Exclusive – Tequila Mockingbird acquires Snug Bars: South London bar operator Tequila Mockingbird has acquired neighbourhood-style bar and kitchen concept Snug Bars for an undisclosed sum, Propel has learned. Tequila Mockingbird operate … view

The image c … view

The UK’s top 25 sector companies for profit growth, featuring in the inaugural Profit Growth Tracker, revealed: The top 25 food and beverage companies in the UK hospitality sector in terms of profit growth in the past three years have b … view

Ping Pong experienced 25% drop in revenues ahead of administration: The four-strong Ping Pong restaurant business, which ceased trading earlier this summer, fell into administration off the back of seeing revenues decline by up to 25%, dr … view

Byron faces further restructure as parent company gears up to appoint administrators: Better burger brand Byron, which at one time grew to an £80m-turnover, 70-strong business, is set for a further restructuring, after its parent company … view

Denny’s eyes UK expansion as master franchise hits market: American diner chain Denny’s is again looking to expand in the UK, with offers being considered for its master franchise for the region. Advisory firm FRP Corporate Finance ha … view

We Do Play secures new investment from the Frasers Group: We Do Play – the multi-concept experiential leisure operator, has secured new investment from Frasers Group plc, formerly Sports Direct International, which is set to fund its n … view

Chick-fil-A to open in Leeds this autumn led by ex-Nando’s employee for England return: US brand Chick-fil-A, which made its debut site in Northern Ireland earlier this year as it begins its return to these shores, has confirmed it will … view

Closures in Britain’s late-night venues reach all-time high, ‘night-time deserts’ being created: Closures in Britain’s late-night venues have reached an all-time high with one in four businesses lost since 2020, according to resea … view

Time Out Group – Markets revenue up, agrees new loan facility: Time Out Group has reported that its Markets FY25 revenues grew to £47m, an increase of 10% versus FY24 (£42m), but said that trading performance in the final quarter of F … view

Loungers launches first loyalty scheme: Café bar operator Loungers, which opened its landmark 300th site earlier this month, has launched its first loyalty scheme across its 261-strong Lounge estate. The company, which also operates Cosy … view

Almost 89,000 jobs lost in hospitality since Budget as another 5,000 go in past month: Almost 89,000 jobs have been lost in hospitality since last October’s Budget, according to new analysis of Office for National Statistics data by UKH … view

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Beam me up Elon by Myles Doran

I was recently passing through Los Angeles on a hospitality research tour of California, which conveniently coincided with the new opening of the firs … view

Tigermilk – we want to open three more London sites over the next 12 months and see long-term potential for meaningful footprint in UK: The team behind French Latin American dining concept Tigermilk has told Propel it wants to open thre … view

London mayor wants alfresco dining to become permanent feature for capital as new analysis shows licensing changes could boost economy by £2bn a year: Mayor of London, Sir Sadiq Khan, has said he wants alfresco dining to become a permane … view

Alistair Macrow to step down as CEO of McDonald’s UK: Alistair Macrow, who has been with McDonald’s for 18 years, will step down as chief executive of its UK and Ireland business next month, after four years in the role. The Times rep … view

Fledgling salad concept Pick.Your.Own secures funding to aid rollout across London, targeting 20 sites by 2030: Pick.Your.Own, the fast-casual concept that launched last December in the City, has secured investment from Frontive Group and … view

F1 Arcade to launch smaller format F1 Box that offers ‘significant global growth potential’: F1 Arcade, the Formula 1-licensed experiential brand, is to launch a smaller format called F1 Box on Friday (22 August), in London. The compa … view

Almost three quarters of hospitality businesses have less than six months of cash reserves as tax rises force workforce cuts: Almost three quarters (73%) of hospitality businesses have less than six months of cash reserves, with one in fi … view

Brakspear CEO – trading so far in 2025 has been strong, secures additional borrowing: Tom Davies, chief executive of pub operator Brakspear, has told Propel that trading for the business in 2025 has been strong, helped by acquisitions … view

Soho House to be taken private in £2bn deal: Members’ club group Soho House is to be taken private in a $2.7bn (£2bn) deal by a group led by New York-based MCR Hotels, the third-largest hotel owner-operator in the US and owner of the … view

Soho House close to $1.8bn take-private deal: Members’ club group Soho House is set to be taken private in a deal led by one of the biggest US hotel owners. The Wall Street Journal reports that a group of investors headed by New York-ba … view

Exclusive – Wahaca swings into profit and looks to expand, ceases trading at DF Tacos sub-brand, receives £3.4m covid insurance payment: Wahaca has reported that the year to 30 June 2024 saw a rise in turnover to £40,480,000 (2023: £ … view

Exclusive – McWin and TriSpan acquire Flat Iron: McWin Capital Partners, the backer of Gail’s, Big Mamma and Sticks’n’ Sushi, and TriSpan, the backer of Pho, Mowgli and Rosa’s Thai, have partnered to make a co-control majority i … view

I was recently pass … view

Gusto made £1.8m loss in year leading up to administration, owed £11.9m before £2.53m sale: Premium Italian restaurant operator Gusto made a £1.8m loss in the year leading up to its administration and owed circa £11.9m before its £2 … view

Funstation – ‘there’s no reason why we can’t grow our new concept just as big’, ‘we’re really leaning into giving guests multiple things to do’: The team behind arcade games and VR experience concept Funstation, which has … view

Mammy Pancakes UK founder – prime time for launching Hong Kong concepts here, planning to expand outside of London: The UK franchisee for Mammy Pancakes has told Propel now is the prime time for launching Hong Kong concepts here, and th … view

The sun is still shining, pints are still pouring, and for many venues, outdoor areas remain the beating heart of summer trading. However, with extra footfall and atmosphe … view

On 11 July, 2025, UKHospitality launched the #TaxedOut campaign, positioning it as an assertive call to government to reverse damaging tax policies introduced in the October 2024 Budget. By … view

Exclusive – Oakman Group posts £18.1m loss ahead of administration process: Oakman Group has reported pre-tax losses increased to £18,133,469 for the year ending 30 June 2024 compared with £6,174,006 the previous year. Ebitda stood a … view

London restaurant group Maginhawa aiming to grow its Mamasons concept up to 15 UK sites, having international conversations and exploring London neighbourhoods for further growth: London restaurant group Maginhawa is aiming to grow its Ma … view

Pizza Pilgrims – we believe Europe holds an exciting opportunity for the brand: Thom Elliot, co-founder of Pizza Pilgrims, has told Propel that incoming investment and expertise from German restaurant group L’Osteria presents “an ex … view

Exclusive – German restaurant group L’Osteria acquires Pizza Pilgrims: L’Osteria, the German pizza and pasta restaurant business, which is backed by McWin, has acquired a majority stake in Pizza Pilgrims, the award-winning Neapolita … view

Tasty African Food plans 100 sites in five years’ time: Tasty African Food, the company that is run by founders Michael Olaleye and his wife Abi, have set a target of 100 sites in five years’ time. The business was founded 25 years ag … view

Exclusive – Tossed to open new concept at London’s BoxHall: Healthy eating brand Tossed is launching a new concept “Wholesome Greens, by Tossed”, Propel has learned. The concept will make its debut at BoxHall in London’s Liverpo … view

Papa John’s CEO – UK outperformed total international business in July, we’re driving strong growth there and will turn on the development engine again in due course: Papa John’s chief executive Todd Penegor has said the UK outper … view

McDonald’s CEO – we’re introducing initiatives to improve UK performance but recognise it will take time: McDonald’s chief executive Chris Kempczinski has said the company is introducing initiatives to improve its UK performance b … view

Tortilla reports UK like-for-like growth of 10% in July, half-year revenue increases to £35.4m: Tortilla, the UK’s largest fast-casual Mexican restaurant brand, has said its strong trading momentum has continued with UK like-for-like g … view

Domino’s CEO – this year we see as being quite flat on pricing, we think we can lift frequency, lunch working well but is a long-term strategy: Domino’s chief executive Andew Rennie has said he sees this year as being “quite flat … view

Butcombe Group reports strong first half trading following investment in elevated food offering, loyalty and data and premium rooms offering: Butcombe Group, formerly Liberation Group, has reported strong first half trading following inve … view

Pizza Hut Restaurants UK owner hires new CEO for Europe: Pizza Hut Restaurants UK owner Directional Pizza has hired Gino Casciani as its new chief executive for its European operations – effective from Tuesday, 9 September. Casciani joi … view

Hospitality lost two sites per day in first half of 2025 as employment cost pressures bite: Additional cost pressures from government policy around national insurance contributions and taxation, combined with tough market conditions, saw … view

Hospitality lost two sites per day in first half of 2025 as employment cost pressures bite: Additional cost pressures from government policy around national insurance contributions and taxation, combined with tough market conditions, saw … view

Exclusive – Sticks‘n’Sushi reports UK performance ‘continually improving’ through 2025 as group posts turnover of £86.8m in first year of McWin ownership: Danish-Japanese premium restaurant group Sticks‘n’Sushi has said its … view

New Park Chinois owner paid £5.8m to acquire company in pre-pack administration, seeking to retain brand name and restructure and reposition business, confident of breaking even in next four to six months: The investment group which is t … view

Exclusive – Papa John’s reports £22.3m loss after closing 74 sites: Papa John’s UK has reported it closed 74 restaurants in 2024 whilst opening seven. The total number of sites in the UK is now 457, down from 524 in 2023. It refran … view

Tasty confirms plans to raise £9.25m, David Page to become chair, plans to undertake four to six acquisitions: Tasty, the listed operator of the Wildwood and Dim T brands, has confirmed the appointments of David Page as chairman, launche … view

Alan Yau working on Azerbaijan-inspired grill house concept, eyeing Marylebone launch: Alan Yau, the founder of Wagamama, Hakkasan, Busaba Eathai and Yauatcha, is working on a new Azerbaijan-inspired grill house concept called Eskibaba, P … view