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Story of the Day - 24 February 2026

Admiral Taverns – ‘we remain acquisitive’, invests circa £39m on acquisitions

Admiral Taverns, which runs 1,350 community pubs across the UK, has said it remains acquisitive and believes there will be further opportunities to grow in its current financial year. It comes after the Chris Jowsey-led business reported revenue increased to a record £210.4m for the year ending 1 June 2025 compared with £194.5m the previous year.

Operators of multi-site hospitality companies can book up to three free places, or operators who are Premium subscribers can claim up to four free places by emailing: kai.kirkman@propelinfo.com

Propel Exclusive Report

Propel's Experiential Leisure Report is available now

500 Report +

Propel 500 is back for the second year. It brings together the top 500 players shaping the industry, offering not only comprehensive listings but also deep insights into the forces driving growth, innovation, and transformation across the sector.

Propel 500 provides critical insights into the companies leading the charge in hospitality, including turnover, number of sites, key staff, and more.

The 45,000-word report also includes exclusive analysis providing a full understanding of the market’s dynamics, as the top companies in the sector shift position after a challenging year. Mark Wingett reviews the mergers and acquisitions changing the shape of the Top 500 as size increasingly matters. Katherine Doggrell examines the key developments in UK hotels and looks into one of the sector’s brightest lights; experiential leisure. Tim Street dissects the UK’s rapidly developing franchise market. Data expert Mark Bentley, business development director at HDI, looks at emerging growth sectors, and Meaningful Vision founder Maria Vanifatova analyses the latest trends in the quick service restaurant market.

Get the report

Propel’s 500 Report is available to Premium Club members for free.

To sign up to Premium Club email: kai.kirkman@propelinfo.com

In-depth insight into the UK hospitality market: two essential reports from Propel
Further reports available from Propel include: The International Brands report, featuring the 100 leading international brands in UK hospitality by site number, is available to order now. This comprehensive 30,000-word report covers company histories, leadership structures, site numbers and turnover figures – an essential resource for industry professionals. The top 100 features fast-growing brands from major international markets, including the US, Canada, Europe, Australia and Asia.
 
The Experiential Leisure Report is exhaustive a report on the fast-growing experiential leisure market. The report profiles the current shape of the experiential leisure market – including brands, estate size, trading type and geographical location and future trends.

24 February 2026

Brava Hospitality Group - Jamie's Italian is set to ‘reimagine the high street through its exceptional, modern and generous hospitality’

James Brown, chief executive of Brava Hospitality Group, the Prezzo Italian operator, has said that Jamie’s Italian is “now set to reimagine the high street through its exceptional, modern and generous hospitality”, as the brand gears up to make its return to the UK. Last year, Brava signed a partnership agreement to bring Jamie’s Italian back to the UK high street, with the first new Jamie’s Italian under the partnership opening in Irving Street, near London’s Leicester Square next month (11 March).

24 February 2026

The Breakfast Group

Exclusive – The Breakfast Group acquires Laki Kane

The Breakfast Group, the Eric Yu-founded restaurant bar group, has acquired Laki Kane, the immersive tropical cocktail and rum experience currently based in London’s Covent Garden. The Breakfast Group, founded in 1991 by Yu and Connie O’Donovan, said the acquisition marks “a strategic expansion for the group as it continues to invest in distinctive, experience-led concepts in central London”.

24 February 2026

Iro Sushi

Iro Sushi launches joint venture franchise opportunity as it looks to ramp up expansion

Sushi brand Iro Sushi has partnered with a high street bank to launch a joint venture franchise opportunity as it looks to ramp up its expansion. Through the partnership, aimed at attracting first time franchisees, Iro Sushi said potential partners will be able to access the capital required to open an Iro Sushi store at highly favourable rates.

24 February 2026

Insomnia Cookies

Insomnia Cookies UK hires Andrew Phillips as head of operations, head of property steps down

Insomnia Cookies UK, the late-night bakery business, has hired Andrew Phillips, formerly of Five Guys and Krispy Kreme, as its new head of operations. Phillips joins the brand, which currently operates nine sites in the UK, after nine and a half years at Five Guys, including two and a half years as head of operations in Germany.

24 February 2026

Harry Ramsden’s hires new head of brand and marketing

Harry Ramsden’s has hired former Burger King UK senior marketing manager Luana Hermann as its new head of brand and marketing. Hermann spent almost three years with Burger King, between 2013 and 2016, before six and a half years at The Restaurant Group in several roles, including director of brand and strategy.

24 February 2026

Cosmo Restaurant Group

Cosmo Group secures two more sites for Umami concept

Cosmo Group has secured two more sites for Umami, its modern pan-Asian restaurant concept, in Peterborough and Middlesbrough. The business has signed for a 7,064 square-foot unit at Queensgate Centre in Peterborough, on the first floor of the destination’s leisure extension.

24 February 2026

Good Times Pubs & Bars

Good Times Pubs & Bars secures two more sites

Good Times Pubs & Bars, the Sussex independent pub operator, has taken on two more sites with Harvey’s Brewery. Good Times Pubs & Bars, which is led by Zoe Rodgers and Stephen McEwan, has secured The Mitre Tavern and The Constant Service in Brighton.

24 February 2026

Cow & Sow

Entrepreneur Mark Warburton stepping up search for fourth Cow & Sow site amid double-digit growth

Entrepreneur Mark Warburton has told Propel he is stepping up his search for a fourth site for his steak concept Cow & Sow, with the business enjoying a “very good” start to 2026. Warburton said the group, which has two sites in Bristol and one in Birmingham, has seen run rate like-for-like sales in February up 13%.

24 February 2026

Hotel group Distinct

Hotel group Distinct reports record turnover of £10.6m

Hotel group Distinct Group has reported turnover grew to a record £10,576,586 for the year ending 31 May 2025 compared with £9,969,409 the previous year. The company, which operated two sites in Hertfordshire during the period – The Swan in Bedford and Hotel Cromwell in Stevenage – saw pre-tax losses increase to £1,809,615 from £535,475 the year before.

24 February 2026

Uber Eats reveals its ‘dishes set to define 2026’

Uber Eats has revealed its ‘dishes set to define 2026’ – compiled from new data on trending dishes and search behaviour. Its ‘Hottest Bites’ spans more than 25 cuisine types, with these global influences reflected in Uber Eats order data, showing demand for Greek food grew 26% last year, Lebanese food by 50% and Pakistani food by 47%.

23 February 2026

James Watt to invest £10m into rescue bid for BrewDog

James Watt, the co-founder and former chief executive of Scottish brewer and retailer BrewDog, is to plough £10m of his own money into a rescue bid for the struggling craft brewer and retailer. Sky News reports that Watt, who stepped down as BrewDog’s chief executive in 2024, is assembling financial backing from external investors for the group.

23 February 2026

Franco Manca

Exclusive – Franco Manca owner brings in advisors to review options

Fulham Shore, which operates the Franco Manca and The Real Greek restaurant brands, has appointed advisors to review its strategic options to ensure both brands are “on the strongest possible footing to realise their long-term potential”. The company, which is backed by the Tokyo-listed Toridoll and Capdesia, is understood to be working with Alvarez & Marsal on the process that is thought to have commenced this week, and could include a sale of all or parts of the company, or a restructure of the business.

February 2026 ~ Premium Club

Premium Club readers to receive all the videos from Restaurant Marketer and Innovator. Propel Premium Club members are to be given access to the entire recording of the 2026 Restaurant Marketer & Innovator Conference. Members are now able to access all the videos of the event.
James Hacon, managing partner at Think Hospitality.
Maria Vanifatova, chief executive and founder of Meaningful Vision.
Mark Bentley, business development director at HDI
Sara McKennedy, managing director at Coco di Mama, Éadaoin McDonagh, chief operating officer at White Rabbit Projects, Laura Irving, managing director at JKS Restaurants, and Marcel Khan, chief executive at Fulham ShoreRomy Miller, chief marketing officer at Knoops.
Pho: Libby Andrews, marketing director at Pho, talks to Charlotte Mair, founder and managing director at The Fitting RoomDishoom: In conversation with Fleet Street Communications chief executive Mark Stretton, co-founder Kavi Thakrar.
Alexis Melikov, chief executive of TigermilkJordan Graham, founder of Sugar Snap, in conversation with Paul Catterson, director at Orto Pizza, Sam Shephard, founder at Juice Jar, andPeter Coleman, co-founder of Seed
Aqua at 25: stories beyond the view: Marie Guenot, marketing director at Aqua Restaurant Group. Michael Radley, co-founder at Joli, is joined by Hilary Ansell, marketing consultant and interim marketing director at WasabiHester Mitchell, digital marketing manager at Bleecker Burger, and Tom Patrick, marketing director for Banana Tree and Las Iguanas at Big Table Group. 
Evie Horsell, head of communications UK & Ireland at Big Mamma Group
Russell Danks, managing director at Laine Pub Co
Kiran Quinn, group marketing director at RedCat Hospitality
Laura Lewis, marketing director at Arc Inspirations.
David Tester, head of marketing at Franco Manca, is joined by George Lamb, co-founder of Wildfarmed
Five concepts, one vision — Incipio at Olympia: Rory Graham, marketing and brand director at Incipio Group.
Jayson Perfect, chief operating officer at Butcombe.
What’s Next in Hospitality? The 2026 Playbook: James Hacon, Managing Partner at Think HospitalityKaty Moses, managing director at KAMHeleri Rande, partner at Think Hospitality, in conversation with Chris Miller, founder at White Rabbit Projects, Loui Blake, co-founder at Long Lane, and Nicci Clarke, marketing and culinary director UK at Sodexo Live! Anthony Knight speaks to Tom Kidd, founder of SetList.
When hospitality meets entertainment. Thinking out of the box: Michelle Farrell, chief growth officer at Boxpark.
The neighbourhood effect: Marshall Dallas, Partner at Think Hospitality, speaks with Ankur Wishart, co-founder at Boxcar, and India Filippidis, head of marketing at Boxcar & The Italian Greyhound.  Madeleine Phillips, marketing director at Various Eateries.
Deborah Jones, senior client success manager at Proinsight, speaks to Michael Farquhar, chief operating officer at ETM Group.
Krishnan Doyle, founder at COREcruitment. 
The multi-concept challenge: Markus Thesleff, founder of Thesleff Group.
Dave’s Hot Chicken’s digital activation: Peter Critchley, UK chief executive at Trison, is joined by Keyana Mohammadi, head of marketing at Dave’s Hot Chicken. Tessa Graham, group brand director at Tashas GroupOlivia Fitzgerald, managing director at 125 Data & Insights, speaks with Tom James, managing director at Bill’s. Dan Brookman, chief executive and co-founder of Airship & Toggle. Daniel Bennett, global head of behavioural science at Ogilvy Consulting: Originality in the age of AI. Heleri Rande, partner at Think Hospitality, in conversation with Afroditi Krassa, founding director of Afroditi, and Bob Conwell, managing director at Mr Lyan Studio. Digital marketing for growth. Carey Benn, chief executive at Guestwise, in conversation with Naddy Onions, marketing director at Prezzo ItalianJames Metcalfe, sales and marketing director at Urban Pubs & Bars, and Ewa Turney, senior product lead at Mitchells & ButlersAaron Morgan, head of marketing and Paul Jones, head of IT at The Alchemist. Dojo: Jon Knott, head of data projects at Dojo. Laura Vana, associate partner at Think Hospitality, in conversation with Kat Schofield, sales and marketing director at Permanently Unique Group, Holly Hilton, marketing director at Market Place Food Halls, and Ria Pattni, director of marketing at JKS Restaurants. Laura Vana, associate partner at Think Hospitality, in conversation with Tasos Gaitanos, co-founder at Brother Marcus, Alex Large, co-founder at Brother Marcus, Tommy Giraux, head of restaurant systems at Honest Burgers. Joe Comiskey, digital director at Stonegate GroupJoel Robinson, chief executive at Openr, in conversation with Toby Herbert, head of IT at Hall & Woodhouse, Sara McKennedy, managing director at Coco di Mama, and Mark Bentley, business development director at HDI. Sophie Clarke, UK team lead at Popmenu, in conversation with Charlie Wood-Jones, Co-founder at CawsburgerDan Brookman, chief executive at Airship and ToggleMark Warburton, founder of Cow & Sow and Alan Armstrong, fractional marketing director.

By joining Propel Premium Club members get access to essential insight through Propel Opinion pieces from leading industry commentators, plus our industry-leading databases, receive hospitality’s foremost newsletter first, watch vital video content and get event discounts.

February 2026 ~ Premium Club

Propel 500 is back for the second year. It will bring together the top 500 players shaping the industry, offering not only comprehensive listings but also deep insights into the forces driving growth, innovation, and transformation across the sector. Propel 500 will provide critical insights into the companies leading the charge in hospitality, including turnover, number of sites, key staff, and more. The 45,000-word report will also include exclusive analysis to provide a full understanding of the market’s dynamics, as the top companies in the sector shift position after a challenging year. Mark Wingett will review the mergers and acquisitions changing the shape of the Top 500 as size increasingly matters. Katherine Doggrell will examine the key developments in UK hotels and look into one of the sector’s brightest lights; experiential leisure. Tim Street dissects the UK’s rapidly developing franchise market. Data expert Mark Bentley, business development director at HDI, will look at emerging growth sectors, and Meaningful Vision founder Maria Vantifatova will analyse the latest trends in the quick service restaurant market.

Propel 500 will be released on Friday, 9 January at 9am and is
£595 plus vat.

Existing Premium Club Members can receive it on Friday, 9 January at 9am for
£395 plus vat.

Premium Club members will receive the report for free on Friday, 27 February at 9am.

Pre-order Propel 500 today by emailing: kai.kirkman@propelinfo.com

 

By joining Propel Premium Club members get access to essential insight through Propel Opinion pieces from leading industry commentators, plus our industry-leading databases, receive hospitality’s foremost newsletter first, watch vital video content and get event discounts.

February 2026 ~ Premium Club

Premium Club Opinion provides weekly insights from industry leaders. In this current edition, Propel chief operating officer – editorial, Mark Wingett, looks at the decision by Franco Manca’s owner to bring in advisors. David Page’s 2023 £93.4m sale of Fulham Shore, owner of Franco Manca and The Real Greek, to Toridoll and Capdesia appears well timed as the business now reviews strategic options amid tough trading. Page built Franco Manca into a 70-site national brand, but soaring food, labour and energy costs have squeezed its low-margin model. Despite marketing successes and steady revenues around £100m, profitability has faltered, estate consolidation is under way and restructuring looks likely as owners weigh their next move. Mark Wingett also discusses The Restaurant Group exploring the sale of its concessions business. The Restaurant Group is exploring a sale of its airport concessions arm as part of Apollo-backed restructuring under Andy Hornby. Though profitable and growing, the division is non-core and could help reduce debt while sharpening focus on growth brands like Wagamama and Brunning & Price. TRG is working with Lazard to gauge buyer interest. A sale would simplify the portfolio, generate cash for expansion and strengthen the balance sheet, positioning TRG as a more focused, scalable hospitality platform.

By joining Propel Premium Club members get access to essential insight through Propel Opinion pieces from leading industry commentators, plus our industry-leading databases, receive hospitality’s foremost newsletter first, watch vital video content and get event discounts.

February 2026 ~ Premium Club

READ PREMIUM CLUB'S DIARY FOR INSIDER SECTOR GOSSIP

Mark Wingett’s Premium Club Diary delivers insider sector gossip every week to Premium Club members. In this week’s edition, first-round bids have been lodged for BrewDog, which has hired AlixPartners to oversee a potential break-up as lender HSBC seeks to recover debts reportedly nearing £80m. Any deal is likely via restructuring, with more interest in brewing than its 70-bar estate, fewer than half of which are trading well. Potential suitors for select sites include Urban Pubs & Bars and Brava Hospitality Group. Meanwhile, Costa Coffee is targeting younger consumers with a nationwide matcha rollout after losing ground to trend-led rivals. The chain says it is selling one matcha every four seconds and plans further launches and experiential marketing. Also, growth brand Six By Nico has raised £2.5m via crowdfunding and expanded to 17 sites but appears to be rethinking a flagship Covent Garden opening, while exploring a new concept. Lastly, US import Dave’s Hot Chicken continues rapid UK expansion, as investor Bill Phelps backs emerging taco concept Mike’s Red Tacos for nationwide franchising.

By joining Propel Premium Club members get access to essential insight through Propel Opinion pieces from leading industry commentators, plus our industry-leading databases, receive hospitality’s foremost newsletter first, watch vital video content and get event discounts.

23 February 2026

Admiral Taverns

Admiral Taverns reports record turnover of £210.4m as profits rise

Admiral Taverns, which runs 1,350 community pubs across the UK, has reported revenue increased to a record £210.4m for the year ending 1 June 2025 compared with £194.5m the previous year. Underlying adjusted profit was up to £68.9m from £60.8m the year before.

23 February 2026

Marco Pierre-White-backed dynamic pricing dining app secures new funding to support UK expansion

EatClub, the Marco Pierre-White-backed dynamic pricing dining app, has raised AUS$27m (£14.1m) in new funding to support its expansion in the UK. The Australian business launched in London last year. 

23 February 2026

Private members games club concept preparing for international debut as it seeks franchisees to expand in the UK

Private members games club concept Executive Lounge is preparing for its international debut – in Islamabad, Pakistan – as it seeks franchisees with which to expand in the UK. Describing itself as a “private members recreation complex”, Executive Lounge offers games rooms for snooker, pool, bowling and ping pong, alongside Ps5 gaming, cinema viewing spaces and racing simulators. 

23 February 2026

German Doner Kebab (GDK)

German Doner Kebab aims to open at 25 new sites this year with self-service screens and healthy options aimed at Generation Z

German Doner Kebab (GDK), which is backed by private equity group True, expects to open 25 new sites in the UK this year, with longer-terms plans for 900 outlets worldwide, as chief executive Simon Wallis said his tweaks to operations have “given partners confidence to invest” despite pressure on hospitality businesses. He told The Guardian: “My number one priority is to make the franchisees profitable. Labour has had the biggest impact on costs, and we have really leaned in to improve productivity.”

23 February 2026

New CEO plans executive overhaul at ‘fat and happy’ Diageo

Diageo chief executive Sir Dave Lewis is planning a major shake-up of his executive team, as the former Tesco boss moves to stamp out the ailing drinks giant’s “fat and happy” culture. The FT reported that Sir Dave is planning to replace several members of the company’s 14-person executive committee at the maker of Johnnie Walker and Captain Morgan.

23 February 2026

Firm investing £1bn in hotels in London's Mayfair names former chancellor as director

A new Middle Eastern fund that plans to invest more than £1bn in two luxury hotels in London’s Mayfair has appointed former chancellor Nadhim Zahawi as a director. Evolution Investment Fund has acquired a leasehold interest in both London Marriott Hotel Grosvenor Square and a development site with full consent near New Bond Street.

20 February 2026

Costa Coffee

Costa Coffee to increase barista pay by 4.1%, to invest £1.5m on new openings in Wales

Costa Coffee is increasing pay for more than 16,000 team members across its circa 1,500 UK company-owned stores by 4.1% from 1 April. The business said it will be the seventh pay increase for store team members since 2021.

20 February 2026

Cut & Craft owners focused on measured growth in major regional cities, invests £1.2m in expanding Leeds site

The team behind the Cut & Craft steakhouse concept has told Propel it is focused on measured growth in major regional cities, after investing £1.2m to expand its existing site in Leeds. The business, which currently operates sites in York, Leeds and Manchester, is expanding its site in Leeds’ Victoria Quarter scheme to create an adjoining cocktail bar and lounge area, following its continued “stellar performance and growing demand”. 

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