All MCA Insight articles in December 2020 – Page 4
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NewsBusaba CFO departs
Busaba chief financial officer Marc Whitehead is stepping down from the Thai restaurant brand after three years. Whitehead helped Busaba through a sales process and earlier this year and a CVA. He is currently working to hand over to Michael Linden, formerly of Pizza Express, who joined the business this ...
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NewsSessions launches start-up accelerator
Food hall business Sessions Market has launched a new accelerator platform aimed at reinvigorating the hospitality sector in the wake of the coronavirus crisis.
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NewsDoorDash valued at $60bn after IPO
DoorDash, the US food delivery platform, reached a market value of $60bn in its public trading debut, after a strong performance during the pandemic. Shares in DoorDash closed at $189.51 on Wednesday, 86% above the price of their initial public offering. Tony Xu, CEO of DoorDash, whose stake is now ...
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NewsMarston’s reports statutory loss of £397m
Marston’s made a total loss of £397.1m in 2020 following the closure of its pub estate for 15 weeks.
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NewsWasabi founder brings udon chain to London
Kineya Mugimaru, the Japanese noodle restaurant chain that has 500 sites across Japan, Hong Kong and the US, is making its European debut in London this month.
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NewsDeliveroo ‘now profitable at operating level’
The coronavirus pandemic has accelerated consumer adoption of food delivery services by two to three years, Deliveroo CEO Will Shu has said.
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NewsCafé de Nata opening in Camden
Café de Nata has strengthened its presence in London, as it seeks to become the go-to brand in the UK for Portuguese custard tarts.
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OpinionKate Nicholls: It is Time to Recover and Renew
Imagine if we lived in ‘normal’ times, right now you might be looking forward to a trip to the theatre to see a star-studded pantomime or to the cinema to see the latest festive blockbuster. Perhaps you’d venture into a pub or restaurant or even book an overnight stay in town. Cultural experiences like these are closely associated with Christmas for millions of people.
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OpinionPoppleston Allen: If music be the food of love, play on
There has recently been much discussion - some serious and some tongue in cheek - about the merits of eating a scotch egg as a midday or main evening table meal, and if one Scotch egg isn’t enough to constitute it being the main meal would two suffice? Does there ...
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InterviewsEnd of lockdown 2 has ‘limited spark’ and ‘different feel’ to lockdown 1
Hospitality’s second reopening weekend, marked by notably low footfall and cautious consumer behaviour, has had a “different feel and sentiment about it to that of lockdown 1,” UK Hospitality CEO Kate Nicholls has said.
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NewsCooplands secures £7.7m BGF funding to fuel expansion
South Yorkshire-based bakery chain Cooplands is set for growth after receiving £7.7m in funding from the Business Growth Fund (BGF).
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NewsVaccine card could ‘unlock lives and economy,’ says minister
People who have received the coronavirus vaccine will be given a card to “unlock” their lives and the economy, foreign office minister James Cleverly has said.
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NewsRoux at Parliament Square announces permanent closure
Roux at Parliament Square – the RA Group-owned restaurant in London’s Westminster – has been forced to close permanently because of the coronavirus pandemic.
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NewsBirmingham judicial review postponed
Birmingham restaurant owner Sam Morgan has postponed plans to launch a legal challenge against the government’s tier 3 restrictions.
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NewsWalkers to use beer fermentation to slash CO2
Walkers crisps will capture CO2 from beer fermentation in order to slash emissions from its manufacturing process by 70%.
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NewsTattu, Boxpark, BrewDog make Fast Track 100
Chinese restaurant chain Tattu was the high highest-ranking hospitality business in the Sunday Times Fast Track 100.
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NewsCrown Estate counts of costs of CVAs
The Crown Estate is counting the costs of a series of company insolvencies and CVAs that have affected its estate.
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NewsHospitality spend to fall by a third this Christmas
Consumers are forecast to spend 10% more on presents and other items this Christmas, but the hospitality and entertainment is expected to lose out.
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NewsNando’s raises £100m in new equity
Nando’s has raised £100m in new equity from its parent company to strengthens its balance sheet during the pandemic.
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NewsRoss swaps Greggs for Whitbread
Greggs head of category David Ross has left the bakery retailer to join Whitbread as head of commercial - restaurants.