All MCA Insight articles in April 2023 – Page 2
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Analysis & InsightLumina Intelligence: Has health been deprioritised amidst the cost of living crisis?
There may be a common perception that healthy food is more expensive, but Lumina data shows healthy options have grown in importance for consumers eating out
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NewsTRG should ‘just own Wagamama’
Shareholder Irenic has called for The Restaurant Group to sell off all non-core assets, reduce debt and unlock the global potenital of Wagamama
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NewsTapas Revolution leaves deficit of £4.3m
The Spanish-inspired casual dining group, which trades from nine locations, was acquired in a pre-pack deal by company MD James Picton for £235,000
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Analysis & InsightRestaurants rely on price rises to stem loss in delivery volumes
Year-on-year delivery and takeaway sales fell 3% in March, with a 9.5% dip in the number of orders, according to CGA
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NewsPret expands loyalty programme
The subscription service has been rebranded to Club Pret, and will now cost £30 per person and offer users 10% off food sold in Pret stores
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NewsPubs generate £26.2bn of GVA, Greene King report finds
Speaking at The Kings Arms in Mayfair on 24 April, CEO Nick Mackenzie introduced new research ahead of the King’s coronation
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NewsMcDonald’s reports consistent global sales performance
The fast food brand reported strong global sales growth across each of its market segments, with guest counts up across the world
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NewsMJMK launches £1m crowdfund campaign
The group behind Casa do Frango and Santiago Lastra’s KOL is launching a crowdfunding campaign to raise funds for further growth, including a second concept
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InterviewsWhitbread: ‘We are mindful of operating in the value restaurant space’
The group has implemented some price rises but looks to boost performance through an improved customer experience, CEO Dominic Paul tells MCA
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InterviewsLoungers: ‘It’s not revolution, it’s constant evolution’
CEO Nick Collins tells MCA the upcoming summer will be an important period, with the new Brightside concept entering its peak trading period for the first time
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NewsOasis: TRG management ‘not aligned with shareholders’
The activist hedge fund has urged fellow shareholders to reject “pay without performance” at The Restaurant Group
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InterviewsPieminister: ‘Our prime prospect is university towns’
The pie specialist plans to expand from 16 to over 100 sites, and has also seen a strong upturn in its foodservice business, co-founder Jon Simon tells MCA
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NewsItsu plots £100m grocery business
The appointment of former Sainsbury’s CEO Justin King gives the division the additional retail expertise to take the brand to the next level, The Grocer reports
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NewsStar Pubs & Bars aims for net zero by 2040
Star Pubs & Bars aims to decarbonise its estate of 2,400 pubs by 2040, aligned with Heineken’s ‘Brew a Better World’ net zero ambitions
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OpinionDominic Walsh: Reshuffling the pack
With the sector facing cost challenges from all sides, some operators are reorganising and reshaping their businesses to better position them for future growth, Dominic Walsh writes
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NewsRussell Danks becomes Laines MD
Punch Pubs has announced changes to its executive team, with Russell Danks taking over from Dan Hills as managing director for sister business Laine Pub Company
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NewsHospitality among sectors struggling most with recruitment
Eight-three percent of hospitality companies reported that they were struggling to recruit enough workers, a new survey by the British Chambers of Commerce (BCC) finds
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Analysis & InsightPrezzo’s painful decline
As the Italian casual dining chain axes another 46 restaurants, MCA examines how the once leading player on the high street has fallen victim to changing consumer tastes and a middle market squeezed by rising costs and inflation
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NewsEmployment (Allocation of Tips) Bill to become law
A private member’s bill intended to ensure hospitality staff receive all the money left to them in tips by customers is set to become law after clearing the House of Lords
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NewsWhitbread F&B sales behind pre-pandemic
Sales were 40% ahead of FY22 for the 52 weeks to 2 March 2023, however they remained 4% behind pre-pandemic levels