The Real Greek has struggled to match the trading it enjoyed during last year’s heatwave, according to its owner.Fulham Shore, the Aim-listed restaurant operator, said that like-for-like revenues at

The restaurant group, which also runs The Real Greek chain, told investors it is “well positioned” to benefit from structural changes to the sector. Shares in The Fulham Shore, the owner of Franco Manca and The Real Greek restaurants, rose after seeing sales rise week-on-week since reopening and raising £2m from investors. Franco Manca expansion slices owner’s profits in half, From Greggs to Franco Manca: Britain’s favourite restaurants revealed.

Franco Manca owner The Fulham Shore has said it is eyeing expansion opportunities across the UK as the coronavirus crisis pulls rents lower and forces rivals to vacate sites.The restaurant group,

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.css-14iz86j-BoldText{font-weight:bold;}The owner of Franco Manca and The Real Greek restaurants has fired a scathing broadside at rivals, saying the sector was heading for a shake-out well before the pandemic struck. We will go prospecting in areas of the country where we can open more of our restaurants, in towns and cities such as Newcastle, Canterbury, Cardiff and Glasgow.". The West End and other metropolitan areas such as central Manchester used to be home to the busiest restaurants in the UK.

Start the working day with The Caterer’s free breakfast briefing email, Sign Up and manage your preferences below. The Fulham Shore, which also runs The Real Greek chain, told investors it is ‘well positioned’ to benefit from structural changes to the sector. The restaurant chain owner saw profit before tax sliced in half from £1.5m last year to just £743,000 in its latest half-year period as it poured money into opening six new Franco Manca pizzerias and one new outlet of the Real Greek.

UK scientists warn over Christmas mingling, Meghan tells of 'unbearable grief' of miscarriage, How sunshine can make the railways greener. The business feels this will particularly benefit its Franco Manca brand: "We have always felt that a Franco Manca pizzeria thrives better in a local neighbourhood where it can build a loyal local following rather than rely on passing trade.". The group said it has now reopened 68 of its 70 restaurants with extra safety precautions in place. The company said it would probably benefit from the government's business rates holiday and measures to protect wages of workers when they come through. The highest official awards for UK businesses since being established by royal warrant in 1965.

The West End and other metropolitan areas such as central Manchester used to be home to the busiest restaurants in the UK. "There were too many restaurant businesses with owners and managers convinced they could swim like Mark Spitz, but which were actually being kept afloat by some badly made rubber rings and various leaky flotation devices. "We believe that the restaurant market in the UK was heading for a correction well before the coronavirus outbreak," Fulham Shore said. It has cut all but essential capital spending. Some sites are open for delivery and take away services.

Page said the business has emerged from the summer lockdown in "robust shape" having launched delivery and click and collect services from selected restaurants, which broke trading records despite the lack of dine-in custom. Read more: From Greggs to Franco Manca: Britain’s favourite restaurants revealed.

For a premium account we need your address. The change of fortunes is all the more remarkable given its brief spell in administration three years ago and some struggles in raising funds. "Some of our regional and suburban restaurants are currently breaking trading records on a weekly basis," Fulham Shore said, describing this as "unprecedented".

Franco Manca and Real Greek owner Fulham Shore has said that "the future looks promising" for its business. Jacobs Media Group Limited is a company registered in England and Wales, company number 08713328. The trading update reports that the year ended 29 March 2020 had seen revenue grow by 7% reaching £68.6m, while headline earnings before interest, taxes, depreciation and amortisation reached £15.2m. You are seeing these quotes based on previous browsing related to sectors such as.

© 2020 WebFG and Media Limited or its affiliated companies. Obtains access to the information in a personal capacity; Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so; Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds; Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes. It told investors that it does not believe the recently announced 10pm curfew will have a major impact on trading and believes it is well positioned to adapt to the further tightening of restrictions. The sector was under pressure before the pandemic, but things have got worse since March as restaurants face lockdown closures and social distancing restrictions. The crisis has also sparked a shift away from central London to the suburbs or regional towns. Fulham Shore said it would miss expectations for full-year profit as the owner of the Franco Manca and Real Greek restaurant chains suffers the impact of the coronavirus crisis. FRANCO Manca owner Fulham Shore yesterday revealed that profit halved in the six months to the end of September, despite higher revenue as it continues to expand.. VideoPandemic highlights anger at Amazon in France, How a smalltown doctor became a Covid pariah, The cold reality of Covid cost will be laid bare, .css-orcmk8-HeadlineContainer{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:justify;-webkit-justify-content:space-between;-ms-flex-pack:justify;justify-content:space-between;}Meghan: Duchess of Sussex tells of miscarriage 'pain and grief'.css-1dedj2h-Rank{-webkit-align-self:center;-ms-flex-item-align:center;align-self:center;color:#B80000;margin-left:3.125rem;}1, US election 2020: Biden says White House co-operation 'sincere'2, The Weeknd calls Grammy Awards 'corrupt' after nominations snub3, Russia 'threatened to ram' US ship in Sea of Japan4, Germany Merkel: Car rams into chancellery gate ahead of Covid decision5, A harsh reality in coal country - with or without Trump6, Metal monolith found by helicopter crew in Utah desert7, Thailand's 'largest ketamine bust' turns out to be cleaning agent8, US-China trade war: Trump gives one last twist9, Abdul Nacer Benbrika: Australia revokes citizenship of terror plotter10. Coronavirus India Updates: Tally Tops 92 Lakh; States Gear Up For Second Wave, 120-bedded coronavirus research centre made functional at Abbasi Hospital, Covid kills 48 more as daily cases near 3,000, EU to provide 10m euros for Afghan refugees, Asad says Covid stats worsening, seeks SOPs compliance, Covid-19 claims 12 more lives in twin cities, LPR documents two COVID-19 deaths in past 24 hours, Moscow documents 5,947 COVID-19 recoveries in 24 hours. The company record a loss before tax of £800,000.

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