Red Engine

Cornish Bakery appoints new food innovation head amid record sales

Cornish Bakery has appointed chef and product developer Arnaud Kaziewicz as its head of proposition and product innovation, following a record trading period over the Easter and May Bank Holiday weekends. The appointment comes as the bakery chain reported a 9% increase in like-for-like sales since the start of 2025. …

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Today’s news in brief – 25/03/25

Red Engine has seen a 15% uplift in sales to £77.1m in FY24. During the year, the group’s sales combined with its franchise partners reached £118.3m. It added that EBITDA is expected to have surpassed the £12m it recorded in 2023. Over the next five years, Red Engine aims to…

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Red Engine sees sales surge to £77.1m in FY24

Red Engine, the group behind bars such as Flight Club and Electric Shuffle, has reported a 15% increase in sales to £77.1m in FY24, up from £66.8m the previous year. During the year, the group’s sales combined with its franchise partners reached £118.3m. It added that EBITDA is expected to…

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Today’s news in brief – 10/02/25

Red Engine has unveiled its 2025 global expansion plans as its Q4 sales rose 24% to £25.3m. The hospitality group behind Flight Club and Electric Shuffle saw its sales combined with its franchise partners reach £38.4m, spelling a rise of 23% year-on-year – with like-for-like sales increasing by 4%.  Britain’s…

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Red Engine unveils expansion plans amid ‘record-breaking’ Q4

Red Engine, the hospitality group behind Flight Club and Electric Shuffle, has unveiled its 2025 global expansion plans as its Q4 sales increased 24% to £25.3m. Its sales combined with its franchise partners reached £38.4m, up 23% year-on-year, with like-for-like sales increasing by 4%. Building on this success, Red Engine’s…

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Today’s news in brief – 11/09/24

Job vacancies have fallen below 100,000 for the first time since the pandemic, falling to 98,000, in what UKH has called a “positive milestone” for the sector. ONS figures also indicate that average earnings are 4% higher than a year ago, which UKH boss Kate Nicholls attributed to the LPC…

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Red Engine to open its 14th UK Flight Club in Oxford

Red Engine has announced that it is set to open its newest Flight Club in Oxford, the 14th venue in the UK, on 22 November. Flight Club Oxford will feature semi-private oches around a bar with seating options and two terraces. The hospitality group and its partners have already opened…

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Today’s news in brief – 01/07/24

Scottish hospitality saw a 33% rise in sales during Scotland’s Euros matches, with high street pubs benefiting the most from an average 74% rise in sales. According to CGA by NIQ data, the day of Scotland’s game vs Switzerland generated the biggest boost in sales, rising 28% compared with last…

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Red Engine to launch Electric Shuffle site in New York

Red Engine has announced that it is set to launch a flagship Electric Shuffle bar in New York City on 12 July. Located in the NoMad district, the multi-million-pound investment occupies 10,000 square feet of Manhattan real estate on the second floor next to the Virgin Hotel. Set across two…

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Today’s news in brief – 24/06/24

Stonegate revenues hit £916m in H1 ended 7 April, as its leased and tenanted estate demonstrated “consistent” growth with like-for-like sales rising 6.2% on the equivalent period in the prior year. EBITDA margin in H1 was up 1.3% to 21.3%, highlighting the “positive impact” of Stonegate’s performance improvement and efficiency…

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