All MCA Insight articles in August 2022 – Page 6
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Opinion
Dominic Walsh: Busting out of the boardroom
With the vast majority of boardroom bust-ups remaining private, it was a surprise to hear, very publicly, of the evident feud at Comptoir Group, writes Dominic Walsh
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Analysis & Insight
Late night sector bears brunt of venue closures
The number of nightclubs decreased by 9.1% over the 12 months to June 2022, while the overall number of hospitality sites has remained flat
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Interviews
Dirty Martini: ‘Bookings are back with a bang’
Sales at the group were up 7.1% on 2019 levels, in the first six months of this year, but the flowthrough of cost increases is significant, Scott Matthews, CEO of CG Restaurants & Bars tells MCA
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News
Cornish Bakery to make Scottish debut
The bakery chain will mark a national debut with an opening in Scotland this year and plans to open eight locations in the UK within 12 months
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Interviews
Sticks’n’Sushi: ‘What we do, we do well’
CEO Andreas Karlsson speaks to MCA about expansion, as well as navigating a pandemic and economic crisis by maintaining the quality of the offer
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News
Soho House increases members
The private members club increased its UK membership by 20% in the last year from 45,277 to 54,764
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News
Fairgame secures £5m to fund expansion
The new competitive socialising concept has secured a £5m investment to fund expansion, with its first opening in Canary Wharf this September
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News
Inflation hits 10.1% in new 40-year high
In another record-breaking high, the consumer price index rose from 9.4% in June to 10.1% in July, according to the Office for National Statistics
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News
Patty & Bun reduces losses in 2021
The burger brand has appointed former itsu CEO and Pret franchise director Gerard Loughran as a non-executive director
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News
Nightcap agrees new debt refinancing facility
The owner of the Adventure Bar Group, Barrio Familia, and The Cocktail Club has agreed a £10m facility with HSBC, partly to be used for capex on new sites
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News
Hostmore appoints non-executive director
The operator of the Fridays and 63rd+1st brands has appointed Stephen Welker as non-executive director
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Analysis & Insight
Menu prices to increase by 6% within 12 months
Menu prices will continue to increase as hospitality leaders struggle to cover rising costs, according to the Business Confidence Survey by CGA and Fourth
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Interviews
Blank Street Coffee: ‘We will bridge the gap between quality and cost’
The NYC-born coffee brand is focused on London expansion and aims to open 24 UK stores this year, MD Ignacio Llado Alvarez-Salas tells MCA
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News
International café Filli negotiating on further London sites
In addition to expansion in the capital, the Indian street food and chai cafe has just signed the lease on a site in Leicester, MD and head of UK franchise Peter Davies told MCA
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News
William Reed launches new event focusing on omnichannel opportunity
Combining the cross-market expertise of MCA, BigHospitality and The Grocer, the new conference will explore diversification beyond bricks and mortar restaurants and into new sales channels
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News
Vacancies up by 103% since pandemic
Between May and June, vacancies in foodservice and accommodation increasd by 88,000 or 103.1% since pre-covid levels, according to the ONS
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Interviews
St Austell: ‘We want to unleash the potential of the business’
CEO Kevin Georgel speaks to MCA about strengthening the senior team to support the brand’s evolution towards a more customer-led, experiential business
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News
New CFO at McDonald’s UK&I
Mark Kiernan was previously VP finance, business strategy and insight since March 2020, and replaces John Park, who is now chief transformation officer
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News
Itsu partners with McDonald’s former largest franchisee
Atul Pathak will open the “first of many” franchise site with Itsu, next to Wembley Stadium, later this autumn
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Opinion
David Read: Rethinking cost paradigms
How we measure costs impacts outcomes more than we think, suggests David Read, founder and chairman, Prestige Purchasing