has raised more than £6.1m in one day from its latest crowdfunding campaign, in what is thought to be the fas … view

Domino’s reports slow start to second quarter after orders fall in first three months, at advanced stage to sell London corporate estate to franchisees: Domino’s Pizza Group has reported a slow start to its second quarter “against t … view

Chicken Shop CEO – we’re aiming for 70 UK sites and thinking about Europe: Chicken Shop chief executive John Nelson has said the business is aiming for 70 UK sites long-term and thinking about European expansion. The Sir Charles Dunst … view