22/11/2021
Fuller's 'being careful about price increases'
Fuller's is concentrating on getting higher footfall, in a bid to avoid increasing prices, CEO Simon Emeny told the Morning Advertiser. The company recently revealed its trading update, which reported revenue up from £45.6m to £116.3m compared to the previous year. On the ongoing issues with price rises, Emeny outlined how the business is dealing with the influx of increases. Emeny added: "I suspect a lot of the inflationary pressures will just be short term, as the world economy restarts."
Pub operators back recruitment fundraiser
A number of pub operators, including Punch Pubs and Loungers are backing a new project that aims to reignite and rescue the hospitality recruitment crisis. The initiative, called Hospitality Rising, is being led by former Pret a Manger and YO! Sushi marketer Mark McCulloch, advises Pub & Bar. The campaign is aiming to raise £5m to launch a recruitment campaign to attract more talent into the industry as it starts to recover.
UK restaurant insolvencies soar by 31%
UK restaurant insolvencies have soared by 31% to 296 in the last quarter, up from 226 in the previous quarter, according to new figures from UHY Hacker Young. The national accountancy group says that many restaurants have faced a cash flow crisis which may have tipped some over the edge into insolvency. After being closed for much of the last year, restaurants have had to suddenly increase their expenditure following closures amid lockdown, with sales not recovering quickly enough, reports Catering Today.
Café Rouge trial name change under plans to create a 'more modern' dining experience
Café Rouge is trialling a new brand identity that sees the Café dropped from its name and new design concepts and menu options introduced. Their site in Haywards Heath will be the first of select few sites to pilot changes to the Café Rouge brand identity, which is intended to 'improve ambience and create a more modern and relaxing dining experience', report Big Hospitality.
Revolution reveals plans for eight new sites
Revolution Bars Group has revealed plans to open eight new sites across the next two financial years, with the majority expected to be delivered in the 2023 financial year reports The Caterer. The company used lockdowns to invest in its brands as well as its teams and sustainability, creating a diversity and inclusion board and committing to hit net zero before 2030.
And Finally...
Not so long ago, "FOMO" (the fear of missing out) had many of us burning the candle at both ends. But after months at a time spent indoors during various lockdowns, a phenomenon dubbed "HOGO" (the hassle of going out) appears to be taking hold, advises iNews. Figures suggest that many people have grown weary of socialising outside of their homes.