leisure opportunities
Daily news & jobs:
www.leisureopportunities.co.uk Increase for bar/eateries M&As
New research from accounting firm BDO has forecast a “sig- nificant increase” in merger and acquisition (M&A) activ- ity for the bar and restaurant sector throughout 2012. Te company’s Restaurants
and Bars Report has predicted that a combination of private equity interest and banks sell- ing repossessed assets will fuel the growth in such deals over the coming 12 months. “Triving chains” looking
to “cash in” is also seen as a reason for the increase, with brands such as Pizza Express; Yo! Sushi; Côte; and Giraffe among those expected to change hands. Meanwhile, other predictions outlined in the
“Triving chains” are set to fuel M&A growth next year by “cashing in”
BDO research include an increase in calorie and alcohol information on menus; a growth
in ‘pop up’ and mobile units; and greater use of technology such as free wi-fi and the use of targeted promotions through mobile devices. More details:
http://lei.sr?a=c2u1l (PDF)
Survey: Britons continue to eat and drink out
New research carried out by Deloitte and BDRC Continental has found that UK con- sumers are continuing to eat and drink out, despite ongoing concerns on the economy. According to the Taste of the Nation survey, the number of adults going out to eat or drink
at pubs, restaurants or other venues increased by 12 per cent over the last six months. Te growth has been fuelled by the 18-to-34-
year-old consumer group and “frequent users” who go out at least twice a week, which mainly comprises males going out for a drink.
‘Extensive interest’ in Olympic sites
Private sector organisations have shown “extensive interest” in two of the first devel- opment opportunities for the Queen Elizabeth Olympic Park following the 2012 Games. Firms had until 5 December to show inter-
est in the Press Centre and Broadcast Centre, along with the Chobham Manor project, by the Olympic Park Legacy Company (OPLC). Te OPLC said that 12 “high-profile” devel-
opers came forward with a view to becoming its partner on the 800-home Chobham Manor neighbourhood. A further 10 have expressed interest in becoming the “significant tenants” of the Press Centre and Broadcast Centre, with a shortlist to be drawn up in early 2012 OPLC chief executive Andrew Altman said:
“Our plans for the Olympic Park are more advanced than any other Olympic host city and we will continue this pace by appointing
24 Chobham Manor will feature 800 homes post-Games
tenants and a development partner before the 2012 Games have even started.” Operators for venues such as the Aquatics
Centre and the ArcelorMittal Orbit are to be appointed shortly, while a new Olympic Stadium bidding process is also planned.
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