All MCA Insight articles in August 2018 – Page 6
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Opinion
The winds of change
Sector analyst Simon French looks at the key trends affecting the eating and drinking-out sector in 2018, including the increasing importance of convenience and effective use of technology. He also discusses the differing approaches of some of the industry’s most notable investors, and why argues that now is not the time for operators to ease up on innovation.
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News
Burning Night closes Cardiff Bierkeller
The Burning Night Group has closed its Cardiff Bierkeller.
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News
Camden’s Lock Tavern sold for £6m
The freehold of Camden live music venue, The Lock Tavern has been sold for £6m to East London Pub Co.
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Analysis & Insight
Pub lfls up 2.7% in July as restaurants fall 4.8%
Managed pub and bar groups grew like-for-like sales (LFLS) by 2.7% in July while restaurants slumped 4.8% year-on-year.
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News
Serve eyeing up to 14 UK sites
New social entertainment ping pong concept Serve is looking to add a further 12-14 sites to its business in the UK over the next three years, before going global, MCA has learnt.
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News
Bagel Factory to open revamped concept in Canary Wharf
Bagel Factory is to open a site in Canary Wharf Underground station under a revamped concept, as it looks to double its footprint by the end of 2019
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News
Hong Kong beer pong concept Pong opening in Kings Cross
Pong, a high-tech beer pong and premium bar concept, is coming to London’s King Cross, MCA understands.
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News
Hong Kong-based bank takes Gaucho position
SC Lowy, Hong Kong-based boutique investment bank, is believed to have taken a position in Gaucho, which was placed into administration last month.
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News
Williams appointed MD at Papa John’s UK
Liz Williams has joined Papa John’s as managing director for the UK, MCA understands.
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News
Humpit eyes university rollout after securing Newcastle Union site
Humpit, the Venturian-backed hummus and pita bar concept, is eyeing university expansion across the North of England after securing its fifth site, in Newcastle University Union, MCA has learnt.
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News
Carlsberg UK volumes down 5%
Carlsberg saw double digit growth in the UK for its premium brands in the half year to 30 June but a drop in market share for its eponymous brand meant total volume decline of 5% in the territory.
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News
Kosebasi in renewed effort to find first UK site
Award-winning global restaurant brand Kosebasi is once again on the lookout for a site in London.
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News
Porky’s BBQ converts remaining One Bourbon Tavern
Porky’s BBQ has converted its one remaining One Bourbon Tavern site in West Hampstead into another eponymous site.
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News
Hudsons secures third site for its American brasserie
Hudsons American Brasserie has secured its third site in north London.
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Analysis & Insight
Fast food giants squeezed by contemporary brands
The dominance of the big three fast food brands is being gradually eroded, the latest data from MCA has shown.
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News
BigDish eyes 'massive market opportunity' in UK
BigDish, the recently listed yield management platform for restaurants, is looking to capitalise on the “underserved” regional eating out market, before eventually making a move into London.
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News
New era beckons for Novus
The sale of 15 bars to Stonegate and the process to dispose of the rest of its late-night estate, including the flagship Tiger, Tiger brand, will leave Novus Leisure a very different business. James Wallin talks to Novus chief executive Toby Smith about the new direction for the group and the opportunities for its Tank & Paddle and Balls Brothers brands.
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News
Urban Pubs acquires Opera Tavern from Salt Yard
Urban Pubs & Bars has acquired the Opera Tavern in Covent Garden from the Salt Yard Group.
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News
EiG grows Beacon past 250 milestone
Ei Group has grown its managed tenancy model, Beacon, to over 250 sites.
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News
Karma to expand UK presence with $12m investment
Karma, a food waste platform for restaurants, will use its $12m Series A investment round to accelerate its expansion in the UK, as well as expand to new European markets.