YO! TO GO IN TESCO
YO! Sushi has signed an agreement with Tesco to pilot YO! To Go counters at two UK stores. A manned kiosk has been launched at Tesco Extra in Sunbury-on-Thames and Tesco Extra in Bournemouth creating made-to-order sushi, as well as providing fresh sushi to the front-of-store food-to-go range. Options include classics, sharing platters and bento boxes.
BOND OF BURRITOS
Chilango has launched its second bond offering, Burrito Bond 2. After 24 hours of the launch, the restaurant reached the £1m target with 39 days still to go. Burrito Bond 2 follows the Mexican chain’s Crowdcube campaign in 2014, which closed at just over £2m, double the £1m target.
A GOOD YEAR TO BE HONEST
Honest Burgers saw a £6.7m sales increase to £22.3m for the financial year ended January 2018. Restaurant earnings before interest, tax, depreciation and amortisation (EBITDA) rose from £3.3m to £5.1m, offset by an increase in head office costs of £1.1m due to the appointment of key senior heads to support the growth of the business. As a result, group EBITDA grew from £2.2m to £2.9m.
A BREAKFAST OF TWO HALVES
According to the Beyond Breakfast and Brunch report from Délifrance, people in the UK are divided as to whether indulgence (23%) or health (22%) is the main consideration when choosing what to eat. While 36.6% of people eat breakfast out of home at least once a week, 24- to 35-year-olds are most likely to do so multiple times a week.
CONSUMERS GO HELL FOR LEISURE
For September 2018, entertainment reported its strongest year-on-year growth in consumer sales since June 2017, at 11.6%. This was helped by restaurants (9.5%), pubs (11.5%) and ticket sales (7.1%). According to Barclaycard data, overall consumer spending grew 3.9%, a more modest growth compared to the strong summer.
BITCOIN AT BREWDOG
BrewDog is opening its first bar that will accept Bitcoin and Bitcoin Cash, in London’s financial district of Canary Wharf. The Scottish brewer, pub and now hotel operator is also launching Hop Exchange – a draft beer for which the price correlates with the movement of the FTSE 100. An electronic dot matrix affixed above the bar will relay the latest day’s trading results and the correlating price fluctuation.