All MCA Insight articles in April 2018 – Page 13
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NewsBrick & Liquor gearing-up for crowdfunding campaign
Neighbourhood cocktail bar concept Brick & Liquor is “strongly considering” launching a crowdfunding campaign in the next few months to raise the capital needed for a third and fourth site, MCA has learnt.
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NewsPoncho 8 closes three sites
Poncho 8, the grab and go burrito concept backed by the MSG Group, has closed three of its six sites in the last 18 months, MCA understands.
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NewsCity Pantry secures £4m funding round
City Pantry, the B2B food delivery company, has closed a £4m Series A funding round, led by Octopus Investments, with participation from existing investors and Newable Private Investing.
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News
BrewDog confirms Hawkes investment, eyes IPO in 2020
BrewDog has confirmed its investment in Hawkes, the Bermondsey-based craft cider producer and tap room, as flagged up by MCA on Friday.
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News
Dominion Hospitality appoints new MD
Dominion Hospitality has announced the appointment of Drew Brown as its new managing director.
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NewsStar Pubs & Bars launches enhanced support package
Star Pubs & Bars is to launch an enhanced package of support for its Just Add Talent operators.
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Analysis & Insight
Coffee shops to outnumber pubs by 2030
Coffee shops are expected to outnumber pubs by 2030, according to new research from Allegra.
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News
McDonald's facing fresh strike action
McDonald’s is facing a new round of industrial action, as The Bakers, Food and Allied Workers Union ballots members over whether to strike in pursuit of higher wages and improved working conditions.
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Analysis & InsightRestaurants and pubs defy Beast from the East in March spending
Restaurant and pub spending growth was 7.2% and 7.7% in March respectively, down from 9.7% and 10% in February, and outperforming wider consumer spending growth of 2%, new research from Barclaycard shows.
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News
Leon launches Asian spin-off Tuk Shop
Leon has launched its first pop-up under new Asian venture Tuk Shop at its existing West End restaurant in Shaftesbury Avenue.
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NewsZuma backer sells $200 stake
Dogus Restaurant Entertainment & Management (D.ream), the Turkish hospitality business which backs Zuma, Roka, Tom’s Kitchen and Coya, has sold a $200m stake to London’s Metric Capital and Singapore’s Temasek.
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News
ResDiary software sold to AccorHotels
Global investment bank GCA Altium has advised ResDiary, a provider of online restaurant reservation software, on its sale to French-listed global hospitality group AccorHotels.
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Analysis & InsightTalking Italian
Pizza and pasta offers have been vital to the expansion of the casual-dining scene over the past few years. As a result, this segment is hugely competitive and standing out has become increasingly important. MCA’s Steve Gotham looks at data from the Eating Out Panel to assess how key players are performing
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Analysis & InsightThe restaurant revolution continues in Soho
Parts of the eating out market may be struggling, but Soho remains a hotspot for innovation and a sought after location for restaurant sites, says Morris Greenberg, Group MD at leisure property consultant Cedar Dean
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News
South Coast Inns looking to focus on larger sites
South Coast Inns is looking to expand its business through the acquisition of larger sites with greater numbers of rooms, MCA has learnt.
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NewsCPL Training appoints new managing director
CPL Training has appointed Louise Sui as its new managing director, with immediate effect.
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Opinion
Cashless is king
Never one to stay out of the news for long, earlier this week irreverent craft brewer and bar operator BrewDog was revealed to be trailing a cashless model at its Clerkenwell site, with a view to rolling it out across its c60-strong estate. MCA checks in on the trajectory of the cashless trend, including new insight from Flyt
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NewsRed Mist Leisure acquires 10th site
Red Mist Leisure has acquired its 10th site – The Temple Inn, in Liss Forest, Hampshire, from Fullers.
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News
Absolom leaves BP for Co-op franchise
Mike Absolom has left BP to join Co-op franchise Devono Retail as a buying director, MCA understands.
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Analysis & Insight
Gender pay gap reporting: A sector overview
Gender pay gap reporting has been dominating the headlines this week. With the deadline now passed, what were the numbers reported by some of the biggest players in the eating and drinking out market? MCA takes a look