All MCA Insight articles in August 2021 – Page 7
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NewsArc Inspirations restarts growth plans
Arc Inspirations has resumed its expansion plans with two new openings announced for the northern bar operator, including its first in the Midlands.
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NewsStaycation boom aiding restaurant recovery
Restaurants have been one of the beneficiaries of the increased number of Brits opting for a staycation this summer, with +30% average growth in spend each month during the first half of 2021, according to new data from Cardlytics.
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NewsPopeyes adds to senior team
Popeyes UK has appointed former Grind people & culture director Lucy Craig.
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NewsScotland to move beyond level 0, but some measures to remain
Scotland is to move beyond level 0 on 9 August with the legal requirement for physical distancing and limits on gatherings scrapped, however some protective measures will remain in place.
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OpinionThe hospitality industry’s road to recovery
The hospitality sector has been incredibly hard hit by the pandemic, wiping out £80.8bn of sales between April 2020 – March 2021.
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InterviewsGreggs: ‘We see delivery sales going north for a long time yet’
Greggs is confident that it can keep growing its delivery business and is expecting to see “sales going north for a long time yet”, chief executive Roger Whiteside told MCA.
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NewsDomino’s: Collection and store openings to drive future growth
Domino’s has given more details on its strategic, operational and financial performance following the release of its first half results. While giving an update on the execution of its strategy the importance of driving its collection business was highlighted, something Domino’s sees as providing an incremental growth opportunity. Store openings will continue to be supported by changed franchisee incentives.
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InterviewsByron: Building back better
Simon Wilkinson pauses, briefly; thinking carefully about his next answer. The Byron CEO is reflecting on what has been a particularly strenuous year and a half, involving administration, a pre-pack deal, and the closure of more than half the group’s estate. The question: ‘Did he ever fear this was the end for the better burger brand?’
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NewsIndividual Restaurants announce closures
Individual Restaurants has announced it is to close four sites within its 28-strong estate.
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NewsApp changes will ‘alleviate pressure’ on staffing
Changes have been made to the NHS COVID-19 App which will result in fewer contacts being advised to self-isolate following a close contact with a positive case.
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NewsOne in 10 hospitality venues closed due to ‘pingdemic’
One in 10 venues represented by UKHospitality have been forced to close their doors over the past month due to the impact of the pingdemic, chief executive Kate Nicholls has said.
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NewsDomino’s ‘strong’ first half sales supported by VAT cut
Domino’s has delivered a “strong” performance for the first half of 2021, aided by reduced VAT, the Euros, an increase in orders and the chain’s own marketing activity. In the 26 weeks to 27 June 2021, UK and Ireland system sales grew 19.6% to £752.3m. Like-for-like system sales, excluding splits were up 19.3% (18.4% including splits). The chain warned that second half growth would be lower due to scheduled VAT increases.
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NewsGreggs recovery ‘stronger than anticipated’
Greggs’ half year sales for 2021 were narrowly shy of those of 2019, reaching £546.2m.
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NewsTriSpan acquires majority stake in Pho; new MD appointed
TriSpan has acquired a significant majority stake in Vietnamese restaurant chain Pho, for an undisclosed sum.
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NewsKFC, Pizza Hut and Taco Bell see sales recover
Yum! Brands – owner of KFC, Pizza Hut and Taco Bell - has reported strong Q2 growth, with KFC UK’s system sales rising 248% compared with the previous year, when many of its stores were shut due to the pandemic.
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Analysis & InsightMajority of consumers have returned to hospitality since July 19
CGA research indicates that 56% of consumers have returned to restaurants, pubs and bars since 19 July, although a continued focus on social distancing measures in venues is keeping sales below pre-Covid levels. In total, around three quarters (73%) of consumers have returned to the out-of-home market since venues could reopen in April.
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NewsDomino’s non-exec steps down
Domino’s Pizza Group non-executive director Kevin Higgins is to step down from the board.
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NewsHeavenly Desserts signs international franchisees
High-end dessert parlour Heavenly Desserts is pushing ahead with its international growth plan having signed master franchisees in four overseas territories and with recruitment about to start in the US, managing director Yousif Aslam has told MCA.
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NewsChapel Down announces CEO succession plan
Chapel Down has announced that CEO Frazer Thompson will be stepping in September 2021, with Andrew Carter, current managing director at Chase Distillery to take up his role.
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NewsShepherd Neame ‘back on the path to recovery’
Shepherd Neame has reported an encouraging resumption of trade, generating cash and profits ahead of expectation.