The flotation of PizzaExpress PLC took place in 1993. He added that the restaurant market in the UK was “heading for a correction well before the coronavirus outbreak”. Fulham Shore, the restaurant owner behind Franco Manca and The Real Greek chains, has said it has seen “encouraging revenue increases” in the first 21 weeks of the financial 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 … 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. 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. 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The sector was under pressure before the pandemic, but things have got worse since March as restaurants face lockdown closures and social distancing restrictions. .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'. Fulham Shore, the owner of restaurant chains Franco Manca and The Real Greek, is eyeing expansion due to the low rents and empty venues caused by the coronavirus pandemic. Video, Tech making it easier to see inside babies' brains, Pandemic highlights anger at Amazon in France. The firm said it was well placed to benefit from changes in the market. Fulham Shore, the owner of restaurant chains Franco Manca and The Real Greek, is eyeing expansion due to the low rents and empty venues caused by the coronavirus pandemic. Personalise your homepage and recommended articles, Franco Manca owner sees 'promising future' in less competitive field, Details given will be used in accordance with our. The restaurant group, which also runs The Real Greek chain, told investors it is “well positioned” to benefit from structural changes to the sector. VideoHow sunshine can make the railways greener. Read more: Franco Manca expansion slices owner’s profits in half. 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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.. The West End and other metropolitan areas such as central Manchester used to be home to the busiest restaurants in the UK. 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”. Since reopening custom has pivoted to the business' suburban sites, meaning these are much busier than those in the West End and other metropolitan areas, something it believes "will remain the case for the foreseeable future". "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. The Fulham Shore, which also runs The Real Greek chain, told investors it is ‘well positioned’ to benefit from structural changes to the sector. Fulham Shore said too many firms had been "convinced they could swim like Mark Spitz" while being kept afloat by artificial means. The change of fortunes is all the more remarkable given its brief spell in administration three years ago and some struggles in raising funds. 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, Read more: From Greggs to Franco Manca: Britain’s favourite restaurants revealed. The restaurant group, which also runs The Real Greek chain, told investors it is “well positioned” to benefit from structural changes to the sector. .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.

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