All MCA Insight articles in August 2019 – Page 4
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NewsBrakspear’s managed pubs boost revenues
Brakspear parent company J T Davies & Sons increased turnover by 12%, to £31.8m, during 2018.
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NewsEditor’s Opinion: Uncertain Times
The sorry state of UK politics makes for a fascinating spectacle, but Brexit continues to undermine business. Now, courtesy of the new PM, a no-deal scenario is back on the table, injecting a further dose of uncertainty when the opposite was needed. No-one knows exactly what will happen in the event of no-deal, but for a business sector long beleaguered by Brexit, certainty beats uncertainty.
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Analysis & InsightSteve Gotham: Frequenting fall-out
MCA market insight director Steve Gotham breaks down the data on eating out occasions to see what the real picture is when it comes to falling frequency.
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NewsRestaurants hit by ‘turbulent times’
Restaurant numbers have dropped for the sixth quarter in a row according to the latest Market Growth Monitor from CGA and AlixPartners, with Italian restaurants hit hardest. Overall there was a 3.4% drop in restaurant numbers in the 12 months to June 2019, meaning an average rate of 18 net closures a week.
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NewsCabana calls in administrators, sold to Hush
Cabana Restaurants, the Jamie Barber-led Brazilian barbecue brand, has appointed administrators, with five sites sold to Hush Brasseries, another Barber-led group.
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NewsEggslut eyes 10 for UK
US-based casual dining brand Eggslut is looking to open around 10 restaurants in the UK in the coming years following the launch of its debut UK site in London’s Notting Hill, MCA’s sister title Big Hospitality reports.
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NewsSukhothai undergoes partial MBO
Thai casual dining group Sukhothai has undergone a partial management buy-out (MBO), with the current management team joining founders Gerrard Marks and Yupha (Ban) Kaewkraikhot as shareholders.
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NewsRed Oak Taverns buys 18 pubs from Wadworth
Red Oak Taverns has acquired 18 leased and tenanted pubs from Wadworth for an undisclosed sum. The pubs are all based in the south and south west which Red Oak said would “strengthen the strong regional bias of Red Oak’s existing estate” which now totals 179 pubs.
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NewsSixteen Eat stores marketed for disposal
A number of Eat stores are being marketed for disposal, following the grab and go operator’s acquisition by Pret A Manger, MCA understands.
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InterviewsGeneration Next: Chin Chin’s nitrogen ice cream
Three-strong nitrogen ice cream specialist Chin Chin has brought desserts made using techniques associated with high-end restaurants to a much wider audience. Sophie Witts reports.
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Loch Fyne’s Horan takes on new role at Greene King
Greene King has appointed Michael Horan as the new business unit director of its 70-strong gastro-pub business Metropolitan Pub Company.
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NewsCaffe Nero revamps food with deli range
Caffe Nero has introduced a new deli range in a major overhaul of its food offering.
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NewsDate announced for EiG/Stonegate merger vote
Ei Group (EiG) shareholders are to vote on the proposed merger with Stonegate on 12 September.
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NewsDirty Martini cleans up with sales hike
Dirty Martini has reported a like for like sales uplift of 12% for the 13 weeks to 28 July. The performance of its regional sites was particularly strong, with sales up 19.4% compared to a jump of 6.6% in London.
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NewsBrewDog considering bond payment in beer
BrewDog founder James Watt has floated the idea of issuing a £10m bond where lenders would be partly paid in beer. As reported by Yahoo Finance, Watt posted on the brewery’s investor forum the suggestion that the bond would feature both financial returns and beverages. “We are considering another £10m ...
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NewsBarburrito reduces losses after ramping up EBITDA
Mexican fast-casual chain Barburrito has reported a 5% increase in turnover for the 53-week period ended 31 March 2019.
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NewsPaul UK sees lfls up 3.4% in 2018
Paul UK has seen strong turnover and like-for-likes sales growth in the full-year to 31 December 2018, across its 37-strong estate of shops, boosted by an uptick in online revenue.
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NewsTea sales shoot up in coffee shops
Coffee shop sales of tea were up 11.1% last year to hit £320m, according to Allegra. The total equates to 3.6m cups of tea, which makes up 4.4% of sales in the UK’s coffee shops. But 61% of industry leaders surveyed said the prospects for tea sales in coffee shops were positive, a drop of 6%. However, Allegra also said that 37% of tea drinkers consider drinking tea outside the home as “poor value for money” and warned operators that “more work is needed to boost consumer estimation of tea served in cafes”.
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NewsFranco Manca lines up Aldgate site
Franco Manca looks set to open a further London restaurant, in Aldgate, MCA understands.
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NewsMonty’s Deli and Claw opening at Seven Dials Market in September
Monty’s Deli and Claw will open new outlets at Seven Dials Market this September. It will be the third permanent site for Monty’s Deli. Founder Mark Ogus said after the “heartbreak of closing our restaurant in Hoxton, it’s really great to be able to announce we are reuniting with Kerb at Seven Dials Market, right in the heart of the West End.