fulham shore owner

But it added that its Real Greek restaurants elsewhere in the country have performed more strongly, with some regional locations “twice as busy as they were last year”. In a trading update published this morning, chairman David Page wrote: "We believe that the restaurant market in the UK was heading for a correction well before the coronavirus outbreak. The restaurant group, which also runs The Real Greek chain, told investors it is “well positioned” to benefit from structural changes to the sector. 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. It predicted there will be “less competition” as a result of the virus, which has caused pizza-selling rivals such as Pizza Express, Pizza Hut and Zizzi to shutter sites. VideoHow sunshine can make the railways greener. 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 Fulham Shore said it will “go prospecting” in areas of the country where it can open more restaurants, highlighting Newcastle, Canterbury, Cardiff and Glasgow as areas for potential expansion. 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. 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 "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. also completed an equity fundraise raising £2.25m. A post-coronavirus era will, I believe, see less competition. 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. Coronavirus: Do you have a tribute to a loved one? At Fulham Shore we offer all these things. The flotation of PizzaExpress PLC took place in 1993. Make sure you're logged in and subscribed to view each edition. Franco Manca and Real Greek owner Fulham Shore has said that "the future looks promising" for its business. He was the owner and managing director of the largest PizzaExpress franchisee organisation – the G&F Group – from 1973 to 1993. Tech making it easier to see inside babies' brains. 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.". Franco Manca and Real Greek owner Fulham Shore has said that "the future looks promising" for its business. Fulham Shore said it was cutting all its costs to a minimum, including property and staff expenses. 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Video, Pandemic highlights anger at Amazon in France, Meghan: Duchess of Sussex tells of miscarriage 'pain and grief', US election 2020: Biden says White House co-operation 'sincere', The Weeknd calls Grammy Awards 'corrupt' after nominations snub, Russia 'threatened to ram' US ship in Sea of Japan, Germany Merkel: Car rams into chancellery gate ahead of Covid decision, A harsh reality in coal country - with or without Trump, Metal monolith found by helicopter crew in Utah desert, Thailand's 'largest ketamine bust' turns out to be cleaning agent, US-China trade war: Trump gives one last twist, Abdul Nacer Benbrika: Australia revokes citizenship of terror plotter, 'Cheaper to shut restaurant than stay open'. The firm said this morning that “the future looks promising” as more sites become available and with rents “likely to be falling for the next few years”. Read more. He added that the restaurant market in the UK was “heading for a correction well before the coronavirus outbreak”. The Caterer releases a digital version of the magazine every Wednesday morning. With rents likely to be falling for the next few years and more sites becoming available, the future looks promising for Fulham Shore. After attacking its unnamed rivals, Fulham Shore said that its restaurants were "well positioned", "carefully chosen" and "fairly rented". The BBC is not responsible for the content of external sites. The sector was under pressure before the pandemic, but things have got worse since March as restaurants face lockdown closures and social distancing restrictions. Follow us for breaking news and latest updates: This field is for validation purposes and should be left unchanged. The firm said it was well placed to benefit from changes in the market. .css-1hlxxic-PromoLink:link{color:inherit;}.css-1hlxxic-PromoLink:visited{color:#696969;}.css-1hlxxic-PromoLink:link,.css-1hlxxic-PromoLink:visited{-webkit-text-decoration:none;text-decoration:none;}.css-1hlxxic-PromoLink:link:hover,.css-1hlxxic-PromoLink:visited:hover,.css-1hlxxic-PromoLink:link:focus,.css-1hlxxic-PromoLink:visited:focus{color:#B80000;-webkit-text-decoration:underline;text-decoration:underline;}.css-1hlxxic-PromoLink:link::after,.css-1hlxxic-PromoLink:visited::after{content:'';position:absolute;top:0;right:0;bottom:0;left:0;z-index:2;}UK chefs campaign for more political clout, Covid: 'Cheaper to shut restaurant than stay open', Covid: Pubs and restaurants in England to have 10pm closing times, Biden says White House co-operation 'sincere'. But since the pandemic the focus has shifted to regional restaurants, which are “currently breaking trading records on a weekly basis.”. 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. Generous commission: The restaurant group, which also runs The Real Greek chain, told investors it is “well positioned” to benefit from structural changes to the sector. Sales lifted after reopening as the Eat Out To Help Out scheme helped to boost takings in August, the company said. 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