All MCA Insight articles in April 2024 – Page 8
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NewsDeliveroo, restaurant partners, and GMB union sign courier charter
The charter, signed by chains including Wagamama and Wingstop, includes principles on treating riders with dignity and ”working together to achieve operational excellence”
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InterviewsIndividual Restaurants: ‘We’re a better version of ourselves’
As the Piccolino operator gears up for a summer of new openings, CEO Andrew Garton tells MCA the business is in good shape and reports strong sales and cover growth in recent months
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NewsSupper London ceases operations
The high-end restaurant delivery platform, which raised £2.4m on Growthdeck in 2021, has been liquidated, according to Companies House documents
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NewsTom Kerridge: The mid market is very, very difficult
The chef and high-end pub operator said he would be “absolutely terrified” if his business was solely reliant on restaurants, due to inflation and cost pressures
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NewsMajestic completes acquisition of Vagabond
The retailer and supplier has acquired the wine bar concept out of administration, saving nine bars from closure, though the Canary Wharf and Gatwick airport sites were not included as part of the deal
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NewsMcDonald’s buys back 225 Israeli franchise restaurants
The US fast-food chain has been subject to boycotts and protests since franchise owner Alonyal announced it would be donating free meals to the Israeli military
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NewsHospitality stands to lose £400m in latest train strikes
Industrial action in 2024 has cost close to £750m in lost business, with impact since 2022 now totalling £5bn, according to UKHospitality
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NewsPing Pong to trial 15% ‘brand charge’ ahead of tipping law introduction
The London-based dim sum chain has scrapped service charge and replaced it with a ‘brand charge’ to fund wage rises across its teams
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NewsGreggs appoints non-executive director
Tamara Rogers, currently chief marketing officer at Haleon plc, will join Greggs on 1 June
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NewsParogon Group continues to seek expansion opportunities
The Staffordshire operator has reported group turnover of £21.7m, and plans to expand its range of concepts into surrounding counties
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NewsIn pictures: WatchHouse debuts in New York
The 17-strong coffeehouse concept has opened on Fifth Avenue, offering specialty coffee and light bites during the day as well as cocktails in the evening
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NewsHotBox eyes London expansion following £1.5m funding round
The London-based brisket concept has revealed plans for expansion into Covent Garden and Soho amid an ongoing funding round
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InterviewsDishoom: ‘We’re very excited about Permit Room’
The drinks-led concept retains classic Dishoom dishes but stands on its own two feet, with plans to open at least one more Permit Room this year, managing director Brian Trollip tells MCA
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Analysis & InsightFoodservice inflation more than double CPI
Despite steady easing over the last 12 months, foodservice price inflation remains more than double the rate seen in the retail sector
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NewsYoung’s: Rates in ‘dire need of reform’
CEO Simon Dodd joins calls for business rates to be urgently addressed ahead of the general election to secure the future of businesses and jobs
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NewsWahaca reports strong performance in face of headwinds
The group reported turnover of £39.7m as it returns to the expansion trail this month, with the opening of its 14th site in London’s Paddington Square
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NewsComptoir completes senior team restructure
James Fisher will join as finance director from Wahaca in the Summer of 2024, the third of three senior appoitments at the Nick Ayerst-led business
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NewsThe Breakfast Club reports upturn in profitability
A significant loss in the first six months of FY23 led to a restructure of central costs, after which the business delivered £438k of EBITDA and continued profitability into FY24
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InterviewsHestia Hospitality: ‘There’s never a better time to be in acquisition mode’
The newly launched investment vehicle is looking to make a further two investments this year as part of a three-year target to reach revenues of £100m, CEO Andrew Fishwick tells MCA
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NewsAmber Taverns achieves record turnover
The community pub operator reported turnover of £110m, with an 11.3% rise in like-for-like sales, underpinning continued demand for its value offer