RLC Global Forum’s Post

McARTHUR Retail Development Specialists is proud to share this article from our friend Stefan Breg, Managing Partner - Consulting at 𝐊𝐄𝐀𝐍𝐄. Along with Magdalene Sylvie Welch, KEANE's Senior Concept Development Manager, Stefan recently led panel discussions at the 𝐑𝐞𝐭𝐚𝐢𝐥 𝐋𝐞𝐚𝐝𝐞𝐫𝐬 𝐂𝐢𝐫𝐜𝐥𝐞 2024 𝐢𝐧 𝐑𝐢𝐲𝐚𝐝𝐡. The discussions highlighted the rise of food halls in Saudi Arabia, the strong entrepreneurial spirit with over 50% of Saudis planning to invest in F&B, and the rapid growth of the coffee sector. The panel emphasized a data-driven approach to optimizing F&B space for maximum efficiency. The success of local entrepreneurs like Rakan Aloraifi and Eman Fallatah, who are creating innovative, bespoke F&B concepts, was also showcased. Check out this article to understand the exciting changes in Saudi Arabia's food and beverage industry, along with useful tips on planning the best use of space for restaurants and cafes. It's a must-read for anyone interested in the future of dining in Saudi Arabia. 𝐂𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐥𝐢𝐧𝐤: https://lnkd.in/gRpkx8BW For more retail updates and stories follow our page: https://lnkd.in/gFcqfuYK #RetailUpdates #FoodandBeverage #RetailStrategy #RetailConsultant

McARTHUR Retail Development Specialists is proud to share this article from our friend Stefan Breg, Managing Partner - Consulting at 𝐊𝐄𝐀𝐍𝐄. Along with Magdalene Sylvie Welch, KEANE's Senior Concept Development Manager, Stefan recently led panel discussions at the 𝐑𝐞𝐭𝐚𝐢𝐥 𝐋𝐞𝐚𝐝𝐞𝐫𝐬 𝐂𝐢𝐫𝐜𝐥𝐞 2024 𝐢𝐧 𝐑𝐢𝐲𝐚𝐝𝐡. The discussions highlighted the rise of food halls in Saudi Arabia, the strong entrepreneurial spirit with over 50% of Saudis planning to invest in F&B, and the rapid growth of the coffee sector. The panel emphasized a data-driven approach to optimizing F&B space for maximum efficiency. The success of local entrepreneurs like Rakan Aloraifi and Eman Fallatah, who are creating innovative, bespoke F&B concepts, was also showcased. Check out this article to understand the exciting changes in Saudi Arabia's food and beverage industry, along with useful tips on planning the best use of space for restaurants and cafes. It's a must-read for anyone interested in the future of dining in Saudi Arabia. 𝐂𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐥𝐢𝐧𝐤: https://lnkd.in/gRpkx8BW For more retail updates and stories follow our page: https://lnkd.in/gFcqfuYK #RetailUpdates #FoodandBeverage #RetailStrategy #RetailConsultant

F&B on the agenda Retail Leaders Circle!   Magdalene Sylvie Welch and I recently led panel discussions at the Retail Leaders Circle in Riyadh and here are some fascinating future-facing insights on F&B in the Kingdom that we discussed: -          Food halls complement, unlikely to replace, successful food courts. -          Saudi entrepreneurs are driving a wave of new F&B concepts (shoutout to Eman fallatah & Rakan Aloraifi!). -          Coffee is experiencing a surge in the variety of offers, with a focus on innovation and local production (thanks to Phil Broad for his insights). -           Understanding future dining behaviour is key to optimising F&B space in developments.   Head over to the full article for a deeper dive into these trends and more!     https://lnkd.in/g5iWja_v   #SaudiArabia #F&B #Retail #Keane

 Thriving in Change: The F&B Manager's Playbook In the fast-paced world of hospitality, especially within food and beverage management, adapting to change isn't just an option—it's a necessity. Having spearheaded operations at Nishat Group of Hotels, I've seen firsthand how crucial flexibility and innovation are to success. 🔹 From updating menus to reflect current trends to adapting our service delivery during unexpected challenges (yes, global events included!), the goal has always been to enhance customer satisfaction and operational efficiency. 🔹 Leveraging technology has also been pivotal. By introducing smart inventory management systems, we drastically cut down waste and improved profitability. How are you navigating change in your operations? What tools or strategies have proven indispensable for you? #HospitalityManagement #FoodAndBeverage #Innovation #Leadership

🔑 Location growth is often a key indicator of present and future success for QSR and FSR brands. Every new location opening is exciting–a chance for a fresh start–and publicly sharing its goals for expansion shows a brand’s potential, its market opportunity, and its ambition to seize it. 📈 The 2023 Restaurant Operations Report found that 96% of operators plan to open at least one location in the next 12-18 months; brands that currently have more than 250 locations have plans to open an average of 38 locations in the next 1.5 years. 🎯 It’s easy to set goals, it’s another thing to execute on those goals. Check out our latest blog where we highlight 9 high-growth brands in their endeavor to open their next several hundred or thousand locations and the strategies that they’ll employ to get there: https://lnkd.in/dC2Rrsin

I appreciate that Tony Smith and his team at Restaurant365 take the time to ask what operators think and want. This is a great survey. Check out his post. Very informative. #restaurateur #restaurantcoach #restaurantowmer #restaurantceo, #restaurantsuccess

I had the chance to interview #AlanSmith, the CEO of Agthia Group PJSC, a homegrown #UAE food & beverage company that has grown in strength, both regionally and globally over the past two decades. Speaking at #Gulfood, the CEO highlighted the strategic M&A activity the company has planned in the tech space, which will take Agthia further and faster into the future of F&B. Watch the video on the link below. https://lnkd.in/dVnuMFiz

Running a successful F&B outlet requires a lot more than just good food and service. To stay ahead of the competition, focus on building value for your team and guests, personalize their experience, and use data and trends to understand your business. Challenge your costs monthly, engage with your team the same as your guests, and put well-being at the heart of what you do. Be consistent, over communicate, and continually innovate to stay relevant. Remember, retention is key. #FandB #RestaurantManagement #HospitalityIndustry

April 2024 Restaurant Sector Performance: Winners & Laggards Unveiled 📉 As we wrap up another month in the restaurant industry, the price movements have given us a clear view of who's leading the charge and who's facing challenges. Here's a snapshot of the standout performers and those who faced hurdles in April 2024: Leaders: • The One Group: Leading the pack with an impressive 30% increase, showcasing remarkable growth. • Goodtimes: Following closely, up by 13%, reflecting strong consumer favor. • Wendys: Making significant strides with an 11% rise, signaling positive momentum. Laggards: • Noodles & Company: Faced a tough month, with a decrease of 22%, highlighting areas for strategic reassessment. • Jack in the Box: Down by 14%, indicating challenges that need addressing to bounce back. • Cracker Barrel: Also down by 14%, pointing towards the necessity for revitalization strategies. In the dynamic and competitive landscape of the restaurant industry, CFOs play a pivotal role in steering companies toward sustainable growth while upholding operational efficiencies. Prioritizing strategic financial management is essential for CFOs to support accelerated expansion plans, ensuring the successful execution of growth initiatives while safeguarding the financial health and efficiency of the organization. To learn how Ankura can help, contact us: ankuraocfo@ankura.com #RestaurantIndustry #MarketTrends #BusinessInsight #April2024Review #AnkuraOCFO

Entegra is proud to support the Supply Chain Expert Exchange Spring Conference by the National Restaurant Association. This event brings together leaders in the supply chain from the food service and hospitality industries to network and discuss the challenges and innovative solutions. Tim Kratz, Jeff Porterfield, and I look forward to the discussions and sharing how transparency and collaboration can help the industry thrive.  #supplychain2024 #restaurantsupplychain #NRASHOW #procurement #supplymanagement