All MCA Insight articles in August 2023 – Page 2
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NewsEmilia’s Crafted Pasta eyes central London for expansion
After announcing plans to open a fourth site on Baker Street later this year, CEO Andrew Macleod tells MCA how the premium pasta group is looking to expand deeper into the heart of central London, and his ambition to take Emilia’s “to the next level”
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NewsHospitality inflation rate rises to 9.6%
The annual inflation rate for restaurants and hotels increased slightly from 9.5% in June, making the largest upward contribution to CPI
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NewsHospitality vacancies fall for fourth month in a row
There are 124,000 current vacancies in accommodation and food service activities, according to the Office for National Statistics
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InterviewsMiss Millie’s: ‘Our target is 100 stores in five years’
The Southwest-based fried chicken concept will have a 25-strong estate by next year and is pushing ahead with expansion in forecourts, CEO Carl Traill tells MCA
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NewsCard transactions up 10% year-on-year
Three in five business leaders in the UK forecast increases in revenue over the next 12 months, according to payment technology provider Dojo
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InterviewsWoodhead Restaurant Group takes organic approach to growth
Fresh off its latest opening - 64 Goodge Street in Fitzrovia - the group may open further neighbourhood restaurants in the future, co-owners Will Lander and Daniel Morgenthau tell MCA
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NewsChoppaluna: We see an appetite in Europe
The healthy restaurant chain plans to open five restaurants in total this year and is eyeing expansion in the international market, co-founder and CEO Nikras Agha tells MCA
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NewsThird of consumers going out less
More than one-third (34.9%) of people have reduced the number of times they go out due to inflation, according to data collected by Rekom UK
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NewsDeliveroo looking to build ‘durable’ customer value proposition
The strategy for UKI is to improve value perception according to CEO Will Shu, who sees a ‘lot of growth’ ahead for the delivery industry
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NewsInn Collection Group: You’ve got to adapt to thrive
With like-for-like sales 15% up in July, being able to thrive in a difficult environment is testament to the group’s “evolve and adapt” strategy, MD Sean Donkin tells MCA
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InterviewsMacellaio looks to venture North
Founder Roberto Costa tells MCA the Italian steak restaurant group is looking at further opportunities in Manchester as well as London, while focusing on new launch Fish Game
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NewsTonkotsu: 'We’re never sitting still'
Maintaining steady growth with a sharp focus on delivering great quality food has been crucial for the restaurant brand, co-founder Emma Reynolds tells MCA.
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Analysis & InsightHospitality accounts for 10% of UK administrations in 2023
A total of 759 businesses – 79 of which came from the hospitality industry – filed for administration between 1 January and 30 June 2023, according to law firm Shakespeare Martineau
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InterviewsHawksmoor: ‘We want to make sure we trade our socks off’
The steak restaurant group has seen both covers and spend in growth this year - with 8,600 steaks sold as a result of its £15 deal - and is actively looking at the US for further expansion opportunities, CEO Will Beckett tells MCA
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NewsArcade: 'There are exciting plans in the pipeline'
Food hall concept Arcade is focusing on its existing Centre Point and Battersea food halls but has some exciting plans in the pipeline, COO Cokey Sulkin tells MCA
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NewsSummer spending boosts pub and bar sector
Bars, pubs and clubs have seen spending growth of 7.6% in July, while restaurants showed improvement but remain in decline, according to Barclays
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News100 nightclubs lost in past year
Data indicates a 31% loss of nightclubs between June 2020 and June 2023, with a 12% decline in the last 12 months alone, according to the NTIA
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NewsTop restaurant groups multiply profits by twelve
Top restaurant groups increased their profits to £241.8m in March 2023 compared to £19.9m in September 2022, according to research by UHY Hacker Young
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InterviewsLiberation Group looking for ‘coherent strategy’ from government
The pub operator and brewer is eager for stability and a strategy that “allows businesses to actually plan,” CEO Jonathan Lawson tells MCA
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NewsMenu prices increase by +14.4%
Lumina Intelligence’s latest Menu Tracker notes that chain restaurants are adding more expensive dishes to menus to drive spend.
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