Hints and tips:
...Pub chain Mitchells & Butlers gets an 8 times multiple but it does own 80 per cent of its property. And property offers the real meat which Apollo seeks....
...(The luxury etailer’s “pickleball edit” also contains exclusive designs from The Frankie Shop, Leset and Sergio Hudson.)...
...Covid has also provided the excuse to retrench, as exemplified by Restaurant Group’s jettisoning most of its Frankie & Benny’s chain last June....
...The 2018 annual reports of the big UK pub groups — Marston’s, Fuller’s, Greene King, Ei Group and Mitchells & Butlers — referred to this trend....
...Analysts saw oversupply in the casual dining sector as a bigger problem, which sent Mitchells & Butlers lower by 7.7 per cent to 267.6p....
...The company flagged its Frankie & Benny’s chain as a particular casualty. But while conventional restaurant groups have suffered, companies with a head-start in delivery have surged ahead....
...Frankie Leung Los Angeles, CA, US...
...Letter in response to this article: Chinese academics are adept at steering away from troublesome issues / From Frankie Leung...
...Like-for-like sales at the owner of Frankie & Benny’s and Chiquito are down by two per cent in the first eight weeks of 2012. While that is likely to change as the year continues, challenges remain....
...In a trading statement the company, which owns the Frankie & Bennie’s and Chiquito restaurant chains, said turnover for the 52 weeks to January 1 2012 was 7.2 per cent up on the year before, bolstered by...
...So the chief executive of Mitchells & Butlers laughs when he learns that his visit to the Prince of Wales Feathers, sprung on the pub’s manager that morning, prompted some panic cleaning....
...Mitchells & Butlers is viewed as a potential bidder, but Richard Taylor at Liberum Capital questioned whether the company was the right target for the pub group....
...But the market was more surprised by the dining-out sector’s second deal of the day – pub group Mitchells & Butlers’ £20m ($31m) purchase of Ha Ha Bar & Grill....
...So it is no surprise that Mitchells & Butlers, which has 1,600 managed pubs and only 50 “franchises” – its version of tenancies – is more esteemed....
...This looks reasonable compared with Mitchells & Butlers, the food-led pub operator, which cancelled dividend and have much more debt than TRG, is trading on 12 times 2009 earnings....
...Carluccio’s fell 4 per cent and the Restaurant Group, owner of Frankie & Benny’s and Chiquito, was a 12 per cent faller....
...Bonds, who denies the charges and ever knowingly having taken banned substances, was also named along with 77 other players in the Mitchell report that published claims of widespread doping in the game....
...And McKellen tries Sydney Greenstreet with a dash of Frankie Howerd. The soundtrack is a costermongers’ ball; the visuals are slick, plasticky and headlong....
...Zelezny was voted on alongside Frankie Fredericks of Namibia, Morocco's 1,500m gold medallist Hicham El Guerrouj and Egyptian swimmer Rania Elwani....
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