All MCA Insight articles in December 2023 – Page 2
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News
Hospitality ‘not feeling the benefit’ of inflation drop
The financial burden on pubs and restaurants remains a challenge for many, despite inflation hitting its lowest level in over two years as it falls to 3.9% in November
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News
Stonegate completes £638m refinance
The pub company has completed the refinancing of a 1,034-strong pub portfolio, with debt provided by US private equity firm Apollo Global Management
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News
MCA Hospitality Awards 2024 - just a few days left to cast your vote
Ten hotly contested categories are up for voting - choose your top concepts, leaders and openings here
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News
Wingstop UK sees 49% LFL growth in 2023
Master franchise Lemon Pepper Holdings has been able to maintain profitable growth across its estate, with plans to reach 50 sites by end of 2024
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News
Domino’s NED steps down
Stella David, who is also a dirctor at Barcardi and Vue International, is leaving to focus on an interim CEO role at gambling and betting company Entain
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News
BrewDog toasts ‘busiest ever week’ with £3.54m bar sales
CEO James Watt revealed that the craft brewer has welcomed 16.7m customers to BrewDog bars in 2023.
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News
KFC franchisee Soul Foods reaches 400 site mark
The family-owned business, which operates KFC, Starbucks and Taco Bell franchises, has opened eight new stores in the last quarter.
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Opinion
Whose job is it to reduce meat consumption?
Prestige Purchasing chairman David Read urges the sector to unleash its creativity and implement positive changes in a way that adds to rather than takes away from customer choice
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News
Giggling Squid sales ahead of pre-pandemic levels
Turnover for the Thai restaurant group increased by 11.3% to £73.3m in the year to 2 April 2023 (FY23), up from £65.9m the year before.
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News
Tortilla adapts to changing market
The company’s performance is expected to be slightly behind previous forecasts due to “subdued consumer confidence” impacting demand across the eating out market, in particular during Q4
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Analysis & Insight
Draught sales up 7.4% boosted by office Christmas parties
Footfall has increased 2.1% compared to last year as consumer dwell time grew 3.3%, according to the Oxford Partnership
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News
Redemption Roasters hits £1.2m crowdfund target
The coffee company which supports prisoners into employment will use the funds to scale its impact, expand sales channels, enhance e-commerce, and improve its operational efficiency and profit margin
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News
Nico Simeone to launch three new venues
The founder of Six by Nico is investing £3m in the new sites in Glasgow, including new cocktail tasting experience Somehwere by Nico
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News
Hospitality inflation remains stagnant
ONS data shows inflation continues to soften across the wider economy, however in the restaurant and hotel sector it remained at 7.5% this month
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News
Industry leaders express ‘extreme disappointment’ over Scottish budget
Mainland Scotland’s hospitality businesses will get no business rates relief, whereas In England and Wales, businesses enjoy a 75% and 40% relief respectively
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News
Failure to designate spiking as distinct crime ‘disheartening’
Michael Kill, CEO of the Night Time Industries Association, is urging the government to reconsider its stance on the laws related to drink spiking
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Analysis & Insight
Takeaway sales drop as consumer habits evolve
Consumers have changed their at-home ordering habits in recent years, moving away from the collection of meals in favour of delivery to the door, according to CGA by NIQ
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News
In Pictures: Rosa’s Thai White City
Designed by Quadrant, the space has been transformed into a warm, Thai-inspired restaurant conveying Rosa’s brand and story
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News
Wells & Co adds two French sites
It marks the Bedford-based brewery’s first purchase in France since 2019 with the addition of two pubs, the House of Parliament and HMS Victory in Bordeaux
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News
Square Mile set for flurry of new pubs as City footfall rises
Transport for London (TfL) figures show the Underground reached 4m journeys in a single day, with overall journeys close to pre-pandemic levels