Latest / Hospitality News Briefing / Tuesday 20 October: Hospitality giants pledge 100,000 jobs for young people in major government partnership
Transcript
- Good morning. This is the Hospitality News Briefing, from Ops Club. Episode twenty three, Tuesday the twentieth of October. Here is what the UK trade press reported this morning, collated for operators. Hospitality giants including Whitbread, Nandos and McDonalds have joined forces with the government in a three year project to create one hundred thousand jobs and training placements for young people. Starting with the latest numbers, The Beefy Boys has seen turnover jump thirty eight point five per cent to over seventeen million pounds for the year to March twenty twenty six. Operating profits rose to one point two million pounds. Co founder Anthony Murphy says growth is being fueled by sharing platters, which naturally lift the spend per head. Propel reports that this shows customers will still spend more for an occasion if the menu format encourages them to be social. Artfarm sales grew fifteen per cent to fifty six point five million pounds in twenty twenty five, though turnover at the Groucho Club fell to seven point eight million pounds. That follows a temporary license suspension. Management noted that new digital sign in processes and event restrictions have impacted trading. Also in Propel, McLean Restaurants has seen turnover pass one hundred and twenty million pounds after acquiring six more McDonalds sites. The Dorchester Group saw profits jump to eighteen point five million pounds as occupancy recovered to fifty five per cent, and Nine Group reported five point one million pounds ee bit dah from its hotel portfolio, with its Heathrow Novotel hitting one hundred per cent occupancy. On to who is buying what, Restaurant Online reports that Wren Pubs has sold The Walmer Castle in Notting Hill to B N F Hospitality. The site generated four point five million pounds in sales since twenty twenty three, and the group is now focusing on new flagship openings in Chelsea. Propel reports that Punch Pubs has acquired the Vogue Bar in Glasgow for a refurbishment. Meanwhile, City A M says B and M has joined the race for select Poundland sites as a potential break up of that business looms. In site news, the UK pizza brand Caprinos has signed a deal to open thirty stores in Saudi Arabia over the next five years. This follows a fifty site deal in Spain. Propel notes this shows a growing appetite for British fast food brands in the Gulf. Over at Restaurant Online, they report that Les one hundred and ten de Taillevent in Marylebone has entered liquidation and closed its doors. In Belgravia, Zuma co founder Arjun Waney is set to debut Osteria Panzano in mid November. The Michelin Green Star site, Inver, has been listed for sale as a going concern for two hundred and seventy five thousand pounds. Five quick ones from Propel. Bubala has opened its fourth and largest site in Covent Garden. The Indian concept Oorja is opening a second site in Marylebone on the first of November. Simon Shaw is launching El Gatito in Manchester on the sixth of November. Harry Ramsdens has expanded its kiosk format to Swindon, and the Caribbean fusion brand Chip n Jerk is opening its third site in Leyton later this month. A few moves to note. Jersey Mikes UK has named James Dodd as chief marketing officer. The Caterer reports that Richard Cooke is joining the Dorchester Collection as General Manager of Hotel Bel Air in Los Angeles. Duncan Palmer is stepping down as Managing Director of the Bulgari Hotel London on the thirty first of October, and Filipe D'Avillez has been appointed General Manager of the Hoxton Holborn. Looking at the wider market, Propel reports that cold drinks have become a critical growth battleground. Fast food operators have expanded these ranges by thirty per cent in four years. Coffee shops now average forty six different cold drink lines, while casual dining only averages sixteen. Meaningful Vision says there's a big opportunity in functional and global flavours like matcha and yuzu. Elsewhere, traditional British puddings like sticky toffee and crumble are seeing a social media revival among diners under thirty. Finally, Langton Capital notes that sterling rose to one pound nineteen against the euro, while Brent crude oil climbed to about one hundred and eight dollars per barrel. In other news, the founders of Fallow are looking at expansion in the Gulf because they say the UK tax environment offers no incentive to grow here. Co founder James Robson warned that VAT, corporation tax, and staffing costs make domestic growth dangerous when five per cent margins are considered a success. As we mentioned at the top, the Department for Business reports that major operators are joining a state programme to offer training and paid roles to eighteen to twenty four year olds. The government is providing three thousand pounds in recruitment bonuses per candidate. On a similar note, hotelier Alex Polizzi has warned in a podcast that she'd stop hiring eighteen year olds if the government removes minimum wage age bands. To finish, City A M reports that business leaders are urging the Chancellor to freeze the higher rates multiplier, warning that flagship West End stores can't absorb further tax hikes. Three things to think about before you get on with the day. With cold drinks now a major growth driver, have you reviewed your non alcoholic range lately? Could adding functional or global flavours like yuzu or matcha help you capture the higher margins coffee shops are currently enjoying? The Fallow team is looking abroad because five per cent margins make UK growth feel irresponsible. If your own margins are thinning, are you holding out for a gem site, or is it time to model what a franchise or international move could do for your risk profile? Traditional puddings are trending with the under thirties who didn't get them at home. Is your dessert menu too modern - and could a simple, high quality sticky toffee pudding actually be your next bestseller? The full rundown is at ops dash club dot com, where every story links back to the publication that reported it. Today's pulled from Propel Hospitality Info, Restaurant Online, City AM, The Caterer, Langton Capital and Department for Business, Innovation, Science and Trade - a signpost to their reporting, not a replacement for it. Scripted and read by AI and published without a human check, so check the original before you act on anything. For longer conversations with the people running the sector, find the Hospitality Ops Club podcast. That is your briefing. Have a great day.