All MCA Insight articles in August 2014 – Page 9
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News
Living Ventures plans Manchester Red Door
Living Ventures, the Tim Bacon-led group, is planning to open a site under its Red Door format in Manchester’s Deansgate
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News
Papa John’s expansion continues
Papa John’s, the takeaway pizza group, is continuing its nationwide expansion plan with the openings of stores in Maida Vale, Clapham and Tamworth
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News
Soho Coffee Co extends WHSmith link up
Soho Coffee Co is extending its in-store link up with WHSmith to a further two sites
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NewsDraft House lfls up 10%
Like-for-like sales for Draft House, the London-based craft beer bar concept, are currently about 10% ahead of last year and the group expects to make “significant” net profit and EBITDA in its current financial year, founder Charlie McVeigh has told M&C Report
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News
British Land sells Poland St site for £26m
British Land has announced that it has exchanged on the sale of 52 Poland Street to Amazon Property for £26m reflecting a capital value of nearly £1,300 per sq f
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NewsH+H consolidates estate
Harris + Hoole is to imminently close six of its sites in London and the Home Counties as its looks to consolidate its estate
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News
Ordering app attracts £1.1m funding
QikServe, a mobile technology company, has secured £525,000 to expand its mobile ordering and payment platform service
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Analysis & Insight
Sector creates 118k new jobs in a year
The hospitality industry now employs more than two million people, after creating 118,000 new jobs in the past year, new statistics reveal
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NewsSt Austell to open smokehouse and craft beer venue
St Austell Brewery, the Cornish brewer and pub operator, has revealed plans to transform its new £1.5m site in Exeter into a smokehouse and craft beer pub-restaurant
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Analysis & Insight
Scots spend more on eating and drinking out
Households in Scotland are “slightly more sociable” than their counterparts elsewhere in Britain, spending on average 3% more on leisure activities in the six months to July, the Greene King Leisure Spend Tracker reports
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Analysis & InsightHousehold leisure spend grows 12% in July
Household spending on leisure grew 12% to £202 in July, with the good weather causing the amount spent on drinking out to grow 14% to £45.84 while eating out spend rose 5% to £75.71, according to the Greene King Leisure Spend Tracker
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NewsDraft House reports sharp growth in EBITDA and sales
Draft House, the London-based craft beer bar concept, saw EBITDA before opening expenses grow 163% to £251,620 in the eight months to June 2014, while year-on-year sales increased 29% to £3.2m
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NewsBatemans FY profits slide
Batemans, the Lincolnshire brewer and pub operator, saw pre-tax profits slide 29.9% to £168,135 in the 12 months to 31 January 2014 in what it called “another challenging year”.
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News
Ricker plans US smokehouse concept
Will Ricker, founder of Ricker Restaurants, is looking to launch a new concept based on a traditional US smokehouse, in the UK
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News
UGOT builds pipeline, eyes funding options
UGOT, the frozen yoghurt and healthy food concept co-founded by millionaire film maker and entrepreneur Jamal Edwards, has lined up a series of new openings and is in discussions about its finance options, M&C Report has learnt
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NewsMcDonald’s confronts junk food image
McDonald’s is making a further attempt to change the perceptions of its food
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NewsBillingham 'to relinquish exec chairman role'
Stephen Billingham is to relinquish his role as executive chairman of Punch Taverns once the company completes the restructure of its debts, according to The Times
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News
French fast food chain to make UK debut
Pomme De Pain, the French sandwich chain, is to make its debut in the UK in London later this month
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NewsGatecrasher denies 'sensationalist' rumours of bad practice
Nightclub group Gatecrasher has issued a strong-worded statement denying online rumours relating to alleged bad practice over payments following the pre-pack administration that it underwent last year, along with other “sensationalist” reports from parties with “vendettas”
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Analysis & Insight
Poor service is turning young people away from brands
Young customers are most likely to get frustrated by customer service with 30% saying they have become less loyal to retail brands over the past five years, according to new research