Story of the Day:
Celebrations and early Easter holiday lift hospitality groups to 5.2% growth in March
18 April 2024
Britain’s top hospitality groups achieved above-inflation like-for-like sales growth of 5.2% in March, the latest CGA RSM Hospitality Business Tracker reveals.
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Other News:
18 April 2024
Specialty coffee concept WatchHouse is to launch its final crowdfunding campaign as it looks to open further sites in New York and a roastery in Brooklyn.
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18 April 2024
Incipio Group – operator of venues including Pergola on the Wharf, The Libertine and The Prince – is to bring an “elevated food and beverage offer” to the new Olympia development in west London, opening several concepts of “premium dining and drinking experiences”.
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18 April 2024
South London smash burger brand Smacks Hamburgers has revealed a 21-store pipeline, including an overseas debut, as it grows towards a 100-store target.
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18 April 2024
The privately owned and operated Marylebone Leisure Group is expanding with the opening of its 11th site, in London’s Camden.
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18 April 2024
Sourdough South, operator of the Three Joes and The Stable pizza brands, has closed half of its Three Joes estate.
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18 April 2024
Catering company The Genuine Dining Co, which is backed by serial sector investor Luke Johnson (pictured), returned to profit in the year to 28 September 2023 as its turnover grew by more than a third.
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18 April 2024
German pizza and pasta chain L’Osteria, in which investment firm McWin became a majority shareholder last year, has closed one of its two UK sites.
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18 April 2024
Natural fast food brand Leon has partnered with motorway services company Roadchef for its most westerly location and second in Somerset.
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17 April 2024
Time Out Group has entered into a management agreement with Corvin Food Market Kft to open a new Time Out Market in Budapest, Hungary, with an expected opening date in 2025.
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17 April 2024
US fast-casual seafood brand Captain D’s is eyeing a UK launch as part of its global expansion plans. Captain D’s was founded as Mr D’s Seafood and Hamburgers by Raymond L Danner Sr in Donelson, Tennessee, in 1969.
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17 April 2024
Danni Hewson, head of financial analysis at AJ Bell, has said that Hostmore’s proposed £177m deal for TGI Friday’s US business is “perhaps the last roll of the dice in terms of making the group a success”.
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17 April 2024
Leicestershire brewer and retailer Everards has reported an 11% increase in turnover for the year to the end of September 2023 to £34.7m and told Propel that it was “trading well” in its current financial year.
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17 April 2024
East Anglian pub company Chestnut has acquired The Lifeboat Inn and The Chequers Inn in the north Norfolk coastal village of Thornham from Agellus Hotels.
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17 April 2024
Giggling Squid, the Thai restaurant brand backed by the Business Growth Fund, is to add a site in Cobham, Surrey, to its openings pipeline.
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17 April 2024
Gordon Ramsay is in talks to acquire the former Haugen site in London’s Stratford.
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17 April 2024
US better burger brand Shake Shack is to further strengthen its footprint in London with an opening in Notting Hill Gate.
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17 April 2024
Midlands smashed burger franchise Burger Boi has told Propel it is on course for 25 sites by the end of 2024 after hiring former Hero Brands development director, Chris Palmer.
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16 April 2024
Bistrot Pierre, the Nick White-led business, is set to launch a new all-day dining concept, Pierre’s.
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16 April 2024
Steve Magnall, owner and chief executive of Suffolk bakery Two Magpies, has told Propel that like-for-like sales are up 16% in the first ten weeks of its new financial year while the business will now consolidate its position through the summer and then look at future sites for the autumn.
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16 April 2024
Hala Group, one of the UK’s largest Domino’s franchisees, has launched a new subsidiary to operate Pret A Manger franchises, and now operates four stores.
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16 April 2024
Giggling Squid, the Thai restaurant brand backed by the Business Growth Fund, has added three new sites to its opening pipeline – in Liverpool, Portsmouth and York.
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16 April 2024
London chicken sandwich concept Butchies, founded and led by Garrett FitzGerald, is to return to the expansion trail with an opening near London Bridge.
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Propel Multi Club organises four all-day conferences each year. Operators attend for free thanks to our wonderful sponsors. The flagship event is the Summer Conference and Party held in September (see the video above), attracting 400 attendees. If you would like to get involved as a sponsor email jo.charity@propelinfo.com or jill.harrington@propelinfo.com
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