All MCA Insight articles in April 2023 – Page 4
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NewsFridays rebuked as 'cynical' after axing staff meals
From the beginning of May, staff working 10 or more hours at the Hostmore brand will also no longer be able to claim a free meal
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InterviewsEgo Restaurants: ‘The runway just got a lot bigger’
With Mitchells & Butlers acquiring the remaining 60% stake in the chain, Ego now has the balance sheet to accelerate expansion, CEO James Horler tells MCA
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NewsPersistent inflation ‘increasingly concerning’
While CPI has dropped, food prices continue to accelerate, prompting trade bodies to speak out on behalf of struggling businesses
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Analysis & InsightQSR market adds £1.8bn in value
The top 10 QSR operators are expected to achieve a combined outlet growth of +4.1% in 2023, to a total of 6,116 sites
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NewsCTO departs Hostmore
Fridays chief technology officer Erica Livermore has departed after three years with the brand
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NewsStar agrees to pay £1.25m in PCA case
The Heineken-backed leased & tenanted pub operator was fined over breaches to the pubs code
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NewsCamile Thai UK enters liquidation
Sites in Battersea, Balham, Epsom, Barnes and Romford have closed, with only Clapham remaining open on the UK mainland
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NewsDeliveroo ‘particularly pleased’ with UK performance
Q1 revenues and gross transaction value (GTV) were in growth, but order numbers decreased year-on-year
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NewsBuy-out firms explore joint bid for Subway
Advent International, Bain Capital and TPG are considering teaming up in a so-called “club deal”, Sky News reports
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Cafe Wolseley’s international debut and new venues from Bao, Smoky Boys, and more
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NewsFood prices accelerate at fastest rate in 45 years
Inflation dropped to 10.1% in March, down from February’s 10.4%, but food and non-alcoholic beverage inflation jumped to 19.1%
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NewsMitchells & Butlers to acquire remaining stake in Ego Restaurants
M&B, which took a 40% stake in Ego Restaurants in 2018, plans to expand the Mediterranean-themed pub and restaurant chain nationwide
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NewsJust Eat makes progress on profitability
The delivery company’s Q1 2023 update saw a decline in orders and gross transaction value, attributed to a year-on-year comparative with the pandemic
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NewsPopeyes announces further openings and breakfast menu launch
The Southern fried chicken chain will open a further four sites in London, which will see the launch of its breakfast menu in the UK
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NewsBean Coffee prepares for national rollout
The independent coffee chain, which has 20 retail and office locations in the Northwest, has appointed leisure agents Stärka as it expands beyond its home territory
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Analysis & InsightFood co insolvencies treble
In the past year, food manufacturers such as Orchard House Foods, who supplied fruit and juice to Pret a Manger, were forced to close their doors
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InterviewsCity Pub Group gears up for economic uptick
The premium pub company sees “good opportunities” in the market for pub acquisitions, but is primarily focussed on organic growth within the existing estate, CFO Holly Elliott tells MCA
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Analysis & InsightPret’s spring refresh relies on both health and indulgence
As two competing trends take over the sector, the food-to-go brand has unveiled a range of new items that cater to changing consumer needs following a pandemic and cost of living crisis
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NewsHakkasan and Yauatcha owner acquired for $550m
Investment group Mohari Hospitality has bought Madison Square Garden Entertainment’s majority share in Tao Group
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NewsMcDonald’s announces recipe changes to core items
The chain will make changes to the Big Mac among other items, in its first major menu change since launching the crispy chicken sandwich