All MCA Insight articles in April 2022 – Page 3
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News
Black Sheep to double estate this year
The coffee shop operator has 51 sites in the pipeline which were agreed pre-pandemic, with around half to go to franchisees
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News
Adventure Bar Group hits targets ‘well ahead of time’
The strong performance means owner Nightcap will issue an additional 7.1m in earn out shares to the founding management team of the business
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News
Cat Rock urges votes against Just Eat board
Alex Captain, founder and managing partner at the activist investor, said JET shareholders had been “punished” by a -75% stock price decline in less than two years
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News
Greene King makes carbon zero pledge
The pub company and brewer has committed to become a net zero carbon business by 2040, and is targeting a 50% reduction in greenhouse gas emissions by 2030
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News
Gravity to open £10m Liverpool One experience
Grosvenor – co-owner and asset manager of Liverpool One – and Gravity Active Entertainment have announced plans for a 100,000 sq ft space at the retail and leisure destination
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News
Burger King UK sees lfls up 46%
The fast food chain said strong sales and profit had been driven by continued restaurant expansion and franchise acquisitions, alongside the digital transformation of the business, with a further 200 restaurant openings targeted by 2026
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News
AB InBev reveals $1.1bn blow from Russian exit
The world’s biggest brewer will take a $1.1 billion financial hit after finally bowing to pressure to withdraw from the Russian market, The Times reports
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News
Hospitality offering £85k salaries to entice foreign workers
Restaurants and hotels are offering perks like £5,000 sign-on bonuses and family holidays to attract chefs amid the staffing crisis, the Sunday Times reports
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Analysis & Insight
Thirty years of Nando’s, Wagamama and a British food revolution
The Guardian analyses how Nando’s and Wagamama have revolutionised the UK restaurant industry
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Analysis & Insight
Businesses at their most pessimistic for 18 months
Optimism among British businesses is cooling as order book growth slows and inflationary pressures intensify, according to a flash PMI survey, The Times reports
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News
Busy restaurants belie a tale of tightening belts in cost-of-living crisis
Restaurants are seeing an influx of customers despite the cost of living crisis, The Guardian reports
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News
TRG’s CEO Andy Hornby’s £1m gravy train
Hornby has been blasted for taking a bonus after the owner of Wagamama and Frankie & Benny received £43m in furlough cash, This Is Money reports
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News
Poke House lines up a further eight UK sites
The Italian-based poke business will open in Covent Garden and Battersea Power Station as part of its plans to open 65 UK sites by the end of next year
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Opinion
Peter Martin: Beneath the veneer of normality
The industry can be encouraged by current trading patterns, but new routes will need to be charted and navigated, writes MCA’s contributing editor Peter Martin
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News
Gaucho and M beat target for carbon-neutral beef
Rare Restaurants will now serve carbon-neutral beef across all of its Gaucho and M Restaurants sites – two years ahead of its original 2025 target
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News
EG Group’s UK foodservice business to fuel growth
EG’s plans including rolling out 50 Leon and 30 Cooplands sites per year, as part of a target to create more than 32,000 jobs globally over the next five years
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News
Tim Hortons announces first London site
The Canadian QSR brand plans to double its estate in the UK, to 100 sites by the end of 2023, with its first location in the capital to open later this month
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Analysis & Insight
Inflation hitting margins and spending
Managed restaurant, pub and bar groups achieved like-for-like sales growth of +4% in March, but the effect of inflation was felt in the latest numbers from the Coffer CGA Business Tracker
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News
Carbon calculator launched for hospitality
Non-profit organisaiton Zero Carbon Forum has today launched the calculator and toolkit to enable hospitality operators and brewers to identify achieveable actions on carbon reduction
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Opinion
Dominic Walsh: ‘Restoration of fortunes being felt across the nightclub sector’
Dominic Walsh discusses the ‘get on with it’ attitude of Rekom UK’s chairman Peter Marks and how it’s helping the business reap the rewards of pent up demand