All MCA Insight articles in August 2022 – Page 2
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News
Trade bodies warn of imminent business collapse
UKHospitality and the British Institute of Innkeeping have predicted widespread business failure without urgent government support for rising energy costs
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News
Boparan appoints new CFO
David Sayer joins the restaurant group from Magnum Brands Group as it continues its rapid expansion of the Slim Chickens franchise
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News
JDW promises to keep pubs open
JD Wetherspoon has promised it will keep its 851 pubs and 57 hotels trading at their normal openings, despite the impact of rising energy prices
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News
Fulham Shore reports resilient trading
The operator of Franco Manca and The Real Greek has announced trading remains resilient, with 18 restaurants set to open within the financial year
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Analysis & Insight
Major cities showing negative sales versus 2019
Only half of Britain’s 10 biggest city centres are experiencing growth in out-of-home food and drink sales, with London still lagging at the bottom of the table, in CGA and Wireless Social’s latest Top Cities report
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Interviews
Hawksmoor: ‘It’s about world class restaurants in world class cities’
The restaurant group is eyeing major US cities as part of plans to open one site every six months, CEO Will Beckett tells MCA
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Analysis & Insight
Three course meal to reach £85 by 2025
The average price of a three-course meal will increase by £30 over the next three years – excluding drinks, according to analysis from pensions group Penfold.
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Interviews
Thorley Taverns: ‘We have to get through today’
Favourable weather has contributed to a strong summer for Kent pub operator, but the looming threat of high energy prices is a major cause of concern, operations director Philip Thorley told MCA.
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Analysis & Insight
Inflation forecast to peak at 22.4%
UK inflation will soar beyond previous predictions of 18.6% if Ofgem raises its energy price cap by a further 80% in January, according to Goldman Sachs
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Analysis & Insight
Restaurant spend increases over bank holiday weekend
Restaurants benefited from an 8.32% rise in transactions between 27-29 August as compared to 2021, according to Barclaycard
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News
Costa expands partnership with Butlin’s
The coffee chain will open new stores within Butlin’s resorts as part of a five-year contract
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News
WatchHouse to debut in New York
The speciality coffee business recently opened its tenth site in Mayfair, with plans to open a further six, in Notting Hill, Marylebone, Marble Arch, Covent Garden, Fenchurch Street and Bath
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Interviews
Chipotle: ‘University towns will be a big play for us’
Chief development officer Tabassum Zalotrawala speaks to MCA about increasing brand awareness in the UK and expanding on an ambitious growth strategy
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Analysis & Insight
High street closures fall to seven-year low
There has been a significant drop in the numbers of high street chain stores closing, with restaurants seeing net growth, according to new data from PwC.
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News
In pictures: Riviera inspired design at new M Canary Wharf
Rare Restaurants will open its third M restaurant next week, at Newfoundland in Canary Wharf.
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News
Warning of recession until 2024
Britain will go into recession before the end of the year, with the economy to contract throughout next year, Goldman Sachs has warned.
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News
Pubs at risk from ‘serious irreversible’ damage
Representatives from the board of the BBPA, including Greene King and Admiral Taverns, have signed an open letter to government, calling for urgent support to help tackle soaring energy costs
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News
Small businesses owed £23,000 in late payments amid soaring energy bills
The Federation of Small Businesses said many small firms could be forced to shut down, the Evening Standard reports
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News
London office sales surge as remote working boom ends
Companies signed 153% more deals than last year for office space in the capital, a sign that footfall is picking up, the Telegraph reports
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News
Energy bills mean pubs have tough choices
The Times examines the impact of rising energy bills and inflation on various sectors, including hospitality, businesses, and schools