Tragus Group renamed as the Casual Dining Group
Tragus Group, the operator of Café Rouge and Bella Italia has announced a name change, alongside plans to open 70 restaurants, creating 3,100 jobs in the next few years. The new era of the Casual Dining Group begins imminently, with 30 outlets already having exchanged contracts, and set to open in 2015. The majority of new openings will be under the Bella Italia brand.
The name change follows a 12 month restructuring program. The 200 outlet strong company reported sales within its core business up 3.8% to £193.1m in the year to 1 June 2014. Further change is expected in the coming year, as the Casual Dining Group embarks on an investment programme set to revitalise 160 outlets across its estate.
Domino’s UK report like-for-like sales growth
Domino’s, the UK leader in takeaway pizza, has reported sales rose 14.6% to £766.6m for the 52 weeks ended 28 December 2014 across its entire estate of 894 outlets.
The group reported UK like-for-like sales growth of 11.3% across 724 UK stores, up from 7.0% at 670 stores in 2013. Online sales have become increasingly important, with UK and Ireland online sales up by 30.2%, accounting for 69.4% of delivered sales. According to the group, a shift from traditional marketing to digital marketing, along with the launch of a new website and app enhancements, have been key drivers of online sales growth. Allegra believes that Domino’s is a key brand to watch for further technological innovation.
Burger King launches home delivery trial
Burger King has revealed plans to trial a home delivery service in eight restaurants, with potential for a national rollout if the trial is successful.
The trial will take place in Northampton, Romford, Truro, Hornchurch, Gants Hill, Hull, Skegness and Hayes. Orders can be placed by phone or via the new Burger King Delivers website. The brand has introduced three combo meal deals available exclusively to delivery customers. The move to home delivery will allow the brand to compete with both takeaway operators including Dominos and fast food delivery operators Just Eat and Hungry House.
Jamie’s Italian confirms European plans with SSP
Jamie Oliver Restaurant Group has confirmed its partnership with SSP, with plans to open airport outlets in France, Germany Switzerland and Holland. The first two outlets are set to open in Nice Airport in 2017. The airport outlets will be divided into 3 distinct zones, with a table-service restaurant, a grab and go section and a bar, with the vision of appealing to all passenger groups.
The group, which currently operates 16 international outlets, said it would limit UK expansion plans for its Jamie’s Italian brand to focus on international rollout. While Jamie’s Italian expansion continues in Europe, Allegra expects to see further growth of the Trattoria brand in UK. The Trattoria format emphasises all-day dining and operates from smaller sites, which are easier to secure
Revolution Bars Group announces IPO plans
Revolution Bars, the Mark McQuater led Vodka bar, is to seek an Initial Public Offering in March. The 58 outlet strong group operates two brands, Revolution Bars and Revolución de Cuba. Both brands target the premium end of the 18-35 market and offer the widest selection of flavoured and infused vodkas in the UK.
Revolution Bars Company reported revenues of £108.7m in the year to 30 June 2014, up from £104.5m in the previous year. The group’s future strategy is focused on a measured roll-out of both brands, at around five new bars per annum, with potential to reach up to 140 bars. Allegra believes the group is well-positioned to benefit from key industry trends around premiumised informality and all-day trading