All Costa articles – Page 8
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Analysis & InsightThat was the year that was in M&A
This year has been far from the barren 12 months many predicted for sector M&A activity. Strong businesses with good management teams have continued to generate significant interest, especially in the drinks-led sector. AlixPartners’ Graeme Smith reflects on the major deals and themes that emerged.
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Analysis & InsightUK drives European coffee market growth
The UK is leading expansion in the European branded coffee shop market, with 6.1% year on year growth to reach a total of 7,934 sites in 2018, Allegra analysis reveals.
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NewsTRG Concessions triple launch at Norwich Airport
TRG Concessions is launching two new Costa Coffee cafes and a Navigator pub at Norwich Airport.
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NewsFormer EAT CEO joins Le Pain
Adrian Johnson, the former chief executive of EAT and ex-managing director of Patisserie Valerie, has joined Le Pain Quotidien.
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Analysis & InsightFood to go outperforms wider eating out market
Food to go is outperforming the total eating out market, with year on year growth in visit frequency of 2.4%, against a drop of 0.5% in the wider market, MCA analysis reveals.
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NewsUrban Fresh signs up for Lakeside Triangle
Urban Fresh, the two-strong burger and fries concept, is opening a third site, in Doncaster’s Lakeside Triangle development.
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Analysis & InsightNever want to get cosy
There is an addiction to providing genuine hospitality that runs right through the continuing success of café/bar concept Loungers, that makes sure it continues to generate standout year-on-year performance. A laser-like focus on providing value-for-money, authentic community engagement and a “home-from-home” proposition, have become key calling cards for the Nick Collins-led business, but with talk of a possible IPO resurfacing, what will the City make of this regional success story, asks Mark Wingett.
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NewsCosta Coffee launches reusable contactless payment cup
Costa Coffee has partnered with Barclaycard to launch a reusable contactless payment cup.
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NewsWhitbread appoints GK’s Patel in FD role
Hemant Patel, the former finance director for Greene King’s Pub Company, has been appointed finance director for Premier Inn & Restaurants at Whitbread.
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Analysis & Insight
Sector sagas keep us all guessing
Dominic Walsh reflects on an action-packed few weeks in the sector, which has seen big deals, high-profile resignations and further twists in the Patisserie Valerie saga.
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NewsGoldex sells 14 Costa franchise sites to AM Coffee Holdings
Goldex Investments Limited has sold 14 of its 60 Costa Coffee franchise site to AM Coffee Holdings, in a multi-million pound deal.
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News
Attwood takes up Coco di Mama MD role
Jim Attwood, formerly of Costa, has formerly joined Coco di Mama, the Azzurri Group-backed, quick-service Italian concept, as its new managing director.
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NewsDacosta confirms details of paella concept launch
Quique Dacosta, the three Michelin-star Spanish chef, has revealed his new rice-focused concept will be called Arroz QD, and will open in Eastcastle Street, Fitzrovia in early 2019.
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NewsWhitbread to retain Pure
Whitbread has reiterated that its key focus will be on hotels following the sale of Costa Coffee to Coca-Cola, though said it would retain its 49% investment in Pure, the healthy-eating grab and go concept.
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NewsAnalysts corner: Goodbody on Whitbread
Goodbody analysts have set out their view on the prospects for Whitbread, post the divestment of Costa, suggesting that it opens the door for value creation.
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OpinionA crescendo of coffee
Following a successful fundraise on Crowdcube this summer, coffee shop and wine bar Notes is looking to double its estate over the next two years. Georgi Gyton finds out more about its growth plans, which include a move into travel hubs, starting with train stations
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Analysis & Insight
In other news
Whilst last week’s news was dominated by the fast-moving story at Patisserie Holdings, the last month has shone a light on a number of other companies in the sector, which are faced with their own issues and questions about their future. Mark Wingett gives his thoughts on the Coaching Inn Group; TGI Fridays; Five Guys; The Restaurant Group (TRG); and Gordon Ramsay.
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NewsMcGowan departs TRG in restructure
The Restaurant Group has confirmed to MCA that Murray McGowan has left his role as managing director of its Leisure division.
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NewsWhitbread shareholders vote in favour of Costa sale
Whitbread shareholders have overwhelmingly approved the sale of its Costa Coffee arm to Coca-Cola for £3.9bn.
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Opinion
Translating digital dreams into operational reality
Much of the innovation at the top end of the sector in recent years has been focussed on or driven by technology, but large swathes of the industry still remain relatively untouched by this digital revolution. Simon Stenning assesses the areas in which technology can have a tangible impact for operators, including the rapid development of electric cars.