Quick Service Restaurant (QSR) & Pub Sector

Profits and revenues up at Domino's main Irish franchise

BreakingNews.ie – 17.05.2022

Pre-tax profits at pizza group Domino’s largest Irish franchise increased by 16 per cent to €12.25 million in 2021. New accounts show that Domino’s firm, Shorecal, was making ‘lots of dough’ as revenues increased by nine per cent from €55.25 million to €60.26 million in the 12 months to the end of December 26th last. Shorecal operates about 30 of the 86 Domino’s outlets across the State and also operates outlets in Northern Ireland. The business is majority owned by the Belfast-based Caldwell family and the accounts show that in January of this year, the business paid out a dividend of €20.24 million. This followed a dividend payout of €8 million in 2021. Domino's Pizza Group, the listed company that runs the pizza chain in Britain and Ireland, took a 15 per cent stake in the business in 2019 for €12.5 million.

Ministers Host Workshop Aimed At Revitalising Nighttime Economy 

Hospitality Ireland - 19.05.2022

Minister for Tourism, Culture, Arts, Gaeltacht, Sport and Media Catherine Martin and Minister of State for Heritage and Electoral Reform Malcolm Noonan have co-hosted a workshop aimed at revitalising the nighttime economy, according to a statement published on Gov.ie, which said that representatives from organisations relating to the sector participated in the event, and sought to identify how artistic, creative and community spaces can be supported by the planning and development system. "The night-time economy is a key economic sector of our cities and towns and also one of the things that makes them great places to live in and visit. Supporting this through a town centre first approach that maximises the use of vacant buildings and encourages the development of quality public spaces is part of our agenda to invest in regeneration and amenities that benefit local communities in the widest sense”.