All MCA Insight articles in April 2023 – Page 8
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News
Fulham Shore to be acquired in £93m deal
The Franco Manca and Real Greek operator’s board has agreed to a proposed takeover by Japanese food conglomerate Toridoll
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News
Scoffs Group appoints CFO
Costa Coffee’s largest UK franchisee has appointed Jim Williamson as chief financial officer to support its accelerated growth ambitions
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News
Fulham Shore announces record revenue
Fulham Shore has provided a trading update ahead of its results for the year ended 26 March 2023, with a record revenue of £100m driven by new openings
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Interviews
Craft Union: ‘We think big but act small’
Operations director Frazer Grimbleby speaks to MCA about the Stonegate acquistion, reaching the 500-site landmark, and how the beauty of the offer lies in its simplicity
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News
Burger & Sauce signs five new franchisees
The business is looking to expand from its Birmingham base to Sheffield and Liverpool through its new franchise partners
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News
Greene King bolsters finance team
Group M&A director Matthew Ward is adding a new role of finance director for partnerships & ventures to his responsibilities
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Analysis & Insight
UK leading Europe’s coffee shop outlet growth
The UK coffee shop market grew 4.4% over the last 12 months to reach 9,885 outlets, compared to overall European market growth of 3.3%, according to a new World Coffee Portal report.
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News
Wahaca focused on recovering restaurant volumes
The Mexican restaurant group recorded net profit before tax of £3m in the year to 26 June 2022 and said love for the brand remained strong.
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News
Creams confirms first sites to open under new Park Garages partnership
Cafes will open within Park Garages Blackburn and Wigan later this month, following increased demand for the brand in the north.
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Interviews
Craft Union: ‘We’ve been a driving force in the recovery of Stonegate’
Operations director Frazer Grimbleby speaks to MCA about growing the estate, premiumising the drinks range, and modernising while maintaining a value-conscious and community-led offer
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News
Parogon Group to accelerate expansion
The 10-strong pub and restaurant operator, which plans to open 10 new sites by 2025, has reported a £23.8m turnover for the year to June 2022
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News
Oakman benefiting from Chef Academy
The group said it now has the necessary employee resources to continue its growth plans thanks to the development of its Academy, with a Level 2 course due to launch later this spring.
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News
Prezzo posts significant loss despite strong H2 performance
The Italian restaurant brand recorded a total statutory loss for the year to 2 January 2022 of £22.4m, but said that it had returned to profitability in the second half of the period
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Opinion
Lorraine Copes: Moving the dial on race equity
The journey to advance race equity is one of continuous learning, yet it remains a topic that is frequently avoided, Be Inclusive Hospitality’s founder Lorraine Copes writes for MCA
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News
New Pub Partners MD at Greene King
Dan Robinson will hold overall responsibility for Greene King’s leased, tenanted and franchise business unit, with Wayne Shurvinton appointed to a new role as partnership and ventures MD
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News
McDonald’s closes US offices as it prepares to announce redundancies
The chain has closed its US offices for three days to inform corporate employees about layoffs as part of a broader company restructuring
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Analysis & Insight
Consumers to further cut discretionary spend
According to research by KPMG, 63% of UK consumers have cut down on eating out, while 49% plan to cut down further due to a rise in energy bills and tax
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News
Megan’s reports strong trading ahead of 20th opening
Megan’s is on track to deliver sales growth of 70% in its current financial year, according to finance director Gill Clements.
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News
Paul CEO steps down
Mark Hilton has stepped down as CEO of the artisanal bakery and patisserie chain after nearly four years
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News
Oakman Group: ‘Concerns about inflation and taxation persist’
When adjusted for VAT, total sales were 17% up and lfl sales 6.9% up in the first 38 weeks of FY2022/23, with work commencing on two new sites