QUICK SERVICE RESTAURANT (QSR) & PUB SECTOR

Revenues at Supermac's group rose 10% in 2019

RTE Business – 01.01.2021
Revenues at fast food, hotel and property group Supermac's jumped by 10% to €189.4m in 2019. New accounts show that the Pat McDonagh led firm enjoyed a record year before Covid-19 hit the business in 2020. Supermac’s (Holdings) Ltd recorded a 3% increase in pre-tax profits to €24.5m in 2019. This follows revenues rising by 10% from €172m to €189.4m. In an interview last month, Mr McDonagh estimated that his fast food business will be down around 30% in revenues for 2020 while the hotel business will be around "70% plus down" due to the Covid-19 enforced closures and tourist industry impact.

JD Wetherspoon commits its largest investment ever into a pub and hotel, at more than €33m

Propel – 15.12.2020
JD Wetherspoon has made its largest ever investment, in excess of €33m (£29.9m), to buy and develop a new pub and hotel in Dublin. The site – Keavan’s Port – is on Camden Street and will have 89 en-suite bedrooms and employ 200 full-time and part-time staff. The investment of €6m to purchase the property and €27.4m to redevelop it is “the single largest investment” made by Wetherspoon in its 41-year history.