All MCA Insight articles in August 2022 – Page 5
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Analysis & Insight
Kentucky Fried Crisis: How surging chicken costs hit Nando’s and KFC
The rising cost of chicken is turning customers away, while farmers are leaving their sheds empty, The Sunday Times reports
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News
Staff dig in to keep working from home
UK workers are now going into the office less than 1½ days per week. Some bosses are losing patience, The Sunday Times reports
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News
Ministers plan energy crisis bailout for smaller businesses
Proposals come as ex-Ofgem boss urges more help for poor, The Sunday Times reports
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News
In pictures: Ivy Asia’s new interior design
The Ivy Asia restaurant chain is getting creative with lighting, to complement its luxury dining experience venues
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News
Individual Restaurants reports loss in 2021
The operator of the Piccolino, Riva Blue, and Restaurant Bar & Grill brands reported a loss of £8.2m for the financial year ending 27 March 2022
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News
Crepeaffaire to launch Crepe & Roll concept in Primark
The new concept, featuring a range of hand-rolled crepes, will launch on 22 September at the retailer’s Kingston store
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Opinion
Peter Martin: Marketing in a recession – yes, it’s a good idea
With a recession looming, now is the time to stay close to your customers – not one to cut off lines of communication, writes MCA’s contributing editor Peter Martin
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News
Ego Restaurants makes ‘significant progress’
3Sixty Restaurants, which operates the Ego JV with Mitchells & Butlers, reported profit for the year to March 2022 of £3.8m, compared to a loss of £842k in 2021
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News
Just Eat to dispose of iFood stake
The delivery company has announced it has entered into an agreement to sell its equity stake of around 33% in the iFood joint venture to Prosus, for a cash consideration of up to €1.8bn.
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News
Greene King makes apprentice pledge
The pub operator and brewer has committed to taking on 5,000 new apprentices by 2025.
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Analysis & Insight
Consumer confidence hits all-time low
The measure for overall UK consumer confidence fell to -44 this month, compared to -8 this time last year, in GfK’s Consumer Confidence Index - the lowest since records began in 1974.
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News
The Alchemist sees sales treble
The Palatine-backed operator achieved a “very strong financial performance” in FY2021/22, with profit before tax of £2.35m, compared to a loss of £5.5m in 2021
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News
Openings of the week
MCA rounds up this week’s biggest openings, featuring new restaurants from Taco Bell, Shoryu Ramen, Comptoir Group, and more
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News
Bob Bob Ricard secures 'seven-figure sum' for expansion
The luxury London restaurant business has obtained additional growth capital funding from alternative lender ThinCats
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Interviews
Brakspear: ‘We are back in survival mode’
The 120-strong pub operator may still be seeing good levels of trade, but the focus now is on keeping costs in check in order to ride out the storm of cost pressures, CEO Tom Davies has told MCA
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News
Döner Shack appoints global franchise director
Nil Naik joins the senior team at the Berlin-inspired street food concept which has plans to open 150 restaurants in the UK and expand globally
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Analysis & Insight
Fancy a pint… down the metaverse?
The metaverse – aka the next generation of the internet – could become your customers’ new local, Greg Hull, global head of hospitality & leisure at Attensi suggests
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News
NTIA: Inflation puts one in five businesses at risk
With inflation in July at 10.1%, one in five businesses are not confident they will survive the next 12 months, according to the Night Time Industries Association
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News
Wendy’s to launch ‘next gen’ restaurants
The global burger chain has announced it will be rolling out a ‘global next gen’ restaurant design as standard, with the first new look site due to open in 2023.
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News
Dimbleby calls for reduction in meat intake
Food tsar and Leon co-founder Henry Dimbleby has said the only way towards sustainable land use is a 30% reduction in meat consumption