All MCA Insight articles in December 2021 – Page 2
-
News
Another 400-plus pubs permanently shuttered
Despite the fall in numbers this year, the rate of decline has remained relatively static in recent years despite the impact of the pandemic, according to new research from real estate adviser Altus Group.
-
News
Deliveroo continues expansion of Editions
Deliveroo has opened a trio of ‘dark kitchens’ in Acton, Brent and Dulwich, as it looks to rollout more sites across the country
-
News
Arc Inspirations sees Q2 revenue up 42%
The bar group experienced a 42% uplift in sales between July and November this year, versus 2019, and says it is on track to post record revenue and profit in FY2022
-
News
NWTC seeing many opportunities to build pipeline
New World Trading Company, which has been trading ’ahead of expectations’, expects to open between five and eight sites annually from 2022.
-
News
Wales sets limits on hospitality from Boxing Day
Wales is to bring back the rule of six in pubs and restaurants as it tightens restrictions from Boxing Day.
-
News
The Alchemist on ‘very sound financial footing’
While sales were down almost £30m for the year to 31 March 2021, a combination of refinancing, strong sales and additional equity has meant The Alchemist is in a solid position
-
Interviews
Nick Taplin on rolling out brand Marco
Black & White Hospitality has just opened its most ambitious site to date – a 600-cover ‘steak, pizza and gin house’ on London’s Leicester Square. And it’s not stopping there.
-
News
‘It doesn’t even cover the cost of our Christmas decorations’
The Chancellor’s additional support measures have been described as a ‘sticking plaster’ for the sector after some operators have lost hundreds of thousands of pounds’ revenue per venue in the weeks leading up to Christmas.
-
News
New Covid measures ‘the final straw’ for Scottish venues
First Minister Nicola Sturgeon announced new rules would come into force on 27 December, including the reintroduction of table service
-
News
Self-isolation period cut for the double-jabbed
Provided two lateral flow tests have been produced on day six and seven, the double-jabbed can stop self-isolating. The news came as Boris Johnson ruled out further Covid restrictions before Christmas.
-
Analysis & Insight
Menus remain smaller than pre-pandemic
Menu options have shrunk by 18% as operators look to minimise disruption to kitchens and consumers amid supply challenges, according to Lumina
-
News
Government announces extra financial support for hospitality
Hospitality businesses in England will be eligible for one-off grants of up to £6,000 per premises, Chancellor Rishi Sunak announced
-
News
‘Footfall has declined on every West End street’
Italian restaurant operator Caffé Concerto has noticed a 20-30% reduction in footfall following government advice around Omicron
-
News
Welsh business rates relief welcomed
Hospitality businesses in Wales are to benefit from a 50% reduction in business rates, but additional support is critical, warns UKHospitality Cymru.
-
News
BrewDog to ‘draw line’ under toxic workplace claims
Following the completion of a review into its working culture, the Scottish brewer and pub operator admitted it had made mistakes and needed to address them
-
News
Shepherd Neame to offer new year rent reduction
The family brewer and pub operator has announced it will be introducing a 10% rent reduction for its licensees from 1 January 2022.
-
News
Sales dropped 40% last weekend
More than half of hospitality venues saw sales fall by +40% last weekend as consumers deserted pubs and restaurants in the run up to Christmas.
-
News
Third of late-night venues fear new year closure
On average, late night venues have lost around £46k per unit in lost sales and cancellations so far over the festive period, according to a new poll by the Night Time Industries Association.
-
Analysis & Insight
Delivery occasions saw November peak
Storm Arwen, Black Friday deals and rising Covid cases helped fuel a rise in foodservice deliveries last month, new Lumina research has found.
-
Analysis & Insight
Hospitality united in calls for VAT and business rates relief
While some operators are in favour of the reintroduction of the furlough scheme, not all think it should be a key pillar of government support in the current crisis