All MCA Insight articles in August 2022 – Page 8
-
News
Stephen Kenee to leave Oakman
Oakman founder and executive chairman Peter Borg-Neal said Kenee had made “huge contribution” to the business during this three-year tenure
-
News
Döner Shack to make London debut
The Berlin-inspired kebab concept will debut in Baker Street this autumn, the first of four openings planned over the next six months
-
News
St Austell strengthens leadership team
The pub operator has promoted Andrew Turner to COO and appointed Paul Harbottle as commercial director alongside its first acquisition in two years
-
News
McDonald’s to reopen Ukraine restaurants
The QSR chain closed all its restaurants in Ukraine and Russia in March, following Moscow’s invasion of the eastern European country
-
Analysis & Insight
Heatwaves impacts footfall
Springboard also reported a north-south divide is emerging in terms of the recovery in footfall, indicating the impact of the proportionately greater burden of inflation that is being felt in the North
-
News
Soho Coffee launches new format
The business has launched Soho Piccolo – the first of its smaller format units – at Northampton Train Station, and sees opportunities for growth within travel hubs
-
News
Sunak vows to cut rates as PM
The former chancellor committed to extending the current 50% reduction in his first Budget as Prime Minister, saying that small retailers are the “beating hearts of all our communities”
-
News
NTIA calls for intervention over insurance premiums
The industry association has warned escalating premium costs are rising to unsustainable levels
-
News
Wendy’s rolls back on UK growth targets
Wendy’s is now expecting to have 35 UK restaurants open by the end of 2022 – down from the 50 to 60 previously spoken about – but is still bullish about the market.
-
News
BII calls for government support amidst energy crisis
The British Institute of Innkeeping has requested urgent support for independent pubs to deal with soaring energy bills
-
News
Sticks’n’Sushi announces 10th restaurant opening
The Danish-owned Japanese concept will bring its estate to 10 restaurants in UK with a new opening in Westfield London this year
-
News
JKS to open Arcade at Battersea Power Station
The Sethi siblings-led group has confirmed it will launch a second London site for its food hall concept next year, showcasing a range of global cuisines
-
Analysis & Insight
New property instructions ‘well ahead’
Christie & Co reports operators are re-evaluating their estates and looking to sell in a strong market - before the full impact of cost pressures arrives in the second half of 2022.
-
News
Artfarm acquires The Groucho Club
The Soho private members club joins the Fife Arms in Braemar, Roth Bar & Grill in Somerset, Manuela in Los Angeles and Audley Public House and Mount St. in Mayfair, as part of the Artfarm portfolio
-
News
Bone Daddies secures new loan facilities
The operator of the Bone Daddies ramen chain and Flesh & Buns will fund new capex with Investec loan facilities secured in June
-
News
Indian street food concept Filli planning UK expansion
Filli – a chai and Indian street food business based in the UAE – is due to open a café in London later this month, and is planning 10 more UK sites in the next two years
-
Analysis & Insight
Consumer confidence saw boost last month
The two-point increase seen in July was the first rise on the index compiled by YouGov and the Centre for Economics and Business Research since November 2021
-
News
Deliveroo growth slows amidst headwinds
The delivery company reported gross transaction value up by 8% in the UK and Ireland but a slowdown in growth in the second quarter, in its half year update
-
News
Lord Wolfson steps down from Deliveroo board
The former CEO of Next was appointed as a non-executive director in January 2021 and had also joined the remuneration committee at the delivery company
-
Analysis & Insight
Utility bills triple for operators
Pubs, restaurants and bars are in deeper trouble now than during the pandemic, Sacha Lord, the Night Time Economy Advisor for Greater Manchester, has warned