Strategy
This section highlights the strategic moves shaping the UK hospitality and foodservice industry. From brand repositioning and pricing models to diversification plans, leadership changes, and multi-site rollout strategies, our coverage provides valuable insight into how restaurant groups, pub chains, caterers, and bar operators are adapting to shifting market conditions. Whether you’re refining your business model, assessing competitor strategies, or making key investment decisions, this archive offers sharp editorial designed to support strategic thinking at every level of the foodservice sector.
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Jun- 2024 -28 JunePubs and Bars
Nightcap to re-register as a private limited company
Bar operator Nightcap has announced the proposed cancellation of admission of its ordinary shares to trading on AIM, a re-registration as a private limited company, and adoption of new articles of association. As a result, directors have undertaken an “extensive” review to evaluate the benefits and drawback to the company…
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25 JuneNews
Today’s news in brief – 25/06/24
Tortilla has acquired Fresh Burritos in France for €3.95m (£3.34m). The deal was funded from the group’s existing debt facilities and is expected to contribute £2.5m of additional annual adjusted EBITDA at 24 months maturity. It comes as the latest step in Tortilla’s growth strategy that will see the brand…
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25 JuneNews
Stonegate appoints new non-exec director
Stonegate Pub Company has appointed Mark Davies as a new non-executive director. Davies is the CEO of Primary Health Properties, the FTSE 250 UK real estate investment trust, and a non-executive director of Palace Capital, a regional focused REIT. He was previously a co-founder and CEO of NewRiver REIT and…
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25 JuneBusiness
Tortilla acquires French competitor Fresh Burritos for €3.95m
Tortilla Mexican Grill has announced its strategic acquisition of Fresh Burritos, a France-based European fast-casual Mexican restaurant, for a total of €3.95m (£3.34m). The deal has been funded from the group’s existing debt facilities and is expected to contribute £2.5m of additional annual adjusted EBITDA at 24 months maturity. It…
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24 JuneNews
Stonegate revenues hit £916m in H1
Stonegate group’s revenues reached £916m in the 28 weeks ended 7 April 2024. Adjusted H1 EBITDA for the group was up 7.7% to £196m, compared to £182m for the same period in 2023, with a particularly strong performance from L&T and operator-led businesses. During the period, the leased and tenanted…
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24 JunePubs and Bars
Young’s Pubs profits and revenues surge
Young’s Pubs has revealed its profit-before-tax has increased 9.3% to £49.4m as its revenues increased 7.4% to £388.8m on a comparable 52-week basis and 3.4% on a like-for-like basis in 2023. The pub group’s adjusted EBITDA also increased 7.8% to £92.2m and its managed house adjusted EBITDA for the period…
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21 JuneTrade Associations
NTIA urges new govt to appoint night time economy minister
The NTIA has called on the incoming government to appoint a night time economy (NTE) minister to “safeguard the future of nightlife”. This comes as the night time economy is struggling to meet global standards, the trade body has said, due to a lack of dedicated representation and leadership. While…
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10 JunePubs and Bars
St Austell Brewery FY23 revenues rise 10% to £229.5m
St Austell Brewery, which owns over 160 pubs, inns and hotels across the West Country, has reported another “record” year where total revenues rose 10% to £229.5m for the year to 31 December 2023. This comes as the group’s total operating profits for the financial period reached £13.2m, showing a…
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6 JuneTrade Associations
UKH launches election toolkit for businesses
UKH has announced the launch of its election toolkit for hospitality, which will offer the opportunity for businesses to invite parliamentary candidates in their constituency to their venue to “impress upon them the importance of the sector”. This launch is part of the trade body’s pre-election campaigning, which started at…
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5 JuneTrade Associations
UKH calls for pragmatic migration plans that reflect sector needs
UKH has stressed the need for an employment plan that meets the needs of the economy and the hospitality sector. This comes as Labour party leader, Keir Starmer, said on Sunday (2 June) that “a future Labour government will bring down net migration”. To achieve this, Starmer said the Labour…
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