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Story of the Day:

Ocean BasketOcean Basket ready to franchise in the UK after refining model, 50 sites here a ‘very conservative’ estimate

12 July 2024

Ocean Basket, the South African seafood-focused casual dining brand, has told Propel it is ready to franchise in the UK after “learning from our mistakes, and immersing ourselves in all aspects of the UK restaurant environment” – and that 50 sites here is a “very conservative” estimate.

 

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Other News:

The Coconut Tree12 July 2024

Sri Lankan street food operator The Coconut Tree has entered into a company voluntary arrangement (CVA) as part of a restructuring of the company, Propel has learned.


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Five Guys12 July 2024

Better burger brand Five Guys is set to ramp up its drive-thru estate in the UK, with a target of opening up to ten sites under the format by the end of 2026, Propel has learned.


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Buzz Bingo12 July 2024

Buzz Bingo, the largest retail bingo operator in the UK, has agreed a new £12m funding package and extended £22m in banking facilities.


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Costa Coffee12 July 2024

Costa Coffee, the Coca-Cola Company-owned brand, has hired Rhys Iley, formerly of Starbucks and Patisserie Valerie, as its new retail and operations director for the UK and Ireland.


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Adventure Leisure Mulligans12 July 2024

Adventure Leisure, the experiential leisure division of Burhill Group, has reported sales growth of more than 16% in the first six months of 2024.


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Barbary12 July 2024

Brother and sister duo Layo and Zoe Paskin, who are behind the likes of London venues The Palomar in Soho and Evelyn’s Table in Chinatown, have confirmed they will open a new flagship site for their The Barbary restaurant concept in Notting Hill.


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Market Town Taverns has reopened Veritas in Leeds following a major refurbishment12 July 2024

Market Taverns, the privately owned pub company operating sites across London, has told Propel it is now seeing its businesses “steadily recover” from a “historic period of challenges” with current sales performance “in line with projections”.


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Richard Caring12 July 2024

Richard Caring (pictured) is closing the majority of his The Ivy Collection sites and all the Bill’s restaurants around the country on Sunday at 7pm so staff – more than 5,000 – can go and watch the European Championship final between England and Spain.


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Burger Drop12 July 2024

Newcastle craft burger concept Burger Drop, which is looking to expand across the UK through franchising, will open in Edinburgh for its first site outside of the north east.


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Sandwich Sandwich11 July 2024

Bristol operator Sandwich Sandwich, which last October won the £100,000 top prize in the 2023 Uber Eats restaurant of the year awards, will launch a second London location this year and confirmed its debut site in the capital will open next week.


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Tim Martin11 July 2024

JD Wetherspoon chair Sir Tim Martin (pictured) has told Propel the company has “many potentially excellent sites in the pipeline”.


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Greene King11 July 2024

Greene King, the Nick Mackenzie-led business, has launched the trial of an evolution of its Farmhouse Inns brand, Propel has learned.


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Loungers11 July 2024

Café bar operator Loungers has said that its last financial year was, to some extent, a year of transition from a people point of view, and that it took “significant steps to create the team and platform necessary for the next phase of our growth”.


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Temper BBQ11 July 2024

Temper, the Imbiba-backed, Sam Lee de Lagonell-led modern barbecue brand, has hired Julie Centracchio, previously of JD Wetherspoon, Peach Pub Company, WatchHouse and Boston Tea Party, as its new finance director, Propel has learned.


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Roti King11 July 2024

Malaysian restaurant business Roti King has secured a stand-alone site for its Gopal’s Corner concept.


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Moto Logo11 July 2024

Moto, the motorway services operator, is set to develop two new sites and 33 trading units, as it reported a rise in turnover.


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Anna Barnfather, Liberum11 July 2024

Sector analyst Anna Barnfather (pictured) at Liberum has said that Marston’s £206m cash disposal of its remaining 40% stake in Carlsberg Marston’s Brewing Company (CMBC) is a positive strategic move for multiple reasons and should support further momentum in the business.


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Wetherspoons10 July 2024

JD Wetherspoon has said its like-for-like sales have increased by 5.8% in the ten weeks to 7 July 2024, compared to the same period last year, while year-to-date like-for-like sales have increased by 7.7%.


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Krispy Kreme10 July 2024

Krispy Kreme has said it is planning to open more UK stores and expand its delivery offering as it reported record turnover.


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Sticks‘n’Sushi10 July 2024

Japanese premium restaurant group Sticks‘n’Sushi, in which McWin, the backer of Gail’s and Big Mamma Group, acquired a majority stake earlier this year, is to further add to its presence in London with an opening in Islington, Propel has learned.


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HBR10 July 2024

Kuwaiti burger brand HBR, which is owned by the Al Thiqa Food Group Company (TFGC), is planning to make its debut in the UK, in London, this September, Propel has learned.


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Sunset Hospitality Group Logo10 July 2024

Sunset Hospitality Group (SHG), the UAE-based hospitality group, is planning a triple opening in London later this year.


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10 July 2024

Roux Waterside Inn, the three Michelin-starred restaurant in Bray, Berkshire, founded by the late Michel Roux (pictured) in 1972, has reported turnover increased slightly to £9,063,983 for the year ending 31 December 2023 compared with £9,016,417 the previous year. 


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Wendys10 July 2024

Wendy’s has signed two new development agreements with franchisees in the Republic of Ireland and Romania.


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Paul Le Cafe10 July 2024

French artisan bakery and patisserie brand Paul has launched its second Le Cafe rebrand, in London’s St Pancras, with more to follow in 2024.


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9 July 2024

Heartstone Inns, the eight-strong, managed pub operator, has told Propel that like-for-like sales are up 3.8% in first six months of 2024, following its highest ever full-year average pub revenue.


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Loungers – Muro Lounge Bar Pic9 July 2024

Café bar operator Loungers has reported like-for-like sales are up 5% over past 11 weeks, driven by the performance of new openings, following record revenue, profits and site opening levels in the 53 weeks to 21 April 2024.


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BVC Group9 July 2024

The BVC Group, the company behind London’s Mayfair restaurant North Audley Cantine and dessert shop concept Crème, is planning to launch a new restaurant in the capital.


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