All MCA Insight articles in August 2022 – Page 11
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NewsRecession looms as inflation set to soar further
Inflation is predicted to hit 11% by the end of the year, combined with consecutive contractions in the economy each quarter
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NewsJust Eat reports 7% growth in revenue
The delivery service announced enhanced profitability and revenue growth in H1 2022, despite a post-pandemic decline in gross transaction value
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NewsCaprice Holdings appoints head of marketing
Simon Allison takes up the role following a year-long stint as head of marketing at Bill’s Restaurants, meanwhile Pedro Nunes has been promoted to ops director at The Ivy Collection
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NewsCafé Wolseley forced to close
The Wolseley Hospitality Group has announced it is having to close its Café Wolseley site at Bicester Village later this month, against its wishes.
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NewsGreggs to increase focus on customisation
The food to go retailer is to begin trialling customisable baguettes as it looks to expand its offer of flexible menu options for those customers using its digital channels
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NewsInquest begins into death of Pret customer
Pret A Manger has already been found ‘not guilty’ of the death of Celia Marsh in 2017, with inquest proceedings beginning this week
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NewsTortilla launches loyalty scheme
Members of the Tortilla Club can earn stamps and redeem rewards, including a free main of their choice one they have collected nine stamps.
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NewsComptoir CEO and chair step down
Chaker Hanna and Richard Kleiner have stepped down from their roles as CEO and chair, with immediate effect. It follows calls from Comptoir founder and creative director Tony Kitous for the pair to resign.
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NewsHarts Group reports “satisfactory” year
The London-based restaurant group has reported profit before tax of £331k for the year to 31 July 2021, on the back of a losses in 2020.
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NewsGDK appoints sustainability and procurement lead
The fast-casual brand has named Deon Pillay as its new chief procurement and sustainability officer, as it looks to expand with a further 106 restaurants globally this year
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InterviewsTaco Bell: ‘We’ve massively accelerated our growth’
The QSR brand is just about to open its 100th site in the UK and believes it’s only on “the ground floor” in terms of opportunities, Gino Casciani, general manager for Taco Bell UK & Europe, tells MCA
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NewsVAT and inflation drag on Domino’s
Underlying profit before tax was £50.9m during the first half, down £9.9m, with the full impact of cost inflation not expected to be seen until the second half
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NewsRevolution Bars Group ‘in great shape’
The business reported full year like-for-like sales growth of 1.3% across its 56 English bars, in line with expectations
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NewsPCA signals reset to meet future challenges
The strategy will help tied tenants meet the “serious challenges facing the pub trade, and promote the health of the industry as a whole”
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NewsThe Vurger Co secures high profile investor
The vegan burger restaurant operator has secured investment from ForGood – a consultancy launched by AS Roma centre-back Chris Smalling.
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NewsGreggs to open 150 stores in 2022
Despite strong sales growth, the bakery’s profits for the half year were flat, due to the re-introduction of business rates, increase in VAT and higher levels of cost inflation
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NewsGreggs appoints former Tesco UK chief as chair
A widely experienced retailer, during his executive career Matt Davies has held CEO positions at Tesco UK & Ireland, Pets at Home, and Halfords
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NewsPlans for 24-hour Greggs rejected
The food to go retailer has been refused permission to open its new Leicester Square site around the clock over fears of antisocial behaviour.
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NewsKFC warns of further chicken shortages
The fast food chain has been forced to pause its WOW Tuesday offer due to shortages of chicken on the bone, with beans and Pepsi Max cans also in short supply, it has been reported.
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NewsHub Box reduced losses in 2021
The South West-based burger chain said company EBITDA of £1.5m represented its “best ever financial year” and is exploring different funding streams for future growth