All MCA Insight articles in August 2021 – Page 4
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NewsDeliveroo appoints new VP of strategic restaurant partnerships
Deliveroo has appointed Adam Bishop as its new vice president of strategic restaurant partnerships.
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NewsMoor Hall tops NRAs
Moor Hall in Lancashire has been named the Estrella Damm National Restaurant of the Year for the second year running.
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NewsPush back on business rates consultation says Colliers
Colliers is urging a push back on the Government’s proposals to move to three-yearly valuations on business rates as it is concerned about some of the detail included in the consultation. The property services firm has suggested that much of what is proposed will create difficulties rather than benefits for businesses appealing their business rates, while also adding costs and paperwork.
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NewsInception Group, Robinsons and Tokyo Industries join Pub Conference line up
Inception Group, Robinsons Brewery and Tokyo Industries are among the operators that will be taking to the stage at MCA’s Pub Conference 2021.
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News‘Pingdemic’ is far from over, warns St Austell CEO
Staffing pressures are set to continue for hospitality businesses, despite changes to the guidance on self-isolation, the chief executive of St Austell Brewery has warned.
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NewsSales down 6% in July versus 2019 levels
The easing of restrictions, good weather and staycations combined to help hospitality continue its recovery during July, with total sales -5.5% lower than the July 2019 equivalent according to the Coffer CGA business tracker. On a like-for-like basis, sales during July were -6% lower than the same month two years ago. The restaurant sector led performance during the month, while bars benefited from the reopening of the night time economy. However, on a 12 month rolling basis, overall sales remained 20% below the 12 months to July 2020.
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NewsJust Eat grows orders by 76%
Just Eat processed 135m orders in the first six months of 2021, a growth rate of 76% compared with the same period last year.
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NewsFulham Shore eyes 150 new sites
Fulham Shore has 12 sites in legal negotiations, with a further 150 locations identified as part of its medium term growth plans.
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Analysis & Insight93% of licensed venues trading in July
According to CGA’s and AlixPartners Market Recovery Monitor, approximately 5,000 licensed premises reopened in July, meaning 93% of Britain’s pubs, bars, restaurants and other venues are now trading. There are variations by location and type of premise, with groups and food-led sites rebounding strongly. Independents, drinking venues and nightclubs are less likely to be trading. In all, over 98% of food-led premises have reopened. City centre sites are more likely to be trading once more compared to suburban and rural sites.
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InterviewsHoni Poke: ‘Poke is a trend that’s here to stay’
Coming up with an idea for a new restaurant and hitting upon the next big thing is a tall order for even the most experienced restauranteur, let alone someone with a background in fast moving consumer goods.
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NewsThe Inn Collection buys York’s Dean Court Hotel
The Inn Collection Group has secured historic York property The Dean Court Hotel as it continues to expand its pubs with rooms estate across the north of England. The 40-bedroom site will begin trading immediately under The Inn Collection Group’s flagship ‘Eat, Drink, Sleep and Explore’ trading brand. The undisclosed deal takes The Inn Collection Group’s total site count to 25 and is its fifth Yorkshire venue.
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NewsStaff shortages could lead to menu price rises
Wage inflation of “5% to 10%” could lead to menu price increases, Jonathan Goldstein, CEO of Prezzo owner of Cain International has told The Times. He said that vocational training and allowing in foreign workers who want to work in hospitality is needed to resolve staff shortages. Four of the biggest restaurant chains – including Prezzo – are said to have around 15% of posts currently unfilled, with Hawksmoor similarly affected.
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NewsBeavertown makes move into pubs
Beavertown, the Heineken-backed craft brewer, is to make its debut in the pub sector with the opening of Corner Pin in collaboration with Tottenham Hotspur.
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NewsSelf-isolation guidance relaxed
Those who are double-jabbed and are pinged by the NHS app will no longer be advised to self-isolate from today.
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NewsInvestor interest stokes shares in delivery
Investor interest has been stoked in Just Eat Takeaway.com following the disclosure that a respected American hedge fund boss has acquired a $645m stake in the delivery company.
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NewsRent collection improves during Q2
According to data from Remit Consulting, the collection of rent from commercial property tenants has continued to improve. Remit’s data suggests the ‘leisure sector’ has seen a marked improvement in rent payments during Q2. A quarter of tenants were said to have paid on time and within 21 days of payment due date, 49.5% of rents had been collected. In the March quarter, the equivalent figure stood at 38.4%.
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NewsLivelyhood and Four Hundred Rabbits join operators at Elephant Park
Livelyhood Pubs and sourdough pizza operator Four Hundred Rabbits will join the line up at Elephant Park in Southwark.
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NewsRedCat acquires Coaching Inn Group
RedCat Pub Company, the group led by former Greene King chief executive Rooney Anand, has acquired The Coaching Inn Group.
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NewsHospitality sector drives 40% of Q2 GDP growth
The reopening of indoor dining helped underpin UK GDP growth during Q2 2021. Analysis from UKHospitality shows the hospitality sector was responsible for 40% of total economic growth from Q1 to Q2 2021, with Kate Nicholls calling on the Government for business rate reform and a permanently lowered rate of VAT.
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NewsCorbin & King in legal battle over rent debt
Corbin & King, the operator of The Wolseley, is currently in a legal battle with its landlord STJ Investments over an unpaid rent debt of c.£1 million which has built while the restaurant was closed during Covid-19 lockdowns. The landlord has tried to evict the Wolseley by taking Corbin & King to court and is now claiming that the Wolseley had illegally sublet the premises. Corbin & King says the claim is ‘spurious’.