All MCA Insight articles in April 2014 – Page 8
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NewsMartin attacks rivals
JD Wetherspoon chairman Tim Martin has given his most direct criticism yet of major pub companies, saying that pubco directors who have failed to support Jacques Borel’s VAT Club “deserve to be taken to task for their poor commercial judgement and appalling track records”
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OpinionTo invest or not to invest...
Private equity has provided the finance for most growth concepts on the UK’s pubs and restaurants scene. So what makes a great private-equity investment? Electra Partners’ Bill Priestley gives his view
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NewsCamerons converts managed pub to Head of Steam
Camerons, the Hartlepool-based brewer and pub operator, is converting one of its existing managed pubs to The Head of Steam next month
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NewsHarveys profits rise after cost savings
Harveys, the East Sussex brewer and pub operator, saw operating profits grow 13% to £295,405 in 2013 after it achieved savings in “various areas of expenditure”
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NewsBII chairman Bernard Brindley dies
Bernard Brindley, the pub industry stalwart and chairman of the BII (British Institute of Innkeeping), has died, aged 63
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News
Councils less keen on late-night levy
The number of licensing authorities in England and Wales considering the introduction a late-night levy has decreased sharply, an annual survey by Poppleston Allen has found
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NewsAll Bar One set for double London opening
Mitchell & Butlers (M&B) has confirmed it will open two further sites under its All Bar One brand in London this summer
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NewsUpham Pub Company raises £2m; buys pub
Hampshire-based Upham Pub Company has raised a further £2m for expansion and secured its ninth site, co-founder David Butcher has told M&C Report
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Essenden reveals debt for equity swap details
Essenden, the Nick Basing-led operator of the Tenpin bowling brand, has issued details of its plan to undertake a debt for equity swap to prepare the business for acquisitions
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Thistle III sale aborted
Thistle Pub Company III, the EIS-backed, Scottish pub group managed by Maclay Inns, is considering its strategic position after failing to secure an acceptable offer for the sale of the group
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NewsMucho Burrito close to securing second site
Mucho Burrito, the Tex-Mex restaurant franchise, has put in a preliminary offer on a site in Crawley as part of its plan to open 30 sites within 12 years under the master franchise agreement for the south east, M&C Report has learnt
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NewsM&C20 stabilises as household confidence returns
M&C20 stabilised (up 4 points to 1,250) this week after recent heavy losses caused by market jitters and profit taking. The leisure index outperformed the All Share index, which slipped 1 point to 1,027
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French bistro franchise eyes UK growth
Gourmadine, the French bistro concept from Lifestyle Hospitality Group, has signed up its first franchisee to take the “creperie and bistrot” beyond the original Exeter restaurant
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NewsBatram issues Buy for Spirit
Leading analyst Nicholas Batram has issued a Buy recommendation for Spirit ahead of its H1 results on Thursday (24 April)
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Kerridge to open Royal Ascot restaurant
High profile chef Tom Kerridge is to open a restaurant at the Royal Ascot racecourse in Berkshire
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Zaks diner signs first franchisee
Zaks, the Norfolk-based American diner chain that has been operating for nearly 40 years, is opening its first franchised restaurant in south west Norfolk and plans to roll the concept out nationwide
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NewsFreedrinks names new CEO
Martin Hall is to step down as chief executive of Freedrinks, the producer of the Zeo soft drink brand, to be replaced by current sales director Mark Young
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Salt reduction pledge attracts 50 dining out operators
Around 50 pub and restaurant operators have now signed up to the Department of Health’s pledge to reduce salt in the food they serve to help diners achieve a reduction of 1g per person per day compared to the amount eaten in 2007
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Chipotle Q1 sales up 13.4%
Chipotle has reported a 13.4% increase in comparable restaurant sales for the first quarter of this year, with revenue up 24.4% to $904.2m
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Punch refreshes its cask offerings
Punch Taverns has introduced 16 beers to its Finest Cask scheme for the spring season, which includes contributions from seven new brewers including Island Brewery and Conwy Brewery