All MCA Insight articles in December 2019 – Page 5
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Opinion
Analysts’ verdict: Liberum and Peel Hunt on Loungers
Both Liberum and Peel Hunt have upwardly revised their full year estimates for Loungers, following the AIM-listed business’ positive interim statement yesterday (4 December).
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News
Market Taverns acquires The Cleveland Arms
London pub operator Market Taverns has acquired The Cleveland Arms in Paddington for its sixth site.
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News
Summer weather masked localised trading issues at Deltic
The Deltic Group saw a 4.7% hit to like-for-likes for the full year to 23 February 2019, in what it described as a “tough year for the company”.
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Analysis & Insight
Focus on: French casual dining chains
For a country associated with such a long established and fine cuisine tradition, it might be considered a little surprising that French food does not have a stronger restaurant chain presence in the UK, but perhaps the two elements of individual flair and multi-site brand consistency are indeed, polemically opposed.
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News
KFC ads banned over ‘cluck’ row
Two print ads for KFC have been banned after the ASA agreed with complaints that it had substituted the word ‘Cluck’ for ‘Fuck’ during a recent campaign. A poster displayed at bus stops and other locations during September featured the phrase “What the cluck?! £1.99 fill up lunch” while print ads in the Metro and the Sun were identical except one featured the elongated word “cluuuuuck”.
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News
Another Deliveroo ad banned for misleading customers
The ASA has banned a recent Deliveroo TV ad for misleading consumers. The ad showed a woman receiving a Deliveroo order to her home, then handing out meals from various restaurants to her family and friends from a single bag, calling out “Chinese, KFC, Wagamama, Greek salad, Pizza Express, Burger King, Five Guys, Doner, Buon Giorno Italiano, prawn crackers…” before disappearing into the bag.
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News
TripAdvisor’s TheFork acquires Bookatable
TripAdvisor subsidiary, TheFork, has acquired restaurant booking app Bookatable from the Michelin Guide.
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News
Lussmanns to launch first site outside of Hertfordshire
Lussmanns Sustainable Fish and Grill is to open its sixth site in Oxford in Spring 2020.
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Analysis & Insight
Delivery menus 6% more expensive
Average dish prices are 6% higher on delivery menus compared to in-restaurant menus, MCA analysis reveals.
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News
Loungers like-for-likes up 5.4%
Loungers has achieved strong like-for-like sales growth of +5.4% during the 24 weeks to 6 October 2019, with the group on track to open 25 new sites per annum.
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Analysis & Insight
Restaurant spending down 5.2% in November
Spending in bars, pubs and clubs grew by 8.7% year-on-year in November, while restaurant spending declined by 5.2%, Barclaycard data reveals.
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Analysis & Insight
One in four UK hospitality employees worried about advising customers with allergies
Almost a quarter (23%) of hospitality employees are not confident about advising customers with serious allergies, research commissioned by Fourth has found.
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News
Olives & Meze takes Chip Nation site in Soho
Olives and Meze, the Turkish Greek restaurant from Clapham, has secured its second site, in Soho.
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News
Snapshot: Electric Shuffle Canary Wharf in pictures
A look inside Electric Shuffle, Flight Club’s shuffleboard concept.
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News
Sessions Market appoints restaurant director
Sessions Market, the Imbiba-backed food hall operator, has appointed Olivia Reid, formerly of The Salty Room, as restaurant director, MCA understands.
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Analysis & Insight
Will we eat out more than ever in the future?
I was struck by the recent MCA interview with Azzurri Group CEO Steve Holmes, and particularly his concluding comment: “I think if you wind the clock forward, people will eat out more than ever.”
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Analysis & Insight
Delivery platforms increase London turnover by £323m
Third party delivery has led to £323m increase in turnover (+1.4%) across the restaurant industry in London, a joint study by Deloitte and Uber Eats reports.
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News
Inn Collection begins Lakes rollout
The Inn Collection Group has made its Lake District debut with the opening of a 30-bed pub with rooms in Ambleside.
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News
Chilli Pickle bought out of administration
Brighton-based restaurant business The Chilli Pickle has been bought out of administration by its founder Alan and Dawn Sperring, its landlord, My Hotel founder Andreas Thrasyvoulou and a consortium of investors, MCA’s sister title BigHospitality has reported.
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News
Burger King UK increases company owned portfolio to 100 restaurants
Burger King UK Group has purchased eight new locations, increasing the company owned portfolio to 100.